Indian indices may open lower amid global cues on Oct 03, 2024

3 Oct 2024 , 07:21 AM

Indian markets may open negative amid Iran-Israel clash. GIFT Nifty was trading at 25737, around 64 points down at 7.05 am on October 03, 2024.

On October 1, the indices closed flat amid volatility. Sensex on Tuesday closed at 84,266.29, down 33.49 points or 0.04%. The Nifty50 index slipped 13.95 points or 0.05% to end at 25,796.90.

On the sectoral front, the Nifty IT index emerged as the top performer, gaining 1.17% by the close of trading. On the other hand, Nifty Bank index fall by 55.50 points or 0.10% to settle at 52,922.60. The Nifty Oil & Gas index too experienced a sharp drop and close 0.67% down. However, the Volatility index (India VIX) witnessed a significant decline, falling more than 6% to reach 11.99 which signals reduced market volatility.

Global Markets:

Asian markets showed a mixed performance, reflecting varied investor sentiment across the region. Meanwhile, the US stock market closed slightly higher overnight, with technology stocks leading the gains.

Japan’s Nikkie rose 225 points, 2.57% up while Hong Kong’s Hang Seng Index futures indicates lower opening.

In the US markets, the Dow Jones Industrial Average gained 39.55 points, or 0.09%, closing at 42,196.52. Meanwhile, the S&P 500 saw a modest increase of 0.79 points, or 0.01%, settling at 5,709.54. The Nasdaq Composite ended the day 14.76 points, or 0.08% higher, finishing at 17,925.12.