D-Street may open positive

5 Sep 2024 , 09:14 AM

Indian indices Nifty and Sensex expected to open positively on September 5. The GIFT Nifty was trading around 110 points higher at 25,365 at 7 am IST.

Indian benchmark indices ended in the red on September 4 amid global cues. The Nifty snapped its 14-day winning streak and closed below 25,200. The market saw widespread selling across most sectors, except for realty, FMCG, and pharma, which managed to stay afloat.

The Sensex had slipped 202.8 points, or 0.25%, to close at 82,352.64, while the Nifty fell 81.10 points, or 0.32%, settling at 25,198.7 on September 4.

Global Markets:

Major Asian markets rebound on Thursday morning after sell-off on Wednesday, except for Japan market. While the US stocks slightly lower on Wednesday, as labor market data and remarks from a Federal Reserve official strengthened the argument for a potential interest rate cut.

The Dow Jones Industrial Average edged up by 38.04 points, or 0.09%, to close at 40,974.97. Meanwhile, the S&P 500 slipped 8.86 points, or 0.16%, to 5,520.07, and the Nasdaq Composite dropped 52.00 points, or 0.30%, ending at 17,084.30.

FII & DII Data:

The FII bought equities of around ₹975 crore on September 4 while DII bought equities worth ₹97 crore yesterday.