Live stock market updates, Friday October 4, 2024: GIFT Nifty futures, trading around 50 points behind Nifty futures at 7:42 am, signaled that Indian markets were likely to start on a slower note on Friday.
The Indian stock market bled sharply on Thursday, October 3, as the risk of a resurgence in tensions between Iran and Israel fueled a feeling of caution among investors.
The BSE Sensex slumped 1,769 points, or 2 percent, to end at 82,497 levels, while the Nifty 50 crossed the 25,300 mark to close at 25,250, down 547 points or 2.12 percent.
The BSE Sensex hit an intraday low of 82,434, while the Nifty 50 plunged to 25,230.30 during the day.
Across markets, the Nifty MidCap index fell 2.2 percent and the Nifty SmallCap index slipped 1.9 percent. The fear gauge, India VIX, climbed 9.4 percent on Thursday.
Among sectors, all indices closed in the red, with losses led by Nifty Realty (down 4.6%), Nifty Auto (down 2.7%) and Nifty Private Bank (down 2.6%). .5%).
Meanwhile, Asia-Pacific markets were mixed on Friday after Wall Street closed lower as concerns over escalating tensions in the Middle East made investors cautious ahead of US jobs data. United States in September.
In Australia, the S&P/ASX 200 index fell 0.98 percent, while Japan’s Nikkei 225 rose 0.11 percent and the broader Topix index rose 0.27 percent. hundred.
South Korea’s Kospi rose 0.78 percent, while the Kosdaq rose 1.61 percent.
Hong Kong’s Hang Seng Index rose 0.48 percent, while mainland Chinese markets were closed until October 8.
Apart from that, global stocks also fell on Thursday, weighed down by tepid trading in equity markets in the United States and other major regions, while oil prices jumped, supported by the rise geopolitical tensions linked to the conflict in the Middle East.
The main Wall Street indices ended lower after increasing slightly at the start of the session. Data released Thursday showed rising U.S. jobless claims, indicating a slowing labor market but strong activity in the services sector.
The closely watched September nonfarm payrolls report is due Friday.
The Dow Jones Industrial Average fell 0.44 percent to 42,011.59, the S&P 500 fell 0.17 percent to 5,699.94 and the Nasdaq Composite fell 0.04 percent to 17,918.48.
European stocks ended 0.93 percent lower as investors digested weak survey data on business activity in the bloc. MSCI’s index of stocks across the world fell 0.39 percent to 842.18.
Israel bombed Beirut early Thursday after a year of clashes with Iran-backed Hezbollah. Asked whether he would support Israel in a strike on Iranian oil facilities, US President Joe Biden told reporters on Thursday “we are discussing it.” He added: “Nothing will happen today.”
Brent crude futures rose 5.03 percent to $77.62 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose 5.15 percent to $73.71.
Gold prices remained stable as the US dollar strengthened against major currencies. Spot gold fell 0.01 percent to $2,657.24 an ounce, while U.S. gold futures rose 0.4 percent to $2,679.2.
In terms of currencies, the US dollar index rose to a six-week high, reaching 102.09, its highest level since August 19.
Treasury yields rose after jobless claims data and the services sector report. Two-year Treasury yields last rose to 3.7095 percent on Thursday, while benchmark 10-year yields last rose to 3.853 percent.
(With inputs from Reuters.)
