Benchmark BSE Sensex plunges 1,769 points amid West Asia conflict, hitting a three-week low. Key stocks in focus include Godrej Properties, Angel One, and ITC. Technical analysts suggest Godrej in a no-trade zone, bullish prospects for Angel One, and cautious optimism for ITC.
Stocks To Watch: HDFC Bank, Muthoot Finance, Ola Electric, Adani Green, LIC (04-10-2024)
Stock Market Today: Morgan Stanley and Citigroup have acquired 43.75 lakh shares of HDFC Bank for over Rs 755 crore at an average price of Rs 1,726.20 each.
Dollar poised for largest weekly gain since April, jobs report in focus (04-10-2024)
The dollar held near its six-week high, driven by safe-haven demand amid Middle East tensions and anticipation of U.S. non-farm payrolls data. Expectations of 140,000 job additions and a steady unemployment rate at 4.2% kept market participants cautious. Meanwhile, the Australian and New Zealand dollars faced weekly declines, and Japanese yen slid on dovish comments from Japanese politicians.
Gold holds steady as traders wait for US payroll data (04-10-2024)
Gold prices remain flat but slightly lower for the week as market attention turns to a crucial U.S. payrolls report. Expectations for a Federal Reserve interest rate cut have grown, with recent data suggesting a possible reduction. Meanwhile, geopolitical tensions in Lebanon continue to escalate.
Oil edges up on Middle East conflict but supply outlook limits gains (04-10-2024)
Oil prices rose marginally on Friday amid the Middle East conflict, with Brent crude reaching $77.71 and WTI at $73.79, both showing weekly gains of about 8%. Speculation around supply disruptions and investor actions influenced the rise, despite amply-supplied global markets and Libya’s resolved oilfield disputes.
US stocks end lower ahead of US jobs data, Middle East still in focus (04-10-2024)
U.S. stocks ended lower on Thursday as investors awaited the monthly payrolls report and monitored the conflict in the Middle East. New unemployment claims rose marginally. The S&P 500 remains up 19.5% for the year. Rising oil prices impacted energy shares positively. A port strike may affect consumer prices.
Stocks that will see action today: October 4, 2024 (04-10-2024)
Buzzing stocks: BSE, HDFC Bank, RPower, PTC India, BoB, Avenue Supermarts, Bajaj Finance, M&M Financial, Aarti Drugs, Shlpa Medicare, CESC
GIFT Nifty down 105 points; here’s the trading setup for today’s session (04-10-2024)
Immediate support is seen at 25,000, followed by 24,750, while 25,500 is expected to act as the immediate resistance. Traders should closely monitor these key levels, as a break below support could trigger further downside, while resistance at 25,500 may cap any short-term recovery attempts, said Hardik Matalia of Choice Broking.