5 Things to Know Before Market Opens on October 17, 2024

On Thursday, Indian stock market indices, Sensex and Nifty 50, are expected to open cautiously following mixed global market cues.

Previous Trading Session 

On Wednesday, the Sensex dropped by 318.76 points (0.39%), closing at 81,501.36, while the Nifty 50 fell by 86.05 points (0.34%) to settle at 24,971.30.

FII and DIIs 

On October 16, 2024, DIIs bought securities worth ₹13,432.45 crore, while FIIs sold securities worth ₹17,901.58 crore.

Crude Price

Crude oil prices rebounded on Wednesday, recovering some of the sharp losses from the previous two sessions. Brent crude futures rose by 0.6% to $74.67 per barrel, while U.S. WTI crude futures also gained 0.6%, reaching $70.84 per barrel.

Asian Markets

On Thursday, Asian markets displayed mixed performance, tracking overnight gains on Wall Street. Japan’s Nikkei 225 remained flat, while the Topix index increased by 0.34%. South Korea’s Kospi edged up 0.1%, while the Kosdaq dipped by 0.25%. Hong Kong’s Hang Seng index futures pointed to a positive opening.

US Markets

U.S. markets ended the day on a strong note, led by gains in financial stocks. The Dow Jones Industrial Average surged by 337.28 points (0.79%) to reach a record high of 43,077.70. The S&P 500 added 27.21 points (0.47%), closing at 5,842.47, while the Nasdaq Composite advanced by 51.49 points (0.28%) to end at 18,367.08.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.