Here we have discussed some key cues of the market that you should keep in mind before the market opens a 9 a.m. Let’s consider the aspects of today that you should know before trading. As per the reports, the experts are confident that Indian markets will open on a positive note on October 11, 2023, on a positive note. It is because the officials of the US Federal Reserve lowered the Treasury yields leading to the gains in global peers. Nevertheless, the Gift Nifty went 17 points up following the dovish comments from the officials of the US Federal Reserve. In this article, we will tell you how you can get yourself ahead of other investors in the market by just focusing on some basic things before the market opens. Shift to the next section and read more details.
Stock Market Today
The first point to consider before the market opens this morning at 9 am is Wall Street indexes which closed with gains yesterday, it was their third straight day of gains after the U.S. Federal Reserve officials announced Treasury yields lower as investors feared tensions developed in the Middle East. Notably, after the dovish comments from the US Federal Reserve Treasury yield came off its 16-year peak yesterday. It was its steepest single-day drop since August, as trading started again in the U.S. bond market which was closed for a holiday a day before.
According to the report, the S&P 500 gained 22.58 points 0.52 percent, to 4,358.24 the Dow Jones Industrial Average gained 134.65 points, or 0.4 percent, to 33,739.3, and the Nasdaq Composite added 78.61 points, or 0.58 percent, to 13,562.84. The next aspect that should remain in your consciousness is Asia’s market surged on Wednesday and the dollar beat a withdrawal as dovish comments from Federal Reserve officials. Swipe down the page and read more details.
The GIFT Nifty was trading 17 points or 0.09 percent higher at 19,793 at 8:20 a.m., anticipating a positive opening for the Indian markets on October 11, 2023. On Tuesday, Indices Nifty and Sensex rallied nearly 1 percent after gains in auto, financials, and IT shares following sharp losses and positive global trends. Talking about the crude oil price on Tuesday, oil prices dropped more than $1 a barrel, persisting a slide that started with traders earlier in the day focused on demand levels but still cautious about potential supply disruptions amid a war between the Palestinian Islamist group Hamas and Israel.