Markets News

The Nifty 500 index has risen 6.40% in YTD whereas the Nifty Next 50 index skyrocketed 17.50% in CY24

From top news to market performance, here's the market wrap for the week ended April 5, 2024.

At 11:39 a.m. ET, the Dow Jones Industrial Average surged 266.21 points, marking a 0.69 per cent increase to reach 38,863.19. Simultaneously, the S&P 500 rose by 51.35 points, reflecting a 1.00 per cent gain, and stood at 5,198.56.

RBI monetary policy: RBI projects CPI inflation for FY25 at 4.5% with Q1 at 4.9%, Q2 at 3.8%, Q3 at 4.6%, and Q4 at 4.5%. Governor Das emphasizes the need for inflation to remain moderate and align with targets for economic stability.

Financial freedom is achieved by investing in equities with confidence, understanding the biases and tendencies of the human brain, and avoiding risk by investing in fundamentally strong companies bought at attractive valuations.

At 9:35 a.m. ET, the Dow Jones was up 0.71%, the S&P 500 was up 0.81%, the Nasdaq Composite was up 0.98%

Oil rose toward a five-month high after OPEC confirmed it would maintain its existing supply cuts through the end of June.

As of 10:10 a.m. Eastern time, the Dow Jones was up 0.2 per cent, the S&P 500 was 0.2 per cent higher, the Nasdaq was 0.1 per cent higher

Before Market Opens: Indian markets are likely to open on a weak note on Wednesday following losses in Asian peers as US yields held near four-month highs and oil prices jumped. Meanwhile, Gift Nifty was trading 33 points lower. Let's take a look at some key cues before the market opens today:

Shares of Elon Musk-led Tesla were 5.3 per cent down at USD 165.98 at midday on Tuesday. The company lost about USD 30 billion in market value