Trade Ideas: Nifty Futures closed at 24,847.7 on Friday, rising 1.1% with a 5.1% increase in open interest signaling a clear long build-up and strengthening bullish sentiment.
Derivatives
India Stocks Move in the Red [04 Sep 2024]
The BSE Sensex fell 477 points or 0.6% to 82,079 in early deals on Wednesday after being flat in the previous session, tracking a drop in Asian peers, following losses on Wall Street overnight amid a significant sell-off in tech stocks.
IRFC, IREDA, SJVN among 19 PSU stocks that qualify for F&O entry post Sebi rule revision
As the revised norms for stocks’ entry and exit in the futures & options (F&O) segment comes into force, there are 19 PSU counters which are eligible for inclusion according to estimates by Nuvama Institutional Equities.
Saudi Arabia Output to Rise to Just Above 10 Mln b/d over Next 2 Months
Saudi Arabia doesn’t yet plan production above its assigned OPEC quota of 10.311mbpd
Saudi King Reportedly Emphasises Drive Towards Ensuring Stability In Oil Markets
Gold Eases as Strong Equities Check Support From Iran Sanctions
Gold edged lower on Tuesday as strong equities provided a risk-conducive backdrop for investors, countering support from Washington’s move to end waivers on Iranian oil sanctions.
Gold Hovers Near 10-month Peak Amid Steady Dollar After Fed Minutes
Gold prices were firm near a 10-month peak on Thursday, with the dollar holding steady in the wake of minutes from the latest U.S. Federal Reserve meeting that rekindled expectations of a possible rate hike later in the year.
Crude Oil Kiss 3 Month High on OPEC Cuts
Gold Silver Reports (GSR) – Crude Oil prices rose to their highest levels since November last year on Monday, lifted by OPEC-led supply cuts and U.S. sanctions on Iran and Venezuela.