🌅 Pre-Market Update 🌟
📉 Wall Street: U.S. markets ended largely unchanged on Wednesday as investors remained cautious ahead of the Fed's Jackson Hole symposium. However, futures gained after Nvidia's strong earnings and outlook. 📈
🌏 Asian Markets: Asian equities traded higher, supported by optimism around AI and technology stocks after Nvidia's results. ✨
🇰🇷 Kospi ⬆️ 2.22%
🇯🇵 Nikkei 225 ⬆️ 0.41%
🇯🇵 Topix ⬆️ 0.32%
🇭🇰 Hang Seng Futures ⬇️ 0.20%
✨ GIFT Nifty: Trading around 24,360, down nearly 35 points, indicating a cautious to negative start for domestic markets. 📉
📉 Yesterday's Indian Markets: Profit booking after early gains dragged benchmark indices lower, while banking stocks supported Bank Nifty. Nifty Midcap 100 touched a fresh record high.
🔸 Sensex ⬇️ 0.24% to 77,472.94
🔸 Nifty 50 ⬇️ 0.52% to 24,207.75
🤖 Nvidia Earnings: Revenue surged to $96.22 billion, above estimates of $92.17 billion, while EPS stood at $2.22 versus expectations of $2.10. The company forecast Q3 FY27 revenue of around $108 billion, supporting optimism around AI stocks. 🚀
🛢️ Oil Prices: Crude extended its decline amid hopes that negotiations related to the Strait of Hormuz could eventually ease supply disruptions.
🛢️ Brent: $86.36/barrel ⬇️ 0.36%
🛢️ WTI: $81.67/barrel ⬇️ 0.34%
🥇 Gold: Gold steadied near record levels as investors assessed inflation concerns and awaited signals from the Federal Reserve.
🥇 Spot Gold: $4,615.27/oz ⬆️ 0.5%
🌍 Geopolitical Watch: Developments around Iran, Oman and the Strait of Hormuz remain crucial for global energy markets and investor sentiment. 👀
💸 FII/DII Activity (August 26):
💰 FII/FPI: Bought equities worth ₹502.63 crore 🤑
🏦 DII: Bought equities worth ₹6,425.16 crore 🚀
🚫 F&O Ban Today: None
👀 Stocks in focus: NLC India, Dixon Tech, HDFC Bank, Welspun Corp
📊 Key triggers today: Global market trends, Nvidia's earnings impact, crude oil prices, Strait of Hormuz developments and signals from the Fed's Jackson Hole symposium.
Let’s see how the markets react! 📈✨
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