Nifty, Sensex poised to open in negative zone; GIFT Nifty futures fall 180 pts

Stock Market Today, September 4, 2024: Headline indices, Sensex and Nifty will likely start today's (September 4, 2024) session in the negative sphere. At around 7:05 am, GIFT Nifty futures, an early indicator of the 50-share index, fell 180 points or 0.71 per cnet at 25,175 ahead of the opening bell on Dalal Street.

Global markets bleed

Foriegn stock markets bleeded heavily; major indices in fell up to 3 per cent. US markets ended lower, with S&P 500 down 2.12 per cent, and Nasdaq was 3.26 per cent. Asian market indexes were also in negative zone; Japan's Nikkei 225 fell 3.20 per cent.

Here's how the major indices faired:

• Nasdaq down 577 points or 3.26 per cent at 17,136
• S&P 500 ended lower, down 119 points or 2.12 per cent at 5,528.93
• Japan's Nikkei 225 dipped 1,238 points or 3.20 per cent
• South Korea's KOSPI  down 60 points or 2.23

Why global markets down?

Here are reasons why American market fall:

• August manufacturing PMI data disappoints
• 10-tear bond yield drops to 3.8% growth concerns weigh on IT and semiconductor stocks
• Nvidia plunges 9.5 per cent

Previous session summary

On the previous day, both domestic indices ended on a flat note, Nifty down 1.15 pts or 0 per cent at 25,279. Meanwhile, Sensex down 4.40 pts or 0.01 per cent at 82,555.

What should investors/traders track today?

Several companies stocks are to be in focus during today's session, including Cipla, AU Small Finance Bank, IEX, and GIC.

Here's a list of stocks that are set to be in focus during Wednesday's session:

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