Stock Market LIVE Updates: Sensex, Nifty flat; broader markets gain, financials, metal, O&G drag

Stock Market LIVE Updates: Indian markets open marginally higher, led by mixed cues from Asian markets.

Illustration: Ajay Mohanty

Stock Market LIVE Updates, Tuesday, September 3, 2024: Indian benchmark indices BSE Sensex and Nifty 50 were trading nearly flat after opening marginally higher on Tuesday.

At 2:00 PM, the BSE Sensex was at 82,507.27, down by 0.06 per cent, while the Nifty 50 was down 0.06 per cent at 25,262.35.

Elsewhere, Asian stocks slipped and investors bought dollars and yen on Tuesday in a drift toward safe-haven assets ahead of a raft of data that may determine how deeply the US will cut interest rates later this month.

The US ISM manufacturing survey due later in the day and particularly jobs data due on Friday will be crucial for whether the Federal Reserve cuts by 25 basis points or 50 on Sept. 18.

MSCI's broadest index of Asia-Pacific shares outside Japan ticked 0.5 per cent lower as falling profits weighed on China's banking sector. Japan's Nikkei fell 0.3 per cent and S&P 500 futures eased 0.2 per cent.

The yen rose about 0.5 per cent to 146.24 per dollar, while the dollar rose on the euro, sterling and the Antipodean currencies, reflecting a little less confidence that the Fed may opt for a 50 bp cut later in the month.

China's banking index fell 1.8 per cent as four of the country's five largest lenders reported lower second-quarter profit, weighed by the property sector crisis.

Gold hovered at $2,494 an ounce after hitting a record high above $2,500 in August.

Oil prices have struggled for traction as demand worries weigh against tensions in the Middle East, and Brent crude futures slipped 0.5 per cent to $77.13 a barrel.

2:00 PM

Stock Market LIVE Updates: India business booming despite Western sanctions, says Russia's Sberbank

Stock Market LIVE Updates: Russia's trade with India is booming and bilateral payments are proceeding smoothly without the glitches that have been hampering trade with other countries, Anatoly Popov, deputy CEO of Russia's largest lender, Sberbank, told Reuters. READ MORE

1:50 PM

Stock Market LIVE Updates: Mankind up 3% after co looks to raise Rs 9,000 cr for Bharat Serums deal

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1:44 PM

Stock Market LIVE Updates: Anti-dumping probe into canola imports as Canada imposes EV tariff, says China

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1:42 PM

Stock Market LIVE Updates: NaBFID planning to disburse $17 bn in loans to finance projects, says top executive

Stock Market LIVE Updates: India’s National Bank for Financing Infrastructure and Development (NaBFID) is planning to disburse $17 billion in local currency loans this year and next to finance various long term projects, a top executive said. READ MORE

1:32 PM

Stock Market LIVE Updates: RK Forgings up 6%, hits new high on investment in aluminium forging project

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1:22 PM

Stock Market LIVE Updates: Bajaj Housing Finance IPO buzz: GMP leapfrogs 80%; 5 key takeaways from RHP

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1:20 PM

Stock Market LIVE Updates: Defence Ministry to approve major Navy, Army projects worth over Rs 1 trn

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1:20 PM

Stock Market LIVE Updates: Max graft complaints in 2023 against rail, local bodies, banks, CVC report finds

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1:12 PM

Stock Market LIVE Updates: Benchmarks turn flat

Stock Market LIVE Updates: Both Sensex and Nifty50 were trading flat.

1:09 PM

Stock Market LIVE Updates: Travel industry to contribute record $11 trillion to global GDP in 2024

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1:06 PM

Stock Market LIVE Updates: Rising incomes may propel household asset growth, says RBI's Michael Patra

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1:05 PM

Stock Market LIVE Updates: 'Go for gold' as China weighs on other commodities, says Goldman Sachs

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12:57 PM

Stock Market LIVE Updates: This brokerage's stock price has zoomed 53% in 3 weeks

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12:56 PM