8 Key Market Updates You Need to Know Before the Stock Market Opens Today – Nifty, US Inflation, TCS Results, and More

The Indian stock market, including Sensex and Nifty 50, is expected to open on a quiet note today due to mixed signals from global markets.

Here are 8 key market updates to know before today’s trading:

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Asian Markets: Asian markets mostly went up after South Korea’s central bank cut interest rates for the first time since March 2022. Japan’s Nikkei 225 rose 0.3%, and South Korea’s Kospi gained 0.8%.

Gift Nifty: Gift Nifty is trading at around 25,085, about 35 points below Nifty futures’ previous close, suggesting a slow start for the Indian market.

US Stock Market: The US market closed lower after inflation was higher than expected. The Dow Jones dropped 57.88 points, and the S&P 500 lost 11.99 points.

US Inflation: US consumer prices in September rose slightly more than expected, increasing 0.2%, making the yearly inflation rate 2.4%.

Jobless Claims: More Americans applied for unemployment benefits last week, with claims rising by 33,000 to 258,000.

TCS Q2 Results: Tata Consultancy Services (TCS) reported a slight drop in its net profit for the second quarter. The profit fell by 1.1% to ₹11,909 crore, while revenue increased by 2.6%.

US Federal Reserve: The Federal Reserve may keep interest rates steady in November, according to statements from officials like Atlanta Fed President Raphael Bostic.

Oil Prices: Oil prices went down slightly after a recent 3% increase. Brent crude is now at $79.13 per barrel.

These factors will impact the market’s performance today.