08th May 2025 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 24414.40 (+0.14%)

India’s stock markets remained largely unaffected following the military strikes on terrorist camps across the border in Pakistan
Sensex rose by 0.13 percent, gaining 106 points to settle at 80,747
Nifty edged up by 0.14 percent or 34.80 points, closing at 24,414.40
The Auto segment extended its outperformance by advancing over 1%
Broader market participation remained strong, with Midcap and Smallcap indices outperforming and rising over 1%
The Indian rupee depreciated marginally, ending the day at 84.84 against the US dollar, down 0.47 percent
FIIs remained net buyers on 15th consecutive session on May 7 as they bought equities of Rs 2,585 crore
Domestic institutional investors (DIIs) purchased equities of Rs 2,378 crore on same day
US stocks advanced on Wednesday in choppy trading
Fed leaves rates unchanged for 3rd straight meeting
Fed says inflation remains “somewhat elevated”
Uncertainty about outlook has “increased further”
Risks of higher unemployment and inflation have risen
Fed is attentive to risks to both sides of their mandate
Fed appears to see higher risk of stagflation ahead
The Fed pause continues despite Trump’s calls for cuts
The Dow Jones Industrial Average rose 284.97 points, or 0.70%
S&P 500 gained 24.37 points, or 0.43%
Nasdaq Composite gained 48.50 points, or 0.27%
Dow Jones upmove aided by Disney +11% after they reported earnings beat and a surprise jump in streaming subscribers
Alphabet down 7% & Apple down 1%
Apple’s services chief said they are looking to add artificial intelligence services as search options in Apple’s Safari browser in the future which could signal the end of Apple’s partnership with Google Source
US 10-year Treasury yield at 4.29%
Dollar Index at 99.6
Brent Crude at 61.5$/barrel
Bitcoin at 97820$
Gold -1% at 3390$/ounce
Asian markets were set to higher opening
Nikkei up 0.25% and Hangseng up 1%