Stock market updates on February 28, 2024: Indian benchmark equity indices are likely to consolidate on Wendesday amid tepid cues from global peers.
At 07:00 am, Gift Nifty futures quoted above 22,243, suggesting a marginal gap-up open for the Nifty 50.
Global cues
Asian shares were mostly in red. Nikkei, Straits Times and Taiwan declined up to 0.5 per cent. On the other hand, Kospi was up 0.5 per cent.
Overnight, the US market ended on a mixed note, with the S&P 500 and Nasdaq up 0.2 per cent and 0.4 per cent, while the Dow Jones down 0.3 per cent.
The 10-year US Treasury bond yield hovered around 4.29 per cent. Whereas, Brent Crude Oil futures consolidated around $82 per barrel.
Stocks to watch
Juniper Hotels: To debut on the bourses today. Grey Market Premium indicates a quiet start for the stock. The IPO too received lukewarm response and was subscribed 2.1 times.
Patanjali: The Supreme Court on Tuesday issued a contempt notice to Patanjali Ayurved and its managing director Acharya Balakrishna for flouting earlier orders and continuing to propagate false and misleading claims through advertisements.
