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Share Market News

  • NIFTY: 23,532.70
  • -26.35 (-0.11)
  • SENSEX: 77,580.31
  • -110.64 (-0.14)
23,532.70
-26.35 (-0.11)

GIFT Nifty:

The GIFT Nifty November futures contract is trading 44 points lower, suggesting a negative opening for the Nifty 50.

The National Stock Exchange (NSE) is set to add 45 new stocks to its futures and options (F&O) segment, effective November 29th. This expansion includes prominent names such as Zomato, DMart, and Jio Financial. Other notable additions to the F&O segment are: Adani Energy, Adani Green Energy, and Adani Total Gas, Bank of India, BSE, CDSL, LIC, Paytm, PB Fintech, and YES Bank, Cyient, KPIT Technologies, Tata Elxsi, Angel One, Delhivery, Hudco, Nykaa, Oil India, Tube Investments, JSW Energy, and Jindal Stainless.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 2,502.58 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 6,145.24 crore in the Indian equity market on 13 November 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 29772.61 crore (so far) in the secondary market during November 2024. This follows their sale of shares worth Rs 1,13,858.81 crore in October 2024.

Global Markets:

Asian stocks declined on Thursday, extending a recent downward trend. Investors remain cautious as US inflation data pointed to persistent price pressures, raising doubts about the likelihood of future interest rate cuts. Meanwhile, hopes for additional stimulus measures in China have yet to materialize.

The initial post-election rally in US equities appears to be waning. On Wednesday, the Dow Jones Industrial Average added 0.11%, while the S&P 500 index climbed 0.02%, and the NASDAQ Composite index lost 0.23%.

US consumer price index (CPI) data for October came in line with expectations, but still indicated persistent inflationary pressures. The annual CPI rose to 2.6% from 2.4% in September. Core CPI, which excludes volatile food and energy prices, increased to 3.3% year-over-year.

While these figures still support the case for a December rate cut by the Federal Reserve, the longer-term outlook for interest rates remains uncertain, especially given the potential inflationary impact of Trump's policies.

Investors are now awaiting a speech by Fed Chair Jerome Powell for further guidance on monetary policy. The Fed cut rates by 25 basis points last week and reaffirmed its data-dependent approach to future easing.

Domestic Market:

The domestic equity benchmarks extended their losing streak on Wednesday, with the Nifty 50 index slipping into correction territory. This marks the fifth consecutive day of decline, pushing the Nifty over 10% below its all-time high of 26,277.35, achieved in September. Realty, PSU banks and metal shares tumbled. However, FMCG, and IT shares bucked the trend. The S&P BSE Sensex tumbled 984.23 points or 1.25% to 77,690.95. The Nifty 50 index declined 324.40 points or 1.36% to 23,559.60. The 50-unit index has fallen 3.78% in five sessions.

GIFT Nifty:

The GIFT Nifty November futures contract is trading 10 points lower, suggesting a negative opening for the Nifty 50.

Shares of Swiggy will debut on stock exchanges today. Swiggy's IPO was subscribed 3.59 times. It was open for bidding between 6 to 8 November 2024. The price band of the IPO was set at Rs 371 to 390 per share.

Economy:

India’s retail inflation, based on the Consumer Price Index (CPI), in October 2024 surged to a 14-month high of 6.21%, according to the latest official data released on Tuesday. India’s retail inflation had stood at a nine-month high of 5.49% in September 2024. It was at 4.87% in October 2023.

India’s industrial production grew by 3.1% in September, according to official data released on Tuesday. In the previous month of August, the factory output, based on the Index of Industrial Production (IIP), was in the negative territory at (-) 0.1%. However, the IIP growth had stood at 6.4% in September 2023.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 3,024.31 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,854.46 crore in the Indian equity market on 12 November 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 26819.55 crore (so far) in the secondary market during November 2024. This follows their sale of shares worth Rs 1,13,858.81 crore in October 2024.

Global Markets:

Asian stocks declined on Wednesday, mirroring losses on Wall Street. The post-election rally seems to be losing steam, and investors are growing cautious ahead of crucial U.S. inflation data.

China's recent fiscal measures failed to significantly boost regional markets, while uncertainty surrounding global trade relations continues to dampen sentiment.

Wall Street benchmarks retreated from record highs on Tuesday after a strong post-election run. At the close in NYSE, the Dow Jones Industrial Average lost 0.86%, while the S&P 500 index fell 0.29%, and the NASDAQ Composite index declined 0.09%.

Key Federal Reserve officials' hawkish comments, particularly Minneapolis Fed President Neel Kashkari's warning about potential rate hikes, added to the negative sentiment.

Investors are now focused on the upcoming U.S. consumer price index (CPI) data due later on Wednesday, which is expected to reveal persistent inflation in October.

Domestic Market:

The domestic equity benchmarks continued their downward spiral on Tuesday, marking the fourth consecutive day of losses. The Nifty 50 index decisively breached the 23,900 level, closing near its intraday low. Sectors like auto, FMCG, and metals bore the brunt of the sell-off. Increased profit-booking and mixed global signals further exacerbated the decline. The S&P BSE Sensex slipped 820.97 points or 1.03% to 78,675.18. The Nifty 50 index lost 257.85 points or 1.07% to 23,883.45. The 50-unit index has fallen 2.45% in four sessions.

GIFT Nifty:

The GIFT Nifty November futures contract is trading 19 points higher, suggesting a positive opening for the Nifty 50.

The Reserve Bank of India (RBI) has simplified the process for foreign portfolio investors (FPIs) to convert their investments into foreign direct investment (FDI) when they exceed the 10% ownership limit in an Indian company. This move provides a clear pathway for FPIs to retain their investment in India, subject to government and company approvals, instead of being forced to sell excess shares.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 2,306.88 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,026.63 crore in the Indian equity market on 11 November 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 25564.96 crore (so far) in the secondary market during November 2024. This follows their sale of shares worth Rs 1,13,858.81 crore in October 2024.

Global Markets:

Most Asian stocks declined on Tuesday as China's much-anticipated economic stimulus package fell short of expectations. Investors were also closely monitoring developments in the U.S. following the recent election.

Last week, markets rallied on hopes that a new administration would implement business-friendly policies. However, Beijing's stimulus plan, which focused primarily on debt relief for local governments, failed to inspire confidence.

Concerns about potential trade tensions between the U.S. and China, particularly regarding tariffs on Chinese goods, contributed to the market's downturn.

The US stock market closed on a high note on Monday, with all major indexes hitting record highs. The Dow Jones Industrial Average surpassed the 44,000 mark for the first time, gaining 0.69% to 44,293.13. The S&P 500 and Nasdaq also rose, up 0.10% to 6,001.35 and 0.06% to 19,298.76, respectively.

Tesla's stock surged 9%, boosting its market value to over $1.1 trillion. Microsoft, Amazon, and Meta Platforms saw slight declines of around 1% each. Nvidia's stock fell 1.6%. Bitcoin miners MARA Holdings and Riot Platforms stocks rallied 30% and 17%, respectively.

While the market has been on a strong upward trend, investors are becoming cautious ahead of the release of key consumer price index (CPI) inflation data on Wednesday.

Domestic Market:

The domestic equity benchmarks ended almost flat with negative bias on Monday, marking a third consecutive day of losses. While IT and banking stocks provided some support, weakness in auutos, metals and FMCG dragged the indices down. The Nifty 50 index, after reaching an intraday high of 24,336.80, settled below the 24,150 mark. The index opened lower but bounced from the 24,000 level. However, the recovery was short-lived, as selling pressure emerged in the afternoon session. The S&P BSE Sensex, was up 9.83 points or 0.01% to 79,496.15. The Nifty 50 index shed 6.90 points or 0.03% to 24,141.30.

GIFT Nifty:

The GIFT Nifty November futures contract is trading 2 points higher, suggesting a flat opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 3,404.04 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,748.44 crore in the Indian equity market on 8 November 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 21961.46 crore (so far) in the secondary market during November 2024. This follows their sale of shares worth Rs 1,13,858.81 crore in October 2024.

Global Markets:

Asian markets declined following China's announcement of a 10 trillion yuan debt relief program, which was perceived by some as insufficient to stimulate the economy. Concerns over deflationary pressures and a slowdown in foreign direct investment also weighed on sentiment.

Meanwhile, Bitcoin surged past $81,000, driven by the incoming president's support for digital assets and the election of pro-crypto lawmakers. Oil prices declined further, extending losses from the previous session, as weak demand from China continued to dampen market sentiment.

In the US, the S&P 500 reached a new record high, driven by optimism surrounding the potential economic benefits of a second term for the incumbent US president. The S&P 500 rose 0.38% to 5,995.54 points on Friday. The Dow Jones Industrial Average rose 0.59% to 43,988.99 points, while the NASDAQ Composite rose 0.09% to 19,286.78 points.

Tesla's stock surged over 8%, boosting its market valuation above $1 trillion, while Airbnb shares fell more than 8% following a mixed quarterly earnings report.

The University of Michigan's Consumer Sentiment reading climbed to 73 in November, up from 70.5 last month, reflecting increased optimism about the economy.

Domestic Market:

The domestic equity benchmarks concluded the trading session on a negative note on Friday, despite a positive global sentiment triggered by a 25 basis point rate cut by the US Federal Reserve. The Nifty 50 closed below the 24,150 mark. PSU banks, realty, and media stocks witnessed significant declines. IT, consumer durables, and FMCG sectors bucked the negative trend. The S&P BSE Sensex declined 55.47 points or 0.07% to 79,486.32. The Nifty 50 index lost 51.15 points or 0.21% to 24,148.20.

GIFT Nifty:

The GIFT Nifty November futures contract is trading 57 points lower, suggesting a negative opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 4,888.77 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,786.70 crore in the Indian equity market on 7 November 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 16320.29 crore (so far) in the secondary market during November 2024. This follows their sale of shares worth Rs 1,13,858.81 crore in October 2024.

Global Markets:

Asian equities climbed on Friday after stocks, bonds, and commodities rallied in the US following a Federal Reserve interest rate cut by 25 basis points to a range of 4.5% to 4.75% on Thursday, a move that was widely anticipated.

Fed Chair Jerome Powell stated that the recent presidential election outcome would have no immediate impact on monetary policy. He emphasized that the Fed will continue to rely on a data-driven approach for future decisions, noting that inflation is cooling as expected, while economic growth remains strong.

In Europe, the Bank of England cut interest rates on Thursday for only the second time since 2020 and said future reductions were likely to be gradual, seeing higher inflation and growth after the new government's first budget. The Monetary Policy Committee voted 8-1 to cut interest rates to 4.75% from 5%.

Investors are now focused on China, where a legislative meeting is concluding and may result in new stimulus measures. While Trump's victory has introduced tariff concerns for China and other developing economies, optimism remains high that Chinese authorities will announce measures to counter potential trade impacts from the US.

In the US, stock indices mostly gained on Thursday, extending the recent rally spurred by Trump’s victory. The S&P 500 rose 0.74% to a record 5,973.10 points, and the NASDAQ Composite climbed 1.51% to reach a record 19,269.36 points. The Dow Jones Industrial Average remained flat at 43,729.34 points but stayed close to a record high.

Trump's victory, coupled with a Republican majority in Congress, suggests fewer obstacles for the 47th President in enacting significant policy reforms. He is expected to pursue a looser fiscal policy, while his protectionist trade and immigration stances are anticipated to strengthen the dollar.

Domestic Market:

The domestic equity markets suffered a significant setback on Thursday, erasing recent gains and closing the day in the red. The Nifty 50 index ended below the 24,200 level, while the Sensex also witnessed a sharp decline. The sell-off was widespread, but metal stocks bore the brunt of the decline. The S&P BSE Sensex dropped 836.34 points or 1.04% to 79,541.79. The Nifty 50 index fell 284.70 points or 1.16% to 24,199.35. The 50-unit index rose 2.05% in the past two days.

GIFT Nifty:

The GIFT Nifty November futures contract is trading 12 points lower, suggesting a flat-to-negative opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 4,445.59 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 4,889.33 crore in the Indian equity market on 6 November 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 12380.12 crore (so far) in the secondary market during November 2024. This follows their sale of shares worth Rs 1,13,858.81 crore in October 2024.

Global Markets:

The Dow Jones index futures was up 44 points, signaling a positive opening for U.S. stocks today.

Asian stocks showed mixed performance on Thursday as the initial rally driven by Donald Trump's victory in the 2024 U.S. election began to lose momentum. The focus is now on potential stimulus measures from China and an upcoming Federal Reserve meeting.

While most Asian markets saw significant gains on Wednesday, Chinese stocks were more subdued due to concerns over potential strict trade tariffs. Trump has pledged to impose a 60% tariff on all Chinese imports. Attention is now on the meeting of China’s National People’s Congress, which began earlier this week, for insights into possible fiscal stimulus measures.

Regional markets received limited positive influence from a strong session on Wall Street, where U.S. benchmark indexes reached record levels following Trump's victory. The S&P 500 increased by 2.5% to a record high of 5,929.04 points, the NASDAQ Composite rose 2.9% to 18,978.65 points, and the Dow Jones Industrial Average surged 3.6% to 43,729.93 points, marking its best day since 2022.

Trump Media & Technology Group, owner of the Truth Social platform, saw its shares rise by 6%. Tesla's stock jumped over 14%, as the company is perceived as a major beneficiary of Trump’s win, partly due to Elon Musk's support of Trump's campaign. Financial stocks like Citigroup, Bank of America, and Wells Fargo experienced strong gains as investors speculated that Trump’s presidency would lead to decreased regulation in the banking sector.

Investors are now awaiting the outcome of a Federal Reserve meeting later on Thursday for more guidance on interest rates. The Fed is expected to cut rates by 25 basis points, though the outlook remains uncertain amid Trump's presidency and persistent inflationary pressures.

Domestic Market:

The benchmark equity indices surged to significant gains on Wednesday, marking the second consecutive day of upward momentum. This rally comes in the wake of Donald Trump's victory in the U.S. presidential election, bringing widespread optimism to the markets. Market participants are also optimistic about the potential for another rate cut by the Federal Reserve. The upcoming Fed meeting on November 7 has sparked hopes that further monetary easing could be on the horizon, adding to the buoyant market sentiment. The S&P BSE Sensex surged 901.50 points or 1.13% to 80,378.13. The Nifty 50 index jumped 270.75 points or 1.12% to 24,484.05.

GIFT Nifty:

The GIFT Nifty November futures contract is trading 10 points higher, suggesting a positive opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 2,569.41 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 3,030.96 crore in the Indian equity market on 5 November 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 10493.30 crore (so far) in the secondary market during November 2024. This follows their sale of shares worth Rs 1,13,858.81 crore in October 2024.

Global Markets:

The Dow Jones index futures soars 504 points, signaling a strong opening for U.S. stocks today, as early vote counts showed Donald Trump leading Kamala Harris.

Asian stocks advanced on Wednesday, mirroring Wall Street’s overnight gains, as markets monitored the results of a highly contested U.S. presidential election. Investors also focused on potential additional stimulus measures from China.

On Tuesday, U.S. stock indexes surged, recovering from recent losses due to gains in technology stocks. Speculation over an upcoming rate cut by the Federal Reserve further boosted risk appetite. The S&P 500 climbed 1.2% to 5,782.76 points, while the NASDAQ Composite increased 1.4% to 18,438.62 points. The Dow Jones Industrial Average rose 1.02% to 42,221.88 points.

Attention this week remains on the Federal Reserve meeting, where the central bank is expected to reduce interest rates by 25 basis points.

Domestic Market:

The domestic equity benchmarks ended Tuesday's trading session with significant gains, primarily driven fag-end buying in metal, banking, and financial stocks. The Nifty 50 index closed above the 24,200 level, recovering from an intraday low of 23,842.75. This uptick was fueled by optimism regarding a potential consumption revival in the second half of the fiscal year and anticipation of a substantial stimulus package from China later this week. The S&P BSE Sensex rallied 694.39 points or 0.88% to 79,476.63. The Nifty 50 index advanced 217.95 points or 0.91% to 24,213.30.

GIFT Nifty:

The GIFT Nifty November futures contract is trading 37 points higher, suggesting a positive opening for the Nifty 50. After Monday's deep fall, investors may seek value-buying opportunities in the Indian stock market.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 4,329.79 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,936.08 crore in the Indian equity market on 4 November 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 5876.97 crore (so far) in the secondary market during November 2024. This follows their sale of shares worth Rs 113858.81 crore in October 2024.

Global Markets:

The Dow Jones index futures were up 40 points, indicating a positive opening in the US stocks today.

Asian shares were mixed on Tuesday as investors remained cautious ahead of the closely watched U.S. presidential election later in the day. Chinese markets were buoyed by strong business activity data. Investors are also closely monitoring the meeting of China's National People's Congress this week, anticipating further clues on fiscal spending.

Regional markets took a neutral stance following a negative session on Wall Street. The S&P 500 declined 0.28%, the NASDAQ Composite fell 0.33% and the Dow Jones Industrial Average dropped 0.61%.

The US Federal Reserve's meeting is scheduled for this week, with a 25 basis point rate cut widely expected, following a 50 basis point cut in September.

Third-quarter earnings have delivered mixed results, with a slew of middling big-tech earnings reported last week. Berkshire Hathaway Inc. fell 2% after missing operating earnings estimates. In contrast, data software firm Palantir Technologies Inc. rallied nearly 13% in after-market trading as its earnings surpassed expectations.

Dollar Tree Inc. rose 6.3% after announcing that CEO Rick Dreiling would resign, and Chief Operating Officer Michael Creedon Jr. would take over on an interim basis.

Domestic Market:

The domestic equity benchmarks plunged on Monday, with the Nifty50 index closing below the crucial 24,000 level. All sectoral indices on the NSE ended the day in the red, signaling a broad-based sell-off. The realty, oil & gas, and media sectors were particularly hard-hit. The market downturn was attributed to multiple factors, including the upcoming US presidential election, the Fed's monetary policy announcement, weak US jobs data, and a combination of weak quarterly earnings reports and ongoing geopolitical tensions. The S&P BSE Sensex, tanked 941.88 points or 1.18% to 78,782.24. The Nifty 50 index dropped 309 points or 1.27% to 23,995.35.

GIFT Nifty:

The GIFT Nifty November futures contract is up 7 points, suggesting a mildly positive start for the Nifty 50, tracking positive cues from other Asian indices.

Goods and services tax or GST collections in October were Rs 1.87 lakh crore, recording a rise of 8.9% compared to same month last year. The total GST collections for 2024 have edged up by 9.4% to Rs 12.74 lakh crore.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 211.93 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 377.33 crore in the Indian equity market on 1 November 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth Rs 113858.81 crore in October 2024.

Global Markets:

The Dow Jones index futures were down 65 points, indicating a negative opening in the US stocks today.

Most Asian stocks rose on Monday as investors looked for clues on fiscal stimulus from an upcoming meeting of China's top policymakers. However, gains were limited by pre-US election risk aversion and a regional trading holiday in Japan.

Chinese stocks were upbeat as the National People's Congress Standing Committee began a four-day meeting. The body is expected to outline further fiscal spending measures.

In the US, the S&P 500 closed higher on Friday as a significant miss on job gains in the October payrolls report solidified expectations of a Fed rate cut next week. A rally in Amazon also lifted consumer stocks. The S&P 500 gained 0.4% to 5,728.8 points, the NASDAQ Composite rose 0.8% to 18,239.92 points, and the Dow Jones Industrial Average increased 0.7% to 42,052.19 points.

The US economy added only 12,000 jobs in October, far below the expected 106,000 and a sharp decline from the revised 223,000 in September. However, these figures were impacted by recent hurricanes and ongoing labor actions. The softer-than-expected payrolls data has intensified expectations of further interest rate cuts by the Federal Reserve.

All eyes are on the Federal Reserve's meeting this week, where the central bank is widely anticipated to implement a 25-basis-point interest rate cut, following a 50-basis-point reduction in September.

After the market closed on Thursday, tech giants Apple and Amazon released their quarterly results. Apple's stock fell more than 1% after the company's revenue outlook for the current quarter was projected in the low- to mid-single-digit range, potentially signaling caution ahead of the holiday shopping season.

In contrast, Amazon's stock surged over 6% as the e-commerce giant reported an 11% year-over-year increase in overall quarterly revenue, benefiting from "once-in-a-lifetime" opportunities presented by generative AI.

Domestic Market:

The key equity barometers ended the special one-hour Muhurat trading session with moderate gains on Friday, snapping a 2-day losing streak. The Nifty settled above the 24,300 level. All the sectoral indices on the NSE ended in the green, with auto, realty and consumer durables gaining the most. The barometer index, the S&P BSE Sensex advanced 335.06 points or 0.42% to 79,724.12. The Nifty 50 index added 99 points or 0.41% to 24,304.35.

Both BSE and NSE will hold a Muhurat trading session today, November 1st, from 6:00 PM to 7:00 PM. While regular trading was suspended for the day, this special evening session allows investors to make symbolic investments, a tradition associated with the auspicious occasion of Diwali.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 5,813.30 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 3,514.59 crore in the Indian equity market on 31 October 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 113858.81 crore in the secondary market during October 2024.

Global Markets:

The Dow Jones index futures were up 115 points, indicating a negative opening in the US stocks today.

European stock markets traded higher on Friday, with investors remaining cautious ahead of crucial US economic data and the upcoming presidential election.

In Asia, most stock markets declined, led by a 2.8% drop in Japan's Nikkei. The Bank of Japan maintained its benchmark interest rate at 0.25%, as expected. The Japanese yen weakened against the US dollar.

U.S. stocks closed lower on Thursday, with the Dow and S&P 500 cementing their first monthly loss since April as tech stocks sold off sharply and bond yields remained elevated. The S&P 500 climbed roughly 1.89%, while the Dow rose more than 0.9%, with both indexes trading at record highs. The tech-heavy Nasdaq Composite led the gains, up roughly 2.76%.

Microsoft and Meta Platforms highlighted growing artificial intelligence costs that could hit their earnings, curbing enthusiasm for megacaps that have fueled the market rally this year. Shares of Facebook-owner Meta Platforms slipped 4.1% and Microsoft fell 6%, despite both companies beating earnings estimates in results reported after the bell on Wednesday.

Investors are watching Friday for the closely followed employment data due in the morning.

Domestic Market:

The domestic equity benchmarks ended lower for the second straight session on Thursday, with Nifty50 briefly falling below 24,200, intraday. The decline was primarily triggered by selling pressure in key sectors such as IT, FMCG, and banking. Amid mixed global cues, the benchmarks opened marginally higher but turned negative immediately and extended the losses as the day progressed to end near the day’s low. The Nifty, however, recovered and settled above the 24,200 mark. Trading was volatile due to expiry of monthly F&O contracts.

The S&P BSE Sensex, tumbled 553.12 points or 0.69% to 79,389.06. The Nifty 50 index declined 135.50 points or 0.56% to 24,205.35.

GIFT Nifty:

The GIFT Nifty November futures contract is down 39 points, suggesting a mildly negative start for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 4,613.65 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 4,518.28 crore in the Indian equity market on 30 October 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 110205.86 crore (so far) in the secondary market during October 2024. This follows their purchase of shares worth Rs 46,552.40 crore in September 2024.

Global Markets:

Asian stocks declined on Thursday as concerns over the rising costs of artificial intelligence weighed on chip-sector stocks, mirroring overnight losses by Wall Street peers. Meta Platforms, the parent company of Facebook, warned of escalating AI expenses. Investors are also awaiting earnings reports from tech giants Apple and Amazon later in the day.

The Japanese yen hovered near a three-month low against the dollar, pressured by political instability following the ruling coalition's poor performance in recent parliamentary elections. This uncertainty could delay the normalization of monetary policy in Japan.

The Bank of Japan is scheduled to announce its rate decision on Thursday, with no significant changes expected.

In the US, stocks rallied on Wednesday, with the tech-heavy Nasdaq Composite reaching a new record high, driven by strong earnings from Alphabet. The Dow Jones Industrial Average gained 0.51%, the S&P 500 rose 0.29%, and the Nasdaq Composite climbed 0.24%.

Economic data released on Wednesday showed that the US economy grew at an annual rate of 2.8% in the third quarter, supported by consumer spending and government expenditure. However, this was a slowdown from the second quarter's 3% pace. Additionally, US private payrolls surged by 233,000 jobs in October, exceeding expectations.

Market participants are cautiously looking ahead to a crucial week, which includes the release of US non-farm payrolls data on Friday, the presidential election next Tuesday, and a Federal Reserve policy decision next Thursday. Gold prices continued to climb, reaching a new record high.

Domestic Market:

The domestic equity benchmarks ended lower on Wednesday, snapping a two-day rally, as mixed global cues and concerns about domestic economic growth weighed on investor sentiment. The Nifty 50 index closed below the 24,350 mark, dragged down by losses in banks and consumer durables stocks. Media and FMCG stocks, however, bucked the trend and ended higher. The benchmark index traded in a narrow range throughout the session, failing to break above the 24,500 level.

The S&P BSE Sensex, declined 426.85 points or 0.53% to 79,942.18. The Nifty 50 index lost 126 points or 0.51% to 24,340.85.

GIFT Nifty:

The GIFT Nifty November futures contract is down 3 points, suggesting a flat start for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 548.69 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 730.13 crore in the Indian equity market on 29 October 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 109295.75 crore (so far) in the secondary market during October 2024. This follows their purchase of shares worth Rs 46,552.40 crore in September 2024.

Global Markets:

Asian stocks fell on Wednesday as risk appetite was quashed by anticipation of a tight U.S. presidential election and a barrage of key economic readings this week.

Japanese markets remained the outliers, extending recent gains as heightened political uncertainty in the country fueled more bets that the Bank of Japan will not raise interest rates further.

In the US, indices marked a mixed close on Tuesday, as investors piled into technology stocks, but avoided most other sectors. The NASDAQ Composite rose 0.8% to a record-high close of 18,717.58 points, while the S&P 500 rose 0.2% to 5,832.92 points. But the Dow Jones Industrial Average lagged, falling 0.4% to 42,233.05 points.

Sentiment was underpinned by strong earnings from Alphabet Inc. Tech majors Meta Platforms Inc and Microsoft Corporation are set to report on Wednesday, while Amazon.com Inc and Apple Inc are due on Thursday.

A slew of key U.S. economic readings are also due in the coming days, while the Federal Reserve is set to meet next week. Third-quarter gross domestic product data is due on Thursday, while PCE price index data- the Federal Reserve’s preferred inflation gauge- and nonfarm payrolls data are due on Friday. The three readings are likely to factor into the outlook for interest rates, and come before a Fed meeting next week where the central bank is widely expected to cut rates by a smaller 25 basis points.

Domestic Market:

The domestic equity benchmarks concluded Tuesday's trading session with modest gains, extending their positive streak to the second consecutive day. The Nifty 50 index closed above the 24,450 mark, buoyed by strong performances from banking and financial services stocks.

The indices opened on a flat note, influenced by mixed global cues, and spent the first half of the trading session in negative territory. However, a mid-session recovery propelled the indices to close near their daily highs. While banking and financial stocks were the primary drivers of the market's uptick, sectors like auto, pharma, and IT faced selling pressure.

The S&P BSE Sensex, was up 363.99 points or 0.45% to 80,369.03. The Nifty 50 index added 127.70 points or 0.52% to 24,466.85.

GIFT Nifty:

The GIFT Nifty November futures contract is down 47.50 points, suggesting a negative start for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 3,228.08 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,400.85 crore in the Indian equity market on 28 October 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 107070.50 crore (so far) in the secondary market during October 2024. This follows their purchase of shares worth Rs 46,552.40 crore in September 2024.

Global Markets:

Asian stocks traded mixed on Tuesday as investors turned their attention to a flurry of key earnings reports due out in the coming days. While Japanese markets continued their upward trend following the ruling coalition's loss of its parliamentary majority, the broader Asian market was less enthusiastic. The Bank of Japan's upcoming meeting later this week is expected to maintain its current monetary policy stance.

US stocks closed higher on Monday, driven by hopes of easing geopolitical tensions in the Middle East. The focus is firmly on the upcoming deluge of major earnings reports and economic data releases. The S&P 500 gained 0.27% to 5,823.52, the NASDAQ Composite rose 0.26% to 18,568.05, and the Dow Jones Industrial Average outperformed with a 0.65% increase to 42,387.57.

Key economic events this week include the release of US GDP data for the third quarter on Thursday, followed by the PCE price index (the Fed's preferred inflation gauge) and nonfarm payrolls data on Friday. These figures will provide crucial insights ahead of the Fed's upcoming meeting, where a smaller 25-basis-point rate cut is widely anticipated. Additionally, the US presidential elections are scheduled for November 5th.

Domestic Market:

Domestic equity benchmarks snapped a five-day losing streak on Monday, ending the session on a strong note. The market rebound was primarily driven by value buying, as recent steep declines attracted investors seeking opportunities. Additionally, easing geopolitical tensions in the Middle East played a significant role. Israel’s limited attack on Iran over the weekend raised hopes for a potential de-escalation, boosting market sentiment and leading to a gap-up opening on Monday.

The barometer index, the S&P BSE Sensex jumped 602.75 points or 0.76% to 80,005.04. The Nifty 50 index gained 158.35 points or 0.65% to 24,339.15.

GIFT Nifty:

The GIFT Nifty November futures contract is up 90 points, suggesting a strong start for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 3,036.75 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 4,159.29 crore in the Indian equity market on 25 October 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 102931.94 crore (so far) in the secondary market during October 2024. This follows their purchase of shares worth Rs 46,552.40 crore in September 2024.

Global Markets:

Dow Jones futures climbed 168 points Monday morning, signaling a positive open for US stocks. Investor sentiment improved after Israel opted against striking Iran's nuclear and oil facilities over the weekend, easing concerns about a major escalation in Middle Eastern tensions.

Asian shares traded higher, with the Japanese yen weakening to a three-month low. Investors eagerly awaited details of China's fiscal stimulus plans, as a recent report revealed a deepening decline in industrial profits. The upcoming National People's Congress meeting, scheduled for November 4-8, is expected to address financial work, state asset management, and potential changes to the bond-issuance quota or deficit ratio.

US stocks closed mixed on Friday, with the Nasdaq hitting a new intraday high while the S&P 500 and Dow Jones Industrial Average finished below recent peaks. The S&P 500 ended flat at 5,808.12 points on Friday, while the NASDAQ Composite rose 0.6%. The Dow Jones Industrial Average closed down 0.6%.

Investor interest in technology stocks intensified ahead of a slew of key earnings reports from major tech companies this week. Five of the "Magnificent Seven" tech giants are set to release their quarterly results. This week, investors will closely monitor a series of crucial economic indicators and corporate earnings reports for insights into the health of the economy and businesses.

Domestic Market:

The domestic equity barometers took a significant tumble Friday, extending their losing streak to five days. The Nifty closed below the 24,200 level, dragged by consumer durables, energy and metal shares. The recent "buy on dips" strategy, which had been a reliable tactic for the past few years, is now faltering in the face of sustained FII selling and a weakening global economic outlook. Factors such as rising bond yields, a strengthening dollar, and uncertainty surrounding the US election are also contributing to the market's decline.

The S&P BSE Sensex, dropped 662.87 points or 0.83% to 79,402.29. The Nifty 50 index slipped 218.60 points or 0.90% to 24,180.80. The 50-unit index fell 2.71% in the past five sessions.

GIFT Nifty:

The GIFT Nifty October futures contract is down 25.50 points, suggesting a negative start for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 5,062.45 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 3,620.47 crore in the Indian equity market on 23 October 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 98085.91 crore (so far) in the secondary market during October 2024. This follows their purchase of shares worth Rs 46,552.40 crore in September 2024.

Global Markets:

Most Asian stocks rose on Friday, mirroring a slightly positive close on Wall Street. However, Japanese shares declined in anticipation of a hotly contested general election this Sunday. Concerns about potential currency market intervention by the Japanese government, as the yen approached three-month lows, also weighed on sentiment.

Soft inflation data further pressured the yen. The October headline Tokyo Consumer Price Index (CPI) rose 1.8% year-over-year (YoY), compared to 2.2% in the previous month, according to the Statistics Bureau of Japan.

U.S. equities were mixed on Thursday as investors prepared for a series of major tech earnings reports. Rising geopolitical tensions in the Middle East, with Israel threatening a strike against Iran, also dampened risk appetite. The Dow Jones Industrial Average fell 0.33%, while the S&P 500 rose 0.21%, and the NASDAQ Composite gained 0.76%.

Tesla led the broader market index, surging nearly 22% after reporting third-quarter results that exceeded expectations. This marked its best day since 2013. Whirlpool and UPS also climbed after posting strong results.

IBM dragged down the Dow, falling over 6% as its consulting revenue narrowly missed estimates. Boeing slipped 1.2% after its machinists rejected a new labor contract.

Domestic Market:

The benchmark equity indices closed slightly lower on Thursday, extending their losing streak to four sessions. Despite volatile trading due to F&O expiry, the Nifty managed to close near the 24,400 mark. Banks and pharma shares were in demand, while FMCG and realty shares tumbled. The market's resilience was partly supported by India's strong October PMI data, which aligned with the RBI's growth outlook for FY25. The S&P BSE Sensex shed 16.82 points or 0.02% to 80,065.16. The Nifty 50 index lost 36.10 points or 0.15% to 24,399.40. The 50-unit index fell 1.83% in the past three sessions.