Share Market News

GIFT Nifty:

The GIFT Nifty December futures contract is trading 68.50 points higher, suggesting a positive opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 5,320.68 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 4,200.16 crore in the Indian equity market on 19 November 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 37766.34 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, buoyed by Wall Street's gains and a tempered reaction to Nvidia Corp.'s revenue outlook. Bitcoin continued its upward move, nearing the $100,000 mark, while the US dollar strengthened.

Japan's manufacturing sector contracted for the fifth consecutive month in November, as indicated by the preliminary au Jibun Bank flash PMI, which fell to 49.0 from 49.2 in October.

Japan's October consumer price index (CPI) data revealed a slight uptick in headline inflation and a further rise in core inflation, surpassing the Bank of Japan's 2% target. This development fuels expectations of additional interest rate hikes.

US equities closed higher on Thursday, though tech stocks continued to face pressure following Alphabet's decline due to regulatory concerns. Uncertainty surrounding interest rates persisted, fueled by slightly elevated jobless claims and cautious remarks from Federal Reserve officials.

At the close in NYSE, the Dow Jones Industrial Average rose 1.06%, while the S&P 500 index gained 0.53%, and the NASDAQ Composite index gained 0.04%.

On the economic front, weekly jobless claims fell to 213,000 for the week ending 16th November, down from 219,000 the previous week. This data signals ongoing strength in the U.S. labour market.

Alphabet Inc. shares declined 0.4% in after-hours trading following a 4.7% drop during the regular session on Thursday. The Department of Justice (DOJ) has proposed that Google divest its Chrome web browser to mitigate its dominance in online search. Additionally, the DOJ recommended that Google share its data and search results with competitors and potentially sell its Android operating system. These recommendations follow a recent court ruling that declared Google's online search monopoly illegal.

The broader tech sector was also impacted by Nvidia's mixed third-quarter results. While the company exceeded earnings expectations on strong AI demand, it forecast a slower revenue growth rate for the current quarter.

Domestic Market:

Domestic equity markets experienced a significant decline on Thursday, with the Nifty index closing below the 23,350 mark. The market's decline was primarily driven by a combination of factors, including heightened geopolitical tensions and the fresh Adani Group crisis. PSU banks and metal stocks bore the brunt of the selling pressure, while IT and private bank stocks bucked the trend and witnessed buying interest. The barometer index, the S&P BSE Sensex fell 422.59 points or 0.54% to 77,155.79. The Nifty 50 index declined 168.60 points or 0.72% to 23,349.90.

GIFT Nifty:

The GIFT Nifty December futures contract is trading 154 points lower, suggesting a weak opening for the Nifty 50.

Shares of Adani Group companies will be watched. Indian billionaire Gautam Adani and his associates have been indicted by U.S. prosecutors for a massive bribery scheme. They allegedly bribed Indian officials more than $250 million to secure billions of dollars worth of solar energy contracts for Adani Green Energy. The indictment further accuses them of misleading U.S. and international investors about the bribery scheme during a 2021 bond offering. The U.S. Attorney's Office for the Eastern District of New York has charged them with wire and securities fraud.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 3,411.73 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,783.89 crore in the Indian equity market on 19 November 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 35867.85 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 on Thursday, dampened by mixed signals from Nvidia's earnings report and heightened geopolitical tensions. Investors remained cautious, with concerns over Russia-Ukraine conflict weighing on sentiment.

U.S. stocks closed mixed on Wednesday, with Target's disappointing earnings and Nvidia's tempered guidance impacting investor sentiment. While the Dow Jones Industrial Average gained 0.32%, the S&P 500 index ended flat%, and the NASDAQ Composite index fell 0.11%.

Investors were rattled by a nearly 22% slide in Target after the retailer missed expectations for its September quarter earnings. Target steadied in evening trade, although its earnings also raised some questions over weakening retail spending.

Nvidia shares fell more than 1% in aftermarket trade to around $144.0, trimming some losses after falling as much as 2% just after its earnings. Earnings per share rose to $0.81 on revenue of $35.1 billion, higher than expectations of $0.75 in EPS and $33.09 billion in revenue.

Nvidia's quarterly results, while exceeding expectations, fell short of some analysts' hopes for a more significant beat. The company's guidance for the fourth quarter, though slightly above estimates, hinted at a slower pace of revenue growth, raising questions about the sustainability of AI-driven demand. This cautious outlook tempered investor enthusiasm and contributed to the broader market's subdued performance.

Market participants are now focused on a series of U.S. economic indicators, including jobless claims, home sales data, and the Purchasing Managers' Index (PMI). Additionally, several Federal Reserve officials are scheduled to speak, providing insights into the central bank's monetary policy outlook.

Domestic Market:

The domestic equity benchmarks staged a strong rebound on Tuesday, ending a seven-day losing streak. The Nifty 50 index closed above the 23,500 level, driven by buying interest in auto, realty, and media stocks. The recent sharp decline in the benchmarks had created oversold conditions, making them attractive to bargain hunters. Additionally, a slowdown in FII selling and consistent buying by domestic institutions further bolstered sentiment. Positive cues from other Asian markets also supported buying.

The barometer index, the S&P BSE Sensex rose 239.37 points or 0.31% to 77,578.38. The Nifty 50 index added 64.70 points or 0.28% to 23,518.50. The 50-unit index dropped 4.21% in past seven consecutive trading sessions.

GIFT Nifty:

The GIFT Nifty November futures contract is trading 54 points higher, suggesting a positive opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 1,403.40 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,330.56 crore in the Indian equity market on 18 November 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 33875.10 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 climbed on Tuesday as investors awaited key cabinet appointments from the incoming Trump administration. Meanwhile, market participants monitored shifts in US Federal Reserve policy expectations.

The probability of a rate cut at the December Fed meeting has decreased in recent days, as resilient economic data and potential inflationary pressures from the new administration’s policies could limit the scope for easing.

US stocks closed mixed on Monday. While the Dow Jones Industrial Average slipped 0.13%, the S&P 500 gained 0.39%, and the Nasdaq Composite Index rose by 0.60%.

Tesla shares surged over 5% following reports of the incoming administration's focus on autonomous vehicle development. NVIDIA stock closed 1% lower amidst reports of overheating issues with its upcoming AI chips, ahead of its third-quarter earnings report on Wednesday.

The upcoming week's US economic calendar is relatively light, with the key focus being the manufacturing and service sector PMI data due out on Friday. The National Association of Homebuilder's reported its housing market index for November rose to a reading of 46 versus 43 last month.

Domestic Market:

Domestic equity benchmarks continued their downward spiral on Monday, marking their seventh consecutive session of losses. The Nifty index closed below the 24,500 level, despite a brief surge to 23,606.80 earlier in the day. The sharp decline was primarily driven by a sell-off in IT and energy stocks. However, metals and FMCG sectors managed to buck the negative trend.

The barometer index, the S&P BSE Sensex declined 241.30 points or 0.31% to 77,339.01. The Nifty 50 index lost 78.90 points or 0.34% to 23,453.80. The 50-unit index dropped 4.21% in seven consecutive trading sessions.

GIFT Nifty:

The GIFT Nifty November futures contract is trading 90.50 points higher, suggesting a strong opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 1,849.87 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,481.81 crore in the Indian equity market on 14 November 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 32351.27 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 traded mixed on Monday as investors tempered expectations for Federal Reserve interest rate cuts following recent signs of US economic resilience.

Japanese and Australian shares fell. South Korea’s benchmark bucked the trend, led by Samsung Electronics Co.’s rally after it announced a stock buyback plan.

Later on Monday, traders will be watching a speech and media briefing by Bank of Japan Governor Kazuo Ueda for clues on the central bank's next policy move, particularly regarding the weakening yen.

United States equities were lower at the close on Friday, as the post-election rally faded. Strong economic data fueled concerns about fewer Fed rate cuts. At the close in NYSE, the Dow Jones Industrial Average lost 0.70%, while the S&P 500 index declined 1.32%, and the NASDAQ Composite index fell 2.25%.

Applied Materials dropped 9% after a disappointing earnings report, citing slowing demand from China.

US retail sales increased slightly more than expected in October, rising 0.4% last month above the 0.3% expected, and compared with the upwardly revised 0.8% advance in September. Robust consumer spending helped the economy maintain its strong pace of growth last quarter.

At the same time, US import prices unexpectedly rose in October, rebounding 0.3% last month after an unrevised 0.4% decline in September, the latest indication of lack of progress lowering inflation in recent months.

Domestic Market:

The headline equity benchmarks continued their downward trend on Thursday, marking the sixth consecutive day of losses. The Nifty 50 index settled below the 23,550 mark, having reached a day’s high of 23,675.90 during the morning session. FMCG, PSU banks, and pharma shares fell, while auto, media, and realty stocks gained. The S&P BSE Sensex declined 110.64 points or 0.14% to 77,580.31. The Nifty 50 index lost 26.35 points or 0.11% to 23,532.70, sliding below its 200-day simple moving average. The 50-unit index has fallen 3.89% in five sessions.

Domestic stock exchanges were closed on Friday, 15th November for Guru Nanak Jayanti.

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.