It is anticipated that the Indian stock market will open cautiously on Tuesday, as SGX Nifty trends indicate a loss of 7 points. In this regard, let’s examine the latest stock market updates before the market begins today.
On Monday, November 8, 2021, the Bombay Stock Exchange (BSE) Sensex rose 477.99 points to 60,545.61 and the Nifty50 rose 151.70 points to 18,068.50, creating a bullish graph on the daily charts.
According to the pivot charts, the main level of support for the Nifty is 17 907.2, followed by 17 748.8. If the index were to rise, the key resistance levels to watch would be 18,249.2 and 18,158.9. Let us now examine all the stock market updates that can have a significant impact on the Indian and worldwide markets.
Wall Street equities followed Asian shares in early trading on Tuesday, as the passing of the US infrastructure package bolstered emotions and oil prices rose due to rising energy demand in a diverse global economy.
The MSCI Asia-Pacific ex-Japan Broadcast Index gained by 0.3% at the beginning of the Asian trading day. The Nikkei Stock index in Japan climbed by 0.06 percent, whilst the Australian share market declined by 0.12 percent.
Wall Street stocks ended Monday with a slight gain, rising initially after the passage of an infrastructure funding plan but trimming gains late as falling Tesla shares weighed on the indexes.
The Dow Jones Industrial Average increased by 104.27 points, or 0.29 percent, to 36,432.22, while the S&P 500 gained 4.17 points, or 0.09 percent, to 4,701.7 and the Nasdaq Composite gained 10.77 points, or 0.07 percent, to 15,983.36.
Today’s SGX Nifty trends indicate a cautious start for the index in India, with a loss of 7 points. At approximately 7.30 IST, Nifty futures were trading at 18,130 on the Singaporean Exchange.
Increased US Spending On Oils As Supply Concerns Grow
Oil prices rose on Monday as optimistic forecasts for energy demand were buoyed by signs of global economic expansion, and the United States stated that it was examining its options to accommodate the price increase.
At 2.28 p.m., the price of a barrel of Brent Crude jumped by 71 cents, or 0.83 percent, to $83.44 after falling about 2 percent in the previous week. US crude oil rose 68 cents, or 0.84 percent, to $81.95, after sliding 3 percent in the previous week. In early trading, both contracts gained by nearly $1 per barrel.
The GDP Is Likely To Grow By 10-10% In Fiscal Year 2022: Report
This is tomorrow’s certain Indian stock market news. Monday, the domestic rating agency Brickwork Ratings increased its forecast for the country’s gross domestic product (GDP) growth for the current fiscal year from 9 percent to 10 to 10.5 percent.
Inspira Enterprise Receives SEBI Approval For Rs 800 Crore IPO
IT solution provider Inspira Enterprise India has received approval from markets regulator SEBI to raise Rs 800 crore via an IPO (Initial Public Offering).
According to the DRHP, the principal share-sale consists of a Rs 300 crore fresh issuance of equity shares to the group and a Rs 500 crore OFS (offer for sale) of equity shares by Manjula Jain Family Trust, Prakash Jain, and Prakash Jain Family Trust (draft red herring prospectus).
Stock Market Updates: Results Today
On November 9, 2021, Mahindra & Mahindra, Bosch, AstraZeneca Pharma, Power Grid Corporation, BHEL, Indraprastha Gas, HEG, MRF, and Petronet LNG, among 160 other firms, will disclose their quarterly earnings.
Gold Holds Steady as Weak Dollar Neutralizes Stable U.S. Bond Yields
Gold prices remained constant on Tuesday, staying near a two-month high recorded in the previous session, as a weak dollar counterbalanced higher US government yields.
At 00:51 GMT, spot gold was barely changed at $1,823.53 per ounce. The price of US gold futures declined by 0.1% to $1,825.80. On Monday, gold reached its highest level since September 7 as the dollar weakened and major central banks declared that inflation will likely subside and that immediate interest rate hikes were unnecessary.
DII And FII Data
Foreign institutional investors (FIIs) net sold shares worth Rs 860.65 crore on the Indian equities market on November 8, while domestic institutional investors (DIIs) net bought shares worth Rs 1,911.77 crore, according to provisional data from the National Stock Exchange (NSE).
Stocks Under F&O Ban On NSE
Three equities — Punjab National Bank, Escorts, and Sun TV Network – are currently subject to a November 9 F&O restriction. In the F&O segment, stocks that have exceeded 95 percent of the market-wide position limit are included in the suspension period.
The stock market is in a volatile position currently, therefore it is vital that you are aware of the latest stock market developments before the market starts today. Here are the top ten developments prior to the opening of the stock market today.
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