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Stock Market Today: Top 10 things to know before the market opens

Stock Market Today: Top 10 Insights for the Day Ahead

  • Sen­sex, Nifty 50 Today: The bench­mark Sen­sex and Nifty indices are expect­ed to open slight­ly high­er, with the GIFT Nifty indi­cat­ing a pos­i­tive start with a gain of 35 points.
  • BSE Sen­sex and Nifty50: The BSE Sen­sex was down 284 points at 63,591, and the Nifty50 declined 90 points to 18,989. This led to the for­ma­tion of a bear­ish can­dle­stick pat­tern on the dai­ly charts with a low­er top and low­er bot­tom. The momen­tum indi­ca­tor RSI also showed a neg­a­tive trend.
  • FIIs and DIIs: For­eign insti­tu­tion­al investors offloaded shares worth Rs 1,816.91 crore, while domes­tic insti­tu­tion­al investors bought Rs 1,622.05 crore worth of stocks on Novem­ber 1, accord­ing to pro­vi­sion­al data from the Nation­al Stock Exchange.

Quarterly Earnings:

Sev­er­al com­pa­nies, includ­ing Adani Enter­pris­es, Tata Motors, Adani Pow­er, Dabur, and oth­ers, are set to announce their sec­ond-quar­ter results on Novem­ber 2.

  • Bajaj Auto report­ed a 20 per­cent YoY increase in net prof­it for the Sep­tem­ber quar­ter at Rs 1,836.14 crore.
  • Indraprastha Gas (IGL) record­ed a 29.5 per­cent increase in con­sol­i­dat­ed net prof­it for the sec­ond quar­ter to Rs 553 crore.
  • Sun Phar­ma report­ed a 5 per­cent YoY rise in con­sol­i­dat­ed net prof­it for the July-Sep­tem­ber quar­ter at Rs 2,375.5 crore.
  • Ambu­ja Cements report­ed a sub­stan­tial increase in net prof­it, grow­ing near­ly nine­fold to Rs 792.96 crore.

Commodity Prices:

Oil Prices: Oil prices inched high­er due to con­cerns about sup­ply dis­rup­tions in the Mid­dle East. Brent crude futures rose to $85.01 a bar­rel, and U.S. West Texas Inter­me­di­ate crude futures gained to $80.90 a bar­rel.

Cur­ren­cy and Gold Prices: The Dol­lar index trad­ed 0.30 per­cent high­er in futures at 106.96, and gold prices remained rel­a­tive­ly sta­ble.

Rupee Exchange Rate: The Indi­an rupee depre­ci­at­ed against the U.S. dol­lar, clos­ing at an all-time low of 83.33, low­er by 9 paise against its pre­vi­ous close.

Global Markets:

U.S. Mar­kets:

S&P 500 futures and Nas­daq 100 futures both rose around 0.2 per­cent, while Dow Jones Indus­tri­al Aver­age futures added 30 points. These changes fol­lowed a pos­i­tive ses­sion on Wall Street.

Euro­pean Mar­kets:

Euro­pean mar­kets showed pos­i­tive momen­tum despite con­cerns, with the Stoxx 600 index end­ing 0.7 per­cent high­er. Retail stocks climbed, but Aston Mar­tin faced a decline in its shares.

Asian Mar­kets:

S&P 500 futures rose in Asian mar­kets. SolarEdge expe­ri­enced a sig­nif­i­cant drop, while Door­Dash and Etsy had mixed earn­ings reports. Japan­ese and South Kore­an mar­kets showed gains.

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