MarketBuzz

Indian benchmark indices — Sensex and Nifty 50 — are likely to open in green on November 9, after closing with minor gains in the previous session.  

In terms of big cues, oil has slipped further to three month lows below $80 per barrel for Brent crude as demand concerns have mounted.

US markets closed marginally higher in the overnight session as stocks like Disney reacted positively to quarterly results. Asian peers also traded in the green in morning trade. 

Gift Nifty indicates a positive start for the domestic market. 

Amid earnings to track are Mahindra and Mahindra, Adani Ports, Apollo Hospital, Ashok Leyland, ABB India and more. Tata Power shares will also be in focus as several analysts have given it a 'sell' call amid collapse in Indo coal profits.

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Indian benchmark indices, Sensex and Nifty 50, are likely to start the trading session of November 8 in the green, after ending with minor cuts in the previous session.

In morning trade, Brent crude fell around 4.2% or $3.57 in absolute terms to the lowest price since July. It is a positive for the Indian markets because the country is a net importer of crude.

Stocks in Asia this morning rose after a rally in Big Tech pushed US stocks to their longest streak of gains in two years, with investors shrugging off the latest attempts from Federal Reserve speakers to tone down Wall Street’s optimism.

In the domestic market, Bata India, Lupin, Multi Commodity Exchange of India, Pidilite Industries, Power Finance Corporation, Tata Power Company, and United Spirits among others will report their quarterly earnings later in the day.

Among other stocks to track are IndiGo, Power Grid, Shree Cement, IRCTC, and Apollo Tyres

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The Indian benchmark indices, Sensex and Nifty 50, are poised for a gap-down opening on November 7, following a festive mood in the previous session. On November 6, the domestic market saw a third consecutive day of gains, with Nifty 50 reaching a two-week high. Foreign institutional investors (FIIs) offloaded approximately Rs 549 crore, while domestic institutional investors (DIIs) purchased around Rs 595.7 crore.

Asian stocks snapped a three-day winning streak in morning trade, slipping as the bond market's rally paused and investors reined in enthusiasm about a possible peak in global interest rates. In contrast, on Wall Street, the Nasdaq extended its winning streak for a seventh consecutive session, marking its longest such streak since January. However, the gain was modest at 0.3%, indicating a slight loss of momentum. S&P 500 futures and European futures both declined by 0.2%.

Oil prices retraced most of their gains from the previous day due to concerns about weak demand in China. Investors are closely monitoring trade data scheduled for later in the day to assess demand from the world's second-largest oil consumer.

Key stocks to watch in the domestic market include Nykaa, Gland Pharma, Bajaj Finance, IRCTC, Power Grid, and more.

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Indian benchmark indices — Sensex and Nifty 50 — are likely to open in green on November 6, building upon the positive momentum from the previous week. In the preceding session, the market closed at a one-week high, with the Nifty 50 displaying a robust rally of approximately 2% from its lows on October 26.

At 8:00 am IST, India's GIFT Nifty was up by 0.84%, reaching 19,451, which is more than 200 points above the benchmark Nifty 50's closing figure of 19,230.60 on November 3.

In the global context, the previous session witnessed a surge in Wall Street equities, while US 10-year Treasury yields dipped to their lowest point in five weeks. This occurred after data revealed that US job growth in October was slower than anticipated. The Federal Reserve's decision to pause rates on November 1 had ignited a global market rally.

On November 3, Asian markets made significant gains during morning trade, with the MSCI Asia ex-Japan index showing a substantial increase of nearly 1.5%. Japan's Nikkei also climbed by 2.48% to reach 32,793.74, marking its highest level since September 21.

Meanwhile, oil prices experienced a slight uptick, as top exporters Saudi Arabia and Russia announced their commitment to maintaining extra voluntary oil output cuts until the end of the year, effectively tightening the supply. Investors remained vigilant for the possibility of stricter U.S. sanctions on Iranian oil. Brent crude futures rose by 0.5% to $85.30 per barrel by 5:30 am IST.

In the domestic market, the quarterly results of companies such as State Bank of India, Bank of Baroda, IndiGo, and Metropolis will be closely monitored by investors. Additionally, Hindustan Petroleum and Bharat Forge are expected to release their earnings reports later in the day.

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Indian benchmark indices — Sensex and Nifty 50 — are set to open higher in the trading session of November 3, following global peers as risk appetite has improved across global markets on optimism that the US Federal Reserve may not hike rates again in this cycle.

India's GIFT Nifty was up 0.70% at 19,357.50 as of 8:10 a.m. IST, over 200 points above the Nifty 50's Thursday close of 19,133.25.

Wall Street equities rallied overnight, with key indexes gaining over 1.5%, while U.S. 10-year Treasury yields fell to a three-week low. Asian markets advanced, with the MSCI Asia ex-Japan index gaining nearly 1%.

In the domestic market, Nifty 50 and Sensex witnessed a rebound on November 2. Nifty 50, however, could not cross the 19,200 mark. Now, it remains to be seen if the market will see a gap up opening and get closer to the market resistance levels of 19,250-19,300.

Among key stocks to watch is Tata Motors that posted a rise in second-quarter profit on strong JLR sales and pick-up in volumes. Drug maker Lupin has announced the launch of a drug used to control seizures, after receiving approval from the US FDA. 

Titan, IndiGo, Zomato, and Crompton Greaves, on the other hand, will report their earnings for the quarter later in the day. 

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Indian benchmark indices — Sensex and Nifty 50 — are likely to open higher on November 2, tracking a rise in global stocks after the U.S. Federal Reserve kept rates unchanged and Chair Jerome Powell hedged on the possible end of the rate hiking cycle.

India's GIFT Nifty was up 0.86% at 19,214.50 as of 8:12 a.m. IST, over 200 points above the Nifty 50's Wednesday close of 18,989.15.

Wall Street equities rallied overnight, with S&P 500 and Nasdaq Composite adding more than 1% and 1.5%, respectively. Asian markets advanced, with the MSCI Asia ex-Japan index gaining 1.5%.

Stocks to watch: Maruti Suzuki, GAIL, Bharat Petroleum Corp, Godrej Consumer Products, Tata Motors

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Indian benchmark indices — Sensex and Nifty 50 — are set to open marginally higher in the trading session of November 1, tracking a rise in global stocks ahead of the US Federal Reserve's policy decision.

India's GIFT Nifty was down 0.15% at 19,133.50 as of 8:16 am IST, but still above the previous close of 19,079.60.

In the overnight session on Wall Street, Dow Jones, the S&P 500 and NASDAQ ended in green. This was ahead of the Fed's policy decision due later on November 1 and US monthly jobs data due on November 3. The FOC decision will be out at around 11:30 pm (India time) is largely expected to be a no rate change policy.

Asian markets also rose in morning trade.

Brent crude prices further eased down to levels of about $85.5 per barrel. A decline in crude prices is positive for India's economy.

In the domestic market, it is a big day for earnings. Larsen & Toubro and Tata Consumer have reported good growth and the stocks are expected to react. Ambuja Cement, Britannia Industries, Godrej Consumer Products, Hero Motocorp, Indraprastha Gas, India Cements, LIC Housing Finance, and Tata Steel are among those that are due to report their earnings later in the day.

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Indian benchmark indices — Sensex and Nifty — are likely to open marginally higher in the trading session of October 31, following an overnight rise in equities on Wall Street. Asian markets, meanwhile, were subdued ahead of the Bank of Japan's (BOJ) policy decision.

India's GIFT Nifty was down 0.05% at 19,216 as of 7:32 a.m. IST, but still above the Nifty 50's Monday close of 19,140.90.

Wall Street equities gained over a percent each overnight, ahead of the US Federal Reserve policy meeting and US monthly jobs data due later this week. Asian markets were muted amid expectations that the BOJ will raise its inflation forecasts and tweak its bond yield control in a higher-for-longer global interest rate scenario.

For the domestic market, it seems the market may continue the momentum that it had over the trading session on October 27. In the previous trading session, the Indian market started off lower due to global jitters but recovered all losses led by Reliance Industries and HDFC Bank, among others.

Stocks to watch: Tata Motors, Marico, DLF, Oberoi Realty

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Indian benchmark indices — Sensex and Nifty 50 — are likely to open marginally higher in the trading session of October 30. In the previous session, the domestic market had logged its worst week in over a month.

As of 8:06 am, India's GIFT Nifty was trading at 19,092, marking a 0.34% increase from the Nifty 50's closing figure on October 27, which stood at 19,047.25. While the Asian markets exhibited a subdued performance, it was partially attributed to the ongoing conflict in the Middle East.

On the global front, Wall Street witnessed a decline in equities during the previous session, with data revealing that US inflation had remained at elevated levels throughout September.

Among stocks to track in the domestic market, investors await market reaction to the quarterly results of Reliance Industries. The oil-to-telecom conglomerate posted a weaker-than-expected quarterly profit, as a slide in revenue from fuel sales hurt its mainstay oil-to-chemicals business.

Additionally, foreign institutional investors (FIIs) were net sellers of shares worth Rs 15 billion on October 27, while domestic institutional investors (DIIs) made net purchases of shares worth Rs 3.14 billion.

Some of the key stocks to monitor include Dr. Reddy’s, SBI Card, Bharat Petroleum, and Mahindra & Mahindra Financial Services.

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Indian benchmark indices — Sensex and Nifty 50 —  are set to open higher on October 27, after logging losses over the last six sessions as US treasury yields retreated following weaker-than-expected inflation data.

India's GIFT Nifty was up 0.42% at 18,991.50 as of 8:11 a.m. IST, more than 100 points above the Nifty 50's Thursday close of 18,857.25.

The Nifty 50 and Sensex have lost nearly 5% each over the last six sessions, settling at near four-month lows on October 26. This week, the Nifty is down 3.51%, on course for the worst week in 16 months.

Asian markets rose in morning trade, with the MSCI Asia ex-Japan index adding 0.8%. Wall Street, meanwhile, equities closed lower overnight on mixed economic data and weak earnings.

Brent crude futures hovered around $88.50 per barrel, after sliding in the previous session. Crude prices have been volatile since the Israel-Hamas clashes began. Brent Crude rose from $84.50 on Oct. 6 to $93 per barrel on October 20, before easing over the last week.

Stocks to watch: Reliance Industries, Cipla, Dr Reddy's Laboratories, Maruti Suzuki India, SBI Life Insurance, Bajaj Finserv.

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