U.S. stocks ended in record territory on Wednesday after the Federal Reserve delivered a 25 basis point interest-rate cut that investors had been expecting, helping to keep the postelection rally alive. Stocks hit fresh all-time highs, climbing alongside bonds and commodities.

The Federal Reserve on Thursday voted to cut its benchmark interest rate by quarter-percentage point to a range of 4.5%-4.75%.

In advance of the Fed, the Bank of England cut interest rates by a quarter point on Thursday for only the second time since 2020.

Investors rushed into exchange-funds after Donald Trump won the race to become the 47th president of the U.S., particularly seeking exposure to the country's stock market. A "monumental" $22 billion flowed into U.S.-listed ETFs on Wednesday.

China’s exports in October rose at their fastest pace in 19 months, sharply beating analysts’ estimates.

Wipro announces Strategic Partnership with RELEX Solutions

Macrotech Developers to acquire Bain Capital’s stake in digital infra firms for Rs 307 cr

Cyient DLM Wins Long Term Deal with Honeywell Aerospace Technologies to Provide Aircraft Cooling Technology

Asian equities climbed Friday after stocks, bonds and commodities all rallied in the US as the Federal Reserve cut interest rates. Investors will be watching the final day of China’s National People’s Congress, which is expected to announce fiscal stimulus to support the world’s second-largest economy.

Nifty 50 snapped a two–day rally on Nov 07 and settled over 1% lower as Indian markets started pricing in the effects of Donald Trump winning the US election on emerging markets' financial assets, which weighed on the risk-on sentiments. Indian Rupee continued to weaken even as the USD gave up some gains made on the previous day.

Nifty is not able to break sustainably out of the 24000-24500 band. A breach of this band could result in a move in that direction. 23680-23800 could be the next support band in case of a downward breach.

Indian markets could open flat to mildly higher, in line with higher Asian markets today and positive US markets on Nov 07

U.S. stocks ended lower on Monday after a choppy session, as investors await the too-close-to-call presidential election on Tuesday. US stocks failed to gain traction and bonds climbed, with polls continuing to depict a tight race in the US presidential election ahead of the Federal Reserve rate decision.

The HSBC India Manufacturing Purchasing Managers’ Index rose from September's eight-month low of 56.5 to 57.5 in October, indicating a substantial and accelerated improvement in operating conditions.

China's services activity expanded at the fastest pace in three months in October, helped by early signs that Beijing's big stimulus push was helping improve business conditions, a private-sector survey showed on Tuesday. The Caixin (PMI) grew to 52.0 in October from 50.3 the previous month.

Asia-Pacific markets traded mostly higher on Tuesday as investors prepared for the U.S. presidential election and a possible interest rate cut from the Federal Reserve later this week.

In the stock specific news

Coal India Ltd (CIL) to prioritize increasing coal production and supply to curb imports.

Bandhan Financial Services acquires global IT company Genisys

JK Paper Q2FY25 -Overall numbers were lower than expectations

Nifty closed with a loss of 309 points or 1.27% at 23995 on Nov 04. Nifty broke below the previous swing low of 24073 and 23893, made on 25th October 2024 and 5th August 2024 respectively. Trend of the Nifty remains down as it is placed below 10,20,50 and 100 days EMA. Immediate support for Nifty is seen at 23816, below which it could further fall to 23502. On the higher side 24300 is expected to act as a stiff resistance.

Indian benchmark indices Sensex and Nifty ended on a strong note on special Muhurat trading session for Samvat 2081 on November 1. A broad-based buying was seen across all sectors, led by auto pack, reacting to their strong October sales figures. At close, the Sensex was up 335.06 points or 0.42 percent at 79,724.12, and the Nifty was up 99 points or 0.41 percent at 24,304.30.

U.S. stocks closed higher on Friday, but off the session's high, with the S&P 500 and Dow Jones Industrial Average reporting a back-to-back weekly loss ahead of the Nov. 5 presidential election. Rising bond yields have been a concern in the run-up to the election, which remained too close to call on Friday and might take days or weeks to decide.

The US jobs report released Friday showed the U.S. economy added just 12,000 jobs in October, far below the Dow Jones estimate of 100,000. This marked the weakest level of jobs creation since December 2020. The unemployment rate held at 4.1%, in line with estimates.

Goods and Services Tax collections in India rose to a six-month high of Rs 1.87 lakh crore in October, staying above the Rs 1.7 lakh crore mark for the eighth consecutive month, data released on November 1 showed.

Asia-Pacific markets (with Japan out for a holiday) rose Monday as investors geared up for a busy week that includes the U.S. presidential election and the Federal Reserve’s monetary policy meeting. China's National People's Congress (NPC) standing committee meets from Nov. 4 to Nov. 8, which will be closely watched for further details of a raft of stimulus measures that were announced recently.

DLF to develop ultra-luxury housing project worth Rs 8,000 crore in Gurugram

Apollo Hospitals to add 3,512 beds, invest Rs 6,100 crore in four years

Azad Engineering signed a long term contract with Mitsubishi Heavy Industries

Nifty formed a reasonable bear candle on October 31 but the Muhurat trading session on Saturday helped the Nifty to show a positive candle on weekly charts after four weeks of fall. On weekly charts it has formed a small doji type candle in a sideways manner. Whether this signifies a possible upside reversal or a continuation pattern will be clear next weekend after the two big events. Nifty could now take support from 23893 while facing resistance from the 24492-24567 band over the near term. Indian markets could open flat to mildly lower, despite mildly higher Asian markets today and positive US markets on Nov 01