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

U.S. stocks finished mostly higher on Tuesday, with the Nasdaq Composite scoring its 28th record close of the year, as investors prepared for quarterly earnings from Google parent Alphabet Inc. after the closing bell. Gold hit a fresh record early on Wednesday as Bitcoin traded near its all-time high.

Just about a week away from the Federal Reserve decision, data showed US job openings fell to the lowest since early 2021. .

The U.S. Federal Reserve will cut its key interest rate by 25 basis points on Nov. 7.

GlaxoSmithKline Pharma numbers were strong for the quarter.

Voltas Ltd reported more than two-fold jump in consolidated net profit

Marico Ltd reported an increase of 20.27% in consolidated net profit

Asia-Pacific markets were mixed Wednesday after key Wall Street benchmarks rose, with the Nasdaq Composite closing at a new record high as tech stocks gained.

Nifty extended its recovery for a second consecutive session on October 29 rebounding well from morning lows. Banks (including PSU Banks) did well for the second consecutive session. The short term trend of Nifty seems to have turned bullish. Nifty could take support from the 24073-24140 band while on upmoves it can face resistance in the 24567-24694 band in the near term.

Indian markets could open flat to mildly lower, in line with mostly lower Asian markets today and despite mostly higher US markets on Oct 29

U.S. stocks closed higher on Monday as Wall Street geared up for a busy week packed with quarterly earnings from megacap technology companies and the final stretch before the Nov. 5 presidential election,

Asian equities were mixed Tuesday as traders prepared for the US election and key economic data that will set the stage for the next Federal Reserve decision.

BPCL’s Russia oil intake share falls to 34% in September qurter

Airtel to split DTH and entertainment business

Prestige estae acquired land in bangaluru for Rs. 462 cr

Nifty snapped a five–day losing streak on October 28 as oversold conditions, lack of aggressive FPI selling,

Cash market volumes rose as Bank stocks seem to be coming back in favour. Nifty could now rise to face resistance at 24567, while the 24073-24135 band could offer support in the near term.

Sustenance of this upmove over the next few days will be crucial to lead to return of buying interest from all classes of investors.

Indian markets could open flat to mildly higher, in line with mixed Asian markets today and positive US markets on Oct 28

U.S. stocks closed mixed Friday as Treasury yields rose and investors weighed fresh economic data ahead of next week’s jobs report. Banks got hit as New York Community Bancorp tumbled 8.3% on a weaker outlook.

Russia’s central bank raised interest rate to 21% to fight inflation boosted by military spending.

Nvidia dethroned Apple as the world's most valuable company on Friday following a record-setting rally in the stock, powered by insatiable demand for its specialized artificial intelligence chips. Nvidia's stock market value briefly touched $3.53 trillion, slightly above Apple's $3.52 trillion.

UBS Global Wealth Management has raised its stance on global equities to "attractive" from "neutral", citing resilient U.S. economic growth, monetary policy easing by major central banks and an artificial intelligence (AI) boom.

ICICI bank recorded a standalone net profit growth of 14.4% YoY, aided by treasury gains despite higher provisions.

CDSL Revenue for the July-September quarter grew 55.4 per cent YoY to Rs 322 crore.

Krsnaa Diagnostics Revenue for the quarter grew 20% YoY , and net profit increased 87% YoY on back of Adj. EBITDA margin expansion of 660bps

Crude oil futures fell Sunday, after widely-anticipated Israeli airstrikes against Iran did not hit crucial oil facilities.

Japanese stocks rose strongly on Monday as the yen sank to a three-month low after Prime Minister Shigeru Ishiba's coalition lost its parliamentary majority. Other Asian markets were mostly in the green on Monday morning.

Nifty ended on a weak note on October 25 near two and half month lows despite the last hour bounce. It closed lower for the fourth consecutive week falling 2.71% over the week. Indian markets have fallen on all days of the week reeling under FPI selling pressure, weak Q2 results from most corporates and rising treasury yields in the US. Though a bounce in the markets is overdue, it needs reversal of selling pressure from FPIs and some sentiment stability in the local investor community. Nifty could now take support from 23892 while 24378 could prove to be tough to breach on the up in the near term.

Indian markets could open flat to mildly higher, in line with mostly higher Asian markets today and mixed US markets on Oct 25

U.S. stocks closed mixed on Thursday, with the blue-chip Dow extending its losing streak to a fourth straight session and the S&P 500 edging higher as Tesla shares surged. A gauge of the “Magnificent Seven” hit a three-month high, with Tesla Inc. up 22% in its biggest rally since May 2013.

In Japan, Governor Kazuo Ueda signaled the central bank won’t hike interest rates next week, with almost all BOJ watchers already expecting no policy shift this month.

Reliance and Nvidia are partnering to build AI infra in India

NLC India forms joint ventures with rajasthan for power capacity expansion

Gujarat Fluorochem EV Division Secures INR 1k cr for Expansion

Major Asian equity benchmarks were split between gains and losses Friday after Wall Street rallied for the first time this week as Tesla Inc. shares jumped.

Nifty settled at over two–month low on October 24 falling for a third consecutive session as earning reports failed to uplift investors' sentiment. Nifty witnessed a 139-point high-low range with volumes falling 17% compared to the previous session. This suggests that constant selling pressure could be close to an end for the time being. Nifty could bounce back and run into resistance in the 24568-24604 band while 24196 could provide support for the near term.

The Dow Jones and S&P 500 finished lower for a third straight session, joined by the Nasdaq on Wednesday as investors agonized about rising Treasury yields and the possible outcome of the Nov. 5 presidential election. Big tech climbed in after hours as Tesla Inc. kicked off the “Magnificent Seven” earnings season with solid results.

Benchmark 10-year U.S. Treasury yields reached a three-month high with investors reassessing the Fed rate-cut outlook over the next few months against the backdrop of strong economic data and the upcoming presidential election.

U.S. home sales fell to the lowest level in 14 years, as high home prices and uncertainty over the upcoming presidential election spooked home buyers.

Asia-Pacific markets were mixed Thursday after U.S. stocks dropped overnight, with the Dow Jones Industrial Average posting its worst day in more than a month.

Sona Comstar to acquire Escorts Kubota’s Railways Equipment Division for Rs 1600 crore

KEC International won orders worth Rs. 1,142 crore

Adani Power board to mull raising up to rs 5,000 crore

Nifty fell for a third consecutive session on October 23 to end at its lowest level in more than 2 months. Nifty weakened marginally after a smaller range day as the latest release of corporate earnings were better than the earlier ones. Global markets remained pressured by a rising dollar, lower global growth forecast by the IMF, uncertainty around the US elections, rising geopolitical tensions and the prospect of a less aggressive US Fed in cutting rates. Nifty needs to move above 24604 to signal bullishness. On falls 24347-24367 band could offer support

Indian markets could open flat to mildly higher, in line with mixed Asian markets today and despite negative US markets on Oct 23