US election trends have infused IT stocks. The Nifty IT has gained over 3 percent.
11 : 50AM
Fall in gold
Gold has slipped below $ 1,900 on Comex. Gold on MCX is close to the Rs 51,000 level. Gold appears to be weak before the presidential election results in the US. Trump and Biden are seen in the match of the cut. The dollar looks strong before the US election results. The dollar index is showing an upper level of around 5 months.
11 : 35AM
Sharp fall in silver
Silver has slipped below Rs 62,000 on MCX. Comex is trading below 24 in silver. Silver has been under pressure due to strong dollar. The dollar index is at a near 5-month high.
11 : 30AM
Crude boom
There is a lot of action in the commodity market before the presidential election in America. On the one hand, there is a great recovery in the kud. Crude oil is getting support in the US due to decreasing inventories. At the same time, Russia is in favor of increasing production cuts, which is also supporting prices.
Also Read: Sensex gained 150 points, Nifty gained 50 points
11 : 25AM
Weakness in metals
Metals are under pressure due to strong dollar. Copper has slipped from the upper level of 1 week. However, China’s demand is getting support at a lower level. Reduced Chilean production is also supporting this.
11 : 20AM
NMDC has increased the price of Lump Ore 150 by Rs. 3600 per tonne.
11 : 15AM
October service PMI has increased from 49.8 in September to 54.1. At the same time, the composite PMI has increased to 58 from 54.6 in September.
1 0:50 AM
ASAHI INDIA Q2 (YoY): Profits have increased from Rs 29 crores to Rs 37 crores. At the same time, income has been reduced from Rs 646 crore to Rs 639 crore.
1 0:35 AM
US election trends have infused IT stocks. The Nifty IT has gained over 3 percent. TCS has reached the height of 2 weeks. TECH MAHINDRA, WIRPO and INFOSYS are seeing a 3 to 4 percent rise.
1 0:30 AM
After a good start, the market has lightened from the upper levels. The Nifty slipped nearly 60 points from the day’s height. Nifty Bank is also showing a decline of 250 points.
10:25 AM
PVR’s superhit performance is seen after better than expected results. The stock has risen 8%. Shares such as INOX LEISURE, MUKTA ARTS have also gained momentum with the news of opening of theaters in Maharashtra from Friday.
09:45 AM
TVS MOTOR has tied up with the Philippines company PILIPINAS SHELL PETROLEUM CORPORATION.
09:40 AM
North America Class 8 Truck sales rose 83 percent year-on-year in October. At the same time, it has seen an increase of 26 percent on a month-on-month basis.
09:25 AM
Indian markets have started with a rapid pace today amid mixed global signals. The Sensex is seeing a gain of about 190 points. Today, there is a rise in the midcap stocks as well as the big stocks. The midcap index of BSE is trading at 0.50 per cent. Smallcap shares are also seen buying. The BSE Smallcap index is trading up 0.46 per cent. Oil-gas stocks are also seen rising today. The BSE Oil and Gas Index is trading up 0.16 per cent.
Currently, the 30-share BSE Sensex is trading around 40,455 with a gain of about 190 points ie 0.50 per cent. On the other hand, NSE Nifty, the 50-share major index, is trading around 11845 with a gain of about 35 points ie 0.30%.
08:35 AM
Global signs mix
A historic rally was witnessed in the US market on election day. The DOW closed at 555 points yesterday. Nasdaq also saw an increase of 203 points. Traders expect a big package after the US election. Here, gold and crude oil are also seeing good growth. A fall in VIX means traders expect a clear majority. However, there is a pressure of about 50 points on DOW FUTURES today. There is mixed business in Asia. SGX NIFTY is down 0.45 percent.
Waiting for the initial trend of presidential election in America
The initial trend of the presidential election in America is awaited. Voting for the presidential election is almost complete. Counting of votes has also started. Election results will come tomorrow. There is a close fight between Trump and Biden.
Strategy on nifty
Virendra Kumar of CNBC-Awaaz says that its registration zone is 11915-11939. The larger registration zone is 11970-11970. The base zone is 11750–11720. The large base zone is 11690–11700. Buy in the fall to 11690-11720, hold 11900 calls. The figures for FIIs are strong. The index has a bullish outlook. Base came in at 11750-800, showing 11970 in figures.
Strategy on nifty bank
Virendra Kumar says that its registration zone is 25900-26000. The larger registration zone is 26200-26244. The base zone is 25480-25440. The larger base zone is 25108-25000. The new long position will depend on the level of the opening. A trading zone between 25400-26200 is visible. Call writers came out from 25900-26200, put base is 25000-400. Looks up to 26200-400.
Know today’s trading calls
Hem Securities
Buy ramco cement at 824 stp 780 trg 884
Samarth capital
Buy titan Tgt 1260 Sl 1180
Angel broking
Buy Tata Motors SL 130 Tgt 142
Multiplex companies will see boom today, theaters will open in Maharashtra from Friday!
Today, multiplex companies can see stormy rise. Approval to open theaters in Maharashtra from Friday. According to reports, the state government can issue orders today.
Corona’s speed started decreasing
The speed of the corona has started decreasing. For the last 7 weeks, there has been a trend of declining new cases. The recovery rate has also risen to around 92 per cent. But the concern about Delhi remains. More than 6 thousand new cases were reported yesterday.
Sunrisers Hyderabad reached the IPL playoffs
Sunrisers Hyderabad reached the IPL playoffs. It defeated Mumbai Indians by 10 wickets.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
