Finance
Today’s Stock Market News | Sensex, Nifty, and Share Prices Highlights: The benchmark equity indices finished the first trading day of the week in the red. The NSE Nifty 50 down 0.10% to 19,731.75, while the BSE Sensex dropped 115.81 points to 66,166.93. Among the larger indices, the Nifty 100 and Nifty 200 fell slightly, while Midcap and Smallcap stocks rose. The Bank Nifty index fell 62.05 points, or 0.14%, to 44,225.90. Pharma, Media, FMCG, Realty, and Healthcare indexes all finished in the red, while Metal, PSU Bank, and Auto stocks all gained.
“Crude oil prices seen easing on Monday with WTI November futures trade $86/b as the large-scale ground assault has not begun after the 24-hour deadline that Israel first notified residents of the northern half of Gaza to flee to the south. Outlook: we expect Chinese economy to stabilize in coming months that is a big positive for overall demand for industrial commodities. In short term prices could vary in either direction but given the resilient US economy and supply tightness by OPEC+ we expect crude oil to remain buy on dip counter. Crude oil prices are likely to trade in the range of $83-$88,” said Mohammed Imran, Research Analyst at Sharekhan by BNP Paribas.
Tata Motors, HDFC BAank, GSFC, MMTC and Fertilisers & Chemicals Travancore are among the most active stocks on the NSE during the intra-day trade on Monday.
HCL Tech, LTIMindtree, ONGC, Coal India and Hero MotoCorp are among the top gainers on the NSE during the intra-day trade on Monday.
Nestle India, Divi’s Labs, Grasim Industries, Asian Paints, and IndusInd Bank are among the top losers on the NSE during the intra-day trade on Monday.
“COMEX Gold prices saw a weekly gain of more than 3% and closed at $1941.5 per troy ounce during the previous week, as dovish comments from Fed officials coupled with heightened geo-political tensions proved to be the perfect bullish cocktail for the yellow metal. US CPI data showed that the headline inflation rose 0.4% m/m (3.7% y/y and slightly higher than expectations), while core inflation rose 0.3% m/m (4.1% y/y as expected) in September. Meanwhile, September FOMC minutes were also less hawkish than expected. US and allies are focusing on negotiations and any de-escalation might weigh down on prices,” said Ravindra Rao, CMT, EPAT, VP-Head Commodity Research, Kotak Securities.
WTI crude prices are trading at $87.43, down 0.36%, while Brent crude prices are trading at $90.68, down 0.23%, on Monday morning.
Wall Street’s major indexes ended broadly in the negative territory on Friday as Investors monitored news from the Middle East. The tech-heavy Nasdaq Composite plunged 166.99 points, or 1.23%, to 13,407.23. The S&P 500 fell 21.83 points, or 0.50%, at 4,327.78, while the Dow Jones Industrial Average added 39.15 points, or 0.12%, to 33,670.29.
