Stock Market: Opening Bell

6 Things to Know Before Market Opens on October 29, 2024

On October 29, 2024, the Indian benchmark indices are expected to start positively, followed by positive cues from the global markets.

On Tuesday, the benchmark indices, Sensex and Nifty 50 are likely to open higher following positive cues from global markets.

Previous Trading Session

On October 28, 2024, the Sensex grew by 0.76%, closing at 80,005.04, while the Nifty 50 increased by 0.65%, ending at 24,339.15.

FII and DIIs

On Monday, DIIs bought securities worth ₹12,258.32 crore, while FIIs sold securities worth ₹16,621.38 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 0.85 in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Oil Prices

Crude oil prices stabilised after a 6% dip in the previous session, as the market turned its attention to developments in the Middle East and upcoming U.S. economic data. Brent crude rose by 0.59% to $71.84 per barrel, while U.S. WTI crude futures grew by 0.61% to $67.79.

Asian Markets

Asian markets had a mixed performance on Tuesday. Japan’s Nikkei 225 remained unchanged, while the Topix gained 0.3%. South Korea’s Kospi declined by 0.4%, and the Kosdaq dropped by 0.41%. Futures for Hong Kong’s Hang Seng index pointed to a higher opening.

US Markets

On Monday, the U.S. stock market closed higher in anticipation of a busy week of earnings reports from major companies. The Dow Jones Industrial Average grew by 273.17 points, or 0.65%, to reach 42,387.57. The S&P 500 rose by 15.4 points, or 0.27%, to 5,823.52, while the Nasdaq Composite increased by 48.58 points, or 0.26%, to close at 18,567.19.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

6 Things to Note Before Market Opens on October 30, 2024

On Wednesday, October 30, 2024, the benchmark indices, Sensex and Nifty 50 are expected to open on a weak note followed by mixed cues from global markets. At 08:09 AM, Gift Nifty was trading down by 0.06% at 24,434.50.

Previous Trading Session

On October 29, 2024, the Sensex grew by 0.45%, to close at 80,369.03, while the Nifty 50 rose 0.52%, ending at 24,466.85.

FII and DIIs

On Tuesday, DIIs bought securities worth ₹12,823.77 crore, while FIIs sold securities worth ₹16,057.19 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 0.93 in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Oil Prices

On Tuesday, Crude oil prices steadied after two consecutive days of losses, with Brent crude futures edging up by 0.18% to $71.25 per barrel, and US WTI crude futures rising 0.22% to $67.36 per barrel.

Asian Markets

Asian markets showed mixed performance on Wednesday, mirroring the overnight trend on Wall Street. Japan’s Nikkei 225 started with a 0.8% gain, and the Topix grew by 0.6%. South Korea’s Kospi slipped 0.5%, and the Kosdaq declined 0.4%. Meanwhile, Hong Kong’s Hang Seng index signalled a positive opening.

US Markets

The US stock market closed mixed on Tuesday. The Nasdaq achieved a record-high close as investors weighed various corporate earnings and anticipated results from Alphabet. The Dow Jones Industrial Average dropped by 0.36% to 42,233.05, while the S&P 500 added 9.45 points to finish at 5,832.97. The Nasdaq Composite grew by 0.78% closing at 18,712.75, surpassing its previous record close from July.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

6 Things to Note Before Market Opens on October 31, 2024

On Thursday, October 31, 2024, the benchmark indices, Sensex and Nifty 50 are likely to get impacted followed by mixed performance from global markets. At 07:39 AM, Gift Nifty was trading down by 0.12% at 24,414.00.

Previous Trading Session

On October 30, 2024, Wednesday, the Sensex declined by 0.53%, to close at 79,942.18, while the Nifty 50 dropped by 0.51%, lower at 24,340.85.

FII and DIIs

On October 30, 2024, DIIs bought securities worth ₹13,594.06 crore, while FIIs sold securities worth ₹19,522.24 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 0.80 in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Oil Prices

On Wednesday, Brent crude futures gained 2.01%, settling at $72.55 per barrel, while U.S. WTI crude grew by 2.08%, to close at $68.61.

Asian Markets

Asian markets showed mixed performance on Thursday. Hong Kong’s Hang Seng index led gains in the region, rising by 0.19%. In contrast, Japan’s Nikkei 225 dropped by 0.47%, with the broader Topix down 0.49%. South Korea’s Kospi led regional declines, falling 1.24%, while the small-cap Kosdaq slipped by 0.20%.

US Markets

U.S. stock markets closed lower on Wednesday. The Dow Jones Industrial Average declined 91.51 points, or 0.22%, to 42,141.54. The S&P 500 dropped 19.25 points, or 0.33%, to 5,813.67, and the Nasdaq Composite lost 104.82 points, or 0.56%, ending at 18,607.93.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

6 Things to Know Before Market Opens on November 4, 2024

India’s Sensex and Nifty 50 indices are expected to open on a cautious note on November 4, 2024, with global markets providing mixed signals.

Asian markets show varied performances, while U.S. markets ended last week positively, driven by strong earnings from Amazon. However, the U.S. Presidential Election and upcoming Federal Reserve policy decisions are creating uncertainty. Following the latest U.S. jobs data, investors are largely anticipating a 25 basis-point rate cut by the Federal Reserve this month.

Previous Trading Session

In India, markets gained during Friday’s Diwali Muhurat trading, with the Sensex up 335.06 points (0.42%) to 79,724.12 and the Nifty 50 rising by 99.00 points (0.41%) to close at 24,304.35.

FII and DII Activity

On November 1, 2024, Domestic Institutional Investors (DIIs) purchased ₹50.09 crore in securities, while Foreign Institutional Investors (FIIs) sold ₹280.72 crore worth of securities.

Put-Call Ratio (PCR)

The Nifty’s PCR moved to 0.82 in the last session. Typically, a PCR below 0.7 signals a bearish trend, while a ratio above 0.7 indicates positive sentiment. A rising PCR above 0.7 or nearing 1 usually reflects a bullish stance in the market as traders sell more Put options than Calls. When PCR falls below 0.7, it indicates more Call option selling, hinting at a bearish outlook.

Oil Prices

Crude oil prices rose as OPEC postponed its planned production increase by a month, with escalating tensions in the Middle East also contributing to the price hike. Brent crude increased 1.55% to $74.23 per barrel, and U.S. West Texas Intermediate (WTI) crude gained 1.63%, reaching $70.62.

Asian Markets

Asian markets reflected Wall Street’s gains from last week, with investors eyeing the upcoming U.S. Presidential Election and Federal Reserve rate decision. Japan’s markets were closed for a holiday. South Korea’s Kospi rose 0.96%, and the Kosdaq increased by 2.24%. Hong Kong’s Hang Seng futures indicated a lower opening, while Taiwan’s Weighted Index edged up by 0.27%.

U.S. Markets

The U.S. stock market closed higher on Friday as Amazon’s strong earnings countered a slowdown in U.S. job growth for October. The Dow Jones Industrial Average rose by 288.73 points (0.69%) to 42,052.19, the S&P 500 increased by 23.35 points (0.41%) to 5,728.80, and the Nasdaq Composite gained 144.77 points (0.80%) to close at 18,239.92.

Disclaimer: This article is solely for educational purposes. The securities mentioned are examples, not recommendations. Information is based on secondary sources and may change. Consult a financial expert before making any related decisions.

6 Things to Know Before Market Opens on November 05, 2024

The Indian stock market is likely to be impacted on November 5, 2024, by a cautious global outlook due to the upcoming U.S. Presidential Election and the U.S. Federal Reserve’s policy meeting later this week.

Previous Trading Session

On November 4, 2024, the Indian markets saw significant declines, with the Sensex and Nifty 50 both dropping over 1% amid broad-based selling. The Sensex fell by 941.88 points (1.18%) to close at 78,782.24, while the Nifty 50 lost 309.00 points (1.27%) to end at 23,995.35.

FII and DII Activity

On November 4, 2024, foreign institutional investors (FIIs) sold Indian equities worth ₹4,329.79 crore, while domestic institutional investors (DIIs) made net purchases totalling ₹2,936.08 crore, according to exchange data.

Put Call Ratio (PCR)

The Nifty’s PCR shifted to 0.62 in the last session. A PCR below 0.7 or trending toward 0.5 generally indicates a bearish trend, whereas a PCR above 0.7 or nearing 1 signals positive sentiment.

  • When the PCR rises above 0.7 or approaches 1, it suggests that more Put options are being sold than Calls, which often points to a bullish sentiment.
  • If the ratio dips below 0.7 or moves toward 0.5, it indicates a higher volume of Call options selling compared to Put options, which reflects bearish market sentiment.

Oil Prices

Crude oil prices held steady after a nearly 3% increase on Monday, prompted by OPEC’s delay in raising production and rising tensions in the Middle East. Brent crude rose by 2.71% to $75.08 per barrel, while U.S. West Texas Intermediate (WTI) futures edged down by 0.10% to $71.40 per barrel.

Asian Markets

Asian markets showed mixed performance on Tuesday as Wall Street’s decline left investors focused on the U.S. election and possible interest rate cuts from the Fed this week.

  • Japan’s Nikkei 225 gained 0.68%, while the Topix added 0.33%.
  • South Korea’s Kospi dropped 0.67%, while the Kosdaq rose slightly by 0.25%.
  • Hong Kong’s Hang Seng index futures indicated a mildly positive opening.

U.S. Markets

The U.S. stock market finished lower on Monday as investors prepared for the presidential election and Federal Reserve policy update later in the week.

  • The Dow Jones dropped 257.59 points (0.61%) to 41,794.60, the S&P 500 fell 16.11 points (0.28%) to 5,712.69, and the Nasdaq Composite closed down 59.93 points (0.33%) at 18,179.98.

Disclaimer: This content is intended solely for educational purposes. The securities mentioned are examples and are not recommendations. Information is sourced from various online sources and may change. Please consult a financial expert before making any related decisions.

6 Things to Know Before Market Opens on November 06, 2024

The Indian stock market is anticipated to be unpredictable on Wednesday, influenced by varied global cues as the 2024 US election results are awaited. Asian markets showed gains, while the US market rallied overnight amidst tight presidential election voting.

Previous Trading Session

On Tuesday, Indian markets saw a strong recovery, ending significantly higher due to gains in metal and banking stocks. The Sensex rose 694.39 points (0.88%) to close at 79,476.63, while the Nifty 50 added 217.95 points (0.91%) to finish at 24,213.30.

FII and DIIs

On November 05, 2024, foreign institutional investors (FIIs) sold Indian shares worth ₹14,420.88 crore, while domestic institutional investors (DIIs) made net purchases of ₹12,616.72 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 0.76 in the previous session. A PCR ratio below 0.7 or approaching 0.5 indicates a bearish trend, while a ratio above 0.7 or nearing 1 signals a positive market sentiment.

An increasing PCR above 0.7 or close to 1 typically shows more Put options being sold than Call options, suggesting a strengthening bullish trend. Conversely, a PCR below 0.7 or nearing 0.5 indicates more Call options are being sold than Put options, pointing to a bearish outlook.

Gold Prices

Gold prices held steady as investors awaited the US election results and focused on the upcoming Federal Reserve meeting. Spot gold fell by 0.2% to $2,738.89 per ounce, while US gold futures inched down 0.1% to $2,747.80.

Asian Markets

Asian markets rose on Wednesday, following Wall Street’s rally the night before as investors awaited the US presidential election results.

Japan’s Nikkei 225 climbed 0.7%, with the Topix up 0.4%. South Korea’s Kospi gained 0.2%, and the Kosdaq increased by 0.7%. However, Hong Kong’s Hang Seng index futures indicated a lower opening.

US Markets

The US stock market saw substantial gains on Tuesday as investors braced for potential swings with voting underway in a close presidential election.

The Dow Jones Industrial Average rose by 427.28 points (1.02%) to close at 42,221.88. The S&P 500 added 70.07 points (1.23%) to reach 5,782.76, while the Nasdaq Composite increased by 259.19 points (1.43%) to finish at 18,439.17.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

6 Things to Know Before the Market Opens on November 07, 2024

On November 07, the Indian stock market will likely be impacted as global markets react to Donald Trump’s win in the 2024 US presidential election. Gift Nifty was trading around 24,440, which is approximately 150 points below the last close of Nifty futures.

Previous Trading Session

On Wednesday, the Indian market saw strong gains, with major indices up by over 1% as Trump’s lead boosted sentiment:

  • Sensex: Increased by 901.50 points (1.13%), closing at 80,378.13.
  • Nifty 50: Climbed by 270.75 points (1.12%) to finish at 24,484.05.
    Investors felt optimistic, seeing Trump’s lead as a potential stabilizing factor for US-India economic relations.

FII and DII Activity

On November 5, foreign institutional investors (FIIs) sold Indian shares worth ₹16,357.49 crore, while domestic institutional investors (DIIs) purchased shares valued at ₹16,061.64 crore.

Put-Call Ratio (PCR)

Nifty’s PCR rose to 0.85 in the previous session. A PCR above 0.7 or near 1 signals a bullish outlook, as traders sell more Put than Call options. Conversely, a PCR below 0.7 or near 0.5 suggests a bearish trend as Call option selling becomes more prevalent.

Gold and Oil Prices

Gold prices remained mostly flat on Thursday as the dollar strengthened after Trump’s victory. Spot gold held steady at $2,663.02 per ounce, while US gold futures dipped 0.2% to $2,670.40.

Meanwhile, crude oil prices were steady as traders evaluated the impact of Trump’s win alongside an increase in US crude inventories. Brent crude rose 0.33% to $75.17 per barrel, while WTI crude gained 0.26% to reach $71.88.

Asian Markets

Asian markets were mixed on Thursday after Trump’s election. Japan’s Topix rose 0.61%, while the Nikkei 225 fell 0.62%. South Korea’s Kospi dropped 0.2%, and the Kosdaq slid 0.78%. Futures indicated a weaker open for Hong Kong’s Hang Seng index.

US Markets

US markets rallied to record highs on Wednesday after Trump’s 2024 victory:

  • Dow Jones: Soared by 1,508.05 points (3.57%) to 43,729.93.
  • S&P 500: Increased by 146.28 points (2.53%) to 5,929.04.
  • Nasdaq Composite: Gained 544.29 points (2.95%) to close at 18,983.47.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

6 Things to Know Before the Market Opens on November 08, 2024

On November 08, 2024, the Sensex and Nifty 50 are likely to be impacted, driven by positive signals from global markets. Asian markets have shown gains, and the US stock market closed with record highs for the S&P 500 and Nasdaq.

Wall Street was boosted by the US Federal Reserve’s recent 25 basis point rate cut and the US election results, with Donald Trump set to return as president. This helped sustain investor optimism and supported the rally.

Previous Trading Session

On November 07, the Indian stock market experienced a notable dip as enthusiasm from the initial “Trump trade” rally faded. Sensex dropped 836.34 points (1.04%) to 79,541.79, and the Nifty 50 declined 284.70 points (1.16%) to 24,199.35.

FII and DIIs

On November 07, 2024, DIIs purchased ₹11,374.43 crore worth of securities, while FIIs offloaded securities worth ₹16,624.84 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 0.61 in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Gold Prices

Gold prices edged up on Friday, with spot gold rising 0.1% to $2,708.89 per ounce, though down almost 1% for the week. US gold futures also increased by 0.4% to $2,716.4.

Asian Markets

Asian markets opened higher on Friday, tracking the Wall Street rally.

Japan’s Nikkei 225 rose 0.74%, Topix added 0.49%, South Korea’s Kospi increased nearly 1%, and the Kosdaq surged 1.71%. Hong Kong’s Hang Seng futures signalled a positive opening.

US Markets

The US stock market finished on a high note Thursday, lifted by the Fed’s interest rate cut and further boosted by Donald Trump’s presidential win.

The Dow Jones closed flat at 43,729.34, while the S&P 500 gained 0.74% to close at 5,973.10, and the Nasdaq Composite added 1.51% to finish at 19,269.46.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.