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Stock Market Today
The markets had a strong start to the week Sensex Today 01 Nov 2022, rising more than 1% as they followed reliable global cues. The Nifty began the day with a gap-up, then traded in a constrained range for the majority of the day before buying in the last hour allowed the index to recapture 18,000 levels. Healthy purchasing was seen in all sectors, although the overall indexes are still trading mixed.
The markets are continuing to see a comeback thanks to the optimism in local and international markets, particularly in the US. Additionally, we anticipate the Nifty to pick up steam above the 18,100 barriers. Participants should stay with the trend by avoiding contrarian transactions and searching for purchasing opportunities whenever prices decline.
Sensex Today 1 Nov 2022
The BSE Sensex Today 01 Nov 2022 increased by 786.74 points (1.31%) to finish at 60,746.59. The Sensex Today 01 Nov 2022 crossed the 60K mark for the fifth time since hitting its record high in October of last year and for the third consecutive month. Although mostly influenced by second-quarter results, major supports just below the 60K levels encourage domestic investors. On the other hand, it also represents the Indian market’s preparedness to expand once it successfully exceeds the 60K level.
Nifty50
The Nifty 50 increased by 225.40 points (1.27%) to close at 18,012.20. On the daily chart, the Nifty has increased following a breakthrough from consolidation, indicating an increase in confidence. The index has maintained above the significant moving average on a daily timescale, supporting the recent advance. The trend may continue to be favorable in the near future. Support may be seen at 17850/17700 on the lower end, and resistance can be seen at 18100/18300 on the upper end.
Bank Nifty
The Bank Nifty index saw sideways consolidation and was trapped between 41,000 and 41,500, where heavy put and call writing activity was seen. The undertone is still optimistic, and once it crosses over 41,500, it will get more upward impetus into the 42,000 area.
Dow Jones Today
On Monday morning, the Dow Jones futures declined 175 points ahead of the last day of October. Investors are preparing for a significant week that will start with the two-day Federal Reserve meeting and end on Friday with the release of the Labor Department’s employment report.
The finest month for the Dow Jones Industrial Average in decades is anticipated. October had a 14.4% increase in the index, making it the strongest month for the index since 1976. In January 1976, the Dow had increased by 14.41%.
Nasdaq Index
The Nasdaq Composite fell 74.02 points, or 0.67%, to 11,028.43 at the opening bell. Investors will closely monitor Fed Chairman Jerome Powell’s remarks for any hints on potential future rises as the Fed is largely expected to increase interest rates by 75 basis points for the fourth consecutive time.
S and P 500
The S&P 500 began down by 19.21 points, or 0.49%, at 3,881.85. More than 150 S&P 500 firms, including Eli Lilly (NYSE:LLY), Pfizer (NYSE:PFE), Uber (NYSE:UBER), ConocoPhillips (NYSE:COP), Advanced Micro Devices (NASDAQ:AMD), and Qualcomm, will publish their quarterly results in the upcoming week as the quarterly earnings season continues (NASDAQ:QCOM).
Crude Oil Futures
The negative business activity report in China increased worries that a revival in domestic COVID-19 cases will continue to hurt demand from the world’s top crude importer, which led to a decline in oil prices on Monday.
As tight COVID controls dragged on economic activity, China’s imports of crude oil for the first three quarters of the year decreased 4.3% from the same time a year earlier – the first yearly loss for this period since at least 2014.
The local market responded favorably to Wall Street’s vigor, which was further aided by falling oil prices in the wake of dismal Chinese manufacturing statistics.
On the assumption that the Fed would make a signal that significant interest-rate rises would be scaled down, US markets rebounded from a tech sell-off. The conclusion of the Fed and RBI meeting this week will unquestionably influence the direction of the stock market.
Gold Silver Price
According to HDFC Securities, the price of gold in the nation’s capital dropped Rs 146 to Rs 50,612 per 10 kilos on Monday due to a decline in the price of precious metals on the international market as well as an increase in the value of the rupee. The price of 10 grammes of yellow gold had reached Rs 50,758 in the preceding transaction. Additionally, silver prices fell by Rs 794 to Rs 57,305 per kilogram. Silver was selling down at USD 19.08 per ounce while gold was trading lower at USD 1,641.8 per ounce on the global market.
Stock Market Today’s Top Gainers
The Top Gainers in Today’s Stock Market are
| ULTRACEMCO | 6713.35 | +4.18% |
| HDFC | 2469.75 | +2.89% |
| M&M | 1346.75 | +2.70% |
| SUNPHARMA | 1015.95 | +2.65% |
| HDFC BANK | 1496.40 | +2.60% |
Stock Market Today’s Top Losers
The Top Losers in Today’s Stock Market are
| DRREDDY | 101.55 | -2.54% |
| NTPC | 1047.95 | -2.53% |
| INDUSINDBK | 989.75 | -2.16% |
Overall World Stock Market
Prior to anticipated euro zone inflation data, Fed, BOE, and RBA rate hikes later this week, and as a result of Russia’s departure from a Ukrainian grain transit agreement, wheat and maize prices rose on Monday. This was followed by a decline in the major currencies and stocks throughout Europe.
The mining and oil and gas sectors saw 0.6% to 0.8% declines, which dragged down the regional STOXX 600 index as weaker-than-anticipated industrial data from China indicated the persistent downturn in that country.
While China equities were kept down by an unexpected decline in Chinese manufacturing data, MSCI’s broadest index of Asia-Pacific shares outside of Japan increased overnight by 0.2%, marking the region’s index’s ninth consecutive monthly decline.