Market News

Equity Market News: Domestic benchmark indices Nifty 50 and Sensex posted gains during a special one-hour muhurat trading session on Friday, November 1, to mark the Diwali festival, with the gain mainly driven by auto stocks after encouraging monthly sales figures. The Nifty 50 advanced 0.41% to 24,304.35, while the Sensex rose 0.42% to 79,724.12,…

Foreign Portfolio Investors (FPIs) continued their aggressive selling spree last week, leading to record-breaking monthly gross outflows of around $13.5 billion (₹1,13,859 crore) in October 2024, the highest ever in absolute terms. However, FPIs also invested ₹19,842 crore in the primary market, taking the total net outflow for October 2024 to a lower but still…

International crude oil prices rose last session on reports that Iran was preparing a retaliatory attack from Iraq on Israel in the coming days. Still, record U.S. crude production depressed oil prices ahead of the U.S. election and the U.S. Federal Reserve ruling in the coming week. Brent futures rose 29 cents, or 0.4 percent,…

Thanks to robust collection through new fund offerings and a steady market rally, the average assets under management of the country’s largest fund house, SBI Mutual Fund, rose 11 per cent to ₹10.99 lakh crore in the September quarter, up from ₹ 9.88 lakh crore in the June quarter. In fact, SBI MF is the…

Berkshire Hathaway Inc.’s cash pile rose to $325.2 billion in the third quarter, a record for the multinational conglomerate, after Chairman Warren Buffett continued to reduce some of his major stock holdings and refrained from major acquisitions. Berkshire Hathaway has renewed its stake in Tim Cook-led tech giant Apple Inc. phased out, the Omaha, Nebraska-based…

Gold, in dollar terms, fell 0.5 percent last week to close at $2,735 an ounce on Friday. Silver lost 3.9 percent to end the week at $32.4 per ounce. In the domestic market, gold futures (₹78,867 per 10 gram) rose 0.4 percent and silver futures (₹95,483 per kg) fell 1.7 percent. MCX Gold (₹78,867) Gold…

Dividend stocks: According to BSE, shares of major companies such as Dabur India, Coal India, Hindustan Unilever Ltd, Patanajali Foods and others will trade ex-dividend from Monday, November 4, 2024. According to BSE data, some of the major companies have announced various corporate actions including the extraordinary general meetings (EGM), bonus issuance and stock splits….

Crude oil prices have fallen over the past week. Brent crude oil futures on the Intercontinental Exchange (ICE) lost 3.9 percent to end the week at $73.1 per barrel. Similarly, crude oil futures on the MCX fell 0.9 per cent to close the week at ₹5,988 per barrel. Brent futures ($73.1) Brent Crude futures recovered…

Foreign portfolio investors (FPIs) extended their robust selling streak in the Indian market, making a sharp turnaround to become net sellers in October amid ongoing geopolitical tensions and cheaper valuations in the Chinese stock market. This comes after an aggressive buying streak recorded in September, when FPI inflows hit year-to-date (YTD) highs and a nine-month…

I own shares of Infibeam Avenues. My purchase price is ₹42. Should I continue to hold or close at a loss? Rahul Infibeam Avenue (€29.25): The stock has fallen sharply from a high of ₹41 this year. On the chart, the bias is negative with strong resistance in the ₹32-34 area. As long as the…