Stock Market Live Updates: Sensex soars over 1,300 pts, Nifty tops 25,400; bank, auto stocks lead charge
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Business News›Markets›Stocks›Live Blog›Stock Market Live Updates | Opening Bell: Sensex soars over 1,000 pts, Nifty above 25,300; bank, auto stocks lead charge
Sensex Today | Nifty 50 Live Updates: GIFT Nifty on the NSE IX trades marginally lower, signalling a muted opening for Dalal Street on Wednesday.
Asian stocks rise in early trade as better-than-expected earnings from CoreWeave ease concerns over the outlook for artificial intelligence-related investments, offsetting some of the pressure from a Wall Street selloff triggered by hotter-than-expected US inflation.
Japan’s Nikkei 225 advances, while South Korea’s Kospi fluctuates between gains and losses. A broader gauge of Asian shares also moves higher. Nasdaq 100 futures gain in early Asian trading after the underlying index declined in the previous session.
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Titan Company posted robust revenue and profit growth in the September quarter, driven by strong demand for studded jewellery despite stagnant buyer growth. The watches, jewellery and eyewear maker expects customer additions to pick up as gold prices stabilise and an extended wedding season supports demand. Its range of lower-carat and lightweight jewellery is also drawing value-conscious consumers.
Oil prices climbed on Wednesday, recovering from two-month lows hit in the previous session, as traders weighed hopes of an easing in the Iran conflict against persistent concerns over attacks on shipping in the Strait of Hormuz.
The dollar remained near a two-week high in early Asian trade on Wednesday, supported by stronger-than-expected US inflation data and hawkish remarks from Federal Reserve officials that reinforced expectations of a rate hike next month.
Gold prices rose marginally in early Asian trade on Wednesday but hovered near a one-week low, as hotter-than-expected US inflation data strengthened expectations of a Federal Reserve rate hike next month, weighing on bullion.
US stocks ended lower on Tuesday after hotter-than-expected inflation data strengthened expectations of a Federal Reserve rate hike next month and raised concerns that the central bank could adopt a more aggressive approach to monetary tightening.
Asian markets opened higher after stronger-than-expected earnings from CoreWeave Inc. eased concerns over the artificial intelligence trade outlook, offsetting some of the weakness on Wall Street triggered by hotter-than-expected US inflation data.
Several stocks, including Cochin Shipyard, Kalyan Jewellers, MRF, Coal India, BHEL, Bajaj Finance and Whirlpool, are expected to remain in focus on Wednesday, November 11, as investors track September-quarter earnings, corporate updates, order wins, fundraising plans and other key developments.
GIFT Nifty on the NSE IX trades marginally higher, signalling a muted opening for Dalal Street on Wednesday.
The Indian stock market staged a strong recovery on Monday, wiping out all early losses as the Sensex and Nifty closed in positive territory. The rebound revived the post-Diwali rally after a brief pause during the Muhurat Trading session.
The Indian stock market staged a strong recovery on Monday, wiping out all early losses as the Sensex and Nifty closed in positive territory, extending the post-Diwali rally after a brief pause during the Muhurat Trading session.