Sensex, Nifty LIVE Updates on November 2: Market indices traded on a bearish note on Monday, amid mixed global equities. Sensex fell 200 points lower at 39,393 and Nifty fell 60 points to 11,581. Meanwhile, September quarterly earnings announcements by HDFC, Cadila Healthcare, Punjab National Bank, NTPC, Cadila Healthcare, Oracle Financial, Whirlpool of India, will also set the tone for the stock market today. On Friday, Sensex ended 135 points lower at 39,614 and Nifty fell 28 points to 11,642.
Here's a look at the updates of the market action on BSE and NSE today
10.00 AM: Stocks to watch today on November 2
Reliance Industries, Axis Bank, Just Dial, DLF, M&M, ICICI Bank among others are the top stocks to watch out for in Monday's trading session
Stocks in news: Reliance Industries, Axis Bank, Just Dial, DLF, M&M, ICICI Bank
9. 54 AM: Market turns red
Market indices traded on a bearish note on Monday, amid mixed global equities. Sensex fell 200 points lower at 39,393 and Nifty fell 60 points to 11,581.
9. 41 AM: Global markets
Asian stocks are trading higher on Monday, amid positive manufacturing data out of China. US, stock indexes closed lower on Friday, as a record rise in coronavirus cases and jitters over the presidential election snuffed investor sentiment.
European markets traded mostly lower after UK Prime Minister Boris Johnson announced Saturday that England will adopt a second national lockdown following a surge in virus cases.
9. 33 AM: Nifty outlook
Ruchit Jain (Senior Analyst - Technical and Derivatives, Angel Broking) said,"Post some pause in the September series, the benchmark index once again resumed its uptrend seen from the April series. The October series brought back some optimism as we saw a V-shaped recovery in the first half of the series. Stronger hands are starting November series with 'Long Short Ratio' below 50%; which is certainly not an encouraging sign. The volatility index is now trading on the higher side of the recent range and we expect it to surge further considering the event lined up. In Nifty options front, 12000 followed by 12500 and 11500 followed by 11000 are attracting traders' attention. At present, 11500-11600 is an immediate support for the market and 12000 remains the sturdy wall. "
9. 24 AM: Opening session
Market indices opened on a bullish note on Monday, amid positive global equities. SGX Nifty on the Singapore Exchange was rising by 30 points, indicating a positive trend in domestic grounds today. Sensex gained 88 points higher at 39,702 and Nifty gained 13 points to 11,655.
9. 12 AM: Market outlook
Reliance Research said in its note," NSE-NIFTY failed to continue prior weekly rising trend as weakness across the globe dragged the ind ex down. In the last week, the index gained once out of five trading sessions and reported fall of 2.4%. On the weekly chart, the index has formed Bearish Belt Hold pattern. On Friday, the index closed below its crucial point-11,661 level. As mentioned earlier, a stable move below that crucial point will confirm short-term bearish reversal for the index. That could drag the index towards 11,400 and 11,200 levels subsequently. On the higher side, its psychological hurdle point-12,000 level will cap the up-move.
As for the day, support is placed at around 11,633 and then at 11,537 levels, while resistance is observed at 11,878 and then at 12,026 levels."
9.00 AM: FII action
Foreign portfolio investors (FPIs) sold shares worth Rs 870.88 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 631.11 crore in the Indian equity market on 30 October, provisional data showed.
8. 50 AM: Week Ahead in Share Market
Amid less participation from broader indices and weakness in global markets, analysts have taken a highly cautious stance for the markets in the upcoming week. Traders said rising COVID-19 cases in the US and Europe, and delay in the second US stimulus package have left investors wary.
Week Ahead in Share Market: 5 things you need to know for the upcoming week
8. 40 AM: Earnings today
Investors are also awaiting Sept quarter earnings reports will provide a clear picture of the disruption caused by the coronavirus pandemic-induced lockdown. HDFC, Cadila Healthcare, Punjab National Bank, NTPC, Cadila Healthcare, Oracle Financial, Whirlpool of India, Ramco Cement, ZEEL, Escorts, Bandhan Bank, Coromandel International, City Union Bank, Embassy Office Parks REIT, Escorts among others will report Q2 earnings today.
8. 30 AM: Closing
Extending weakness for the third day, Sensex ended 135 points lower at 39,614 and Nifty fell 28 points to 11,642 on Friday. On BSE, 1,464 stocks declined and 1,336 scrips advanced, 969 stocks declined on Nifty, with 889 stocks advancing.
During the week, the 30-share BSE index Sensex and NSE Nifty 50 fell by 1071 points and 288 points, respectively.