Sensex, Nifty LIVE Updates on November 6: Market indices opened on a bullish note on Friday, amid positive global equities. SGX Nifty on the Singapore Exchange was falling by 10 points, indicating muted trend in domestic grounds today. Meanwhile, September quarterly earnings announcements by ITC, Cipla, Ashok Leyland, Bank of India, Union Bank of India, Vedanta, BHEL, Aditya Birla Fashion, Central Bank of India will also set the tone for the stock market today. Yesterday, Sensex ended 724 points higher at 41,340 and Nifty rose 211 points to 12,120.
Here's a look at the updates of the market action on BSE and NSE today
9. 14 AM: Nifty outlook
As per Reliance Smart Money: Finally, NSE-NIFTY managed to surpass its psychological hurdle-12,000 level and rose to 8-month high. Yesterday, the index continued its daily rising trend on back of global cues and also, due to buying across the board. Overall market breadth remained positive for straight third trading session in a row. Its key technical indicators on the near-term timeframe chart are positively poised. Due to recent breakout, its short-term trend turned in favour of bulls. That could take the index towards 12,250 and 12,430 levels. On the lower side, the index will supports at 11,780 and 11,580 levels.
As for the day, support is placed at around 12,055 and then at 11,990 levels, while resistance is observed at 12,158 and then at 12,197 levels.
9. 08 AM: Global markets
Overseas, Asian stocks were trading mixed on Friday as investors awaited for U.S. election results. Democrat Joe Biden reportedly crept closer to victory over U.S. President Donald Trump
Democratic candidate Joe Biden is closer to victory from Republican nominee President Donald Trump, winning Michigan and Wisconsin and just 6 votes short of 270 in terms of electoral votes. As per latest numbers, Joe Biden has won 264 electoral college votes, while US President Donald Trump has won 214 votes.
Wall Street stocks closed higher after the US Federal Reserve said Thursday it kept interest rates unchanged near zero, noting the economy remained well below pre-pandemic levels.
8. 50 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. ITC, Cipla, Ashok Leyland, Bank of India, Union Bank of India, Vedanta, BHEL, Aditya Birla Fashion, Central Bank of India, Dilip Buildcon, Glenmark Pharma, SAIL are among the top companies scheduled to announce their Q2 results today
8. 40 AM: Rupee closing
In the forex market, rupee zoomed 40 paise to close at 74.36 against the US dollar.
8. 30 AM: Closing
Market indices ended higher on Thursday, tracking gains in index-heavyweights Reliance Industries, Infosys and SBI, amid positive cues from global equities. Awaiting cues from the US Presidential elections, Sensex ended 724 points higher at 41,340 and Nifty rose 211 points to 12,120. Yesterday, Sensex ended 355 points higher at 40,616 and Nifty rose 95 points to 11,908.
Sensex ends 724 points higher, Nifty reclaims 12K ahead of US elections outcome