Indian benchmark indices likely to open higher on November 2
GIFT Nifty is trading higher by 217 points at 23,303 in early trade, according to Moneycontrol.
Indian benchmark indices are expected to see a gap-up start on November 2, tracking GIFT Nifty which was trading higher by 217 points at 23,303 in early trade, according to Moneycontrol.
On October 30, the BSE Sensex rose 308.49 points or 0.42 per cent to 74,459.53, while the Nifty gained 116.35 points or 0.51 per cent to 23,053.10. For the week, the Sensex and Nifty50 rose nearly 2 per cent each.
Asian share markets slipped on Monday due to concerns regarding the sustainability of AI investment in the tech sector. South Korea lost 1.3 per cent, while Japan's Nikkei fell marginally. The MSCI Asia-Pacific index outside Japan eased 0.4 per cent.
US stocks tumbled on Friday, with the Nasdaq recording its largest one-day percentage drop since June 5. The Dow Jones Industrial Average fell 572.25 points or 1.09 per cent to 51,770.31, while the S&P 500 lost 140.32 points or 1.82 per cent to 7,580.07.
Oil prices fell on Monday, with Brent crude futures dropping $2 or 1.8 per cent to $111.21 a barrel. US West Texas Intermediate crude fell $2.2 or 2.08 per cent to $101.88 a barrel.
On October 30, foreign institutional investors bought equities worth Rs 3,598 crore. Domestic institutional investors sold equities worth Rs 817 crore, ending a two-day buying streak.