Opening Bell: On Monday, the first trading day of the week, Indian benchmark indices, Sensex and Nifty 50 started with losses for the third consecutive session amid mixed trends from global markets. In early trade, the 30-share BSE Sensex opened 418.99 points or 0.53 percent lower at 79,067, while the Nifty 50 opened 112.10 points or 0.46 percent lower at 24,036.
The stock market is expected to open in the red today
The Indian stock market is expected to open on a weak note today. At 6:35 am, GIFT Nifty futures were down 82 points at 24,136, indicating a negative opening.
The stock market movement this week will be determined by macroeconomic data, September quarter results, global trends, and the attitude of foreign investors. The stock markets will remain closed on Friday on the occasion of Guru Nanak Jayanti.
These companies will release their Q2 results today, so keep an eye on their stocks.
ONGC, Britannia Industries, Hindalco Industries, Shri Cement, Bank of India, Azad Engineering, Bajaj Consumer Care, Balrampur Chini Mills, BEML, Godfrey Phillips, Graphite India, Hindustan Copper, Jubilant Foodworks, NMDC, Parag Milk Foods, Triveni Turbine, TVS Supply Chain Solutions, UPL and Zydus Wellness will announce their September quarter earnings on November 11.
Swiggy and ACME Solar Holdings IPO allotment today
The allotment of shares for the IPO of online food and grocery delivery platform Swiggy is expected to be finalized on Monday, November 11, 2024. Swiggy's debut on BSE and NSE is expected on Wednesday, November 13, 2024.
The allotment of ACME Solar Holdings IPO shares is expected to be finalized today i.e. Monday, November 11, 2024. The company's shares will be credited to the demat accounts of the allottees on Tuesday, November 12, 2024. ACME Solar Holdings shares may be listed on both the stock exchanges on Wednesday, November 13, 2024.
Today is the last chance to bet on Niva Bupa's IPO
Today is the last day to bet on the IPO of health insurance company Niva Bupa. This IPO was open for subscription on Thursday, November 7. The price band of this IPO has been fixed at Rs 70-74 per share. The listing of Niva Bupa shares is likely to happen on Thursday, November 14, 2024, on BSE and NSE.
Historical jump in Bitcoin, crosses $80,000 for the first time
On Sunday, Bitcoin crossed the $80,000 level for the first time. The surge in Bitcoin is driven by Trump's pro-crypto image and the possibility of a crypto-friendly Congress. According to a report by news agency Bloomberg, cryptocurrency Bitcoin rose 4.7 percent on Sunday to an unprecedented $80,092.
How was the market movement in the last session?
The Indian stock market witnessed a decline in the last trading session i.e. Friday. The BSE Sensex opened higher at 79,611.90 points on Friday. However, the market could not stay in the green for long and slipped into red. In the end, the Sensex closed at 79,486.32, down 55.47 points or 0.07%. Nifty-50 also closed at 24,148.20, down 51.15 points or 0.21%.
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