Latest Stock Market News

U.S. stocks ended lower on Thursday as investors awaited the monthly payrolls report and monitored the conflict in the Middle East. New unemployment claims rose marginally. The S&P 500 remains up 19.5% for the year. Rising oil prices impacted energy shares positively. A port strike may affect consumer prices.

Gold prices remain flat but slightly lower for the week as market attention turns to a crucial U.S. payrolls report. Expectations for a Federal Reserve interest rate cut have grown, with recent data suggesting a possible reduction. Meanwhile, geopolitical tensions in Lebanon continue to escalate.

The dollar held near its six-week high, driven by safe-haven demand amid Middle East tensions and anticipation of U.S. non-farm payrolls data. Expectations of 140,000 job additions and a steady unemployment rate at 4.2% kept market participants cautious. Meanwhile, the Australian and New Zealand dollars faced weekly declines, and Japanese yen slid on dovish comments from Japanese politicians.

Benchmark BSE Sensex plunges 1,769 points amid West Asia conflict, hitting a three-week low. Key stocks in focus include Godrej Properties, Angel One, and ITC. Technical analysts suggest Godrej in a no-trade zone, bullish prospects for Angel One, and cautious optimism for ITC.

Six stocks, including Bandhan Bank and RBL Bank, are under F&O trade ban on Friday. This ban occurs when open interest exceeds 95% of the market-wide position limits. The open interest levels for these stocks vary, with some decreasing and others increasing recently. Indian benchmark indices also faced a significant fall on Thursday.

Nexxus Petro Industries will debut on the NSE SME platform with shares trading at Rs 0 GMP in the unlisted market. Engaged in trading and manufacturing bitumen, the company serves the infrastructure sector. It reported Rs 28.83 crore revenue and Rs 3.48 crore profit in FY24.

Refex, which is in the business of ash and coal handling and electric vehicle mobility, also has a presence in refrigerant gases, and power trading.

The weekly index derivatives contracts on Sensex 50 will be discontinued with effect from November 14 end of day while Bankex will be discontinued from November 18.