Latest Stock Market News

U.S. stock futures, the dollar, and Treasury yields saw an uptick in Asian markets as early U.S. election results remained tight. While initial state wins were largely predictable, some betting sites shifted odds towards Trump, triggering market movements reminiscent of his previous term. Despite the uncertainty, futures markets indicated continued confidence in an impending Federal Reserve interest rate cut.

Get ready for a busy day in the Indian stock market. 63 companies will reveal their July-September earnings today. Keep an eye on major players like Power Grid and Tata Steel. Apollo Hospitals is expected to report strong numbers. Tata Steel might face challenges due to declining realizations. Stay tuned for the detailed financial results and expert analysis.

Apollo Hospitals is poised to announce strong second-quarter earnings, with analysts projecting significant revenue and profit growth driven by expansion across all segments. Key areas of interest for investors include the performance of Apollo 24/7 and updates on capacity expansion plans.

Trump Media & Technology Group faced a loss of $19.2 million in the third quarter. The company attributed this to legal fees and costs associated with its TV streaming deal. The company spent $12.1 million on legal fees related to acquiring TV streaming technology and its SPAC deal. Despite the loss, shares of the company rose slightly.

Oil prices dipped on Wednesday as the U.S. presidential election between Donald Trump and Kamala Harris remained tight. The close race caused uncertainty in the market, leading investors to react to early results. While a Trump victory could lead to stricter sanctions against Iran and potentially increase oil prices, a Harris win is expected to maintain the current market conditions.

​But the US uncertainty-related selling because money is going back into the US and the Japan, that is not India-centric. So, domestic fund managers are sensing an opportunity and from now on even there is further FII selling, domestic fund managers will step in

While US equities are coming off their first monthly loss since April, the drop of less than 3% was more benign than the historical pattern of 4%-5% selloffs on average in October going into close presidential races, according to Deutsche Bank AG.

Swiggy brought the IPO at a lower valuation of $11.3 billion as against its earlier target of around $15 billion. The company plans to raise around Rs 11300 crore through the issue.

Historically, stocks mostly trade above these long-term trend indicators in a roaring bull market. In the event of declines such as the current one, they tend to fall below the 200-DMA, an indication of deep-rooted weakness in the market. The 200-DMA signifies a stock’s trend over the past year. A year has roughly 200 trading sessions.