The US dollar is weakening as traders adjust their positions ahead of the US presidential election. Polls suggest a close race, impacting market expectations. The Australian dollar remains near a three-month low, with the Reserve Bank of Australia expected to maintain its current policy. Investors await the outcome of the election and its potential impact on global markets.
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Market today: US elections, Q2 results, Sagility IPO opens, Jio eyes IPO (05-11-2024)
While the market closely eyes the US presidential elections, corporate earnings and macroeconomic data will also be on radar
Q2 results today: Titan, Dr Reddy’s among 63 companies to announce earnings on Tuesday (05-11-2024)
The second quarter earnings season is in full swing, with 63 companies, including prominent names like Dr Reddy’s, Titan, and Mankind Pharma, set to release their July-September 2024 quarter results today.
Oil edges down ahead of US election, China NPC meeting (05-11-2024)
Oil prices dipped slightly on Tuesday as market participants awaited the results of the U.S. presidential election. The slight decline followed a surge of over 2% on Monday after OPEC+ postponed production increases. The decision eased supply concerns, which had been heightened by rising non-OPEC output and weak demand. Analysts predict prices will remain range-bound in the short term.
Big movers on D-Street: What should investors do with IRFC, IRCTC and Raymond? (05-11-2024)
Indian benchmark indices Sensex and Nifty experienced significant drops, driven by losses in Reliance Industries and banking stocks. Analysts suggest investors monitor IRCTC’s upcoming earnings for potential movement, while IRFC needs to hold above key levels for bullish momentum. Raymond, despite initial losses, showed resilience, with its future trajectory depending on upcoming earnings.
Buy on dips strategy suggested for Nifty; Check support & other levels here (05-11-2024)
The Nifty 50 index has been trending downward recently, closing at 23,995.35.
Gold flat ahead of US election and Fed meeting (05-11-2024)
Gold prices held steady on Tuesday as investors awaited the outcome of the U.S. presidential election and the Federal Reserve’s policy meeting. The U.S. presidential race remains tight, while the Fed is widely expected to cut interest rates. Gold is seen as a safe-haven asset during times of uncertainty.