Category Archives: Morning Asia

GIFT Nifty is on the rise this Monday morning, perfectly in sync with our “Call of the Day” — which suggests, the rally, and the rebound could be bit short-lived.

The trading theme could revolve around frontline stocks managing to post modest gains, while mid- and small-caps could continue to feel the pressure, phase of turbulence and hesitation still shaping the path ahead for the day.

Nifty actually badly needs a big positive trigger.

Hopefully, optimism surrounding a potential US–India trade agreement should lift Nifty above 26277.35 mark.

Bottom-line: Nifty bulls will still aim to take over the positive baton from Wall Street’s strength and we believe, bulls will aim to regroup at lower levels.

7:00 AM GLOBAL UPDATE:

GIFT Nifty 🇮🇳: (+97, 26175)
Dow Futures: (+129, 46374)
Nasdaq 100 Futures (+155, 24395)

Nikkei (Closed, 48626)
Hang Seng (+233, 25453)

Dow Jones (+493, 46245)
Nasdaq Composite (+195, 22273)
Bovespa (-611, 154770).

WHAT HAPPENED AT WALL STREET IN FRIDAY’S TRADE:

Wall Street staged an impressive comeback on Friday after New York Fed President John Williams signaled that further rate cuts may still be on the table — temporarily easing worries triggered by recent hawkish commentary.

According to CME FedWatch, the probability of a quarter-point cut when the Fed concludes its next gathering on December 10 is now at 72% – up from 39% one day ago – after Williams, one of the highest ranked Fed officials, said Friday that he sees “room for a further adjustment in the near term” to bring interest rates closer to neutral.

So, Wall Street’s traders are feeling positive due to two main factors:

1) Federal Reserve Rate Cut Expectations: Traders believe that the Federal Reserve may lower interest rates, which typically leads to increased borrowing and spending, boosting the economy and stock market.

2) Optimism Around Nvidia: There’s increased confidence in Nvidia’s potential sales of technology and products to China, which could enhance the company’s revenue and stock performance.

Gold prices ($4072 per ounce) are aiming to inch higher, buoyed by believe that the Federal Reserve may lower interest rates

WTI crude oil futures ($597.90) are trading with negative bias and have fallen to 1-month low, as OPEC revised its outlook to show a supply surplus in the third quarter. The group now estimates global supply exceeded demand by about 500,000 barrels per day, reversing its prior deficit forecast.

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.

Gift Nifty takes over the negative baton from weak overnight lead from Wall Street indicating an up-and-down session for the benchmark Nifty and most importantly, Nifty’s new all-time-high will have to wait for another day.

The biggest headwind for the day is the stronger-than-expected US jobs report, the first major release since the government shutdown, reinforcing expectations that the Federal Reserve will hold rates in December.

Our Call of the Day however suggests that there is a bright chance that the bear too could turn bull on any early decline amidst:

1) Optimism surrounding a potential US–India trade agreement.

2) FIIs turning buyers this week to the tune of ₹1,578 crore.

Bottom-line: Nifty bulls will still aim to hit and surpass its all-time-high 26277.35 mark.

7:00 AM GLOBAL UPDATE:

GIFT Nifty 🇮🇳: (-65, 26153)
Dow Futures: (+207, 45959)
Nasdaq 100 Futures (+98, 24153)

Nikkei (-905, 48925)
Hang Seng (-476, 25360)

Dow Jones (-387, 45752)
Nasdaq Composite (-486, 22078)
Bovespa (-1141, 155381).

WHAT HAPPENED AT WALL STREET IN OVERNIGHT TRADE:

Wall Street’s key indexes started Thursday’s trade with solid gains, fueled by Nvidia’s upbeat earnings and a surprisingly robust September jobs print but worries of an AI bubble weighed on US stocks into the close.

But the bullish momentum didn’t last.

As the session progressed, sentiment reversed sharply. Nvidia slipped from its early highs, and expectations for a December Fed rate cut weakened, triggering a broad selloff. NVIDA was down 3.2% at the close – making it one of the worst-performing Dow Jones stocks of the day – as AI bubble worries resurfaced.

The US economy added 119,000 jobs in September, rebounding from a downwardly revised decline of 4,000 in August and surpassing forecasts of 50,000. The unemployment rate rose to 4.4, its highest since October 2021, exceeding the expected 4.3%, while wage growth came in slightly above expectations at 3.8%.

By the closing bell, the gains had fully evaporated:

Dow Jones: -0.84% at 45,752

S&P 500: -1.56% at 6,538

Nasdaq Composite: -2.15% at 22,078

Gold prices ($4075 per ounce) was seen consolidating with positive bias despite policymakers’ efforts to downplay the likelihood of dovish move.

WTI crude oil futures ($58.50) plunged with negative bias, as OPEC revised its outlook to show a supply surplus in the third quarter. The group now estimates global supply exceeded demand by about 500,000 barrels per day, reversing its prior deficit forecast.

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.

Gift Nifty is jumping out of the gate, perfectly in sync with our “Call of the Day” — which suggests Nifty bulls aim to take over the positive baton from a strong finish from Wall Street in overnight trade.

The morning optimism is actually also on the backdrop of Nvidia delivering a blockbuster earnings beat, reigniting optimism in the AI-led market rally.

“AI is going everywhere, doing everything,” declared CEO Jensen Huang — a statement that is further fueling risk-on sentiment across global markets.

Long Story Short: Bulls are likely to be everywhere at Dalal Street. The benchmark should hit and surpass its all-time high levels sooner rather than later.

Bottom-line: Buy something.

7:00 AM GLOBAL UPDATE:

GIFT Nifty 🇮🇳: (+95, 26148)
Dow Futures: (+261, 46400)
Nasdaq 100 Futures (+427, 25069)

Nikkei (+1717, 50277)
Hang Seng (+169, 26000)

Dow Jones (+47, 46139)
Nasdaq Composite (+131, 22564)
Bovespa (-1141, 155381).

WHAT HAPPENED AT WALL STREET IN OVERNIGHT TRADE:

In Wednesday’s trade, the Dow Jones Industrial Average closed higher for the first time in five days, while the Nasdaq Composite notched a win too.

FOMC October Minutes Update: Many Fed Officials Resisted November Cut.

According to minutes from the Oct. 28–29 FOMC meeting, Federal Reserve officials indicated it will likely be appropriate to hold interest rates steady for the rest of 2025.

Gold prices ($4097 per ounce) halted their decent decline as traders are wary that incoming prints could constrain the Federal Reserve’s room to ease policy. Meanwhile, the Fed’s October minutes revealed a clear split among officials with most seeing further cuts as likely at some point but many signalling that a December move is not a foregone conclusion.

WTI crude oil futures ($59.40) are trading with negative bias, after reports indicated the US is pushing to end the Russia-Ukraine war. Also, sentiments are OPEC revising its outlook to show a supply surplus in the third quarter. The group now estimates global supply exceeded demand by about 500,000 barrels per day, reversing its prior deficit forecast.

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.

GIFT Nifty is pointing to a cautiously optimistic start, perfectly in sync with our “Call of the Day” — which suggests an up-and session on cards amid growing pessimism across global stock markets on concerns of higher valuations.

For the day, the hope is that Nifty maintains stability and moves into a consolidation phase rather than giving in to panic — Nifty should stabilize.

Please note, Wall Street witnessed Tuesday’s session in the dumpster with the S&P 500 and the Dow Jones marking their 4th straight losing streak.

Bottom-line: Nifty bulls will still aim to regroup on any intraday declines and we believe, the benchmark should hit and surpass its all-time high levels sooner rather than later.

7:00 AM GLOBAL UPDATE:

GIFT Nifty 🇮🇳: (+34, 25945)
Dow Futures: (+94, 46183)
Nasdaq 100 Futures (+26, 24529)

Nikkei (+263, 48963)
Hang Seng (+24, 25954)

Dow Jones (-499, 46092)
Nasdaq Composite (-275, 22433)
Bovespa (-471, 156522).

WHAT HAPPENED AT WALL STREET IN OVERNIGHT TRADE:

Sentiment at Wall Street deteriorated ahead of Nvidia’s earnings due Wednesday. So, the street is bracing for Nvidia earnings which will be scrutinized amid anxiety over stretched AI valuations

Nvidia (NVDA) was down 2.8% as the street was awaiting Nvidia earnings and CEO Jensen Huang’s press conference.

As on Tuesday’s closing bell, the Nasdaq Composite was down 1.2% at 22,432, the Dow Jones Industrial Average had fallen 1.1% to 46,091, and the broad-based S&P 500 was off 0.8% at 6,617.

The Next Big Catalyst: This week, all eyes will be on the FOMC Minutes from the latest meeting to trickle in this Thursday, November 20th.

The minutes will offer deeper insight into the Federal Reserve’s thinking after it lowered the federal funds rate by 25 bps at its October 2025 meeting, bringing the target range to 3.75%–4.00%.

Gold prices ($4063 per ounce) halted a three-day losing streak as traders stayed cautious ahead of a packed US data calendar. All eyes were on payrolls report on Thursday and the Fed’s minutes on Wednesday, investors are wary that incoming prints could constrain the Federal Reserve’s room to ease policy.

WTI crude oil futures ($60.35) are consolidating, after OPEC revised its outlook to show a supply surplus in the third quarter. The group now estimates global supply exceeded demand by about 500,000 barrels per day, reversing its prior deficit forecast.

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.

GIFT Nifty is pointing to a cautious start, perfectly in sync with our “Call of the Day” — which suggests an up-and session and caution is likely to prevail on any excessive intraday strength for the Benchmark Nifty.

The trading shall revolve around Wall Street witnessing its worst day of the 2025 in overnight trade where Dow slipped nearly 600 points and was down for the 3rd straight day.

Sentiment at Wall Street deteriorated ahead of Nvidia’s earnings due Wednesday. So, all eyes will be on Nvidia as its earnings will be scrutinized amid anxiety over stretched AI valuations.

Bottom-line: Nifty bulls will still aim to take over the positive baton from Monday’s green close and we believe, the benchmark should hit its all-time-high and surpass its all-time high levels sooner rather than later.

7:00 AM GLOBAL UPDATE:

GIFT Nifty 🇮🇳: (-22, 26009)
Dow Futures: (+81, 46673)
Nasdaq 100 Futures (+53, 24853)

Nikkei (-1019, 49305)
Hang Seng (-212, 26172)

Dow Jones (-557, 46590)
Nasdaq Composite (-193, 22708)
Bovespa (-746, 156993).

WHAT HAPPENED AT WALL STREET IN OVERNIGHT TRADE:

In Monday’s trade, US stocks opened lower, staged a brief recovery, but eventually slipped through the afternoon, kicking off a crucial week packed with economic data releases and an even more significant earnings lineup.

All eyes are now on NVIDIA, the undisputed leader of the AI revolution, as investors, traders, and speculators await its commentary and numbers from the recently concluded quarter — a key sentiment driver for tech and broader market momentum.

As on Monday’s closing bell, the Dow Jones Industrial Average was down 1.2% at 46,590, the broad-based S&P 500 had fallen 0.9% to 6,672, and the tech-heavy Nasdaq Composite was off 0.8% at 22,708.

The Next Big Catalyst: This week, all eyes will be on the FOMC Minutes from the latest meeting to trickle in this Thursday, November 20th.

The minutes will offer deeper insight into the Federal Reserve’s thinking after it lowered the federal funds rate by 25 bps at its October 2025 meeting, bringing the target range to 3.75%–4.00%.

Gold prices ($4037 per ounce) are drifting down, slightly with negative bias, amidst policymakers’ efforts to downplay the likelihood of such a move.

WTI crude oil futures ($59.65) are consolidating with negative bias, as OPEC revised its outlook to show a supply surplus in the third quarter. The group now estimates global supply exceeded demand by about 500,000 barrels per day, reversing its prior deficit forecast.

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.

GIFT Nifty is pointing to a positive start, perfectly in sync with our “Call of the Day” — suggesting, Up Again For Benchmark Nifty.

The trading shall revolve around NDA landslide victory in Bihar, reinforcing political stability and market confidence.

Bullish Nifty traders are likely to shrug-off the fact that the street is expecting less than a 50% chance that the Fed will deliver a 25 bps rate cut next month, down from nearly 90% one month earlier.

Bottom-line: Nifty bulls will aim to take over the positive baton from Friday’s green close and we believe, the benchmark should hit its all-time-high and surpass its all-time high levels sooner rather than later.

7:00 AM GLOBAL UPDATE:

GIFT Nifty 🇮🇳: (+52, 26014)
Dow Futures: (+37, 47183)
Nasdaq 100 Futures (+160, 25169)

Nikkei (-122, 50260)
Hang Seng (-131, 26442)

Dow Jones (-310, 47147)
Nasdaq Composite (+30, 22901)
Bovespa (+576, 157739).

WHAT HAPPENED AT WALL STREET IN FRIDAY’S TRADE:

In Friday’s trade at Wall Street, all the three key U.S. benchmarks gapped down at open to extend a sell-off driven by suspicions about an AI bubble.

The positive takeaway however was that the Nasdaq Composite almost immediately bounced into positive territory, as dip-buyers took advantage of weakness in tech-related stocks. The S&P 500 and the Dow Jones Industrial Average resumed their uptrends too, though all three faded late and closed below their intraday highs.

Meanwhile, President Donald Trump had earlier signed a short-term spending bill that reopens the federal government through January 30.

Gold prices ($4085 per ounce) are consolidating, slightly with negative bias, amidst policymakers’ efforts to downplay the likelihood of such a move.

WTI crude oil futures ($59.57) are consolidating, as OPEC revised its outlook to show a supply surplus in the third quarter. The group now estimates global supply exceeded demand by about 500,000 barrels per day, reversing its prior deficit forecast.

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.

GIFT Nifty is pointing to a nervous start, perfectly in sync with our “Call of the Day” — suggesting volatility is likely to be the hallmark for benchmark Nifty.

Blame it on overnight drubbing at Wall Street which witnessed its worst day of the month amidst broad sell-off amidst fading odds of a Federal Reserve rate cut in December.

Traders now eye the Bihar elections results to be declared on Friday, November 14th .

Bottom-line: Nifty shall look to consolidate, as bullish traders shall prefer to stay on the sidelines and hope for NDA’s landslide victory in Bihar.

7:00 AM GLOBAL UPDATE:

GIFT Nifty 🇮🇳: (-91, 25833)
Dow Futures: (+111, 47568)
Nasdaq 100 Futures (+43, 25037)

Nikkei (-716, 50564)
Hang Seng (-413, 26660)

Dow Jones (-798, 47457)
Nasdaq Composite (-536, 22870)
Bovespa (-470, 157162).

WHAT HAPPENED AT WALL STREET IN OVERNIGHT TRADE:

In Thursday’s trade, US stocks tumbled hard, with the S&P 500 down 1.5%, the Nasdaq off 1.9% and the Dow giving back its recent record after losing 1.5% amid a broad sell-off in AI-linked names and cooling expectations for near-term Fed easing.

The Negative Catalysts:

1) Several Fed officials voiced caution over further easing amid persistent inflation. Markets have sharply reduced the probability of a December 25 basis point cut to roughly 50% from about 95% a month ago.
2) Overbought conditions and questions about whether we’re in an AI bubble.

Meanwhile, President Donald Trump signed a short-term spending bill that reopens the federal government through January 30.

Gold prices ($4175 per ounce) are consolidating, hovering now near its highest level since October 24, driven by growing expectations of a Federal Reserve’s imminent interest rate cut in December, despite policymakers’ efforts to downplay the likelihood of such a move.

WTI crude oil futures ($59.50) are consolidating, as OPEC revised its outlook to show a supply surplus in the third quarter. The group now estimates global supply exceeded demand by about 500,000 barrels per day, reversing its prior deficit forecast.

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.

GIFT Nifty is pointing to a nervous start, perfectly in sync with our “Call of the Day” — suggesting volatility is likely to be the hallmark for benchmark Nifty.

Blame it on overnight drubbing at Wall Street which witnessed its worst day of the month amidst broad sell-off amidst fading odds of a Federal Reserve rate cut in December.

Traders now eye the Bihar elections results to be declared on Friday, November 14th .

Bottom-line: Nifty shall look to consolidate, as bullish traders shall prefer to stay on the sidelines and hope for NDA’s landslide victory in Bihar.

7:00 AM GLOBAL UPDATE:

GIFT Nifty 🇮🇳: (-91, 25833)
Dow Futures: (+111, 47568)
Nasdaq 100 Futures (+43, 25037)

Nikkei (-716, 50564)
Hang Seng (-413, 26660)

Dow Jones (-798, 47457)
Nasdaq Composite (-536, 22870)
Bovespa (-470, 157162).

WHAT HAPPENED AT WALL STREET IN OVERNIGHT TRADE:

In Thursday’s trade, US stocks tumbled hard, with the S&P 500 down 1.5%, the Nasdaq off 1.9% and the Dow giving back its recent record after losing 1.5% amid a broad sell-off in AI-linked names and cooling expectations for near-term Fed easing.

The Negative Catalysts:

1) Several Fed officials voiced caution over further easing amid persistent inflation. Markets have sharply reduced the probability of a December 25 basis point cut to roughly 50% from about 95% a month ago.
2) Overbought conditions and questions about whether we’re in an AI bubble.

Meanwhile, President Donald Trump signed a short-term spending bill that reopens the federal government through January 30.

Gold prices ($4175 per ounce) are consolidating, hovering now near its highest level since October 24, driven by growing expectations of a Federal Reserve’s imminent interest rate cut in December, despite policymakers’ efforts to downplay the likelihood of such a move.

WTI crude oil futures ($59.50) are consolidating, as OPEC revised its outlook to show a supply surplus in the third quarter. The group now estimates global supply exceeded demand by about 500,000 barrels per day, reversing its prior deficit forecast.

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.

GIFT Nifty is pointing to a sluggish start, perfectly in sync with our “Call of the Day” — suggesting bullish consolidation ahead for benchmark Nifty.

Traders will eye the Bihar elections results to be declared on Nov 14th .

The good news is that Nifty’s downside is likely to be limited as bullish sentiment continues to be fueled by three positive catalysts:

1) Bihar’s exit polls indicated a decisive win for the BJP–JD(U) alliance, with most pollsters forecasting a landslide victory for the ruling coalition and a major setback for the Tejashwi Yadav-led Mahagathbandhan.

2) This Thursday morning, US stock futures continue to enjoy strong session taking over the positive baton from Dow Jones which scaled above 48000 mark in overnight trade.

3) US lawmakers are nearing a deal to end the record-long government shutdown.

Bottom-line: Nifty looks to consolidate, as bullish traders shall prefer to stay on the sidelines despite renewed optimism over an NDA landslide victory in Bihar, with elections held on November 6th and 11th and results due on November 14th.

7:00 AM GLOBAL UPDATE:

GIFT Nifty 🇮🇳: (-8, 25949)
Dow Futures: (+133, 48388)
Nasdaq 100 Futures (+87, 25605)

Nikkei (+247, 51310)
Hang Seng (-143, 26779)

Dow Jones (+327, 48255)
Nasdaq Composite (-62, 23406)
Bovespa (-116, 157633).

WHAT HAPPENED AT WALL STREET IN OVERNIGHT TRADE:

Overnight at Wall Street, the Dow Jones crossed 48,000, marked a new record all-time-high.

The Positive Catalyst: Markets are pricing the end of the longest government shutdown in history.

In Wednesday’s session, the Dow Jones climbed 0.68% to fresh record highs, the S&P 500 edged up 0.06%, while the Nasdaq Composite slipped 0.26%.

Interestingly, the Dow Jones marked a new record all-time-high on ugly jobs data. The Dow was zooming higher despite gloomy jobs data which painted a darker picture for the economy.

The big question: Cracks beneath the surface?

Please note, when markets rally into bad news, it rarely ends quietly

Meanwhile, US Tech stocks continued their rout on Wdnesday as market participants fretted about lofty valuations.

Gold prices ($4175 per ounce) climbed, hovering now near its highest level since October 24, driven by growing expectations of a Federal Reserve’s imminent interest rate cut in December, despite policymakers’ efforts to downplay the likelihood of such a move.

WTI crude oil futures ($58.25) fell over 4% to around a three-week low of $58.42 per barrel on Wednesday, after three straight sessions of gains, as OPEC revised its outlook to show a supply surplus in the third quarter. The group now estimates global supply exceeded demand by about 500,000 barrels per day, reversing its prior deficit forecast.

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.

GIFT Nifty is pointing to a bullish start, perfectly in sync with our “Call of the Day” — suggesting another upbeat session for the benchmark Nifty, with positive momentum likely to sustain throughout the day.

Bullish sentiment is being fueled by three positive catalysts:

1) Bihar’s exit polls indicated a decisive win for the BJP–JD(U) alliance, with most pollsters on Tuesday forecasting a landslide victory for the ruling coalition and a major setback for the Tejashwi Yadav-led Mahagathbandhan.

2) US stock futures continue to enjoy strong session taking over the positive baton from Dow Jones which scaled new record high in overnight trade.

3) US lawmakers are nearing a deal to end the record-long government shutdown.

Bottom-line: Nifty looks poised to rip higher, as bullish traders are likely to pile into long positions amid renewed optimism over an NDA landslide victory in Bihar, with elections held on November 6th and 11th and results due on November 14th.

7:00 AM GLOBAL UPDATE:

GIFT Nifty 🇮🇳: (+132, 25952)
Dow Futures: (+53, 47980)
Nasdaq 100 Futures (+85, 25617)

Nikkei (+17, 50859)
Hang Seng (+58, 26755)

Dow Jones (+559, 47928)
Nasdaq Composite (-59, 23468)
Bovespa (+2491, 157749).

WHAT HAPPENED AT WALL STREET IN OVERNIGHT TRADE:

The Dow Jones marked a new record all-time-high on ugly jobs data. The Dow was zooming higher despite gloomy jobs data which painted a darker picture for the economy.

The big question: Cracks beneath the surface?

Always remember, when markets rally into bad news, it rarely ends quietly

Meanwhile, US Tech stocks resumed their rout Tuesday as market participants fretted about lofty valuations.

Gold prices ($4130 per ounce) climbed, hovering now near its highest level since October 24, driven by growing expectations of a Federal Reserve interest rate cut in December, despite policymakers’ efforts to downplay the likelihood of such a move.

WTI crude oil futures ($60.89) rebounded sharply, buoyed by optimism that the longest U.S. government shutdown in history could finally end this week and by signs of strong demand for fuels such as gasoline and diesel. The 42-day shutdown appears poised for resolution after the Senate approved a temporary funding bill, with the House expected to take it up on Wednesday.

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.