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November 2, 2021

The BSE sensex closed the shop at 60,029Downby 109 points and the Nifty close the day at 17,890 byloosing39 points.

On the Upside: Maruti, NTPC, Titan, SBIN
On the downside-Tatasteel, Grasim, Jswsteel, Hindalco

Tech View:-. We have seen in the opening hours market crossed the 18000 mark but did not sustained on and above soon it started falling and finally it ended39 points lower at 17,890 Nifty formed Bearish sort of candle on daily chart, Going forward 17850- 17900 will act as a strong support and 18000 will stay as a strong resistance.

European & USA markets: @ IST 4:45 European markets were trading atPositive note. Where the Germany’s DAX tradingPositiveby 0.41 %, Other hand France’s CAC40 indexrunningPositiveby 0.32% where, England’s FTSE100 indexNegativeby 0.55%.
Where; wall street @ IST 04:45 The DOW future contract tradingPositive14 points, S&P 500 Future trading Positive8.29 points, Where Nasdaq100 futurePositive54 points.

Global News Analysis:

LONDON -Oil steadied near $85 a barrel on Tuesday, not far from a multi-year high, supported by signs that supply from OPEC and other producers is falling short, although expectations of a rise in U.S. inventories was weighing.
LONDON – World shares held just under record highs while European indexes edged lower on Tuesday, as investors focused on earnings and the Federal Reserve’s two-day meeting which ends on Wednesday.
China :- Chinese shares fell on Tuesday as energy, financials and real estate stocks weighed amid growing concerns about China’s economic outlook.
South Korea’s consumer inflation accelerated to a near 10-year peak in October, forcing the central bank to revise up its 2021 price projections and reinforcing the case for another interest rate hike this year.
Australia:-Australia’s dollar fell on Tuesday after the Reserve Bank of Australia sounded a more dovish tone than expected, in the first of several meetings of central banks this week.