Stock Market Today (November 2) (AI-generated Image)
\n\nBoth the Nifty and the Sensex began the trading day, week and month on an upbeat note, with benchmark indices gaining over 1 percent. The Nifty gained over 200 points and opened at 23,222.30 and the Sensex gained over 800 points and opened at 75,178.24. The Sensex surged over 1,000 points in early trade and all sectoral indices witnessed significant gains. The Indian rupee opened at 94.89 to the dollar versus Friday's close of 94.95 to the dollar. Crude oil prices eased and fell over 2.5 percent, with Brent crude trading at 110 dollars per barrel (at the time of filing this copy) after Iranian and Qatari officials held a third straight day of talks aimed at pushing for a deal to end the US-Israel war on Iran.
\n\nG. Chokkalingam Head of Research at Equinomics Research told Times Now Digital, "liquidity concerns on account of booming IPOs are set to ease in our view. However, both the economy and markets are likely to remain under pressure in the short-term due to oil prices and consequently, rising inflation. Price of Indian basket of oil is around 115 dollars per barrel. If this price rises…
Original source: https://www.timesnownews.com/business-economy
