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Home > Stock Market Updates > Market Savera - 19/11/2024
Podcast: Stock Market Updates
Episode:

Market Savera - 19/11/2024
Category: Business
Duration: 00:02:43
Publish Date: 2024-11-19 03:46:11
Description:

U.S. stocks ended mostly higher on Monday, as the market attempted to rebound from its worst week in months and investors await Nvidia’s third-quarter earnings report on Wednesday.

Crude oil futures settled Monday at their highest in more than a week, with President Joe Biden’s decision to allow Ukraine to use U.S.-supplied long-range missiles to strike deeper inside Russia contributing to a more than 3% rise in prices for the session.

In corporate news,

Godrej Agrovet (GAVL) has formed a strategic partnership with US-based Provivi to introduce sustainable pheromone-based pest control solutions for India's rice and corn farmers.

GMR Airports Ltd reported growth in October 2024, handling over 10.7 million passengers, marking a 9.2% year-on-year (YoY) increase.

Ujjivan Small Finance Bank is planning to sell bad loans to the tune of Rs 270 crore to asset reconstruction companies in a balance sheet cleansing exercise

In markets,

Asian equities rose on Tuesday following gains in US stocks, after Treasuries halted a selloff that had pushed 10-year yields as high as 4.5%. Traders are closely watching any news around President-elect Donald Trump’s planned administration.

Nifty extended its fall for the seventh straight session on Nov 18- marking the longest losing streak since eight sessions to Feb 28, 2023. At close, Nifty was down 0.34% or 78.9 points at 23453.8. Nifty showed continued weakness on Nov 18, but did not close at the intra day low. 23110-23339 band could offer support to the Nifty on the downside while 23630-23865 could offer resistance on upmoves

Indian markets could open higher, in line with higher Asian markets today and positive US markets on Nov 18
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