Indices continued the profits with positive foreign investment flows

International signs, corporate news and second-quarter results are expected to guide the markets this week. Crude oil prices are moving in the short run with expectations of a US-China trade agreement and demand. Increased oil prices could hamper market profits. FII Investment improvements can also be combined. Investors may signal from the rupee moves and the FII’s investment trend compared to the dollar. Internationally, the consequences of the US-China trade agreement are crucial. The Bank of England’s interest rate determination can be signaled by statistics from China’s exports and imports.

On Monday: For the seventh consecutive day, the gains in indices continued. With attractive quarterly results, sustained foreign investment and positive international signs, the Sensex has hit the latest highs. Asian markets closed in profit with hopes of a US-China trade deal. European shares were trading positively. S&P SENSEX and NIFTY 50 gain 137 and 55 points respectively.

Open High Low Close
NIFTY 50 11,928.90 11,989.15 11,905.35 11,941.30
S&P SENSEX 40,293.85 40,483.21 40,186.29 40,301.96

On Tuesday: Seven-day consecutive gains were hampered. SENSEX pulled back from higher gains as investors switched to gaining profits in the recent surge. International markets have excelled with hopes of US-China trade talks. Asian markets closed with gains, while European indices traded better. S&P SENSEX and NIFTY 50 lost 54 and 28 points respectively.

Open High Low Close
NIFTY 50 11,974.60 11,978.95 11,861.90 11,917.20
S&P SENSEX 40,445.67 40,466.55 40,053.55 40,248.23

On Wednesday: After one day’s break, the indices recovered and the gains went up. The banking financial sector shares were backed by expectations that the government would announce further reforms to put it in the grow room. Positive quarterly results and international signs were also met. S&P SENSEX and NIFTY 50 gain 222 and 49 points respectively.

Open High Low Close
NIFTY 50 11,911.50 12,002.90 11,850.25 11,966.05
S&P SENSEX 40,311.85 40,606.91 40,037.53 40,469.78

On Thursday: The S&P Sensex reached the latest highs in the wake of the US-China trade boom, with Nifty repeating crosses the 12,000 mark. Investment by foreign investors has strengthened the sentiment. S&P SENSEX and NIFTY 50 gain 184 and 50 points respectively.

Open High Low Close
NIFTY 50 12,021.10 12,021.40 11,346.85 12,012.05
S&P SENSEX 40,625.64 40,688.27 40,421.07 40,653.74

On Friday: The Nifty is expected to open lower on November 8 tracking the muted trend seen in other Asian markets. Trends on SGX Nifty indicate a negative opening for the index in India, with a loss of 48 points. Nifty futures were trading around 12,010 levels on the Singaporean Exchange. S&P SENSEX and NIFTY 50 lost 330 and 108 points respectively.

Open High Low Close
NIFTY 50 11,984.50 12,033.85 11,890.65 11,908.15
S&P SENSEX 40,630.56 40,749.33 40,263.94 40,653.74

Over all the week S&P Sensex and Nifty 50 gained 159 and 18 points respectively.

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