Stock Market Today: Sensex, Nifty and GIFT Nifty
GIFT Nifty traded around 23,726.5, down 33.5 points or 0.14% from its previous close of 23,760, indicating a potentially subdued start for domestic benchmark indices.
The Nifty 50 closed at 23,810.85 on November 3, gaining 370.05 points or 1.58%. The Sensex advanced 1,225.07 points or 1.62% to settle at 76,917.85.
The Nifty opened at 23,582.25, touched an intraday low of 23,482.80 and closed at its day's high.
Sensex Today: Asian Markets Trade Weak, Nikkei and Kospi Under Pressure
Asian markets traded mixed on Wednesday, with South Korean and Japanese equities facing selling pressure.
The Kospi fell around 1% after initially jumping as much as 3.2%, while the Nikkei declined nearly 2% in early trade. The Taiex managed to gain 0.4%.
Investors were assessing the implications of US midterm election results, with concerns about potential implications for artificial intelligence-related investments.
Nasdaq Rises as AI Stocks Rebound; Dow Jones Declines
US markets ended mixed on Tuesday as AI heavyweight stocks rebounded ahead of US midterm election results, while Apple declined following disappointing quarterly results.
S&P 500: Gained 0.36% to 7,568.92
Nasdaq Composite: Advanced 0.83% to 25,372.01
Dow Jones Industrial Average: Declined 0.38% to 51,787.04
Dollar Weakens Ahead of US Midterm Election Results
The US dollar declined against major currencies on Wednesday as investors awaited US midterm election results.
The euro strengthened 0.2% to $1.1212, while the Japanese yen appreciated to 158.30 per dollar. The dollar index fell 0.2% to 101.7.
The US 10-year Treasury yield declined 4 basis points to 4.919%.
Gold Prices Rise as Softer Oil Eases Inflation Concerns
Gold prices edged higher in early Asian trading as softer crude oil prices eased inflation concerns.
Spot gold gained 0.2% to $3,934.75 per ounce, while US gold futures for December delivery rose 0.1% to $3,943.20.
Investors are also awaiting US midterm election results and labour market data for further policy cues.
Angel One Reports 44.7% Monthly Growth in Gross Client Acquisition
Angel One reported a 44.7% month-on-month increase in gross client acquisition to 0.66 million in October, while acquisitions rose 16.4% year-on-year.
The company's client base increased 1.6% month-on-month and 17.4% year-on-year to 40.60 million.
Key operational metrics:
| Metric | October Performance |
|---|---|
| Gross client acquisition | 0.66 million |
| Client base | 40.60 million |
| Total orders | 139.31 million |
| Average daily orders | 6.97 million |
| Cash turnover market share | Declined 28 bps MoM |
The number of orders increased 13.9% month-on-month and 4.2% year-on-year, while average daily orders rose 19.6% month-on-month and 4.2% year-on-year.
Despite growth in client acquisition and trading activity, cash turnover market share declined 28 basis points month-on-month and 281 basis points year-on-year.
Razorpay Gets SEBI Approval for IPO, Targets $5 Billion Valuation
Payments company Razorpay has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering.
The company is reportedly targeting a listing in the fourth quarter of FY27, with a proposed valuation of $5 billion.
The IPO is expected to raise approximately $500 million to $600 million, although the final issue size could change depending on market conditions and investor demand.
FII and DII Activity: Foreign Investors Continue Buying
Foreign institutional investors (FIIs) continued their buying streak for the third consecutive session on November 3, purchasing equities worth ₹6,836 crore.
Meanwhile, domestic institutional investors (DIIs) extended their selling streak for the third consecutive session, offloading equities worth ₹3,678 crore.
