Markets News

Daily Market Update – Things that you must know

On Wednesday, the Indian stock market opened on a positive note in India with 40 points gain.

1. US markets: the sectors which have been affected by the lockdown and pandemic are in hopes that vaccine will come soon and the economy will be better.

2. Asian markets: the shares rise on Wednesday because everybody hopes to have a successful vaccine which will make the economic conditions better.

3. SGX Nifty: The stock market opened on a positive note in India with 40 points gains.

4. Oil gains nearly 3% on vaccine hope: on Tuesday nearly 3 per cent prices increased because of coronavirus vaccine and there will be a drop in fuel demand from new lockdowns to contain the virus.

5. Pfizer is in discussion with the government to bring its COVID-19 vaccine to India:

The company currently is in talks with the government for the distribution of vaccine in India.

6. Results on November 11: there are almost 600 companies which will declare their earnings.

some of the companies are Coal India, Apollo Hospitals Enterprise, Godrej Industries, Indraprastha Gas.

7. FII and DII data: Foreign institutional investors (FIIs) net bought shares worth Rs 5,627.32 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 2,309.19.

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