Stock Market Update – Reasons Why Nifty 50 opened at negative note?

On 29th October nifty opened negatively in India with a 51 point loss.

US markets: on Wednesday, the stocks collapsed which was last seen in July.

The main reason is because of the increase in the number of covid cases.

Asian markets: on October 29th the Asian stocks will be joining an all together sell-off because of the continuous rise in covid cases in Europe.

SGX nifty: today there was a negative start with a total of 51 point loss.

Oil plunges over 5% to four-month low: oil prices also fell on Wednesday because of the increasing infection cases in united states and Europe.

Record US third-quarter growth assured as goods trade deficit falls, inventories rise: in September the goods narrowed which is worst in economic growth.

Financial conditions recover significantly after hitting the abyss in April: CRISIL: The recovery rate in India is very good but still there is a point of concern everywhere.

ECB to pave way for more stimulus as recession fears grow: on Thursday a new fresh stimulus would likely be presented.

RBI imposes monetary penalty on DCB Bank, Jio Payments Bank for rule violations: on October 28 RBI makes penalty on the DCB bank and jio payments.

Results on October 29: 89 companies will declare their quarterly earnings on October 29. some of the companies are Maruti Suzuki, Canara bank, etc.

FII and DII data: Foreign institutional investors (FIIs) net sold shares worth Rs 1,130.98 crore.

Whereas domestic institutional investors (DIIs) net bought shares worth Rs 1.48 crore in the Indian equity market.


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