Pre-market action: Here's the trade setup for today's session
Mon, Nov 4, 2024 8:46 AM

Pre-market action: Here's the trade setup for today's session

A Flip by Avya Verma
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📌Markets experienced range-bound consolidation last week, showing significant volatility but ultimately ending slightly higher, marking a pause in the four-week losing streak. 📌Looking forward, analysts expect markets to remain sensitive to foreign fund outflows and a subdued earnings season. 📌In the current week, investor attention will also be on developments in US markets.

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Top Gainers and Losers today- 8 November, 2024

Top Gainers and Losers today- 8 November, 2024

📌The top gainers in the Nifty index included Mahindra & Mahindra (up 2.89%), Titan Company (up 2.10%), Tech Mahindra (up 1.84%), Infosys (up 1.49%), and Nestle India (up 1.45%). 📌Conversely, the top losers were Trent (down 3.18%), Coal India (down 2.60%), Asian Paints (down 2.58%), Tata Steel (down 2.24%), and Shriram Finance (down 2.03%).

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Amara Raja, Exide Industries slide up to 30% from recent peaks

Amara Raja, Exide Industries slide up to 30% from recent peaks

Shares of 📌Amara Raja Energy and 📌Exide Industries have been on a consistent downward trajectory over the past five months. Their recent financial results for the September quarter have failed to boost investor sentiment. At current levels, Amara Raja Energy's stock is trading at a 27% decline from its recent peak of ₹1,775. Exide Industries' shares are down 30% from their high of ₹620.

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Indian rupee to depreciate further after Trump's win, say experts

Indian rupee to depreciate further after Trump's win, say experts

The INR is likely to see further depreciation against the USD in the near term owing to Donald Trump’s presidential win. This has fueled an expectation that the dollar index will remain high, currency experts said. The rupee remains volatile, evident from the dip in India's forex reserves in the last four weeks. Per RBI’s data, forex reserves dipped $3.463 bn during the week ending October 25.

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