📌GIFT Nifty signals a negative start. 📌India VIX rose nearly 5% to settle at 16.69 levels. 📌U.S. stocks closed slightly lower after a choppy session on Monday. 📌Asian equities were softer in early trading amid increasing risk-off sentiment. 📌Foreign portfolio investors turned net sellers at Rs 4,329 crore on Monday. 📌The rupee on Monday fell 4 paise to a record low of 84.11 against the USD.
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Shares of Bharat Forge Ltd. will be in focus on Tuesday, November 5, after Class 8 truck orders in North America fell short of seasonal expectations in the month of October. Class 8 truck orders in North America fell 6% month-on-month to 28,300 units. When compared to the same month last year, the Class 8 truck orders stood at 28,000 units, implying a 2% growth.
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Foreign investors are souring on India’s stock market, selling a record amount of shares amid signs the South Asian nation’s post-pandemic economic boom is losing steam. Global funds pulled out more than $10 billion on a net basis in October, helping drive the benchmark stock index toward a so-called technical correction.
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