Market Savera - 29/10/2024
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U.S. stocks closed higher on Monday as Wall Street geared up for a busy week packed with quarterly earnings from megacap technology companies and the final stretch before the Nov. 5 presidential election, Asian equities were mixed Tuesday as traders prepared for the US election and key economic data that will set the stage for the next Federal Reserve decision. BPCL’s Russia oil intake share falls to 34% in September qurter Airtel to split DTH and entertainment business Prestige estae acquired land in bangaluru for Rs. 462 cr Nifty snapped a five–day losing streak on October 28 as oversold conditions, lack of aggressive FPI selling, Cash market volumes rose as Bank stocks seem to be coming back in favour. Nifty could now rise to face resistance at 24567, while the 24073-24135 band could offer support in the near term. Sustenance of this upmove over the next few days will be crucial to lead to return of buying interest from all classes of investors. Indian markets could open flat to mildly higher, in line with mixed Asian markets today and positive US markets on Oct 28
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