Stock Market LIVE: Nifty, Sensex Rise Slightly At Pre-Open ; Bajaj Finance, Vodafone Idea Shares In Focus
Follow NDTV Profit's blog for tracking movements of important stocks of the day, latest analysts' view, and stock market news.
LIVE: Rupee Opens Flat Against US Dollar
Rupee opened flat at 88.70 against US Dollar
Source: Bloomberg
Gold Price Near Rs 1,24,600 Levels
Gold prices in India stood at Rs 1,24,590 on Tuesday as the longest government shutdown in US history nears end.
The metal held gains after recording its biggest daily jump since May, trading around $4,140 an ounce. Gold remains on course for its strongest annual gain since 1979, having reached a series of record highs before retreating last month. US rate cuts have underpinned prices, which have also been buoyed by inflows into bullion-backed exchange-traded funds and sustained central bank buying.
Pre-Market Experts' View: Buying On Dips Likely To Take Place
"The Nifty is trading within a broad rising channel, holding firm above its key support zone at 25,500–25,550. A sustained breakout above 25,700–25,820 could trigger fresh momentum toward 26,000, while a slip below 25,500 may prompt a retest of 25,300–25,150. Overall, as long as the index holds above the lower channel base, the broader market structure remains constructive, with dips likely to attract renewed buying interest."Ponmudi R, CEO, Enrich Money
"We expect markets to remain range-bound tracking global cues, while optimism around better than expected corporate earnings and any progress in India–U.S. trade talks could provide upside support."Siddhartha Khemka, Head, Research, Wealth Management, Motilal Oswal Financial Services
‘I’m Going Quiet’: Warren Buffett’s Farewell Letter To Shareholders As CEO
Warren Buffett, in his final letter as Chief Executive Officer of Berkshire Hathaway, on Monday told shareholders that he will be “going quiet” once he steps down at the end of this year.
After nearly six decades at the helm, Buffett will no longer pen the famed annual letter that has accompanied the company’s report since 1965. His successor, Greg Abel, will take over as CEO and continue the tradition of writing to shareholders. However, Buffett said he will still send his personal Thanksgiving message each year to his children and shareholders.
Asia Markets LIVE: South Korea's KOSPI Jumps 2%
Markets in Asia rose on optimism that the end of the US Government shutdown is close and artificial intelligence-led recovey rally. South Korea's KOSPI jumped nearly 2%.
Japan's Nikkei 225 and South Korea's KOSPI were trading 0.39% and 1.84% higher, respectively as of 7:36 a.m.
