POST-MARKET SUMMARY 5th November 2024

On November 5, the domestic benchmark indices rebounded sharply after a decline in morning trade. Top Gainer: JSWSTEEL | Top Loser: TRENT

Liquide Post-Market Summary 5th November 2024

On November 5, the domestic benchmark indices rebounded sharply after a decline in morning trade. Bearish sentiment initially drove the indices down, but a strong recovery led by banking and metal stocks, reversed the trend, pushing the index above the previous session’s low. Nifty surpassed the 24,100 mark, while the Sensex rose over 1,100 points from the day's low, boosted by gains in bank and metal stocks.

Early market declines were attributed to foreign fund outflows and investor caution ahead of the US presidential election results and the Federal Reserve's interest rate decision, with FIIs selling equities worth Rs 4,329.79 crore on Monday.

 NIFTY:  The index opened 79 points lower at 23,916 and made a high of 24,229 before closing at 24,213. Nifty has formed a bullish candlestick pattern on the daily chart. Its immediate resistance level is now placed at 24,300 while immediate support is at 24,100.

BANK NIFTY: The index opened 163 points lower at 51,052 and closed at 52,207. Bank Nifty has formed a long bullish candlestick pattern on the daily chart. Its major resistance level is now placed at 52,360 while major support is at 51,800.

Indices closing for 5th November 2024
Major Market Indices data
FII/DII Data
Nifty Gainers & Losers

Stocks in Spotlight

▪  Tilaknagar Industries: Stock surged 15% and hit a record high after the company reported its September quarter results and the management projected crossing Rs 1,300 crore in revenue for FY25.

▪  Mazagaon Dock Shipbuilders:  Stock jumped 4% after reporting its September quarter results, which saw a sharp increase year-on-year across all parameters.

▪  Amara Raja Energy & Mobility: Stock slipped 4% and ranked among the top losers on the Nifty Small cap index after the company reported a 6% increase in Q2 profit.

 Global News 

▪  Asian markets mostly rose on Tuesday, a day before results from the US presidential election rolled in, with opinion polls showing a very close race, while Chinese equities were boosted by hopes over the country's economy.

▪  European stocks were little changed on Tuesday as global markets geared up for the U.S. presidential election.

▪  U.S. Treasury yields were modestly higher on Tuesday as investors readied themselves for the presidential election.


This document has been issued by Liquide Solutions Private Limited for information purposes only and should not be construed as

i) an offer or recommendation to buy or sell securities, commodities, currencies or other investments referred to herein; or

ii) an offer to sell or a solicitation or an offer for the purchase of any of the baskets of Liquide Solutions; or

iii) investment research or investment advice. It does not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this document. Investors should seek personal and independent advice regarding the appropriateness of investing in any of the funds, securities, other investment, or investment strategies that may have been discussed or referred to herein and should understand that the views regarding future prospects may or may not be realized. In no event shall Liquide Life Private Limited and/or its affiliates or any of their directors, trustees, officers and employees be liable for any direct, indirect, special, incidental or consequential damages arising out of the use of information/opinion herein.

With Liquide, you can explore stocks, trade securely in your own broker account, and receive expert-recommended trade setups. Stay updated with real-time tracking, market commentary, and AI-powered insights from LiMo, our intelligent bot. Whether you're a seasoned investor or a newbie, Liquide provides the tools you need to discover your next big investment opportunity. Download the app now from Google Play Store and Apple App Store to revolutionize your investment journey. Don't miss out on the chance to level up your investing game with Liquide.