Due to selling in IT and private banking companies, Indian markets started the week weakly.
The Nifty50 down 59 points, or 0.23%, to 25,663, while the BSE Sensex began at 83,788, down 150 points, or 0.18%.
The Nifty Midcap index saw no change in overall trading, but the Smallcap index saw a 0.5% increase.
Global Cues
Investors around the world are anticipating important macro data, such as US updates on auto sales, household debt, and factory activity, as well as China’s manufacturing numbers, which are due later today. On the home front, traders will be looking for indications of economic strength in the October HSBC Manufacturing PMI Final.
Markets in Asia opened in a mixed manner following Friday’s stronger Wall Street closing. Australia’s S&P/ASX 200 fell 0.40%, while South Korea’s Kospi increased 1.04%. Japan has a public holiday, thus its markets are closed.
US markets rose on Friday, October 31, driven primarily by confidence regarding Amazon’s positive outlook. Caution regarding the Federal Reserve’s potential rate-cutting strategy restrained gains. The Dow Jones finished higher, the Nasdaq increased by 0.61%, and the S&P 500 increased by 0.26%.
