Why the Stock Market is Down Today? [04 November 2024]

Why the Stock Market is Down Today? [04 November 2024]

Stock market crash today: BSE Sensex and Nifty50, the Indian equity benchmark indices, plunged in trade on Monday. While BSE Sensex plunged over 1,400 points, Nifty50 went below the 23,900 mark. At 1:14 AM, BSE Sensex was trading at 78,526.57, down 1,198 points or 1.50%. Nifty50 was at 23,906.90, down 397 points or 1.64%.

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MCX Gold Declines with US Election, Fed policy in focus; Experts' Strategy for MCX Gold

MCX Gold Declines with US Election, Fed policy in focus; Experts’ Strategy for MCX Gold

Gold price today: Gold rates dropped significantly in the domestic futures market on Monday morning as investors exercised caution ahead of two critical events this week: the US election and the Federal Reserve’s policy announcement. Both are expected to significantly impact the movement of the US dollar, bond yields, and bullion prices going forward. MCX Gold for December 5 expiry traded 0.55 per cent down at β‚Ή78,430 per 10 grams around 9:30 am.

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WTI appreciates to near $69.00 due to PBoC rate cuts, easing geopolitical tensions

WTI appreciates to near $69.00 due to PBoC rate cuts, easing geopolitical tensions

West Texas Intermediate (WTI) Oil price edges higher following a more than 7% decline registered in the previous week, trading around $68.90 per barrel during the Asian hours on Monday. However, the downside may be limited as rate cuts in China, the largest Oil importer, are expected to stimulate domestic economic activity, potentially increasing demand for Oil. The People’s Bank of China (PBoC) lowered the 1-year Loan Prime Rate (LPR) to 3.10% from 3.35% and the 5-year LPR to 3.6% from 3.85%, aligning with expectations.

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