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Nifty ends above 18,100, Sensex gains 114 pts; metals outshine

Indian benchmark indices ended on positive note in the volatile session on November 4.

At Close, the Sensex was up 113.95 points or 0.19% at 60,950.36, and the Nifty was up 64.50 points or 0.36% at 18,117.20. About 1997 shares have advanced, 1356 shares declined, and 129 shares are unchanged.

Adani Enterprises, Hindalco Industries, Bajaj Finserv, Adani Ports and JSW Steel were among the top Nifty gainers. Losers included Hero MotoCorp, Dr Reddy’s Laboratories, BPCL, Cipla and HDFC Life.

Among sectors, Metal index up 4 percent and PSU Bank index up 1 percent, while Pharma index down 1 percent.

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Fag-end buying drives Sensex 114 higher; Nifty above 18,100, Adani Enterprises rallies 7%, Hero Moto sheds 2%.

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Mining Stocks, Base Metals Roar Higher on China Optimism

Mining stocks rose sharply on Friday as base metals prices gained in response to a report that bolstered hopes for a quick relaxation to China’s Zero-COVID policy.

Bloomberg reported earlier that China is working on plans to scrap a system that penalizes airlines for bringing virus cases into the country. The report revived this week’s strong rally in Chinese stocks, which had begun when unverified claims on Chinese social media said the government may put together a new committee to coordinate an exit from a policy that has acted as a drag on the world’s second-largest economy all year.

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Oil climbs as dollar slips, but demand fears keep a lid on gains UPDATE BY www.octamx.com (CALL: 9634688334)

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Oil prices turned higher on Friday as the dollar eased, but gains were capped by recession fears and fresh concerns that COVID outbreaks will dent fuel demand in China.

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Oil climbs as dollar slips and supply risks linger.

Oil climbed on Friday as the dollar eased and supply risks lingered, though recession fears and China’s COVID outbreaks kept a check on prices.

Brent crude futures were up $1.84, or 1.9%, to $96.51 a barrel at 0740 GMT. The contract is headed for a weekly climb of more than 0.5%.

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12:30 PMUSNon Farm Payrolls OCT263K200K240K
12:30 PMUSUnemployment Rate OCT3.5%3.6%3.5%
12:30 PMUSAverage Hourly Earnings MoM OCT0.3%0.3%0.3%
12:30 PMUSAverage Hourly Earnings YoY OCT5%4.7%5%
12:30 PMUSParticipation Rate OCT62.3%62.3%
12:30 PMUSManufacturing Payrolls OCT22K15K18K
12:30 PMUSAverage Weekly Hours OCT34.534.534.5
12:30 PMUSGovernment Payrolls OCT-25K5K
12:30 PMUSNonfarm Payrolls Private OCT288K200K235K
05:00 PMUSBaker Hughes Oil Rig Count 04/NOV610
05:00 PMUSBaker Hughes Total Rig Count 04/NOV768

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