The US stocks ended higher as the markets saw a fairly muted trading day on 28th November, with cautious investors assessing hints that the red-hot November rally might be overdone. The Dow Jones Industrial Average ended higher as the index went up by over ~0.2% while tech-heavy Nasdaq Composite saw an increase of ~0.3%. Benchmark S&P 500 went up by ~0.1%. Since global markets ended higher, the investors now see the end of November and are worried whether a pullback is coming or not? The significant surge in the stock prices have put some scrips for their best monthly performance in over a year.
November was indeed a strong trading month as both Dow and S&P 500 are set to end the month with strong increases of ~6.9% and ~8.5%, respectively. However, the Nasdaq has a climb of ~10.8%. Elsewhere, the UK equities ended lower at the close on Tuesday due to the losses in fixed line telecommunications, life insurance/assurance and real estate sectors which have impacted the overall market. Number of stocks declined have outnumbered the rising ones by 1012 to 621. However, 467 stocks ended unchanged on London Stock Exchange. Talking about the commodities trading, Gold Futures for December delivery saw an increase of ~1.39% or 27.95 to $2,040.35 a troy ounce. The UK shop price inflation declined for the sixth consecutive in November, touching levels not seen since the month of June 2022.
Crude oil for delivery in January saw an increase of ~2.56% or 1.92 to hit $76.78 per barrel, while February Brent oil contract increased ~2.37% or 1.89 to settle at ~$81.76 a barrel.
Coming to the Indian markets, BSE Sensex and NSE Nifty ended the 2-day losses to close the day higher on Tuesday due to the buying in auto, power and metal shares. Apart from this, Indian markets saw fresh foreign fund inflows. 30-share BSE Sensex saw an increase of ~204.16 points or 0.31% to end the day at ~66,174.20 in volatile trade. During the day, the index touched the high of ~66,256.20 and a low of ~65,906.65. Nifty went up by ~95 points or 0.48% to end at 19,889.70. Since global markets ended higher, the rupee on Tuesday saw a rebound from the record-low levels, increasing 6 paise to end at 83.34 (provisional) against the US dollar as a result of positive sentiments in the share market.
Read Also: