Tue, Nov 5, 2024 9:05 AM
DJIA falls over 250 points as risk-off prevails ahead of US polls outcome
A Flip by Shubhangi Gupta
Stock Market Today: Shares of Tilaknagar Industries surged 11% to ₹322.75 apiece in early morning trade on Tuesday, November 5, following the company’s impressive results for the September quarter and its achievement of net debt-free status. The company reported revenue of ₹823.3 crore for the second quarter of FY25 (Q2 FY25), reflecting a quarter-over-quarter (QoQ) improvement of 9.7%.
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Gold December futures contracts at MCX opened flat today at Rs 78,235 per 10 gram, which is down by 0.24% or Rs 187 while silver December futures contracts were trading at Rs 94,092/kg, down by 0.2% or Rs 192. Gold prices fell by Rs 1,000/ 10 grams in the last one week while silver prices fell by Rs 4,600/kg in the same period. On Monday, gold and silver settled on a weaker note.
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On the day of the U.S. presidential election, traders squared positions, and the dollar began Tuesday on the defensive after recent polls dampened some market expectations on Republican Donald Trump winning. The U.S. currency, however, fell as much as 0.76% versus the euro overnight, hitting a three-week low, following a weekend poll that shown Harris with an unexpected lead in Iowa.
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