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Stock Market Today: The GIFT Nifty was trading lower at 25,507 at 7:30 AM, down 32.50 points or 0.13 per cent on Friday, indicating a muted start for domestic equities.

Overnight, US markets ended mixed. The Dow Jones Industrial Average fell 397.77 points or 0.84 per cent to 46,934.23, while the S&P 500 edged higher by 4.75 points or 0.07 per cent to 6,764.25. Dow Futures were trading slightly positive, up 53.30 points or 0.11 per cent at 46,967 in early trade.

In Asia, sentiment remained weak. Japan’s Nikkei index tumbled 972.40 points or 1.91 per cent to 49,911.28, while Hong Kong’s Hang Seng lost 155.70 points or 0.59 per cent to 26,330.21. South Korea’s Kospi also declined 61.21 points or 1.52 per cent to 3,965.24.

Among European markets, Germany’s DAX dropped 1.31 per cent to 23,734.02, and France’s CAC 40 fell 1.36 per cent to 7,964.77. The FTSE 100 in the UK ended 0.42 per cent lower at 9,735.78.

Indian equity markets closed lower on Thursday, November 6. The Sensex slipped 148 points to close at 83,311, while the Nifty 50 ended 88 points lower at 25,510. The Nifty Bank index also fell 273 points to 57,554, as traders booked profits in heavyweight financials.

The US Dollar Index (DXY), which measures the dollar’s performance against six major currencies, was up 0.09 per cent at 99.79 on Friday morning. The Indian rupee weakened marginally by 0.06 per cent, closing at Rs 88.62 per US dollar on Thursday.

Crude oil prices edged higher in early Asian trade. West Texas Intermediate (WTI) crude rose 0.44 per cent to USD 59.70 per barrel, while Brent crude gained 0.42 per cent to USD 63.67 per barrel, supported by expectations of tightening supplies.

Foreign institutional investors (FIIs) were net sellers of Indian equities on Thursday, offloading shares worth Rs 3,263 crore, according to provisional data. Meanwhile, domestic institutional investors (DIIs) continued to support the market, turning net buyers with purchases worth Rs 5,284 crore.

Abhay Shukla is a Senior Sub-Editor at Zee Business, where he covers the stock markets, corporate news, personal finance, technology, and auto sectors.

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