Equity Market Update : 02.11.2018

Equity Market Update : 02.11.2018

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Indian benchmarks continued to edge higher during the noon trading session reclaiming 35,000-mark after nearly one month by surging over 590 points as buying pace gathered momentum, triggered by fall in global crude prices and encouraging corporate earnings. 

Moreover, positive leads from other Asian markets also fuelled the uptrend. Investor sentiment got a big push after Brent crude, the international benchmark, dropped below the USD 73-mark to quote at a seven-month low of USD 72.65 by falling 3.48 per cent, traders said. 

Adding to the upbeat mood, strengthening rupee against the dollar and a firm trend at other Asian markets, tracking overnight gains at the Wall Street after US President Donald Trump said trade talks with China were "moving along nicely". 

At 12: 30 hours, the 30-share benchmark index was trading at 34987.26 up by 555.29 points

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