US market opens higher: US stock futures rose on Monday evening (November 9) (India time), supported by a decline in crude oil prices. However, a sharp fall in Nvidia shares capped the gains. The S&P 500 opened 0.8 per cent higher, while the Nasdaq 100 gained 1 per cent. Meanwhile, Nvidia shares fell 8.8 per cent to their lowest level since March. Oil prices extended their decline at Monday’s open after United States President Donald Trump said he was highly unlikely to order new Iran attacks while discussions to end the conflict make progress, despite both nations’ reports of attacks on ships in or near the critical Strait of Hormuz. Brent was down 84 cents, or 0.85 per cent, to USD 97.48 a barrel by 0138 GMT, while West Texas Intermediate fell 32 cents, or 0.35 per cent, to USD 90.51 a barrel, Reuters reported. NVIDIA Perpetual Futures declined over 5 per cent on Monday, November 9, after the company’s board launched an independent probe involving chief executive and founder Jensen Huang. The development follows Huang’s admission of an extramarital affair with Alice Huang, whom US officials reportedly suspect is a Chinese spy.
The Indian stock market closed today’s (November 09) trade on a higher note. The Nifty50 closed the trade 58 points or 0.23 per cent higher at 25,044.65, while the 30-stock BSE Sensex settled 107 points or 0.13 per cent higher at 81,106.65. The market breadth remained in favour of bulls. Out of 3,698 stocks traded on the NSE, 1,629 advanced, while 1,959 stocks declined, and 110 scrips remained unchanged. In today’s session, 79 stocks hit a fresh 52-week high, while 38 stocks were at a new 52-week low.