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US: Banks Closed For Veterans Day
UK: Conference Board Leading Index — 8:00 p.m.
As of 3:37 p.m., the Dow Jones Industrial Average future rose 0.29% to 44,269.00, and the S&P 500 future rose 0.28% to 6,042.25. The Nasdaq 100 future rose 0.29% to 21,293.50.
Market breadth was skewed in favour of sellers. Around 2,550 stocks declined, 1,545 stocks advanced, and 118 stocks remained unchanged on BSE.
The NSE Nifty 50 and BSE Sensex indices ended little changed. The indices struggled to reverse two–day losses in Monday's session.
Infosys Ltd., HDFC Bank Ltd., and ICICI Bank Ltd. shares weighed on the Nifty 50 index.
Asian Paints Ltd., Reliance Industries Ltd., and Mahindra & Mahindra Ltd. dragged the Nifty 50 index.
The NSE Nifty IT rose the most, and the NSE Nifty Media declined the most.
The NSE Nifty Midcap 150 ended 0.81% down at 20,749.95
The NSE Nifty Smallcap 250 ended 1.19% down at 17,423.90
KPI Green Energy Ltd. is set to consider a bonus issue of shares on Nov 14, it said in an exchange filing.
Niva Bupa Health Insurance IPO Subscribed 1.52 Times So Far On Final Day—Check GMP
Maruti Suzuki India launched new Dzire at Rs 6.79 lakh onwards.
These are introductory prices applicable till the end of 2024
The car will also be available in CNG, hybrid variants
Source: Dzire Live Event
For faster updates on second quarter earning releases for Monday click here.
Brokers Likely To Settle With SEBI Over Alleged Ties To Algo Trading Platform
LG Electronics Inc., the Seoul–headquartered parent of LG Electronics India, has appointed private lender Axis Bank Ltd. as one of the arranger of the initial public offer of its India arm, Bloomberg reported. Bank of America, JPMorgan Chase & Co, Citigroup Inc, and Morgan Stanley are other arrangers for this $1.5 billion IPO
KP Group appoints Alok Das as group chief executive officer with effect today, it said in an exchange filing.
Market breadth was skewed in favour of sellers. Around 1,945 stocks declined, 1,195 stocks advanced, and 117 stocks remained unchanged on BSE.
The yield on the 10-year bond opened flat at 6.81%, according to data on Cogencis.
At pre–open, the NSE Nifty 50 was 60.95 points or 0.25% down at 24,087.25, and the BSE Sensex was 187.86 points or 0.24% down at 79,298.46.
Rupee opened two paise weaker at 84.40 against the US dollar. It closed at 84.38 on Friday, according to data on Bloomberg.
Ashok Leyland doubled revenues of defense business in first half, said Shenu Agarwal, chief executive officer, Ashok Leyland.
The company hasn't reached peak of financial year 2019 yet. This cycle is expected to be longish, Agarwal said. The company is positioned in the second place in light commercial vehicle.
Zomato Ltd. share price may react in Monday's trading session as the company responded to antitrust law violation probe from the Competition Commission of India. The food–delivery service said that there's no breach in law in their business practice. Read more.
Most currencies of Asian countries were trading lower against the greenback as the dollar index remained firm around 105 mark it hit after Donald Trump's victory in the US election, last week.
The dollar index was trading 0.03% higher at 105.02 as of 8:13 a.m.
The Japanese yen was 0.47% down against the US dollar at 153.36 ad of 8:20 a.m. The Philippine peso was down 0.44%.
Bucking the trend the offshore Chinese yuan was trading 0.02% higher against the US unit at 7.1833 a dollar as of 8:20 a.m. IST.
Bullion continued to decline tracking relatively strong dollar index and US Treasury yields. The December future contract of the Gold was trading 0.53% down at $2,680.40 an ounce as of 7:57 a.m.
Maintains FY25 capex guidance at Rs 18,000 crore
FY26 Capex & commissioning at Rs 25,000-30,000 crore vs Rs 25,000 crore earlier
FY27 Capex & commissioning at Rs 40,000 crore vs Rs 30,000 crore earlier
Current work in hand at Rs 1.43 lakh crore, to commission Rs 1 lakh crore in next 2-2.5 years
Revises FY25-32 capex guidance to Rs 3.35 lakh crore vs Rs 2.07 lakh crore earlier
The company accounts for 50% of market share in upcoming bidding guidance
The bitcoin surpassed $81,000 mark for first time in early Asian trade hours as prospects of pro–crypto US Congress increases after Donald Trump's victory, Bloomberg reported. The digital asset rallied as markets bet that the Trump is likely to embrace it.
The Bitcoin was trading 6.46% higher at $81,279.09 as of 7:41 a.m.
Crude oil prices extended losses on Monday on worries over demand outlook after China reported lower than expected inflation in October. China reported 0.3% inflation rate in October, compared to 0.4% analysts projected in a Reuters' poll.
The January future contract of the brent crude was trading 0.27% lower at $73.67 a barrel as of 7:21 a.m. IST.
Pick HDFC Life and SBI Life as top picks
Maintain Overweight on HDFC Life, TP Rs 820 (+15.7%)
Maintain Underweight on ICICI Prudential Life, TP Rs 760 (+7.2%)
Maintain Overweight on SBI Life Insurance, TP Rs 2,040 (+29.8%)
Lifers reported moderation in individual APE to +12% YoY in Oct’24
Reduction in pace of growth lower than street expectations
HDFC Life and ICICI Prudential strong growth, life individual APE +21%/+22% YoY
Max Life growth higher than industry avg for private peers
SBI Life was tad lower than industry average, individual APE up 10% YoY
Share indices ended higher on Wall Street Friday to conclude the election–week on a positive note. The S&P 500 and Nasdaq Composite indices ended 0.38% and 0.09% higher, respectively. The Dow Jones Industrial Average ended 0.59% up.
Asia–Pacific markets were trading lower on Monday as details of China stimulus did not boosted investors' confidence to revive the demand in the world's second largest country.
The KOSPI and S&P ASX indices were trading 1.16% and 0.50% down, respectively as of 06:53 a.m.
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