Stocks like Bosch, MedPlus Health Services, PNC Infratech, Sula Vineyards, Gujarat State Fertilizers & Chemicals, DCX Systems, PTC India, Repco Home Finance, and Varun Beverages will also be in focus on November 13….Read More
The U.S. dollar held near a 6-1/2-month peak against major peers and bitcoin was solidly poised just below record highs on Wednesday as markets sized up so-called Trump trades ahead of key U.S. inflation data later in the day.
The dollar is reaping the benefits of Republican Donald Trump’s victory in the U.S. presidential election last week, with investors pricing in policies of lower taxes and trade tariffs under the incoming administration that are seen as inflationary.
The U.S. dollar index, which measures the currency against a basket of currencies, tacked on 0.02% to 106.01, not far from Tuesday’s high of 106.17, its strongest since May 1.
Bitcoin paused its record-breaking climb, down 0.23% at $87,105.05 after hitting an all-time high of $89,998 on Tuesday. Trump has vowed to make the U.S. “the crypto capital of the planet”.
India’s industrial growth rebounded to 3.1 percent in September after contracting to a 22-month low of 0.1 percent in the previous month, as all three major industries recorded an improvement owing to stocking ahead of the festive season.
The manufacturing sector, which has a two-thirds weight in the index of industrial production, rose 3.9 percent from 1.1 percent in the previous month. The mining and electricity industries recorded positive growth compared with contraction in the previous month. Read More
India’s retail inflation rose to a 14-month high of 6.2 percent in October compared with 5.5 percent in the previous month, as food inflation galloped on the back of rising vegetable prices.
Food inflation rose by double digits for the first time in fifteen months to 10.9 percent from 9.2 percent in the previous month, according to data released by the government on November 12. Read More
The Rs 10,000-crore initial share sale of NTPC Green Energy, the wholly-owned subsidiary of the country’s largest power generation company NTPC, will open for subscription on November 19, with a price band at Rs 102-108 per share.
The public issue, which consists of an entirely fresh issue with no offer-for-sale component, will close on November 22, while the institutional investors can participate in the anchor book of up to Rs 3,960 crore on November 18. Read More
#1 Wall Street rally takes a pause ahead of October CPI data
#2 Dow down nearly a percent, S&P & Nasdaq too inch lower
#3 US October CPI seen rising 0.2% for the month
#4 Asian markets follow Wall Street lower
#5 GIFT Nifty signals a weak start
#6 European markets log worst daily fall since August as mining stocks slide
#7 Dollar rises to 4-month high against major peers
#8 US 10-year yield moves higher ahead of key data
#9 Dollar rally pushes gold close to two-month low
#10 Oil prices stay near 2-week low after OPEC lowers demand outlook
#11 OPEC lowers 2024 world oil demand to 1.82 mn bpd vs 1.93 mn bpd
#12 Bitcoin briefly tops USD 90,000
Asian stocks fell to the lowest level in almost two months before US inflation data that may further sap confidence in the pace of Federal Reserve interest-rate cuts.
Trends on GIFT Nifty indicate a negative start for the broader index in India, with a loss of 38 points or 0.16 percent. The Nifty futures were trading around 23,899.50 level.
Wall Street’s three major indexes closed lower on Tuesday as investors booked some profits from a post-election rally and waited anxiously for U.S. inflation data due this week.
The Dow Jones Industrial Average fell 382.15 points, or 0.86%, to 43,910.98, the S&P 500 lost 17.36 points, or 0.29%, to 5,983.99 and the Nasdaq Composite lost 17.36 points, or 0.09%, to 19,281.40.
The Nifty 50 is now near the 23,800 support level. If it decisively breaks this level, the likely selling pressure could drive the index down to 23,500. Meanwhile, resistance is placed in the 24,000-24,200 zone, experts said….Read More
The Indian equity indices ended weak with Nifty falling below 23,850, intraday, in yet another volatile session on November 12, amid selling across the sectors.
At close, the Sensex was down 820.97 points or 1.03 percent at 78,675.18, and the Nifty was down 257.80 points or 1.07 percent at 23,883.50.
Biggest losers on the Nifty were Britannia Industries, HDFC Bank, NTPC, Asian Paints and Bharat Electronics, while gainers included Trent, HCL Technologies, Sun Pharma, Infosys and Reliance Industries.
Among sectors, all the sectoral indices ended in the red with auto, bank, capital goods, FMCG, metal, oil & gas, power, telecom, media, pharma falling 0.5 percent-2 percent.
BSE Midcap and Smallcap indices shed 1 percent each.