Stock Market LIVE: Nifty Bank Hits New High At Open
The NSE Nifty Bank rose 0.11% to a new high of 59,026.85. The index was trading 0.03% higher at 58,996.5 as of 9:26 a.m.
Sectoral Performance At Open: Nifty Metal Declines Most
Nifty Detractors: RIL, ICICI Bank, Bajaj Finance Shares Weigh
Reliance Industries Ltd., ICICI Bank Ltd., Bajaj Finance Ltd., Larsen & Toubro Ltd., and Kotak Mahindra Bank Ltd. shares weighed on the Nifty 50 index.
Axis Bank Ltd., Max Healthcare Institute Ltd., Bharat Electronics Ltd., HDFC Bank Ltd., and Bajaj Auto Ltd. shares added to the NSE Nifty 50 index.
Markets At Open: Nifty, Sensex Open Lower
The NSE Nifty 50 and BSE Sensex opened lower as ICICI Bank Ltd. and Bajaj Finance Ltd. shares weighed. The indices were trading 0.26% and 0.31% down, respectively as of 9:20 a.m.
Yield On 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.50%
Source: Bloomberg
LIVE: Rupee Opens Weaker Against US Dollar
Rupee opened 3 paise weaker at 88.67 against US Dollar
It closed at 88.64 a dollar on Monday
Source: Bloomberg
Gold Price Falls Near Rs 1,23,500 Levels
Gold prices in India fell to Rs 1,23,430 on Tuesday, extending decline for the third session.
The metal extended decline after it ended Tuesday's session 4% lower, trading around $4,034 an ounce. Gold remains on course for its strongest annual gain since 1979, having reached a series of record highs before retreating last month. US rate cuts have underpinned prices, which have also been buoyed by inflows into bullion-backed exchange-traded funds and sustained central bank buying.
PhysicsWallah IPO Listing Today: GMP Jumps Ahead Of D-Street Debut
The listing of PhysicsWallah Ltd. will be in focus as investors await the company's debut on the stock market.
Shares of PhysicsWallah will list on the BSE and NSE on Tuesday, November 18. The share allotment status for the PhysicsWallah IPO was finalised on Friday. Successful bidders were allotted the shares on Monday, and refunds were also issued on the same day.
Five Stocks To Buy: Airtel, HUDCO, KEI Industries, Marico, Siemens
NDTV Profit brings these five stocks for Tuesday's trading session from various analysts' recommendations. Traders choose from telecommunication, consumer, infrastructure, and electrical sectors.
Analysts projected the highest upside potential for the Housing and Urban Development Corp share price for Tuesday's close price.
Find out more details here.
Global Cues: Oil Steadies With Global Surplus and Russian Sanctions In Focus
Oil steadied as investors weighed the impact from an emerging surplus against US sanctions on Russia that have upended some crude flows.
West Texas Intermediate traded below $60 a barrel after a modest loss in the previous session. Brent closed near $64.
Read the full Bloomberg article here.
Gold, Silver Rally Driven By FOMO, Supply Squeeze: Prices To Normalise Post-December, Says Ajay Kedia
The record run in gold and silver prices, which saw them hit new highs not seen since 1980 or 2011, was primarily driven by a mix of market sentiment, tight supply and auspicious buying, according to Ajay Kedia, director of Kedia Advisories.
Kedia notes that while the initial price correction was expected, the subsequent upward movement was due to geopolitical pressure and supply-side constraints. "The prices had corrected but moved up because of pressure and tension. There was a supply squeeze for silver due to demand from various sectors," he said in a conversation with NDTV Profit on Monday.
Asia Markets LIVE: Japan's Nikkei 225 Plunges Over 2%
Markets across Asia logged steep losses as uncertainty looms. Market participants keenly await for Nvidia Corp's earnings reports and US jobs data, scheduled for release later this week.
The Nikkei 225 was trading 1.98% down and the KOSPI was 1.44% down at 7:06 a.m.
LIVE: GIFT Nifty Implies Negative Open; Mphasis, Paytm, PTC Industries Shares In Focus
The GIFT Nifty was trading 0.08% or 22 points down at 26,008, which hinted a negative open for the benchmark index NSE Nifty 50 index. Losses in Asian equities will also likely to weigh on Indian indices as well.
Mphasis Ltd., One 97 Communication Ltd., PTC Industries Ltd., JSW Infrastructure Ltd., Emcure Pharmaceuticals Ltd., and Tata Power Ltd. shares will likely to move because of overnight newsflow.
Indian benchmark indices ended on a firm positive note on Monday, with the Sensex advancing 388.17 points or 0.46% to end at 84,950.95, and the Nifty gaining 103.40 points or 0.40% to close at 26,013.45.
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