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Futures contract of US benchmark indices traded with little change at 3:27 p.m. Dow Jones was at 43,109.00 down 0.08% while S&P 500 rose 0.12% to 5,868 and Dow Jones rose 0.18% to 20,486.25.
Japan: Banks are closed for Health and Sports Day
US: Banks are closed for Columbus Day
US: Federal Reserve Bank of Minneapolis President Neel Kashkari will participate in a panel discussion at the Central Bank of Argentina's Money and Banking Conference, in Buenos Aires — 6:30 p.m. IST
Market breadth was skewed in the favour of buyers. As many as 2,070 stocks rose, 1,972 declined, and 153 remained unchanged on the BSE.
The NSE Nifty 50 and BSE Sensex ended at over one–week high.
Infosys Ltd., HDFC Bank Ltd. were top leaders in the index.
Maruti Suzuki India Ltd., and Nestle India Ltd. were top losers in the index.
The NSE Nifty Realty and Nifty IT were top gainers among sectoral indices.
The NSE Nifty Midcap 150 ended 0.38% higher at 22,061.75.
The NSE Nifty Smallcap 250 ended 0.29% higher at 18,265.15.
RPP Infra Projects Ltd. received a Letter Of Acceptance for new projects worth Rs 127 crore in Maharashtra, it said in an ex
Get all live updates about Reliance Industries Ltd Q2FY25 earnings at NDTV Profit's online website. Click here to visit RIL Q2 Results live blog.
Bondada Engineering Ltd. received a Letter Of Award For Rs 390 crore project from Maharashtra State Power Generation Co, it said in an exchange filing.
Revenue rose 36% to Rs 1,030 crore from Rs 760 crore
Net Profit was at Rs 8.5 crore compared to Loss of Rs 54.5 crore
Ebitda at Rs 17.8 crore vs Rs 0.8 crore
Ebitda margin at 1.7% vs 0.1%
Net Loss of Rs 262 crore compared to loss of Rs 175 crore
Revenue fell 35.4% at Rs 886 crore compared to Rs 1,372 crore
Ebitda loss at Rs 45 crore compared Ebitda of Rs 36 crore
Bharti Airtel Ltd.'s arm partnered with Zscaler to introduce Airtel Secure Digital Internet, it said in an exchange filing.
Hindustan Construction Co. Ltd. received a Letter of Acceptance from Maharashtra government for construction of two-lane bridge for Rs 1,032 crore in the state, it said in an exchange filing.
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Lemon Tree Hotels signed a license pact for 65-room hotel in Dibrugarh, Assam, it said in an exchange filing.
Unicommerce eSolutions partnered with Hidesign to Strengthen E-commerce operations, it said in an exchange filing.
India's August Wholesale Inflation Eases To 1.3% As Fuel In Deflation: Anand Rathi
Aviator ML Files insolvency plea against SpiceJet in NCLT. Aviator ML claims dues of Rs 58.6 crore from SpiceJet . The NCLT will Hear Aviator ML's Plea Against SpiceJet On November 11.
Source: Informist
Vascon Engineers Ltd. received an order worth Rs 57.23 crore from the Maharashtra Government. The company will construct commercial buildings at Kalbadevi Girgaon, it said in an exchange filing.
JSW Energy Ltd. signed a power purchase agreement with NTPC Ltd. for 700 megawatt solar capacity, it said in an exchange filing.
Demeter Advisors think there is a deep correction in the offing.
Market may be set for a bit of consolidation.
Markets will see some time correction for sure, unsure if it will be a price correction.
As supply continues to rise, it makes it difficult for markets to keep going up
Source: Ashwini Agarwal, Founder, Demeter Advisors to NDTV Profit
The Nifty 50 is still trading 15% in the green on a year-on-year basis but in the month gone by, the reading is in the red. Nearly 40% of Nifty 50 stocks are in the correction mode, according data collated by NDTV Profit. The benchmark Nifty 50 hit an all time high of 26,277.35 on Sept. 27. Since then, the benchmark has pulled back 5% from the milestone. Read more
DMart Share Price Falls As Analysts Wary Of Slow Growth In Q2
Market breadth was skewed in favour of buyers. Around 1,897 stocks rose, 1,118 stocks declined, and 138 stocks remained unchanged on BSE.
At pre–open, the NSE Nifty 50 was 59.20 points or 0.24% higher at 25,023.45, and the BSE Sensex was 0.24% higher at 81,576.93.
Hyundai India IPO: Who Can Invest How Much In India's Largest IPO
The yield on the 10-year bond opened flat at 6.78%. It closed at 6.79% on Friday, according to data on Bloomberg.
Rupee strengthened by 2 paise to open 84.05 against the US dollar. It closed at 84.07 on Friday.
The currency hit an all-time low of 84.09 on Friday, according to data on Bloomberg.
JP Morgan on L&T Initiates 'Overweight' rating with a target price Rs 4,360, which implied a 25.2% upside
Trading at 25x FY26E core EPS with 23% EPS CAGR over FY24-FY27E
Believes co offers attractive combination of growth at reasonable valuation
Expects 60 basis points core margin expansion over FY24-FY27E
Expects L&T well suited to benefit from capex tailwinds in India and Middle East
Gold prices eased slightly in Asian trade on Monday as the dollar index regained strength to trade near two–month high after strong inflation prints from the US weighed on rate cut expectations.
The Bloomberg spot gold was down 0.08% down at $2,654.55 an ounce as of 08:27 a.m., according to data on Bloomberg terminal.
Asian currencies slid against the US currency as the dollar index continued to trade near two–month high on Monday as recent strong economic data from the US brushed off possibility of a 50 basis points rate cut.
The South Korean Won declined the most against the US dollar compared to peers. It was trading 0.44% down against the greenback as of 08:15 a.m. IST.
The Thai Baht and Malaysian Ringgit were the top loser after the South Korean unit. Both were trading 0.33% and 0.22% down as of 08:15 a.m. IST, as per Bloomberg terminal.
The dollar index, which measures the strength of the greenback against six major currencies, rose as much as 103.12. It was trading 103.01 as of 08:18 a.m.
The greenback gained strength after data showed US PPI remained unchanged in September, and the core US PPI rose.
The index touched 103.20, the highest level since Aug 15 on Thursday when data showed US CPI fell less than expected in September, while core CPI rose.
Rates outperform cuts target price from Rs 5,650 to Rs 5,360
Cuts FY25-FY27 estimates 13%-15%
Believes DMART is making the appropriate pivot to private labels which will place it well to meet future competition
Believes DMART's low cost model remains largely unchallenged in the medium term
Remains confident in DMART's model and long-term store growth, while optimistic about quick commerce prospects.
Emkay initiated 'Buy' rating on NALCO with a target price Rs 275, which implied a 23.4% upside
Sees solid earnings momentum over next 2-3 years
Expects EBITDA to double to Rs 6,100 cr by FY27E
Market sentiment to turn positive as company delivers on profitability
Delivery of the 1mt alumina refinery expansion project to provide a fillip
Valuations appear undemanding at 7.7x FY26E EV/EBITDA
Crude oil prices were trading over 1% down in Asian trade Monday as China's Finance Ministry briefing did not offer any new incentive to support consumption in the world's second largest economy. Moreover, China's CPI came weaker than expected, while PPI declined at the fastest pace in six months, raising concerns about deflations.
Worries over China's recovery and deflation trend weighed on crude oil's demand outlook. The brent crude was trading 1.30% down at $78.00 a barrel as of 07:19 a.m.
Markets in Asia–Pacific region were trading higher as investors assess outcome of the Chinese Ministry's briefing over the weekend. Markets in Japan remained closed on Monday.
The KOSPI and S&P ASX 200 were trading 0.75% and 0.37% higher, respectively as of 07:02 a.m.
US stocks closed higher on Friday after touching fresh high tracking sharp gains in bank stocks as earning season started, Bloomberg reported.
The S&P 500 ended 0.61% higher at 5,815.03 after it scaled its 45th record high. The Nasdaq Composite and Dow Jones Industrial Average ended 0.33% and 0.97%, higher respectively on Friday.
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