US: Building Permits — 7:00 p.m.
US: Housing Starts — 7:00 p.m.
US: Federal Reserve Bank of Kansas City President Jeffrey Schmid will speak at the Greater Omaha Chamber — 11:40 p.m.
US futures declined as risk–off sentiment rose after Ukraine striked deep inside Russia with non–nuclear western weapons. News report said that this could lead to retaliation from the Russia with nuclear weapon.
As of 3:33 p.m., futures contract of both S&P 500 and Nasdaq 100 traded 0.5% lower while that of Down Jones fell by 0.6%.
Market breadth was skewed in the favour of buyers. Around 2,313 stock rose, 1,649 declined, and 97 remained unchanged on the BSE.
Mahindra & Mahindra Ltd., Tech Mahindra Ltd., and HDFC Bank Ltd. were top gainers in the Nifty 50 index.
SBI Life Insurance Co., Hindalco Industries Ltd., and Reliance Industries Ltd. were top loser in the index.
The NSE Nifty Metal was the top performing sectoral index, and the NSE Nifty Media was the worst performing sectoral index.
The NSE Nifty Midcap 150 ended 1.02% higher at 20,273.65.
The NSE Nifty Smallcap 250 ended 1.10% higher at 16,876.15.
The euro declined against the US dollar as the greenback erased losses from previous session. Market participant await the headline inflation numbers for October from the region, which will be published at 3:30 p.m.
The euro was down 0.56% to 1.0539 a dollar as of 2:24 p.m., and the pound sterling was down 0.33% down at 1.2636 a dollar.
Bharat Forge Ltd. is in contract negotiation with the Defence Ministry for the Advanced Towed Artillery Gun System, the company said in an exchange filing.
Man Industries (India) Ltd.'s board will consider sale of asset of unit on November 21, it said in an exchange filing.
LTIMindtree Ltd. extended pact with Europe's Nexi Group for IT solutions, it said in an exchange filing.
IRFC, BHEL, Other PSU Stocks Surge On Revised Guidelines On Dividend Payments And Share Buybacks
Rupee fell 3 paise to a record low of 84.42 against the US dollar. It closed at 84.39 on Monday, according to data on Bloomberg.
Unicommerce Esolution Ltd. has expanded its partnership with Sugar Cosmetics to offer retail operation solutions, according to an exchange filing.
IndiGo Share Price Gains As Goldman Sachs Upgrades Target Price, Positive On Traffic Growth
Akums Drugs and Pharmaceuticals Ltd. has acquired exclusive rights to sell certain Caregen products in India, the company said in an exchange filing.
NBCC (India) Ltd. has received multiple orders worth Rs 112 crore, according to an exchange filing.
PG Electroplast Share Price At Life High After Sipro Mobility Deal
Two Indian Stocks Make It To HSBC's Asia Picks For 2025
The IPO was subscribed 0.15 times, or 15%, as of 11:42 a.m. on Tuesday.
Qualified institutional buyers: Nil.
Non-institutional investors: 0.06 times, or 6%.
Retail investors: 0.64 times, or 64%.
Portion reserved for employees: 0.08 times, or 8%.
Portion reserved for shareholders: 0.26 times, 26%.
Havells India Ltd. is to set up refrigerator manufacturing unit in Rajasthan with an investment of Rs 480 crore. The unit will have a production capacity of 14 lakh units, the company said in an exchange filing.
Shilpa Medicare received Europe Regulator's Certificate Of Suitability For Nifedipine active pharmaceutical ingredient, it said in an exchange filing.
DCM Shriram Ltd. increased capacity at Uttar Pradesh sugar plant by 2,100 tonnes of cane crushed per day, it said in an exchange filing.
TVS Motor Co. launched new Apache RTR 160 priced at Rs 1.4 lakh ex-Showroom, it said in an exchange filing.
Waaree Energies Share Price Falls Over 6% As Q2 Revenue Remains Flat
Market breadth was skewed in favour of buyers. Around 2,411 stocks advanced, 475 stocks declined, and 79 stocks remained unchanged on BSE.
At pre–open, the NSE Nifty 50 was 0.32% higher at 23,529.55, and the BSE Sensex was 0.27% higher at 77,548.00.
The yield on the 10-year bond opened flat at 6.85%. It closed at 6.85% on Monday, according to data on Bloomberg.
Rupee Opens Flat For The Second Day Against Dollar Amid RBI Intervention
Morgan Stanley upgrades Suzlon Energy to Overweight, and cut target to Rs 71 vs Rs 78 earlier. The current target price implied a 20% upside
Stock's steep 35% correction from 52 week high offers an opportunity
Strong factors: Business moat, large 5.1 GW backlog
Expect company's market share to rise to 35–40% by FY27 vs 25% in FY24
Sales volume for financial year 2025 is estimated to fall to 1.3GW vs 1.5GW earlier
F25-27 total sales volumes estimate unchanged at 7.15GW
Retains FY26/27 margin estimates at 10%/12%
Key risks: Capacity addition delays, higher opex, higher competition
India's Rs 1.5 Lakh Crore Buy-On-Dips Investments Bruised As Global Funds Slash Exposure
Nomura Downgrades Indraprastha Gas Ltd. to 'Reduce', and keeps 'Reduce' on Mahanagar Gas Ltd.
Brokerage cuts IGL's target to Rs 340 (4.5% upside)
Brokerage cuts MGL's target to Rs1130 (no upside/downside)
Ratings and targets reduced due to lower domestic gas allocation
CGDs to face double whammy of lower margins, volume growth
Expect IGL/MGL to raise CNG prices by Rs 8-9/Rs 9-10 per kg
Expect triple whammy to be in store if PNGRB declares GAs as common carriers
Oil future prices steadied in Asia trade after posting the biggest gain in five weeks, Bloomberg reported. It was trading 0.04% higher at $73.33 a barrel as of 08:14 a.m.
Crude oil future prices rose as concerns increased over the commodity's supply outlook after production at the east–Europe's largest oilfield, Sverdrup halted because of an onshore power outage, Reuters reported.
Moreover, a decline in the US dollar prompted traders to stock up the commodity, which added to rise in prices. A decline in the greenback make the commodity cheap for other currency holders.
Most currencies in Asia rose against the greenback as the dollar index started to retreat from over one–year high. The Japanese yen was trading 0.34% higher at 154.14 as of 08:15 a.m. The offshore Chinese yuan was trading 0.15% higher at 7.2381.
The dollar index, which measures the strength of the greenback against six major currencies, snapped a six–day gaining streak to end 0.39% down at 106.28 on Monday. It was trading 0.06% down at 106.21 as of 8:10 a.m.
Gold Price Marginally Recovers, Holds Above Rs 75,000 Mark — Check Rates
The yield on the US 10–year treasury note was trading flat with negative bias on Tuesday as concerns of likely impact of tax cuts and tariff hikes by the Donald Trump administration weighed.
The yield on the benchmark US 10–year treasury note was trading flat at 4.41%. It declined 3 basis points to 4.41% on Monday.
Asian Stocks Echo Wall Street Gains With Nvidia Earnings In Focus
Maintain buy, target: Rs485, upside 50.5%
Opens a 90D Positive Short-term View.
Stocks corrected by 28% since announcing buyback
Positive points:
Upcoming pickup in tenancies from Voda Idea starting 3QFY25E
Acceleration in recovery of past dues from VI
Declining capex aiding FCF generation;
Improving visibility of dividend reinstatement by 4QFY25E.
Most US stock indices ended higher on Monday as treasuries declined, Bloomberg reported. Market participants await earning reports from Nvidia Corp, scheduled for release this week.
The Dow Jones Industrial Average ended 0.13% lower at 43,389.60. The S&P 500 ended 0.39% higher at 5,893.62. The Nasdaq Composite ended 0.60% higher at 18,791.81.
Nifty Clocks Longest Losing Streak In Over 20 Months: Market Wrap