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As of 3:25 p.m., the Dow Jones Industrial Average future was 0.04% higher. The S&P 500 and Nasdaq 100 futures were trading 0.05% and 0.08% down, respectively.
UK: Bank of England Chief Economist Huw Pill will speak at the virtual National Agency Briefing — 5:45 p.m.
US: Non-farm payroll employment change — 7:00 p.m.
US: Unemployment rate — 7:00 p.m.
US: Federal Reserve Governor Michelle Bowman will speak at at the Wisconsin Bankers Association Bank Executives Conference, in Milwaukee — 7:55 p.m.
US: Preliminary University of Michigan Consumer Sentiment — 8:30 p.m.
US: Preliminary University of Michigan Inflation Expectation — 8:30 p.m.
US: FOMC Governor Adriana Kugler will speak at the Miami Economic Forum — 10:30 p.m.
Rupee strengthened by 15 paise to close at 87.43 against the US Dollar.
It closed at 87.58 on Thursday.
Source: Bloomberg
The NSE Nifty 50 and BSE Sensex extended losses to third session.
The Nifty 50 and Sensex ended 0.18% and 0.25% down, respectively.
The benchmark indices logged a two-week winning streak
Oil and Natural Gas Corp Ltd., ITC Ltd. shares were top loser
Tata Steel Ltd., and Bharti Airtel Ltd. shares were top gainers.
The NSE Nifty PSU Bank was the worst hit sector on Friday, while NSE Nifty Metal rose the most.
The NSE Nifty Midcap 150 ended 0.13% higher.
The NSE Nifty Smallcap 250 ended 0.39% down.
LTIMindtree Ltd. has received a sales and use tax notice of $26,473.41 from the Pennsylvania State Department of Revenue.
Alkem Labs has agreed to acquire Adroit Biomed for Rs 140 crore.
Mahindra & Mahindra Ltd. has incorporated a new unit called Mahindra Advanced Tech.
For faster update on third quarter results today click here.
For faster update on third quarter results today click here.
The US Food Drug Administration has classified Aurobindo Pharma's Telangana-based API manufacturing facility as "Voluntary Action Indicated" following an inspection from September 23-27, 2024.
Solaria Active Pharma Science Ltd.'s board has approved the incorporation of a new wholly-owned subsidiary.
Rupee rose 25 paise to 87.33 against US Dollar
It opened at 11 paise higher at 87.48 a dollar.
It closed at 87.58 a dollar on Thursday.
Source: Bloomberg
The yield on the 10-year bond rose 2 basis points lower to 6.68%
It opened at 6.64%
It closed at 6.66% on Thursday
Source: Bloomberg
Cummins India has approved the sale of its entire 100% stake in its wholly-owned subsidiary, Cummins Sales and Service Private Limited (CSSPL), to PAL SVAM Power Solutions for Rs 56.5 crore.
Market breadth was evenly split between buyers and sellers. Around 1,254 stocks declined, 1,207 stocks advanced, and 110 stocks remained unchanged on BSE.
At pre-open, the NSE Nifty 50 was trading 46.15 points or 0.20% higher at 23,649.50, and the BSE Sensex was trading 0.08% higher at 78,119.60.
The yield on the 10-year bond opened 2 basis points lower at 6.64%
It closed at 6.66% on Thursday
Source: Bloomberg
Rupee opened 11 paise higher at 87.47 against US Dollar
It closed at 87.58 a dollar on Thursday.
Source: Bloomberg
Reiterate Buy with unchanged Target of Rs 1,940, upside 16.8%
Well positioned for ROIC improvement
Driven by margin expansion and improving invested capital turnover
Forecast mobile ARPU to reach Rs 301 by FY27
Expect deleveraging to improve on expectation of capex intensity to decline
JSW Energy's arm, JSW Neo Energy, has signed a power purchase agreement with Amazon to supply 180 MW of wind power, the company said in an exchange filing
Solar Industries (India) Ltd. arm, Economic Explosives, has signed a contract worth Rs 6,084 crore with the Ministry of Defence to supply defence products, and has also been nominated by the Defence Research and Development Organisation as the production agency for all variations of the Pinaka Rocket System.
The Reserve Bank of India's Monetary Policy Committee will meet from Feb. 5-7 for policy review, soon on the steps of the union budget last Saturday. This is the first MPC meeting after the appointment of Governor Sanjay Malhotra and the re-designation of Rajeshwar Rao in the monetary policy department, and the second MPC meeting for the three external members — Ram Singh, Saugata Bhattacharya, and Nagesh Kumar.
Read the full article here.
Track updates on RBI's Monetary Policy Committee's meeting live here.
Oil Prices Set For Weekly Drop As Trump Tariffs Outweigh Iran Sanctions
Asian Stocks Decline, Yen Climbs Ahead Of US Jobs Data: Markets Wrap
Most share indices in the US ended higher as tariff concerns continued to wane. The Dow Jones Industrial Average ended 0.28% down, and S&P 500 ended 0.36% higher. The Nasdaq Composite ended 0.51% higher.
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