[ad_1]
BSE Sensex and Nifty 50 benchmark indices from NSE are expected to open higher on Monday, following signs of recovery in global markets. Photo: Mint
- Mumbai: BSE Sensex gained more than 200 points when the market opened, and the NSE Nifty 50 came close to 10,100 points. It quickly reduced its gains and recorded a slight rise, dominated by banking and pharmaceutical stocks. ICICI Bank shares grew by more than 5% after the company's quarterly results. Asian equities rallied after last week's sharp declines on Monday, although confidence remained fragile amid growing concerns over corporate earnings and slowing global economic growth. However, continued outflows of foreign capital weigh on market sentiment. Foreign investors have withdrawn this month a huge crore of 35,600 rupees from the Indian capital markets. Here are the latest market updates:
-
9:45 am IST India Granules Shares 3% While USFDA Completes Its InspectionGranules India shares rose 3.20% to Rs.95 per share after the company disclosed that the USFDA had conducted an inspection in its US unit, Granules Pharmaceuticals Inc., with two observations in Form 483.
-
9:27 am IST Divi's Labs shares up 9% after quarterly profitsThe shares of Divi's Laboratories Ltd. rose 9.25 percent to 1369.90 rupees after the company announced a 92 percent rise in net profit for the September quarter to 398 billion rupees, while the business had jumped 44% to 1285 billion rupees.
-
9:22 am IST ICICI Bank shares up 5% after second quarter resultsICICI Bank shares rose 5.18% to Rs. 331.40 after the bank reported lower provisions, slippages and improved asset quality. For the quarter, slippages reached Rs 3120 crores – the lowest of the last eight quarters. The bank posted a net profit of 908.88 billion rand for the quarter ended 30 September, against 2,058.19 crore for the same period of the previous year. The profit was slightly lower than the $ 949.30 crore estimated by a Bloomberg survey of 20 analysts.Lily: Second quarter results achieved, on which ICICI Bank investors should focus
-
9:14 am IST Bond prices reached their highest level in 11 weeks; Rupiah goes up against dollarThe 10-year government bond yield dropped five basis points on Monday to reach its lowest level in almost eleven weeks after the Reserve Bank of India announced that it would buy back bonds from the United States. 39, a value of 40,000 crores of rupees in November through open market operations (OMO). For the month of October, RBI bought government bonds worth around 36,000 crores via OMOs. At 9:15, the 10-year gold yield was 7.829% versus 7.876% at Friday's close. Meanwhile, the rupee was trading at 73.35 dollars per dollar, up 0.17 percent from Friday's 73.47 closing. The currency opened at 73.30 the dollar. Read more
-
8:55 am IST Rupee worries bond market more than missed budget deficit
Continuing outflows of foreign capital caused the rupee to fall to a record 74.4825 for a dollarhttps: //t.co/yw8WpavqvB
– Livemint (@livemint) October 29, 2018
-
8:44 am IST Second quarter results achieved, on which ICICI Bank investors should focus
ICICI's second-quarter results should be welcomed by the street, boosting ICICI Bank's action today. https://t.co/q8v8pz2dVu
– Livemint (@livemint) October 29, 2018
-
8:57 am IST Commodities corner: oil prices remain stable and metals earnOil: Oil prices remained stable, buoyed by a rebound in Asian equities, but analysts said the sentiment remained cautious after the financial markets tumbled last week, raising fears of a slowdown in global growth. Brent crude oil futures at the beginning of the month were at $ 77.63 per barrel, 1 cent above their last closing price. WTI futures were at $ 67.65 per barrel, up 6 cents from their latest settlement.Metals: London metals rose as the dollar remained close to its lows in one year. Demand growth is clouded after the slowdown in industrial profits, the latest sign of a weakening of the Chinese economy. LME copper rose 0.5% to $ 6,188.50 per tonne. Premiums for aluminum and zinc decreased by $ 5 and $ 10 respectively, reflecting easier availability of supply. LME nickel increased slightly by 0.2% to $ 11,925 per tonne. Reuters
-
8:30 am IST Asian stock markets have mixed trade; Stable US futuresAsian equity markets traded mixed, with shares in Sydney and Tokyo gaining ground, with Hong Kong and Seoul flat and Shanghai down. US equity futures have stabilized, indicating a break at the start of the week compared to the recent global sell. The general sentiment of the markets has been affected by a series of negative factors resulting from the intensification of the relationship between China and the United States. trade dispute related to concerns about the profits of US companies, the misfortunes of the Italian budget and the Federal Reserve rate hike.Japan's Topix index added 0.7%The Australian S & P / ASX 200 Index rose 1%Kospi of South Korea added 0.5%The Shanghai Composite slipped 0.2%Hang Seng Hong Kong index rose 0.9%The futures on the S & P 500 remained stable(With contributions from Reuters and Bloomberg)
[ad_2]
Source link
