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BSE Sensex and NSE's Nifty 50 were traded in a mixed way at the opening. Photo: Mint
- Mumbai: BSE Sensex and Nifty 50 benchmark indices of NSE have opened up, but have quickly erased their gains and are trading little, as global markets are turning away from their trading concerns. Shares in Japan, Hong Kong and Australia fell on Monday due to trade disputes between the United States and China, a possible slowdown in the Chinese economy and rising costs in the United States. US borrowing moderated optimism despite the rebound in global stocks late last week. Oil prices have reversed their downward trend since the beginning of this month. Futures contracts for brent rose 1.7% to $ 81.82 per barrel. Here are the latest updates of the markets.
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9:10 am IST The rupee is trading against the dollarThe rupee opened lower against the dollar, reflecting losses in Asian currencies as a result of higher crude oil prices. At 9:03, the rupee was trading at 73.84, down 0.37% from the previous close of 73.56. The rupee opened at 73.80. Bond yields stabilized after Friday's retail price inflation, which has been slower than expected. The yield for the ten-year period was 7.961% compared to its previous closing of 7.983%. Retail price inflation accelerated in September, but remained within the central bank's allowed limits and manufacturing output fell to its lowest level in three months in August due to a base effect higher. Read more
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9:05 am IST After the easing of inflation, bond traders will focus on oil prices, according to an analyst"The rupee has performed well in recent days, as has your CPI, and we bought RBI OMO bonds this month," said Vijay Sharma, executive vice president of fixed income. of PNB Gilts Ltd. At this point, the determining factor is the behavior of the oil. If the gross exceeds $ 84, it would be a mood disorder. "Although there may be more money on the table to bring it back to 7.90%," the recovery does not seem too deep, "Sharma said. "Crude remains the risk," he said.
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8:46 am IST T2 results: DMart finally confronted with reality
The DMart share price has increased 372% over its issue price of ₹ 299 per sharehttps: //t.co/6KdYStOtpk
– Livemint (@livemint) October 15, 2018
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8:28 am IST Commodities corner: oil and gold prices riseGold: Global gold prices have increased due to easing of Asian equities due to worries about a potential slowdown in Chinese economic growth in the context of the ongoing trade war and signs of tightening monetary policy. the US Federal Reserve. The spot gold rate rose 0.3% to $ 1,220.66 an ounce. The price of gold rose 1.3% last week, its highest percentage of weekly gain in seven weeks. Futures on US gold rose 0.2% to $ 1,224.1 ounce.Oil: Crude oil futures have risen sharply as geopolitical tensions over the disappearance of a reputed Saudi journalist have fueled supply concerns, although concerns about the long-term prospects for demand have weighed on prices. Brent rose 98 cents, or 1.22 percent, to $ 81.41 a barrel, making its biggest daily gain since Oct. 9. US crude futures rose 80 cents, or 1.12 percent, to $ 72.15 a barrel, extending gains on Friday after heavy losses on Wednesday and Thursday.Metals: Metal prices in London have fallen in line with the rising US dollar and the current global trade pressures that are clouding the outlook for demand. Copper LME was down slightly by 0.2% to $ 6,291 per tonne. Zinc spreads are tightening as more and more metal arrives in warehouses in China. Reuters
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8:20 am IST Opening bell: clues to watch before trading today■ Asian markets opened lower against concerns over the China-US trade dispute. The broadest MSCI index of Asia-Pacific equities outside Japan fell 0.3%, Reuters. Crude oil futures have increased in morning trading. US stocks rose over the weekend.■ Yes Bank Ltd's board of directors recommended the recovery of bonuses paid to the Director General and Chief Executive Officer, Rana Kapoor, for a two-year period ending March 31, 2016, following adverse comments by Reserve Bank of India (RBI).■ Private equity firm KKR & Co. is keenly interested in some of the road assets of IL & FS Transportation Networks Ltd, besieged, according to Mint.■ Avenue Supermarts, which manages the D-Mart supermarket chain, recorded a net profit increase of 18% to 225 crores for the September quarter.■ Tata Steel Ltd expects to increase "in the long term" the nominal capacity of its new acquisition, Tata Steel BSL, formerly Bhushan Steel Ltd, from 5.6 million metric tons (mpa) to 5.6 million metric tons , reports Mint.■ French energy giant Total SA is in talks to acquire a stake in the Adani Group's LNG projects in Gujarat and Odisha, announced PTI.■ Hindustan Unilever Ltd (HUL) kicked off the season of the sector results on Friday on a positive note. Consistent consumer demand led to double-digit volume growth in the second quarter (September), exceeding analysts' estimates.■ Indiabulls Housing Finance Ltd, Reliance Industrial Infrastructure Ltd and IndusInd Bank Ltd are just some of the companies that will release their results for the September quarter today. R. Sree Ram / MintWith contributions from Reuters
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