Trends on SGX Nifty indicate a negative opening for the index in India with a 48 points loss.
The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a negative opening for the index in India with a 48 points loss.
BSE Sensex rose 383.21 points, or 0.63 per cent, at 61,350.26 on October 26, and the Nifty was up 143 points, or 0.79 per cent, at 18,268.40. All the sectoral indices ended higher, with auto, infra and metal indices up 1-2.5 per cent.
U.S. Markets-
Gains in Tesla, Nvidia and other heavyweight technology names helped the benchmark S&P 500 index scale a record high on Tuesday. At the same time, upbeat results from UPS and G.E. added to optimism around the third-quarter earnings season.
The Dow Jones Industrial Average was up 125.39 points, or 0.35 per cent, at 35,866.54 to hit a record high. The S&P 500 was up 24.64 points, or 0.54 per cent, at 4,591.12, and the Nasdaq Composite was up 94.73 points, or 0.62 per cent, at 15,321.44.
SGX Nifty-
Trends on SGX Nifty indicate a negative opening for the index in India with a 48 points loss. The Nifty futures were trading at 18,285 on the Singaporean Exchange around 07:30 hours IST.
China industrial profit growth accelerated in Sept despite cost pressures-
Profits at China’s industrial firms rose faster in September even as surging raw material prices and supply bottlenecks squeezed margins and weighed on factory activity.
Profits jumped 16.3 per cent on-year to 738.74 billion yuan ($115.72 billion), the statistics bureau said on Wednesday, quickening from the 10.1 per cent gain reported in August.
RBI imposes monetary penalty on two cooperative banks-
The Reserve Bank of India (RBI) on October 26 imposed financial penalties on two cooperative banks for various rule violations. These two banks are Vasai Vikas Sahakari Bank, Maharashtra and the Citizens Urban Co-operative Bank Ltd., Jalandhar, Punjab.
A penalty of Rs 7 lakhs was imposed on Citizens Urban Cooperative Bank to violate income recognition, asset classification, and provisioning norms. Also, a fine of Rs 90 lakhs was imposed on Vasai Bank on similar violations.
U.S. consumer confidence rebounds; house price growth likely peaked-
In October, U.S. consumer confidence unexpectedly rose as concerns about high inflation were offset by improving labour market prospects, suggesting economic growth was picking up after a turbulent third quarter.
The consumer confidence index increased to a reading of 113.8 this month from 109.8 in September, ending three straight monthly declines. The measure, which places more emphasis on the labour market, remains below its peak of 128.9 in June. The rise contrasted with the University of Michigan’s survey of consumers, which showed sentiment falling early this month.
Results today-
Larsen & Toubro, ITC, IndusInd Bank, Bajaj Auto, Titan Company, Lupin, Maruti Suzuki India, Punjab National Bank, SBI Life Insurance Company, Zee Entertainment Enterprises, Aarti Drugs, Adani Enterprises, Adani Ports and Special Economic Zone, Aegis Logistics, Apollo Tricoat Tubes, Arvind, Asahi India Glass, Astec Lifesciences, Balaji Amines, Cummins India, Dalmia Bharat, Deepak Nitrite, Exxaro Tiles, Geojit Financial Services, Greenpanel Industries, Happiest Minds Technologies, IIFL Finance, IIFL Wealth Management, India Grid Trust, Indian Overseas Bank, JK Paper, KEC International, KPR Mill, Lakshmi Machine Works, Mahindra Logistics, Phillips Carbon Black, Poonawalla Fincorp, PSP Projects, Ramco Systems, Raymond, Reliance Power, Shriram City Union Finance, SKF India, Sona BLW Precision Forgings, Tata Chemicals, Tube Investments of India, Torrent Power, TTK Prestige, United Breweries, United Spirits, and Welspun India.
Gold falls-
Gold prices snapped five straight sessions of gains, shedding nearly 1 per cent as the dollar firmed and strong earnings lowered investor appetite for the safe-haven asset. Spot gold was down 0.85 per cent at $1,792.449 per ounce, while the U.S. gold futures for December delivery settled down 0.7 per cent to $1,793.40 per ounce.
Dollar edges up in steady markets-
ON TUESDAY, the U.S. dollar edged up in narrow-range trading as markets awaited news from upcoming central bank meetings that might spark volatility.
Analysts said the dollar might continue to hold steady pending a slew of central bank meetings and economic data that could shift views on interest rates, inflation and growth rates.
FII and DII data-
Foreign institutional investors (FIIs) net sold shares worth Rs 2368.66 crore. In comparison, domestic institutional investors (DIIs) net bought shares worth Rs 1385.41 crore in the Indian equity market on October 25, as per provisional data available on the NSE.
Stocks under F&O ban on NSE-
Six stocks – Canara Bank, Indiabulls Housing Finance, Indian Energy Exchange, NMDC, SAIL, and Sun T.V. Network – are under the F&O ban for October 27. Securities in the ban period under the F&O segment include companies whose security has crossed 95 per cent of the market-wide position limit.
