SGX Nifty is up by 290 points in the early morning trade, indicating a positive opening for Indian stock market.
Asian stocks jumped after the release of US inflation data in October raised investor hopes that inflation has peaked. The Japanese Nikkei is up by 2.7 percent and South Korea’s Kospi surged by 2.89 percent. Hong Kong’s Hang Seng rallied by 5.14 percent in the early morning trades.
The S&P 500 and Nasdaq jumped on Thursday, racking up their biggest daily percentage gains in over 2-1/2 years as a sign of slowing inflation in October sparked speculation the Federal Reserve might become less aggressive with interest rate hikes. S&P 500 climbed 5.54 percent whereas Nasdaq composite gained 7.35 percent.
?Zomato on November 10 said its consolidated net loss for the quarter ending September 2022 narrowed to Rs 250.8 crore against Rs 434.9 crore registered in the same quarter last year. Its revenue from operations zoomed 62.20 percent to Rs 1,661.3 crore from Rs 1,024.2 crore in the corresponding quarter last year, the company said in an exchange filing.
?Eicher Motors registered highest ever quarterly revenue and profits. It recorded a massive 76% year-on-year growth in profit at Rs 657 crore for the quarter ended September FY23 backed by strong operating as well as top line performance. Revenue from operations at Rs 3,519 crore for the quarter grew by 56.4% and EBITDA increased by 75% to Rs 821.4 crore compared to year-ago period.
?Apollo Hospitals Enterprises reported a 20% year-on-year decline in profit at Rs 212.8 crore for the quarter ended September FY23 impacted by weak operating performance, and higher purchases of stock-in-trade.
?Adani Power has entered into a Memorandum of Understanding to sell its 100% equity stake in subsidiary, Support Properties (SPPL) to AdaniConnex. The transaction value is Rs 1,556.5 crore. ACX is a 50:50 joint venture between promoter group company Adani Enterprises, and EdgeConneX
?Foreign institutional investors (FIIs) have net bought shares worth Rs 36.06 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 967.13 crore on November 10, as per provisional data available on the NSE.
EMERGING | LATEST | % 1D |
Hang Seng | 16,081 | (1.7) % |
Shanghai Composite | 3,036 | (0.4) % |
DEVELOPED | LATEST | % 1D |
Dow Jones | 33,715 | 3.7 % |
DAX | 14,146 | 3.5 % |
FTSE 100 | 7,375 | 1.1 % |
Nikkei | 27,446 | (1.0) % |
Straits Times | 3,173 | 0.2 % |
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