SGX Nifty is up by 4 points in the early morning trade, indicating a flat opening for Indian stock market.
Asia-Pacific markets opened lower on Friday as markets continued to process the US Federal Reserve’s 75 basis point interest rate hike. The Japanese Nikkei fell by 2.05% and South Korea’s Kospi is up by 0.25 percent. Hong Kong’s Hang Seng is up by 4.0 percent in the early morning trades.
US stocks closed lower for a fourth consecutive session on Thursday as economic data did little to alter expectations the Federal Reserve would continue raising interest rates for longer than previously thought. S&P 500 closed 1.1 percent lower whereas Nasdaq composite declined by 1.7 percent.
?Hero Motocorp reported a 9 per cent decline in its consolidated net profit to Rs 682 crore for the second quarter ended September 30, mainly due to enhanced expenses and a slight dip in sales during the period. It had reported a net profit of Rs 748 crore in the July-September period of the previous fiscal.
?Merger-bound HDFC reported an 18 per cent growth in net income to Rs 4,454 crore in the September quarter, mainly driven by higher retail loan sales that hit an eight-year high of 36 per cent.
?Wipro has roped in former senior executive of Capgemini Amit Choudhary as its chief operating officer and member of the executive board. Based in New York, Choudhary will be responsible for improving organisational operational efficiency, helping drive sustainable growth at Wipro.
?Adani Enterprises reported more than doubling of its September quarter net profit on the back of strong performance at its integrated resources management and airports divisions. It posted net profit of Rs 460.94 crore in July-September compared to Rs 212.41 crore profit in the same period a year back.
?Foreign institutional investors (FIIs) net bought shares worth Rs 677.62 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 732.11 crore on November 3, as per provisional data available on the NSE.
EMERGING | LATEST | % 1D |
Hang Seng | 15,827 | 2.4 % |
Shanghai Composite | 3,003 | 1.2 % |
DEVELOPED | LATEST | % 1D |
Dow Jones | 32,001 | (0.5) % |
DAX | 13,130 | (0.9) % |
FTSE 100 | 7,189 | 0.6 % |
Nikkei | 27,663 | (0.1) % |
Straits Times | 3,103 | (1.2) % |
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