SGX Nifty is up by 283 points in the early morning trade, indicating a positive opening for Indian stock market.
Asian markets jumped on Friday taking positive cues from Wall Street overnight as investors shook off strong inflation report. The Japanese Nikkei advanced 2.92 percent and South Korea’s Kospi is up by 2.21 percent. Hong Kong’s Hang Seng also rallied 2.43 percent in the early morning trades.
US stocks surged to close more than 2% higher on Thursday, as technical support and investors covering short bets drove a dramatic rebound from a selloff earlier in the day. S&P 500 closed 2.60 percent higher where as Nasdaq composite was up by 2.23s percent.
India’s headline retail inflation measured by the Consumer Price Index (CPI) rose to 7.41 percent in September from 7.00 percent in August. At 7.41 percent, the September CPI inflation figure was slightly above the consensus estimate
? Infosys reports 12.3% QoQ increase in profit with constant currency revenue growth at 4% in Q2FY23 & deal wins at $2.7 billion. The IT services company reported earnings (except topline) above analysts’ estimates for Q2FY23 with profit climbing 12.3% sequentially to Rs 6,021 crore and revenue growing 6% QoQ to Rs 36,538 crore.
? Mindtree Q2 earnings beat estimates, profit rises 7.9% QoQ to Rs 508.7 crore and revenue grows 8.9%. The midcap IT services company reported earnings above analysts’ estimates for the quarter ended September FY23 with profit rising 7.9% sequentially to Rs 508.7 crore and revenue in rupee terms growing 8.9% QoQ to Rs 3,400.4 crore.
? HDFC Life Insurance Company gets final approval of IRDAI for Exide Life Insurance merger. The company has received final approval from Insurance Regulatory and Development Authority of India (IRDAI) for the merger of Exide Life Insurance with itself.
? Angel One Q2 profit grows 17.7% sequentially to Rs 213.6 crore, total income rises 9% QoQ. The company posted a 17.7% sequential growth in profit at Rs 213.6 crore for the quarter ended September FY23, with consolidated total income growing 9 percent QoQ to Rs 745.9 crore during the same period.
? Foreign institutional investors (FIIs) net sold shares worth Rs 1,636.43 crore whereas domestic institutional investors (DIIs) net bought shares worth Rs 753.29 crore on October 13, as per provisional data available on the NSE.
EMERGING | LATEST | % 1D |
Hang Seng | 16,389 | (1.9) % |
Shanghai Composite | 3,016 | (0.3) % |
DEVELOPED | LATEST | % 1D |
Dow Jones | 30,039 | 2.8 % |
DAX | 12,356 | 1.5 % |
FTSE 100 | 6,850 | 0.4 % |
Nikkei | 26,237 | (0.6) % |
Straits Times | 3,040 | (1.4) % |
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