SGX Nifty is up by 24 points in the early morning trade, indicating a positive opening for Indian stock market.
Shares in the Asia-Pacific inched higher on Wednesday following a second day of gains in major US indices. The Japanese Nikkei is up by 0.7 percent and South Korea’s Kospi is up by 0.64 percent. Hong Kong’s Hang Seng is down by 0.57 percent in the early morning trades.
Wall Street stocks closed higher and Treasury yields dipped on Tuesday as upbeat earnings and better-than-expected factory data stoked a risk-on rally. S&P 500 closed 1.14 percent higher on Monday whereas Nasdaq composite added by 0.9 percent.
The US dollar edged higher against a basket of currencies on Tuesday, shaking off some of the weaknesses of the previous session, but a revival in risk appetite in global financial markets kept a lid on its gains.
? Tech Mahindra the country’s fifth largest IT services exporter announced it will be hiring 3,000 people in Gujarat over the next five years. The company’s current staff strength in Gujarat could not be immediately ascertained.
? TATA Motors has received an order for 200 electric buses which will be deployed in Jammu and Srinagar. The Mumbai-based auto major has won the tender of 200 electric buses floated by Jammu Smart City.
? Adani Defence & Aerospace, a subsidiary of Adani Group’s flagship firm, has decided to acquire Air Works for an enterprise value of Rs 400 crore. Adani Defence Systems & Technologies has signed definitive agreements for the acquisition of Air Works, the biggest and highly diversified independent MRO with the largest pan-India network.
? ICICI Lombard General Insurance the private sector non-life player reported a 32.2 per cent growth in net profit at Rs 591 crore for the September quarter, boosted by a tax reversal of Rs 128 crore. The ICICI Bank group company said excluding this tax reversal, net income inched up by 3.4 per cent. In the year-ago quarter.
? Foreign institutional investors (FIIs) have net sold shares worth Rs 153.40 crore, whereas domestic institutional investors (DIIs) net bought shares worth Rs 2,084.71 crore on October 18, as per provisional data available on the NSE.
EMERGING | LATEST | % 1D |
Hang Seng | 16,915 | 1.8 % |
Shanghai Composite | 3,081 | (0.1) % |
DEVELOPED | LATEST | % 1D |
Dow Jones | 30,524 | 1.1 % |
DAX | 12,766 | 0.9 % |
FTSE 100 | 6,937 | 0.2 % |
Nikkei | 27,156 | 1.4 % |
Straits Times | 3,026 | 0.3 % |
This Diwali, we present a portfolio that reflect both sector-specific and stock-specific opportunities. With 2…
Thank you for showing interest in taking a BTST position using our Delivery Plus product.…
Thank you for showing interest in the consultation on trading strategies!Our expert will reach out…
Even if you are a new participant in the stock market, the process of buying…
A company’s debt position can be gauged using the interest coverage ratio or ICR. This…
Muhurat Trading, a cherished tradition in the Indian stock market, takes place on Diwali, the…