4 min read . Updated: Nov 11, 2020 10:58 am IST
- Indian stock indices opened higher on Wednesday following their Asian peers as investors continued to take advantage of positive sentiment from news of a highly successful vaccine trial and Joe Biden’s election victory in the US.
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November 11, 2020 10:58:46 AM IST
NMDC down 5%
The company has announced the value of the share buyback. ₹1,378 crore. The board will buy back 13.12 million shares from ₹105 per share, a premium of 11.7% to Tuesday’s closing price.
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November 11, 2020 10:49:43 AM IST
The rupee slips 9 paise
The rupee fell 9 paise to 74.27 against the US dollar at Wednesday’s trade open on higher demand for dollars from banks and importers amid strengthening crude prices.
The positive trend in the domestic equity market and the weakness of the US dollar supported the local unit.
November 11, 2020 10:42:50 AM IST
Wholesale PV and motorcycle shipments jump in October
Domestic wholesale of passenger cars and two-wheelers increased for the third month in a row in October, as vehicle manufacturers increased inventory at dealerships who expected retail sales to pick up during Diwali and Dhanteras.
Passenger vehicle shipments rose 14.19% year-on-year to 310,294 units in October, as demand for entry-level compact cars and sport utility vehicles continued to rise in rural, semi-urban and somewhere in urban markets, data released by Automobile Society of India. Manufacturers showed on Wednesday.
November 11, 2020 10:33:51 AM IST
Ingenious IT in positive zone
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November 11, 2020 10:23:40 IST
Nifty 50 crosses ₹ 100 trln in mcap
Nifty 50 Stock Index Wednesday Crossover ₹100 trillion market capitalization after it rose for eight consecutive sessions.
Sensex’s mcap of 30 shares is at ₹83 trillion. The total market capitalization of companies listed on the EEB stood at ₹168 trillion, while the total market capitalization of NSE all listed companies ₹164.21 million rupees.
November 11, 2020 10:15:22 am IST
HC will hear from Amazon today on Future Retail’s petition on the Reliance deal
On Wednesday, the Delhi High Court will hear Amazon’s arguments on Future Retail Limited’s statement seeking to restrain it from approaching regulatory bodies such as the Competition Commission of India (ITC) and the Securities and Exchange Board of India (SEBI). ) against your transaction with Reliance. The court, after a day of hearing, had adjourned the matter to Wednesday to present further arguments.
Future Retail has requested an injunction against Amazon that takes steps to interfere with the legal contracts between FRL and Reliance to file complaints with legal authorities and other forums that examine different aspects of the proposed transaction and the proposed settlement scheme.
November 11, 2020 10:10:46 AM IST
Nifty Pharma is approaching 2%
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November 11, 2020 10:02:05 AM IST
Pfizer earns 3%
The company’s US parent is in talks with the Indian government to sell its covid-19 vaccine candidate, which it believes has the potential to be an important part of the early response to the vaccine. Government officials also confirmed that India is in talks with Pfizer for its RNA vaccine.
November 11, 2020 9:54:00 AM IST
Gold prices fall
The prices of gold and silver fell today in the Indian markets following a moderate global trend. On MCX, gold futures fell 0.15% to ₹50.425, while silver futures fell 0.35% to ₹62,832 per kg. This is the second day of falling gold prices in three days.
November 11, 2020 9:47:58 AM IST
BSE Smallcap rises 0.7%
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November 11, 2020 9:39:41 AM IST
SBI up
The board of directors of the State Bank of India has approved to divest more than 8.5% in UTI Trustee Company. “The executive committee of the central board of directors of State Bank of India approved the divestment of 8,510 shares constituting 8.5% of the bank’s stake in UTI Trustee Company Pvt Ltd,” SBI said in a regulatory document.
November 11, 2020 9:32:03 AM IST
Nifty Bank rises 1%
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November 11, 2020 9:26:34 AM IST
Witty Open Winners / Losers
On the Nifty, 44 stocks advanced and six declined.
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November 11, 2020 9:23:30 AM IST
Sensex in open
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November 11, 2020 9:17:30 AM IST
Sensex, Nifty open higher
November 11, 2020 9:12:18 AM IST
Ingenious in pre-open
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November 11, 2020 9:05:06 AM IST
Sensex in pre-opening
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November 11, 2020 9:03:48 AM IST
Markets in green in pre-opening
November 11, 2020 9:00:55 AM IST
Oil futures profit
Oil futures rose on Wednesday after an industry report showed US crude inventories fell more than expected as prices continued to be supported by news of successful trials of a coronavirus vaccine.
Brent crude was up 31 cents, or 0.7%, at $ 43.92 a barrel at 0213 GMT, while US oil was up 36 cents, or 0.9%, at $ 41.72 a barrel.
November 11, 2020 8:59:34 AM IST
The government begins the privatization of the discom for the UT
India has started the process of privatizing the electricity distribution companies (discoms) in its Union Territories, and Chandigarh has taken the first step.
The Chandigarh administration made the request for proposals available Tuesday to sell 100% of the government’s stake in its discom, two people familiar with the matter told Mint. A pre-bid meeting will be held on December 1. The last date to submit offers is December 30.
November 11, 2020 8:55:04 AM IST
MSCI announces changes to MSCI India index
MSCI has announced changes to the MSCI India Index. While 12 stocks will be added, two, Bosch and LIC Housing, will be removed from the MSCI India Index after November 30.
Twelve stocks will be added to the index, including Yes Bank, PI Industries, Muthoot Finance and Adani Green.
November 11, 2020 8:41:47 AM IST
Indian Markets May Expand Profits
Indian stock indices are likely to extend their gains on Wednesday, while trends in SGX Nifty indicate a positive open. On Tuesday, the BSE Sensex rose 1.6% to end its listing at 43,277.65. The broader Nifty index on the National Stock Exchange gained 1.36% to 12,631.10.
Stock markets surged on Wednesday as news of a working COVID-19 vaccine appeared to inoculate investors against concern over rising infections in Europe and the United States, while kiwi rose because traders thought the central bank he seemed optimistic.
November 11, 2020 8:32:27 AM IST
Actions to consider: Bharti Airtel, Coal India, Wipro, Bosch
Shares of Pfizer, Bharti Airtel, Coal India and NMDC will be among the stocks in focus on Wednesday. In addition to Coal India, Power Grid, Aurobindo Pharma and Petronet LNG, Indraprastha Gas will report its results today. (Full report)
November 11, 2020 8:21:16 AM IST
Asian indices win
MSCI’s broader Asia-Pacific equity index outside of Japan rose 0.4% and Japan’s Nikkei rose 1%. In Hong Kong, the Hang Seng was flat, while Australia’s ASX was up 1.5%.
November 11, 2020 8:18:05 AM IST
US stocks end mixed
Wall Street pulled out of the celebration that followed the good news about a possible Covid-19 vaccine, ending Tuesday’s session on a mixed basis. The Dow Jones Industrial Average ended the day with a gain of 0.9%, while the S&P 500 overall fell 0.1%. High-tech Nasdaq lost 1.4%.
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