Nifty50 futures on the Singapore Stock Exchange were trading 41 points higher this morning, indicating a positive start to the domestic market.
Crude oil traded at their highest levels since July 2015 early Monday as markets tightened. Brent futures quoted at $62 a barrel early Monday, while WTI crude hit the $56 mark.
The rupee closed at fresh six-week high of 64.55 against the US dollar on Friday and is looking strong.
Over the weekend, several Indians, including some based abroad, were alerted that their confidential financial information has been compromised by data theft at a large law firm that held the records in its offices in tax havens such as Isle of Man and Channel Islands.
Reliance Nippon Asset Management will be listed on the National Stock Exchange today. The issue was oversubscribed by 81 times during its IPO sale between October 25 and October 27.
The Rs 8,695 crore issue of HDFC Life opens for subscription on Tuesday. Several marquee institutional investors such as JP Morgan, T Rowe Price and BlackRock, along with Reliance Mutual Fund and ICICI Prudential Mutual Fund, are likely to come on board as anchor investors on Monday.
In stock-specific news, Crompton Greaves has pulled out of the race to acquire home-grown appliances brand, Kenstar.
Moody's has cut RIL's rating to stable, citing a likely negative free cash flow situation due to heavy debt repayments over the next 18 months; and the Competition Commission of India has approved Singapore’s sovereign wealth fund GIC’s bid to acquire a stake in a firm owned by DLF for Rs 8,900 crore.
If you are looking for more stock-specific triggers, there are plenty of them and over a dozen stock recommendations from top brokerages on www.etmarkets.com. If you need them daily, simply download our app on your phone and keep getting them on the go. We now also offer them in many other languages besides English.
Before I go, let’s have a look at some of the interesting headlines from ETMarkets print edition.
In September quarter earnings, some 354 entities excluding banks, finance and oil and gas firms have reported nine-quarter high sales growth of 11.5 per cent compared with the year ago.
Nearly two dozen stocks, mainly PSUs, midcaps and a few beaten-down counters, are grabbing investor eyeballs these days, with their deliverable volumes shooting up to more than 100% in first three days of November.
That’s it from me for the day. Thank you for listening in. Do enjoy your trading day and make loads of money.
But don’t forget to log on to www.etmarkets.com for continuous updates on every development in the financial markets. Have a good day!
Source : https://economictimes.indiatimes.com/markets/stocks/news/etmarkets-morning-podcast-your-daily-digest-of-market-news-views-and-cues/articleshow/61525171.cms