▫️ India has crossed 1 billion vaccination mark. 30% of the population is now fully vaccinated, while 75% have received their first dose.
▫️PM Gati Shakti Plan received Cabinet approval.
▫️ Amazon has moved to Supreme Court after receiving favourable judgement from Singapore court, against Future Retail – RIL deal.
▫️ Bombay High Court has asked Zee to call EGM, as demanded by Invesco.
▫️Coal crisis has eased in power plants due to rapid supplies and reduced power demand, as a result of drop in temperature.
▫️JSW Steel posted highest ever quarterly revenue and profit in Q2, beating street estimates.
▫️ICRA expects India’s Q2 GDP growth at 7.7%.
▫️ Dearness allowance for central government employees has been hiked to 31% from 28%.
▫️ India has set textile export target of $ 1 billion in next 5 years.
▫️ Solar panel prices have increased by 23% in last 2 months.
▫️ Govt. to inject fresh capital in PSU Banks in Q4.
▫️TVS Motor posted 42% rise in net profit to ₹278 crores, y-o-y (beating street estimates).
▫️Asian Paints recorded 29% fall in net profit to ₹605 crores, owing to high input costs. (Disappointing result)
▫️IDBI Bank reported 75% increase in net profit to ₹567 crores, y-o-y.
▫️LIC Housing Finance recorded 69% decline in net profit to ₹248 crores, due to higher provisioning.
▫️S&P Global upgrades ratings of Tata Steel, Tata Motors and JLR.
▫️Jio and British Petroleum to jointly open their 1st petrol pump in Mumbai.
▫️Tata Chemicals to sell their US ash soda business for $ 1 billion.
▫️ Telecom industry AGR up by 5.7% to ₹51,335 crores in Apr-Jun.
▫️Kotak Bank partnered with Pine Labs to expand its merchant and POS business.
▫️Indian Hotel Company to acquire 40% stake in Roots Corporation which owns Ginger brand of hotels.
▫️ Smartphone shipments by Samsung in India fell by 5% in September quarter.
▫️US weekly jobless claims hit 19 month low.
▫️ Russian city Moscow to reinforce lockdown, because of surging infections.
▫️FPIs have turned net sellers in Indian debt markets after 2 months.
▫️PM to address nation at 10 AM today. (May talk about 1 billion vaccination milestone)
▫️ Indian markets continue to face the heat, on account of lackluster corporate earnings, negative global cues and stretched valuations.
▫️Sensex dropped by 0.55% to end at 60,293.50. Nifty fell by 0.48% to close at 18,178.
▫️Market breadth improved slightly in comparison to last 2 days, with 797 advances, against 1,009 declines. Midcap and Smallcap cap indices fell in line with the benchmark.
▫️ IT, Metal, Realty, Consumption and Consumer Durables fell the most. Whereas, Financial Services, Banking Sector and Auto helped the markets in restricting the fall.
▫️Ruppee ended flat, with a gain of 1 paisa at 74.87.
▫️Gold prices slightly and slipped below ₹47,500 mark.
▫️ Crude prices remain range bound taking cues from weak global growth offset by fuel shortage.
▫️Dow Jones ended flat yesterday, taking cues from mixed earnings report.
▫️Today morning, US futures are trading positive, complimented by higher Asian markets.SGX Nifty is also indicating positive start for the Indian markets.
▫️ Stocks in Ban: SAIL, ESCORTS, PNB, AMARAJABAT, L&TFH, TATAPOWER, NATIONALUM, IDEA, IRCTC and SUNTV.
▫️Key Results Today: RIL, HDFC LIfe Insurance, Yes Bank, Federal Bank, Inox Leisure, PVR and Apollo Pipes.
This post is for educational purposes only.