Tech stocks lift S&P 500, Nasdaq to record highs; Trump speech awaited

• Walt Disney Co rose 1.4% as the company launched its widely awaited streaming service Disney+
• Trump is scheduled to discuss the country's trade policy at the Economic Club of New York later on Tuesday

With weak manufacturing hurting GDP, can services be the saviour?

• With IIP shrinking further, India’s GDP for second quarter is likely to be weaker than anticipated
• Analysts expect services sector to see a faster improvement than manufacturing, aiding overall growth

Amara Raja: Strong Q2 but hardening lead prices will cap margin expansion

• Amara Raja’s performance was a tad more impressive on robust replacement market sales across segments and exports
• Analysts reckon that telecom sales would continue to hurt due to slowdown in capex

CG Power delays Q1, Q2 results; expects to give numbers shortly

• The company plans to raise about ₹800 crore through an equity issue to tackle the liquidity crisis that it is facing
• CG Power is under scrutiny of the investigating agencies on allegation promoters, led by former chairman Gautam Thapar, had cooked its books and diverted money

Gold prices fall, down ₹2,400 per 10 gram in last two months

• The recent fall in gold prices is expected to give some boost to retail demand in India
• Hopes of a US-China trade deal has put pressure on gold prices

For power utilities, demand slowdown is the worst in a decade

• Thermal power generation dropped 2% in April-October this year
• The slowdown in industrial demand can have larger implications for the state electricity boards

Global business optimism at a decade low, with recovery nowhere in sight

• The prolonged US-China trade conflict remains the root cause of faltering global growth
• Global equities have rallied in recent sessions anticipating some resolution

Hindalco’s domestic numbers drag Q2, but Novelis adds a bit of gloss

• Hindalco’s stand-alone revenues fell by about 8%, but were in line with consensus estimates
• Slowdown in auto, construction and electrical sectors added to the contraction

Rupee weakens against dollar tracking Asian peers

• Rupee closes at 71.47 a dollar, down 0.25% from Friday's close of 71.29
• Asian currencies fall after Donald Trump said on Friday that the US has not agreed to roll back all tariffs with China

Sensex, Nifty close a tad higher led by banking shares

• BSE Bankex was the biggest gainer among sectoral indices, rising 1.2%, followed by Oil & Gas index
• Among laggards, BSE IT index lost 0.67%, BSE FMCG index 0.56% and BSE Auto index 0.38%

Gold prices rise today but still down ₹2,200 per 10 gram in two months

• Expectations of a US-China trade deal has weighed on gold rates
• Silver prices have also fallen sharply from recent highs

IRCTC shares surge today. Now, triple that of IPO price

• IRCTC will announce its second quarter earnings later this week
• Te government is looking to divest up to 25% stake in RailTel Corporation through IPO: Report

NTPCs withstands demand slowdown better but pressure points remain

• The management is confident of recouping revenue loss in the second half of the current fiscal
• Net earnings jumped 34.5% as the company benefited from levies on payment delays from customers

Stocks in News: Ashok Leyland, ICICI Bank, JSW Steel, Bank of Baroda, Lupin

• Yes Bank was the top gainer among Nifty 50 companies in early deals, rising up nearly 3%
• Shares of Bank of Baroda traded 4% higher on the bank of robust financial performance in Q2

Nestlé India: revenue growth up, but dearer milk eats into margins

• Company was less affected by slump in demand, given its relatively higher exposure to affluent urban consumers
• A slower rate pace of growth in other expenses helped Ebitda performance

Slower volume growth and high valuation may be a hangover for UBL shareholders

• UBL’s volume growth was a muted 6.6% this quarter and remained soft in most key markets
• Analysts see a recovery in volumes on the back of market share gains in the second half

World's most profitable company's IPO opens on November 17: 10 things to know

• Saudi Aramco, which pumps 10% of global oil supply, will get listed on Riyadh stock market
• Key details were missing from the prospectus, including the company's valuation

Markets trade mixed at noon; Yes Bank, Kotak Mahindra Bank rise 1-2.5%

• At 12:00 pm, the benchmark BSE Sensex fell 0.33% to 40,190.59 points, the Nifty 50 index slipped 0.34% to 11,867.40 points.
• Asian markets were trading in the red tracking the fall in the US equities

Rupee slips to one-month low on US-China trade concerns

• At 9.10am, the home currency was trading at 71.36 a dollar,
• Asian currencies fell after US President Donald Trump said on Friday that the US government has not agreed to roll back all tariffs with China

Sensex recovers to end moderately higher, banking stocks rally

• The Nifty Bank index rose over 1%
• Some selling pressure was seen in TCS and RIL