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Sensex closes 445 points higher; Nifty over 131 points after a weak start

Stock market Today: Sensex, Nifty close over 0.75% higher.Premium
Stock market Today: Sensex, Nifty close over 0.75% higher.

  • Sensex closed at 59,744.88, up 445.56 points, or 0.75%; Nifty closed at 17,822.30, up 131.05 points, or 0.74%

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India's benchmark Indices started trading on Tuesday in the negative, in line with global indicators. Rise in oil prices, which caused fears of inflation had led to a global selloff. But over the day, the indices rallied to end the day in positive territory. Though sectors such as realty, pharma and tech dragged, support from energy, oil and gas, and metals pushed the indices up.

05 Oct 2021, 04:26:02 PM IST

Market closing

Benchmark indices closed well in the positive territory on Tuesday. Both Sensex and Nifty had a tepid start trading in the negative. Towards the middle of the day both crossed into the positive territory and rallied to end the day up 445.56 and 131.05 points higher. IndusInd Bank, Bharti Airtel and  Reliance were the top gainers on Sensex, while Sun Pharma, Power Grid and ITC were in the red. While 20 stocks on the Sensex showed gains, 10 lagged. On Nifty, in turn, while 29 shares advanced, 20 were among losers. ONGC, IndusInd Bank and Coal India were top gainers, while Cipla, Hindalco and Shreecem were top losers. Among sectoral indices on Nifty, realty, pharma and PSU banks were top drags while Nifty IT moved from red to green over the day mirroring global cues.

Sensex heatmap at closing on Tuesday
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Sensex heatmap at closing on Tuesday
05 Oct 2021, 03:54:23 PM IST

Arihant Superstructures to raise funds by issuance of securities up to ₹5 billion

05 Oct 2021, 03:50:28 PM IST

Tech stocks, emerging Asia will bruise as inflation fears rise

The record surge in commodities has intensified investor angst that inflation could upend what has been a Goldilocks period for many markets. Global stocks sold off for a second day Tuesday as a Bloomberg gauge of commodities soared to an all-time high, fanning fears of sustained price rises impacting corporate margins, end demand and monetary policies. Technology stocks and emerging-Asian markets are among those most at risk, while cyclical shares and the assets of energy-exporting nations are seen as possible havens, according to investors. (bloomberg)

05 Oct 2021, 03:48:24 PM IST

Rupee slumps 13 paise 

The rupee slumped 13 paise to close at 74.44 (provisional) against the US dollar.

05 Oct 2021, 03:47:00 PM IST

On markets closing: Gaurav Udani, CEO & founder, ThincRedBlu Securities

"Nifty gave a good recovery after making a low of 17,640,however the volumes were lesser than its average. It closed at 17,822 , up by 130 points. Nifty has support in 17,580-17,620 range and resistance in 19,890-17,930 range . Overall the trend in Nifty is bullish and buy on dips with strict stop loss is suggested as a strategy."

05 Oct 2021, 03:34:39 PM IST

This Multibagger stock rises from ₹100 to ₹1,000 in 6 years. Do you own?

Amid buzz in chemical sector in the primary market, some shares in this space have reached milestones as well. Aarti Industries shares are one of them. The multibagger stock yesterday hit 4-digit figure and today it has hit its fresh lifetime high of 1,071.55 apiece on NSE. It took near 6 years for the chemical stock to travel from 100 to 1000 per stock journey. However, stock market experts are still bullish on this chemical counter. (Read here)

05 Oct 2021, 03:17:55 PM IST

Rupee, bond prices fall as crude hits 7 year high

Rupee and bond prices weakened on Tuesday after crude oil prices extended gains from a seven year high, posing a risk to India's trade deficit and inflation outlook. The Rupee declined 0.3% to 74.51 a dollar after hitting a low of 74.64—a level last seen on 20 July. 10-year bond yield rose 6.27%—the highest since April 2020, up 3 basis points from previous day of 6.24%. Bond yield and bond prices moves in a opposite direction. Crude oil prices extended gains after rallying to the highest level since 2014 following a decision by OPEC to maintain its planned gradual increase of supply, despite the market facing an energy crunch. (Read here)

05 Oct 2021, 03:11:20 PM IST

CRISIL assigns rating to PNB Tier-II bonds

Punjab National Bank has informed the exchanges in a filing that Crisil Ratings has through a rating action on Monday assigned `CRISIL AA+/Stable' rating to 2,000 crore Tier II Bonds (under Basel Ill) of the Bank. 

05 Oct 2021, 03:08:20 PM IST

Invisibility cloak and quantum physics tipped for Nobel Prize

Quantum physics, invisibility cloaks and a cutting-edge Italian theorist are all tipped to win Tuesday's Nobel Physics Prize, a year after it went to pioneering research on black holes. The prestigious honour, to be announced at 11:45 am (0945 GMT) in Stockholm, is the second Nobel of the season after the medicine prize on Monday went to a US duo David Julius and Ardem Patapoutian for discoveries on receptors for temperature and touch. After giving the nod to research in the field of astronomy for the past two years, experts suggest the Nobel committee could look elsewhere this year. afp

05 Oct 2021, 03:02:30 PM IST

Relief for Voda-Idea, Airtel: DoT seeks 3 weeks to review decision on telcos

The government is considering withdrawing legal cases against telecom companies, involving disputes of about 40,000 crore, according to a source. (Read here)

05 Oct 2021, 02:49:27 PM IST

Petrol, diesel prices surge to record-high levels

Petrol and diesel prices on Tuesday surged to all-time high levels as rates were increased again after international oil prices hit the highest mark since 2014. Petrol price was hiked by 25 paise a litre and diesel by 30 paise, according to a price notification of state-owned fuel retailers. This sent the petrol price in Delhi to its highest-ever level of 102.64 a litre and to 108.67 in Mumbai. Diesel rates, too, touched a record high of 91.07 in Delhi and 98.80 in Mumbai. (PTI)

05 Oct 2021, 02:47:29 PM IST

Sensex heatmap

IndusInd Bank, Bharti Airteland, HCL Tech led gainers, while Sun Pharma, ITC, and Dr Reddy's were in the red.

Sensex heatmap as of 2:35 pm
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Sensex heatmap as of 2:35 pm
05 Oct 2021, 02:38:28 PM IST

Nifty sectoral indices

Nifty sectoral indices as of 2:35 pm.
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Nifty sectoral indices as of 2:35 pm.
05 Oct 2021, 02:29:52 PM IST

Airtel conducts India’s first rural 5G trial in partnership with Ericsson

Bharti Airtel on Tuesday informed the stock exchanges that it has conducted India’s first 5G trial in Bhaipur Bramanan village, located on the outskirts of Delhi-NCR region. (Read here)

05 Oct 2021, 02:19:26 PM IST

The big risk for Indian stock market rally

Benchmark indices were trading flat on Tuesday after opening lower amid rising oil prices and inflation concerns that are keeping the markets volatile. Energy, oil and gas and metal stocks were supporting the indices whereas tech and pharma stocks were among the draggers. (Read here)

05 Oct 2021, 02:16:03 PM IST

MetLife International increases stake in PNB MetLife

MetLife International inked a share purchase agreement with IGE (India) and Elpro International Limited to acquire the total combined shareholding of 15.27% in PNB MetLife India Insurance Company. However, the company said, transaction is subject to all necessary regulatory approvals. (Read here)

05 Oct 2021, 02:05:39 PM IST

ED files charges against Thapar, Rana Kapoor in bank loan fraud 

The Enforcement Directorate (ED) has named 21 people and entities in its first charge-sheet in an alleged bank loan fraud involving Avantha Group promoter Gautam Thapar. Besides Thapar, the people named include former chief executive of Yes Bank Rana Kapoor, according to a news report.

05 Oct 2021, 01:57:33 PM IST

HDFC AMC goes big on passive funds, files for 9 ETFs with Sebi

HDFC Asset Management Company Ltd, India’s second biggest asset manager, has filed papers for nine exchange-traded funds (ETFs) with the Securities and Exchange Board of India (Sebi), as per information available on the markets regulator’s website. (Read here)

05 Oct 2021, 01:48:31 PM IST

Offer price of ABSLAMC's IPO fixed at ₹712 per equity share

Aditya Birla Capital Ltd (ABCL) has in a filing with the BSE regarding the initial public offering of its material subsidiary Aditya Birla Sun Life AMC Limited (ABSLAMC) stated that the finalized offer price (including the anchor investor offer price) has been fixed at 712 per equity share of 5 each of ABSLAMC. Accordingly, the size of IPO aggregates to 27,682.56 million, comprising an Offer for Sale of 2,850,880 equity shares by ABCL aggregating to 2,029.83 million and 36,029,120 equity shares by Sun Life AMC aggregating to 25,652.73 million, subject to finalization of basis of allotment, the company said.

05 Oct 2021, 01:37:31 PM IST

Licious turns unicorn, raises $52 million at a valuation of $1 billion

Online meat delivery company Licious said on Tuesday that it has raised $52 million in a round led by IIFL AMC's late-stage tech fund at a valuation of a billion dollars, making it one of the first unicorns in India's thriving direct-to-consumer (D2C) space.​ Licious is now the 29th unicorn to emerge out of India in 2021 in the middle of an unprecedented funding boom.

05 Oct 2021, 01:30:35 PM IST

Ola acquires GeoSpoc to build next-generation location technology

Ola, India's largest mobility platform, on Tuesday, said it has acquired GeoSpoc, a leading geospatial services provider in India. (Read here)

05 Oct 2021, 01:11:26 PM IST

Axis Securities recommends BUY on AIL at target price of ₹1,080

Currently, Aarti Industries Ltd's plants are running at high utilization levels with demand in the domestic market for discretionary products having already reached pre-covid levels while export markets are expected to resume normalcy by the end of H2FY22. Moving forward, focus on value-added products, production of more downstream products, and better operating leverage is expected to drive the company’s margin and profitability. The company is exhibiting good earnings growth visibility over a medium to long term driven by 1) Capex coming on stream, 2) Commercialization of its key long-term contracts (albeit delayed due to the covid-19 disruptions), 3) Growing contribution of value-added products, and 4) Structural shift in the global supply chains becoming independent of China. Given the strong future growth outlook, we revise our recommendation from HOLD to BUY and upgrade our target price to 1,080 (from 925 earlier) while raising our multiple to 35x (from 30x earlier). We value the stock at 35x to its FY24 EPS.

05 Oct 2021, 01:01:23 PM IST

IDFC First Bank gross funded assets as of end Sept up 9.75% y-o-y

IDFC First retail funded assets grew by 7% during Q2FY22 compared with the year-ago period. Housing loan registered strong q-o-q growth of 11% in q2, while gross funded assets at 1.17 trillion at the end of September, an increase of 9.75% y-o-y.

05 Oct 2021, 12:49:07 PM IST

Gas prices in Europe record new historic levels

05 Oct 2021, 12:43:24 PM IST

Cosmo Films appoints Pankaj Poddar as group CEO

Pankaj Poddar
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Pankaj Poddar
05 Oct 2021, 12:39:32 PM IST

HMEL to start Bathinda cracker by March 2022

India's HPCL-Mittal Energy Ltd (HMEL), part-owned by steel tycoon L.N. Mittal, plans to start its naphtha cracker at Bathinda refinery in northern Punjab by the end of the March quarter of 2022, according to a Reuters report on Tuesday. The cracker at the 230,000 barrels-per-day (bpd) refinery will have an annual capacity of 1.2 million tonnes. State-run refiner Hindustan Petroleum Corp and Mittal Energy Investments Pvt. Ltd own 49% stake each in the project.

05 Oct 2021, 12:31:51 PM IST

These auto stocks in focus after this Aaditya Thackeray's announcement for BEST

The Maharashtra Environment Minister Aaditya Thackeray has said that entire fleet of Brihanmumbai Electric Supply and Transport (BEST) will become electric by 2028. The Maharashtra minister, who is handling an additional portfolio of Guardian Minister of Mumbai suburban district went on to announce that entire BEST buses will run either on electrical power or on hydrogen fuel energy cells by the given time frame. (Read here)

05 Oct 2021, 12:26:17 PM IST

IRCON wins big order worth ₹3,400 crore

IRCON International, with its joint venture partner has emerged as the lowest bidder for 34.29 billion in a tender floated by NHSRCL.

05 Oct 2021, 12:19:48 PM IST

NMDC hikes ore prices

State-run mineral producer NMDC has fixed new, increased prices for ore. The company  has set lump ore prices at 5,950 per tonne and fines prices at 4,760 per tonne.

05 Oct 2021, 12:11:36 PM IST

Sectoral indices

Nifty realty and PSU banks were top drags among sectoral indices followed by pharma and IT at noon on Tuesday. 

Nifty sectoral indices.
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Nifty sectoral indices.
05 Oct 2021, 12:09:25 PM IST

Sensex heatmap at noon

Gainers and losers on the Sensex struck a balance of 15 each at noon. Top gainers on the index were Bharti Airtel, Asian Paints and IndusInd Bank, while Dr Reddy's, ICICI Bank and ITC were in the red.

Sensex heatmap.
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Sensex heatmap.
05 Oct 2021, 11:57:09 AM IST

After Evergrande, another Chinese developer fails to make debt payments

Another Chinese homebuilder has hit financial trouble after it missed payments on debt obligations, adding to worries over the country's property sector as embattled giant China Evergrande teeters on the brink of collapse. (Read here)

05 Oct 2021, 11:39:35 AM IST

TVS Motor signs MoU with Tata Power for electric two-wheeler charging ecosystem

TVS Motor Company has signed a memorandum of understanding with Tata Power to collaborate on electric two-wheeler charging ecosystem in India, a report said. The companies will explore opportunities to use solar energy to power select TVS Motor locations.

05 Oct 2021, 11:33:15 AM IST

On India services PMI growth: Jyoti Roy, DVP-Equity Strategist, Angel One Ltd

"The seasonally adjusted India Services Business Activity Index posted 55.2 in Sep 2021. While the reading has come down from 56.7 in Aug 2021, it still points to a solid pace of expansion in the services sector. Rollback of Covid related restrictions have led to an increase in movement of people thus leading to continued increase in new business inflows. Despite easing from August, the rate of expansion was marked and the second-fastest since February 2020. Moreover this was the first time that Indian service providers have hired people after shedding jobs for nine consecutive months till August. Despite the strong rebound in services growth there were concerns over inflationary pressures. Continued strong growth in the services sector resulted in a strong composite PMI reading of 55.3 in September as compared to a reading of 55.4 in August. We expect continued strong momentum in both the manufacturing & services sector led by inventory buildup leading to the festive season. Key risk to growth is the possibility of a third Covid wave due to increased mobility on account of the festive season."

 

05 Oct 2021, 11:27:00 AM IST

Shapoorji Pallonji plans ₹6,600-crore debentures: Report

The promoters of Shapoorji Pallonji (SP) Group are planning to raise 6,600 crore by selling debentures to investors, according to a news report. This will be secured against shares of Tata Sons, it said, citing filings with the Registrar of Companies by Sterling Investment Corporation, a Mistry family entity, on 25 September. According to the report, legal experts called the planned move “potentially controversial" as Tata Sons has objected to similar moves by the Mistrys in the past. The Mistry family owns an 18% stake in Tata Sons, the holding company of the Tata Group.

05 Oct 2021, 11:17:41 AM IST

Government to drop recovering spectrum user charges from telcos

05 Oct 2021, 11:07:39 AM IST

India's services activity remained strong in September, hiring resumed

India's services industry expanded for a second straight month in September, bolstered by improved domestic demand and easing COVID-19 restrictions, pushing firms to hire more employees for the first time in nearly a year, a private survey showed. (Read here)

05 Oct 2021, 11:00:40 AM IST

Relief in Mumbai

05 Oct 2021, 10:53:02 AM IST

Investors eye Big Tech as stock market wobbles

Technology stocks are bearing the brunt of a recent market selloff, putting a spotlight on how an extended downturn in the sector could weigh on broader equity indexes. After Monday's sharp drop, the S&P 500 technology sector is down 6.7% since the overall S&P 500 closed at a record on Sept. 2, compared with a 5.2% decline for the broader index over that time. The tech-heavy Nasdaq Composite, meanwhile, is down 7.3% from its Sept. 7 closing high, getting closer to marking a 10% correction. (Reuters)

05 Oct 2021, 10:45:18 AM IST

India's cryptocurrency market Grew 641% in year past: report

India's cryptocurrency market grew 641% over the past year and that of Pakistan 711%, according to report from Chainalysis. India has a 59% share of activity taking place on decentralized finance (DeFi) platforms, and Pakistan has 33%, the report said. It added that there has  been a significant increase in cryptocurrency-related entrepreneurship and venture capital investment in the region.

05 Oct 2021, 10:38:12 AM IST

India's September services PMI at 55.2 compared with 56.7 m-o-m

05 Oct 2021, 10:36:00 AM IST

On markets opening: Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments

“The markets are struggling to keep above the 17,700 level. This zone of 17,700-17,750 is a crucial one as we need to close above this for the markets to resume its current uptrend. Until that does not happen, we will be sideways. For the downside to trigger, we would need to break 17,400 on a closing basis as that is the short-term support respected earlier this month."

05 Oct 2021, 10:32:05 AM IST

India's 10-year bond yield rises to highest since July

The 10-year bond yield of India rose to the highest level since 12 July. The bond yield opened at 6.26% compared with 6.25% at previous close.

05 Oct 2021, 10:30:12 AM IST

IndusInd Bank net advances as of 30 Sep at ₹2.22 tn 

IndusInd Bank's net advances as of 30 September was at 2.22 trillion, an increase by 10% year-on-year. Deposits at the bank as of 30 September stood at 2.75 trillion, an increase of 21% y-o-y.

05 Oct 2021, 10:24:31 AM IST

Rupee slumps

05 Oct 2021, 10:12:56 AM IST

Index contribution

Infosys, TCS, HCL Tech among top drags.

Index contribution, Sensex.
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Index contribution, Sensex.
05 Oct 2021, 10:04:23 AM IST

Jindal Steel and Power reports highest ever quarterly steel sales

Jindal Steel and Power Ltd has reported its highest ever quarterly steel sales during the second quarter of this fiscal, the company said on Tuesday. JSPL’s Steel sales volume surged 32% q-o-q and 10% y-o-y to hit a record of 2.13 million tonnes during the quarter. In Q2FY22 JSPL steel sales have first time breached 2 million tonnes for the quarter. Exports continue to boost sales with share of exports rising to greater than 40% in Q2FY22 (from 34% in Q1FY22 and 38% in Q2FY21). 

05 Oct 2021, 09:58:58 AM IST

Gujarat Gas hikes CNG and PNG prices

Following the steep 62 per cent hike in prices of domestically produced gas announced by the Centre last week, Gujarat Gas on Tuesday increased the retail price of compressed natural gas (CNG) and piped natural gas (PNG) by 2.50 and 9.50 respectively. (Read here)

05 Oct 2021, 09:48:38 AM IST

Nifty sectoral indices

Nifty pharma and realty were among the top drags at 9:45 am.

Nifty sectoral indices.
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Nifty sectoral indices.
05 Oct 2021, 09:45:38 AM IST

Amazon and Google set to attend White House forum on quantum technology

Amazon.com Inc, Google and Microsoft Corp are expected to join a Biden administration conference on Tuesday focused on quantum technologies as the U.S. government works to head off hacking threats and corner a burgeoning growth industry. The White House's Office of Science and Technology Policy (OSTP) is hosting the event that will discuss critical applications of quantum computing, which is expected to operate millions of times faster than today's advanced supercomputers. (Reuters)

05 Oct 2021, 09:38:14 AM IST

Gold price today falls a day after big jump, down ₹9,500 from record highs

Gold and silver prices today dipped in Indian markets, tracking softer global rates. On MCX, gold futures were down 0.23% to 46,779 per 10 gram while silver futures were off 0.5% to 60,651 per kg. In the previous session, gold had jumped 0.8% while silver rose 0.65%. (Read here)

05 Oct 2021, 09:27:06 AM IST

Sensex heatmap post opening

BSE Sensex opened in the red with 17 of the 30 stocks on the index starting in red. Top among the stocks in green were Asian Paints, Bharti Airtel and Maruti, while ICICI Bank, HCL Tech and Tech Mahindra were among the top drags.

Sensex heatmap.
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Sensex heatmap.
05 Oct 2021, 09:13:25 AM IST

Synnex signs distributor agreement with Freshworks

Synnex has said it has signed a distributor agreement with Freshworks inc.The partnership enables tech data to make Freshworks' suite of products for business solutions available in India region. (Reuters)

05 Oct 2021, 09:10:26 AM IST

Covid update

05 Oct 2021, 09:10:05 AM IST

Sensex heatmap preopening

Sensex heatmap.
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Sensex heatmap.
05 Oct 2021, 09:06:31 AM IST

India Infrastructure Trust fixes date for distribution

India Infrastructure Trust has informed the BSE that the record date for the purpose of distribution of dividends to unitholders, if declared, will be 15 October.

05 Oct 2021, 08:56:14 AM IST

Authum to split share on 21 October

Authum Investment & Infrastructure Ltd has informed the BSE that the company has fixed 21 October as the record date for the split or sub-division of 1 equity share from existing face value of 10  each to 10 equity shares of face value of 1 each.

05 Oct 2021, 08:49:04 AM IST

SEBI slaps ₹1.02 cr penalty on Aditya Birla Money for violation of norms

Markets regulator Securities and Exchange Board of India (SEBI) on Monday imposed a penalty of 1.02 crore on Aditya Birla Money Ltd for the violation of provisions of Portfolio Managers (PM) regulations, Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) regulations, code of conduct under SEBI (Stock-Broker) Regulations,1992 and SEBI circulars. (Read here)

05 Oct 2021, 08:42:27 AM IST

Oil prices edge lower in wake of jump on OPEC+ supply restraint

Oil prices eased on Tuesday after climbing to their highest levels in years in the previous session on the decision by OPEC and allied major oil producers to maintain restraint on supply. Brent crude was down by 3 cents at $81.83 a barrel by 0054 GMT, having rising 2.5% on Monday. US West Texas Intermediate (WTI) oil dropped 10 cents to $77.52, after gaining 2.3% the previous session. In Asian trade on Tuesday, US oil was steady at $77.60 a barrel, a day after hitting its highest since 2014. Brent crude stood at $81.30 after rising to a three-year top.

05 Oct 2021, 08:37:14 AM IST

Apple accused of bad faith in Ericsson patent royalty talks

Ericsson AB filed a lawsuit Monday accusing Apple Inc. of engaging in unfair tactics to avoid paying royalties for the use of baseline 5G telecommunications technology. Ericsson says it’s trying to renegotiate a license with Apple and is already encountering obstacles. It wants a federal judge to rule that Ericsson’s offer complies with requirements that royalty demands be fair and reasonable. (Bloomberg)

05 Oct 2021, 08:31:14 AM IST

On market closing 4 October: Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments

"The markets failed to close above 17,700; if we manage to do that, the short-term skepticism would be removed and the Nifty can scale higher towards 18000. The support lies at 17,400 and as long as that holds, the current trend is bullish and we can utilize intra day corrections to accumulate long positions."

05 Oct 2021, 08:28:57 AM IST

HDFC Bank Q2 deposits grow 14%, CASA up 28%

India's largest private lender HDFC Bank while announcing its Q2 update said that the bank's advances aggregated to approximately 11,985 billion as of September 30, 2021, a growth of around 15.4% year-on-year from 10,383 billion in the same quarter last year and a growth of around 4.4% over 11,477 billion in the quarter. (Read here)

05 Oct 2021, 08:22:37 AM IST

Markets likely to be wobbly; Zee, Gail, Adani Ports in focus

Markets are likely to be wobbly on Tuesday while trends in SGX Nifty suggest a weak opening of Indian benchmark indices. (Read here)

05 Oct 2021, 08:06:57 AM IST

Markit India PMI Services for September to be released today

05 Oct 2021, 08:05:57 AM IST

Tesla ordered to pay over $130 million to Black former worker over racism: WSJ

A federal jury on Monday has ordered Tesla Inc to pay more than $130 million in damages to a Black former worker named Owen Diaz, finding he was subjected to a racially hostile work environment, the Wall Street Journal reported. The jury determined that the company failed to take reasonable steps to prevent Diaz, a contract worker who worked as an elevator operator at Tesla's Fremont factory in 2015 and 2016, from being racially harassed, the newspaper added. (Reuters)

05 Oct 2021, 07:57:45 AM IST

Facebook says root cause of outage was faulty configuration change

Facebook Inc on Monday cited faulty configuration changes on its routers as the root cause of the nearly six-hour outage that prevented the company's 3.5 billion users from accessing its social media and messaging services. "Our engineering teams have learned that configuration changes on the backbone routers that coordinate network traffic between our data centers caused issues that interrupted this communication," Facebook said. (Reuters)

05 Oct 2021, 07:52:22 AM IST

Day trading guide for Tuesday: 9 stocks to buy or sell today — 5th October

Nifty has formed a bullish pattern though its placement is normally after a deep/prolonged sell-off, experts believe. (Read here)

05 Oct 2021, 07:47:20 AM IST

Petrol, diesel prices hiked again after day’s gap

Fuel price today: Diesel rates touched a record high of 91.07 in Delhi and 98.80 a litre in Mumbai

05 Oct 2021, 07:41:18 AM IST

Stocks to watch

ZEEL, Bharti Airtel, and Biocon have been stocks in the news. (Read here)

05 Oct 2021, 07:30:11 AM IST

China tech stock gauge hits lowest level on yields, crackdown

A benchmark tracking Chinese technology giants in Hong Kong slumped, on track for a new record low on Tuesday as a global tech selloff triggered by rising US Treasury yields adds to concerns over Beijing’s regulatory crackdown. The Hang Seng Tech Index dropped as much as 2.5% to slip below the previous record closing low on Aug. 20. The gauge, which counts Tencent Holdings Ltd. and Alibaba Group Holding Ltd. as key members, is set for a fourth consecutive weekly decline. The measure, officially launched in July last year, is down some 47% since its February peak and its members have lost about $1.4 trillion in market value, according to Bloomberg-compiled data.

05 Oct 2021, 07:30:11 AM IST

Stocks extend drop on risks from inflation, China

A global selloff in stocks continued in Asia on Tuesday amid concerns that surging prices for raw materials such as crude oil will stoke inflation and sap economic momentum. Shares declined in Japan, South Korea and Australia. US contracts stabilized after the S&P 500 retreated to the lowest since July and the Nasdaq 100 shed over 2%, dragged down by megacap tech firms such as Amazon.com Inc. and Facebook Inc. The energy sector was among the few to rise in the US session. Ten-year U.S. Treasury yields held a climb toward 1.5% and the dollar remained lower. Oil in New York reached the highest since 2014 following OPEC+’s decision to maintain a gradual supply hike even as a natural-gas crisis boosts crude demand. The Bloomberg Commodity Spot Index soared to an all-time peak.

Stocks

S&P 500 futures were flat as of 9:15 a.m. in Tokyo. The S&P 500 fell 1.3%

Nasdaq 100 futures increased 0.1%. The Nasdaq 100 fell 2.2%

Japan’s Topix index shed 1.2%

Australia’s S&P/ASX 200 Index lost 0.3%

South Korea’s Kospi index fell 1%

Hang Seng Index futures fell 0.1% earlier

05 Oct 2021, 07:30:11 AM IST

How major US stock indices fared on Monday

Stocks closed lower on Monday as big technology companies such as Apple and Microsoft took losses. The S&P 500, the Dow Jones Industrial Average and the tech-heavy Nasdaq all fell. Meanwhile, the price of US oil rose to its highest close since 2014, as OPEC and allied oil producers stuck to a plan for cautious production increases even as global demand for crude rises.

On Monday:

The S&P 500 fell 56.58 points, or 1.3%, to 4,300.46.

The Dow Jones Industrial Average fell 323.54 points, or 0.9%, to 34,002.92.

The Nasdaq fell 311.21 points, or 2.1%, to 14,255.48.

The Russell 2000 index of smaller companies fell 24.16 points, or 1.1%, to 2,217.47.

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