OPEN APP
Home / Markets / Live Blog /  Sensex sheds over 100 points, Nifty remains over 18K in day of sideways trade

Sensex sheds over 100 points, Nifty remains over 18K in day of sideways trade

Stock market Today: Sensex, Nifty end marginally lower on day of flat trade amid volatility. (Utpal Sarkar)Premium
Stock market Today: Sensex, Nifty end marginally lower on day of flat trade amid volatility. (Utpal Sarkar)

  • Sensex and Nifty traded sideways for most of the day in red with losses of over 0.1%. Midcap indices resisted the fall as did industrials. Auto supported gains towards the end of day powered by impact of M&M's strong Q2 showing

Listen to this article

Benchmark indices started trading on Tuesday in the green. The gains were quickly ceded and the indices traded in the red through the day. The first half of the day saw sideways trading with Nifty holding on to the 18,000 mark and Sensex over the 16,200 mark. The indices pared gains in the second half of the day. The broader indices helped the markets while sectoral indices pared gains from earlier in the day. Midcap indices and industrials retained gains of over 0.5% across the day. Though auto returned to more than 1% gains towards end of trading, the index remained subdued for large part of the day.

09 Nov 2021, 04:11:45 PM IST

Rupee closes marginally up by 1 paisa at 74.02 against the US dollar.

09 Nov 2021, 04:00:55 PM IST

On market closing: Gaurav Udani, CEO and founder, ThincRedBlu Securities

Nifty traded in a sideways range today. It closed at 18,051 , down by 17 points. Nifty is currently trading near its 20-day moving average and it is important for Nifty to close above 18,100 with higher than average volumes. Nifty will face resistance in 18,200 to 18,300 range and has support at 17,950 and 17,800 levels.

09 Nov 2021, 03:58:54 PM IST

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

The Nifty has closed above 18,000 which is a positive sign. However, it is still indecisive and is facing resistance at higher levels. If we can sustain these levels, the markets can scale up higher to 18,400 and then 18,600. We have good support at 17,600 and hence long positions can be accumulated for higher targets.

09 Nov 2021, 03:57:21 PM IST

Markets close

Benchmark indices closed trading registering marginal losses in a day marked by volatility on Tuesday. Sensex closed down 112.16 points, or 0.19%, at 60,433.45, and Nifty was down 24.20 points, or 0.13%, at 18,044.30. On Sensex, M&M, SBI and Reliance led the pack of 14 gainers while HDFC twins and Bajaj Finance were topped the 16 losers on the index. M&M consolidated its position particularly as the markets factored in the company's solid results for the September quarter. On Nifty,  M&M, Tata Motors, and Hero MotoCorp led gainers, while Britannia and HDFC twins lagged. On NSE, of the 2,052 stocks, 1,185 advanced, 785 declined, and 82 remained unchanged with an advances-decline ratio of 1.51. On BSE, 2,007 of a total of 3,479 stocks advanced, 1,304 declined and 168 remained unchanged. Among sectors, auto, capital goods, and industrials added over 1% each. Metal and banking were under pressure. The BSE Midcap index was up 0.82% and smallcap index rose 0.67% at the end of day, while the midcap indices on Nifty showed gains of more than 1%.

Source: BSE
View Full Image
Source: BSE
09 Nov 2021, 03:13:14 PM IST

VST Tillers Tractors Sept-quarter profit rises

VST Tillers Tractors Ltd has reported September quarter profit of 321.5 million compared with 299.4 million year-on-year.  Revenue from operations in Q2 was 2.33 billion compared with 2.20 billion in year-ago period.

09 Nov 2021, 03:10:14 PM IST

Top gainers and Losers on Nifty

M&M consolidates gains in the wake of its positive September quarter results. Britannia remains top loser.

Source: NSE
View Full Image
Source: NSE
09 Nov 2021, 03:06:07 PM IST

Sensex, Nifty at 03:01 pm

Sensex and Nifty have fallen further to lose over 0.3%. Nifty is now close to the 18,000 mark which it has managed to stay above for large part of the day.

Source: BSE, NSE.
View Full Image
Source: BSE, NSE.
09 Nov 2021, 02:56:21 PM IST

Lava launches 5G smartphone

Home-grown mobile phone company Lava International has become the first Indian brand to launch 5G smartphones for domestic consumers, Zee Business has reported. The smartphone launched under the brand name 'Agni' has been developed by Lava in India and is getting manufactured at its plant in Noida, Uttar Pradesh.

09 Nov 2021, 02:45:13 PM IST

Iran announces lifting seasonal ban on rice imports

Iran has announced the lifting of seasonal ban on rice imports a few days earlier than scheduled. According to ISNA, the ban has been lifted due to the end of the rice harvest season and the unsatisfactory storage space for cargo in ports. The ban was lifted to prevent possible corruption of the goods. 

09 Nov 2021, 02:38:45 PM IST

NCC records higher profit in Q2

NCC has reported  Q2 consolidated net profit of 1.1 billion compared with 646 million year-on-year. The consolidated net profit of the firm was 500 million in the previous quarter. The results have also beat the street estimate of 900 million. 

09 Nov 2021, 02:31:52 PM IST

Industrials gain 1%

BSE Industrials was led by SML Isuzu, Elgi Equipments and ESAB India, while HG Infra, Anup and Dynamatech were top drags. 20 stocks were in green while 10 were in the red.

Source: BSE
View Full Image
Source: BSE
09 Nov 2021, 02:24:07 PM IST

Midcaps shine

All sectoral Indices on NSE have shed gains to below 1%. Nifty Auto and PSU Bank are top indices in terms of gains. Nifty financial services is the top loser. Among broad market indices Nifty Midcap 50 has retained over 1% gains Nifty Midcap 100 and Midcap 150 are also showing gains close to 1%. On BSE,the industrials index is showing gains over 1% along with capital goods. Metals is the top loser.

Source: BSE
View Full Image
Source: BSE
09 Nov 2021, 02:17:00 PM IST

Sensex and Nifty at 02:10 pm

Sensex and Nifty have seen volatile trade through the day. About 1:30 pm the indices saw a sharp drop widening losses. Nifty, though has hung on to the 18,000 mark even as Sensex has ceded gains through the day and are far below previous close.

Source: BSE, NSE
View Full Image
Source: BSE, NSE
09 Nov 2021, 02:01:51 PM IST

M&M beats Tata Motors as top gainer

M&M has overtaken Tata Motors as the top gainer on the index post announcement of results. L&T and Grasim are close to their 52-week highs. 

Source: NSE
View Full Image
Source: NSE
09 Nov 2021, 01:55:51 PM IST

Oil steadies as Biden may pull the trigger on stockpile release

Oil steadied after a two-day gain as traders waited for further signals from the White House on whether it will tap the Strategic Petroleum Reserve, possibly coordinating a release of crude with other nations. West Texas Intermediate was little changed after advancing almost 4% over the past two sessions. Energy Secretary Jennifer Granholm said President Joe Biden may make an announcement to address high prices this week. As part of that process, Granholm said officials will scrutinize the Energy Information Administration’s Short-Term Energy Outlook due later on Tuesday. Oil soared to a seven-year high last month as a revival in consumption drained stockpiles, including in the U.S. Biden has been urging the Organization of Petroleum Exporting Countries and its allies to quicken the pace at which they are restoring supplies taken offline at the start of the pandemic. Their refusal to heed that call has put the focus back on Biden and the steps that he could now take to try and bring crude and gasoline prices back down.

09 Nov 2021, 01:52:19 PM IST

Advances and declines on BSE

A total of 1,936 stocks (56.74%) have advanced on the BSE, while 1,307 stocks  (38.31%) have seen a decline. 169 (4.95%) stocks remained unchanged.  The market has a total of 3,412 stocks listed

09 Nov 2021, 01:48:46 PM IST

Sensex, NIfty at 13:40 pm

Benchmark indices have been trading in the red through the day. Sensex has fallen more than 200 points while Nifty has shed about 44 points, even as it remains above the 18,000 mark. Individual stocks are performing well on the broad market. Gains are spread evenly across sectors. 

Source: BSE, NSE
View Full Image
Source: BSE, NSE
09 Nov 2021, 01:32:36 PM IST

Sun Pharma says unit recalled 69,336 blister packs of Loratadine from US market

09 Nov 2021, 01:30:19 PM IST

M&M results beat estimates

Mahindra and Mahindra has reported Q2 (SL) net profit of 14.3 billion compared with 1.6 billion year-on-year. The profit was 8.5 billion in the previous quarter. The company had an exceptional expense of 11.5 billion on year-on-year basis. The earnings have beat the street estimate of 9 billion.

09 Nov 2021, 01:25:23 PM IST

Britannia top loser

Britannia is the top loser on the indices since the announcement of September quarter results. The company reported a 23% year-on-year decline in its consolidated net profit to 384.22 crore for the quarter ended September, which was below analysts’ expectations of 447 crore.

Source: BSE
View Full Image
Source: BSE
09 Nov 2021, 01:09:58 PM IST

Midcap gainers

Nifty has seen 1,224 advances and 704 declines, and 77 were unchanged among the 2,005 stocks on the exchange and an advance-decline ratio of 1.74

Source: NSE.
View Full Image
Source: NSE.
09 Nov 2021, 01:00:46 PM IST

Sapphire IPO retail category bid 1.54 times

Overall, the IPO stocks have been bid 0.28 times.

Source: BSE
View Full Image
Source: BSE
09 Nov 2021, 12:40:25 PM IST

ICICI Bank announces allotment of ESOS shares 

ICICI Bank has announced in a regulatory filing the allotment of 435,006 equity shares of face value of 2 each on 9 November under the Employee Stock Option Scheme.

09 Nov 2021, 12:29:20 PM IST

MRF reports fall in net profit in Q2

MRF has reported 54.6% fall in its net profit for the quarter ended 30 September at 183 crore versus 403 crore and revenue was up 15.4% at 4,831.7 crore versus 4,186.3 crore year-on-year. Earnings before interest, tax, depreciation and amortization was down 40% at 512.3 crore versus 843.4 crore and margin was at 10.6% versus 20.4% year-on-year.

09 Nov 2021, 12:16:44 PM IST

Stocks with more than 10% gains across market

Deep Industries have made close to 15% gains.

Source: BSE
View Full Image
Source: BSE
09 Nov 2021, 12:14:46 PM IST

Sensex heatmap

SBI, M&M and Bajaj Auto were leading Sensex at noon, while HDFC twins and Powergrid were the top drags.

Source: BSE
View Full Image
Source: BSE
09 Nov 2021, 12:05:00 PM IST

Sensex, Nifty at noon

Sensex and Nifty are trading flat amid volatility in the red after paring initial gains.

Source: NSE, BSE
View Full Image
Source: NSE, BSE
09 Nov 2021, 11:57:52 AM IST

Global update: Heena Naik, research analyst-currency, Angel One Ltd

# India may see foreign fund inflows of more than $1 billion into equities after the semi-annual index review by MSCI. The MSCI index review will be announced on 12 November and it takes effect on 1 December.

# US Fed funds futures have pushed back rates lift-off from around July next year to September or October.

# US Fed Vice Chair Richard Clarida said conditions for a rate hike could be met next year with job growth expected to continue and inflation already pushing beyond comfortable levels. While St. Louis Federal Reserve Bank President James Bullard was of the view that the Fed needs to raise rates twice next year.

# Euro zone inflation will ease next year and remain too weak in the medium term, European Central Bank chief economist Philip Lane told a Spanish newspaper, repeating the bank's long-standing message that high price growth is temporary.

# The US House of Representatives late Friday passed a more than $1 trillion infrastructure bill. First passed by the Senate in August, the package would provide new funding for transportation, utilities and broadband, among other infrastructure projects.

09 Nov 2021, 11:51:22 AM IST

Sobha shares zoom nearly 11% after Q2 earnings

Shares of realty firm Sobha on Tuesday gained nearly 11% after the company reported a nearly three-fold jump in its consolidated net profit for the quarter ended September. The stock jumped 10.36% to its 52-week high of 976.70 on BSE. On NSE, it zoomed 10.70% to its 52-week high of 980. The realty firm on Monday reported a nearly three-fold jump in its consolidated net profit at 48.3 crore for the quarter ended September and announced plans to raise 140 crore through the issue of debentures. Its net profit stood at 16.2 crore in the year-ago period.

09 Nov 2021, 11:48:28 AM IST

Sumeet Industries announces plant maintenance closure

Sumeet Industries Ltd has said in an exchange filing that the plant of the company situated at Karanj (Surat) will be shut for eight days with effect from 10 November for general and other scheduled maintenance works.

09 Nov 2021, 11:46:11 AM IST

Tata Motors has strong showing on indices

Source: BSE, NSE.
View Full Image
Source: BSE, NSE.
09 Nov 2021, 11:30:52 AM IST

Top gainer stocks on NSE

Tata Motors stock has seen over 3% gains.

Source: NSE
View Full Image
Source: NSE
09 Nov 2021, 11:22:46 AM IST

Shriram Group closing in on merger: report

Shriram Group has revived plans to restructure its various financial services businesses that includes lending and insurance by collapsing its two listed units into one and reverse merging the holding company into it, Economic Times has reported. The report, citing multiple people aware of the developments, adds that the company also plans to spin out insurance into a separate entity. Shriram Group, however, has denied the developments and termed them as speculation.

09 Nov 2021, 11:14:58 AM IST

Technical and derivatives report: Sameet Chavan (chief analyst-technical and derivatives, Angel One Ltd

Overall the global cues were a bit favourable in the morning and hence after a long break, our markets opened with a decent upside gap to test 18,000. However within few minutes of trade, all these gains just disappeared and in fact, we went on to slide below 17,850. However market was not done with its twists and turns as we saw strong buying interest at lower levels to pull the market higher. The positive momentum gained some pace post the mid-session to surpass the morning high. Eventually, Nifty ended the session with more than eight tenths of a percent gains.

Market witnessed a complete roller coaster yesterday as the volatility was at its best. Fortunately it ended in favour of the bulls as we managed to reclaim the 18000 and ended the session almost at the highest point of the day. The only pocket that kept sulking yesterday was the banking space and the sole culprit there was the IndusInd Bank as it plunged more than 10% on the back of some negative news flow. Now are we completely out of the woods after yesterday’s move? the answer is not yet, because if we have to regain any strength, we need to surpass the sturdy wall of 18,100–18,200. Till then one still needs to avoid aggressive longs. On the flipside, 18,000 followed by 17,850 are to be seen as immediate supports.

The broader market did extremely well yesterday and throughout the day (especially in the latter half), some of the individual stocks gave excellent moves. Hence, traders can still capitalize on such potential bets; but need to follow strict money management.

09 Nov 2021, 10:57:41 AM IST

Monthly stock picks: Axis Securities

Stock prices as of 29 October, 2021. Source: Axis Securities
View Full Image
Stock prices as of 29 October, 2021. Source: Axis Securities
09 Nov 2021, 10:56:31 AM IST

Weekly tech picks: Axis Securities 

TVS Motor Co. Ltd

CMP: 706 | Buy Range: 690-678 | Stop loss: 653 | Upside: 8%-12%

On the weekly chart, the stock has decisively broken out its 8-10 months “Consolidation Range" breakout at 670 levels. The stock is trending up across all the time frames forming a series of higher tops and higher bottoms. The stock is well placed above its 20-, 50- and 100-day SMA’s which reconfirm bullish sentiments. The daily and weekly strength indicator RSI is in bullish mode which supports rising strength as well as momentum. The above analysis indicate an upside of 740-765 levels.

 

Delta Corp. Ltd

CMP: 282 | Buy Range: 280-276 | Stop loss: 256 | Upside: 12% -18%

There is strong uptrend across all time frames forming a series of higher tops and higher bottoms formation on weekly and monthly charts. However, with past couple of weeks profit booking the stock has revisited it 38.2% Fibonacci retracement support zone of 253 and rebounded very sharply. On the daily chart, the stock has well placed above its 20, 50 and 100 day SMA and sustaining above the same which reconfirm bullish sentiments. The daily and weekly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength. The above analysis indicate an upside of 310-328 levels.

 

K.P.R. Mill Ltd

CMP: 516 | Buy Range: 511-501 | Stop loss: 465 | Upside: 15% – 20%

On the weekly chart, the stock has witnessed two months “Consolidation

Range" breakout at 493 levels on a closing basis along with rising volumes. The stock is trending up across all the time frames forming a series of higher tops and higher bottoms representing strong uptrend. This buying momentum was observed from 20-day SMA (462) which reconfirms bullish sentiments. The daily and weekly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength. The above analysis indicate an upside of 583-605 levels.

 

Sun TV Network Ltd

CMP: 610 | Buy Range: 600-588 | Stop loss: 560 | Upside: 11% – 15%

On the weekly chart, the stock has witnessed “Multiple Resistance" breakout at 588 levels on a closing basis. Rising volumes at breakout zone implies increased participation. The stock is well placed above its 20-, 50- and 100-day SMA which reconfirms upside momentum. The weekly Band-Bollinger buy signals increased volatility along with rising prices. The daily and weekly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength. The above analysis indicate an upside of 660-685 levels.

 

09 Nov 2021, 10:38:43 AM IST

One97 Communications IPO receives bids for 0.2 times

The retail individual investor category saw 0.89 times bidding, while non-institutional investors bid 0.02 times of the shares allotted for the category. Qualified institutional buyers bid for 0.6 times of shares meant for the category.

Source: BSE
View Full Image
Source: BSE
09 Nov 2021, 10:30:29 AM IST

Sapphire Foods IPO subscribed 0.8 times

The retail individual investor category saw the highest subscription of shares of Sapphire Foods with investors bidding for 1,019,988 of 1,756,994 allotted shares. It amounts to 0.45 times of the lot.

Source: BSE
View Full Image
Source: BSE
09 Nov 2021, 10:22:38 AM IST

Top gainers and losers on Nifty

IndusInd Bank is back among top gainers after news of allegations that the bank had evergreened loans pressured the stock on Monday. M&M is among top gainers ahead of its quarterly results to be announced later today.

Source: NSE
View Full Image
Source: NSE
09 Nov 2021, 10:12:45 AM IST

UltraTech commits to net zero concrete road map announced by GCCA

UltraTech Cement Ltd, which manufactures grey cement, white cement and readymix concrete in India, has announced its commitment to the GCCA 2050 Cement and Concrete Industry Roadmap for Net Zero Concrete. This commitment to produce carbon neutral concrete by 2050 is a collective commitment of the world’s leading cement and concrete companies to fully contribute to building the sustainable world of tomorrow. The road map also includes a sectoral commitment to cut CO2 emissions by a further 25% by 2030.

09 Nov 2021, 10:11:13 AM IST

Sensex, Nifty trading flat

Nifty and Sensex have remained above the 18,000 and 60,500 mark and have traded flat in the first hour.

Source: NSE, BSE
View Full Image
Source: NSE, BSE
09 Nov 2021, 10:01:23 AM IST

BSE Midcap sees over 0.5% gains

TVS Motor, Adani Power and SRF are powering the gains.

Source: BSE
View Full Image
Source: BSE
09 Nov 2021, 09:55:39 AM IST

Daily rise in covid-19 cases in country lowest in 266 days

India logged 10,126 new coronavirus infections, the lowest in 266 days, while the active cases dipped to 1,40,638, the lowest in 263 days, according to the Union Health Ministry data updated on Tuesday.

09 Nov 2021, 09:43:24 AM IST

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

The index has opened on a positive note: It is keeping well above the 18,000 resistance. If we can sustain this for today, buy signals would allow the Nifty to scale higher to 18,400 and then to 18,600. A good base formation has taken place at 17,600 and until that is not disrespected, we are in positive territory.

 

09 Nov 2021, 09:37:06 AM IST

BSE Auto sees over 1% gain

TVS Motor has seen 10% gain. The company had announced a move to follow the Tata Motors way to raise funds for an EV business.

Source: BSE
View Full Image
Source: BSE
09 Nov 2021, 09:28:36 AM IST

Markets open in green

Sensex and Nifty opened in the green on Tuesday, but Sensex quickly slipped into the red and has been trading flat. Nifty is also trading flat in the green.

Source: BSE, NSE.
View Full Image
Source: BSE, NSE.
09 Nov 2021, 09:15:41 AM IST

Sensex, Nifty at pre-open 

Source: NSe, BSE
View Full Image
Source: NSe, BSE
09 Nov 2021, 09:14:24 AM IST

Markets pre-opening

Sensex and Nifty were slightly in the green in pre-open trade. IndusInd Bank, M&M and HCL Tech were top gainers on Sensex, while HDFC, Titan and Hindustan Unilever were top losers.

Source: BSE
View Full Image
Source: BSE
09 Nov 2021, 08:55:27 AM IST

On market pre-open: Gaurav Udani, CEO and founder, ThincRedBlu Securities

Nifty is expected to open flat around yesterday's close at 18,070. Yesterday nifty closed around its 20 period moving average. Any closing above 18,100 with higher volumes may take Nifty to 18,250 levels. 18,050 to 18,100 may act as a resistance zone while17,950 and 17,800 will act as support levels.

09 Nov 2021, 08:52:49 AM IST

Easy Trip Planners fixes 22 Nov as record date for interim dividend payment

Easy Trip Planners Ltd has informed BSE that the company has fixed 22 November as the record date for payment of interim dividend, if any.

09 Nov 2021, 08:40:44 AM IST

Thai baht leads gains among Asian currencies

09 Nov 2021, 08:27:05 AM IST

UK govt to add Bharat Biotech's Covaxin to approved list from 22 Nov 

Bharat Biotech's Covaxin will be added to UK government's list of approved covid-19 vaccines for international travellers from 22 November. This comes after Covaxin gets emergency use approval from World Health Organization (WHO) last week. The changes will come into effect at 4 am on 22 November. (Read here)

09 Nov 2021, 08:19:34 AM IST

Day trading guide for Tuesday

9 stocks to buy or sell today — 9th November (Read here)

09 Nov 2021, 08:11:49 AM IST

Markets likely to be volatile; RIL, Future group stocks in focus

Markets are likely to be volatile on Tuesday while trends in SGX Nifty suggest a flat opening of Indian benchmark indices. On Monday, the BSE Sensex ended at 60,545.61, up 477.99 points or 0.80% and the Nifty closed at 18,068.55, up 151.75 points or 0.85%. (Read here)

09 Nov 2021, 08:00:15 AM IST

Paytm IPO: Should you subscribe?

GMP, subscription status, other details. (Read here)

09 Nov 2021, 07:51:03 AM IST

Coca-Cola India net profit falls 28.4% to ₹443.4 cr in FY21

Beverages major Coca-Cola India's net profit declined 28.4% year-on-year to 443.38 crore and its revenue from operations was down 16.2% to 2,297.51 crore in the pandemic-hit FY21, according to regulatory documents. The cola major had logged a net profit of 619.14 crore in FY20, while its revenue from operations in that year had stood at 2,741.54 crore.

09 Nov 2021, 07:47:54 AM IST

Bitcoin hits new record as crypto market cap exceeds $3 tn

Bitcoin and ether made record peaks in the Asia session on Tuesday as enthusiasm for cryptocurrency adoption and fears about inflation lent support to the asset class. Bitcoin rose as far as $67,700 and ether, the second-biggest cryptocurrency by market value, hit $4,800. Both have more than doubled since June and added nearly 70% against the dollar since the start of October. The moves helped lift the total market capitalization of cryptocurrencies above $3 trillion, according to crypto price and data aggregator CoinGecko.

09 Nov 2021, 07:37:27 AM IST

Global stocks at new highs, crude rises on global growth outlook

World shares hit new highs on Monday as investors welcomed the passage of a US infrastructure spending bill, while crude oil gained on the outlook for energy demand in an expansive global economy. The benchmark S&P 500 index and the Nasdaq extended their run of all-time closing highs to eight straight sessions, while the blue-chip Dow notched its second consecutive record closing high. In Canada, the Toronto Stock Exchange's S&P/TSX composite index closed at a record for the third straight day while MSCI's all-country world index closed higher for a six successive session. A 4.9% decline in Tesla Inc shares weighed on the S&P 500. Tesla fell after Chief Executive Elon Musk's Twitter poll on whether he should sell about 10% of his stock in the electric automaker. The pan-European STOXX 600 index rose 0.06%. World shares have rallied as relatively dovish talk from central bank officials last week and strong US labour data on Friday bolstered investor optimism over solid earnings results on both sides of the Atlantic. But a tight US labor market along with the dislocation in global supply chains could result in a high reading for consumer prices on Wednesday. Strong inflation likely would rekindle talk of Federal Reserve raising interest rates earlier than expected. Most US Treasury yields rose after Congress passed a long-delayed $1 trillion infrastructure bill on Saturday, though a broader social safety net plan remains elusive. Demand was soft for three-year notes at auction. The benchmark 10-year yield rose 4 basis points at 1.4932%. Oil prices rose and the United States said it was weighing options to address high prices. Brent crude rose 69 cents to settle up at $83.43 a barrel. US crude rose 66 cents to settle at $81.93 a barrel.

09 Nov 2021, 07:33:33 AM IST

Stocks to watch

Reliance, TVS, and SBI are among stocks to watch (Read here)

09 Nov 2021, 07:30:19 AM IST

Asian stocks rise after US streak; bonds steady

Asian stocks rose Tuesday after US equities extended a winning streak on optimism that the economic recovery can weather inflation risks. The dollar and Treasuries held declines. Shares advanced modestly in Japan, South Korea and Australia. US futures slipped after the S&P 500 eked out a gain to cement its longest winning run since 2017. A drop in Tesla Inc. weighed on the Nasdaq 100: Elon Musk’s Twitter followers in a poll he set up voted in favour of the billionaire selling 10% of his stake in the firm. Treasury yields held a climb amid a weak three-year auction. Meanwhile, the yield on 30-year Treasury inflation-protected securities slid to a record low, a sign of ongoing concerns about price pressures shadowing the global economy. Coronavirus treatments, easing travel curbs and the passage of a $550 billion US infrastructure bill have boosted sentiment. Key central banks have also indicated they plan to scale back loose monetary policy very gradually, in part on expectations that inflationary pressures caused by creaking supply chains and energy prices will prove temporary.

Stocks

S&P 500 futures fell 0.2% as of 9:25 a.m. in Tokyo. The S&P 500 rose 0.1%

Nasdaq 100 futures fell 0.2%. The Nasdaq 100 fell 0.1%

Japan’s Topix index rose 0.3%

Australia’s S&P/ASX 200 Index added 0.2%

South Korea’s Kospi index rose 0.3%

Hang Seng Index futures gained 0.6% earlier

Never miss a story! Stay connected and informed with Mint. Download our App Now!!

Close
×
Edit Profile
My ReadsRedeem a Gift CardLogout