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Sensex, Nifty end flat; metals, PSU banks see selling, pharma gains

Stock markets today: Indian benchmark indices ended flat on Monday, with pharma stocks advancing, and metals hit the most. (Photo: AP Photo)Premium
Stock markets today: Indian benchmark indices ended flat on Monday, with pharma stocks advancing, and metals hit the most. (Photo: AP Photo)

  • Share Market closing: The Sensex so far today touched a high of 61,036.56 and low of 60,597.36. Pharma, FMCG, healthcare, IT and oil & gas indexes rose while metal index fell over 1.5%. Nifty fell below 18,150

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Finance minister Nirmala Sitharaman will meet chief ministers and state finance ministers on pushing growth and investment. The Indian government will release trade data for October later today

15 Nov 2021, 03:49:01 PM IST

Sensex, Nifty end flat; metals top drag; pharma advances

Indian benchmark indices, Sensex and Nifty, ended largely flat on Monday, failing to sustain gains made earlier in the day.

The Sensex rose 32.02 points or 0.05% to end at 60718.71, while the Nifty climbed 6.70 points or 0.04% at close the day at 18109.50. 

Power Grid Corp, Cipla, ITC, ONGC, and UPL were among the top gainers on Nifty, while Coal India, Tata Steel, Hindalco, Eicher Motors and JSW Steel fell the most.

Healthcare and pharma indexes rose, while metal and PSU bank indices fell over 1% each. BSE MidCap index was up 0.4% and SmallCap fell 0.2%.

Sensex stocks at close on Monday.
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Sensex stocks at close on Monday.
15 Nov 2021, 03:24:54 PM IST

Bharti Airtel, HDFC, L&T, NIIT, ACC, Thermax, among others, 52-week highs on BSE

15 Nov 2021, 03:16:46 PM IST

European stocks extend winning streak

European stocks were steady near record highs on the back of an earnings season that showed companies were deleveraging and weathering the supply-side crisis.

The Stoxx 600 Europe Index inched higher after six weeks of gains that marked its longest weekly winning streak since mid-April. S&P 500 futures edged higher with Nasdaq 100 contracts. Bonds across Europe rose with U.S. Treasuries.

Strong corporate earnings are helping drive investors into rallying markets and overshadowing fears about the hottest U.S. inflation print in three decades. The sentiment found its way into calmer bond markets, where these fears had played out in the highest volatility since the onset of pandemic.

15 Nov 2021, 03:11:19 PM IST

UK expands Covid-19 booster program to people aged 40 and over: Bloomberg 

15 Nov 2021, 03:10:48 PM IST

Market view: Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi Shares & Stock Brokers

Indian markets opened on a positive note on Monday despite mixed cues from it Asian market peers where Chinese shares traded lower post better than expected consumer spend data. 

During the afternoon session markets lost initial gains and traded marginally in green with buying in Healthcare, IT, and TECK stocks. Positive sentiments were getting support with Commerce and Industry Minister’s statement that the proposed free trade agreements (FTAs) with countries, including Australia, the UK and the UAE, are moving at a fast pace and these pacts, when implemented, would help provide greater market access to domestic goods. 

However, upside remain capped as WPI inflation in October surged to 12.54% from 10.66% a month ago and 1.31% in October 2020. The high rate of inflation in October 2021 is primarily due to rise in prices of mineral oils, basic metals, food products, crude petroleum & natural gas, chemicals and chemical products etc as compared the corresponding month of the previous year.

15 Nov 2021, 03:05:40 PM IST

Top gainers on BSE at this hour 

BSE gainers 
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BSE gainers 
15 Nov 2021, 03:03:35 PM IST

eMudhra files draft papers with Sebi to raise funds via IPO

15 Nov 2021, 03:02:35 PM IST

Axis Securities on HDFC Life Insurance 

On the daily chart, the stock has decisively broken out its three weeks “Consolidation Range" (710-670) breakout at 710 levels on a closing basis

• The stock has recaptured its 20 and 100 day SMA (700) which remains a crucial support zone

• A buy signal on Band Bollinger reconfirms rising momentum

• Since past one year the stock is strong well placed above its major support zone of 680-660 levels which remains a positive sign

• 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 to 745-765 levels *Holding period is 3 to 4 weeks.

15 Nov 2021, 02:50:55 PM IST

Kerala receives 105% excess rainfall this month: IMD

15 Nov 2021, 02:29:51 PM IST

Infosys, TCS , banks drive Sensex higher 

Sensex contributors 
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Sensex contributors 
15 Nov 2021, 02:09:34 PM IST

Gold retreats as cautious investors eye central banks' next move

Gold prices eased on Monday, slipping from a more than five-month peak hit in the previous session, as cautious investors assessed if rising inflation would prompt a more aggressive response by central banks.

Spot gold fell 0.3% to $1,858.73 per ounce, while U.S. gold futures dropped 0.5% to $1,859.30.

15 Nov 2021, 02:07:49 PM IST

Shell to drop the ‘Dutch’ from name, end dual share structure

Royal Dutch Shell Plc plans to simplify its structure, establishing a single line of shares and moving its tax residence to the U.K. from the Netherlands.

While such a change had been on the cards for years, the decision comes at a time when relations in its home country have become increasingly fraught. Without warning, Dutch pension fund ABP said last month it would drop Shell -- and all fossil fuels -- from its portfolio, while in May a court ruled the firm must slash its emissions harder and faster than planned.

15 Nov 2021, 02:03:41 PM IST

European stocks steady at open, ahead of inflation data

Europe's main stock markets steadied at the open Monday, with investors sitting tight before key inflation updates out of the eurozone and UK this week.

London's benchmark FTSE 100 index began the week flat at 7,346.88 points.

In the eurozone, Frankfurt's DAX index rose 0.1% to 16,107.25 and the Paris CAC 40 gained 0.2% to 7,101.99.

With global inflation surging as economies reopen after pandemic lockdowns, markets are looking to see if central banks such as the Fed, ECB and Bank of England will raise interest rates earlier than expected.

15 Nov 2021, 02:01:04 PM IST

OPEC+ will probably stick with oil-production strategy, says UAE: Bloomberg 

The OPEC+ group of major oil producers is likely to stick with its plan of raising daily output by 400,000 barrels per month, according to the United Arab Emirates.

The comments from UAE Energy Minister Suhail Al Mazrouei echoed those of his counterpart from Oman and suggest that at least some members of the 23-nation alliance are will to continue resisting U.S. pressure to pump faster.

“The 400,000 is continuing and that should be enough," Mazrouei said in an interview in Abu Dhabi, where he’s attending the Adipec oil and gas conference. He spoke after being on a panel with the energy ministers of Saudi Arabia and India.

The Organization of Petroleum Exporting Countries and partners next meet on 2 December.

15 Nov 2021, 01:52:53 PM IST

Fumiyasu Fujimori to lead Panasonic's consumer sales division

15 Nov 2021, 01:47:42 PM IST

Bharti Airtel sets up ESG Committee of Board of Directors: BSE filing 

Bharti Airtel Ltd on Monday said it has formed a Committee of Board of Directors (“ESG Committee") to sharpen its focus towards its Environmental, Sustainability and Governance (ESG) agenda.

Manish Kejriwal, lead independent director on the board, will be the chairman of the ESG Committee. Other board members on the Committee are D.K. Mittal, independent director; Nisaba Godrej, independent director; Rakesh Bharti Mittal, non-executive director, and Gopal Vittal, managing director & CEO (India and South Asia).

The ESG Committee will provide strategic guidance and oversight to the company’s progress on ESG targets, initiatives and best practices. This will also include initiatives to respond to challenges posed by climate change through sustainable business practices.

15 Nov 2021, 01:44:38 PM IST

YES Securities recommends SELL on Apollo Hospitals 

Hospitals shine but pricing elevated

Management indicated it expects ARPOB to sustain even as sensitivity to change in ARPOB is quite meaningful. Factoring such elevated ARPOB would imply assuming case mix remains similar to what it has been during the pandemic. We refrain from making such an overarching change in ARPOB as revival in footfalls would tend to reduce the share of high end surgeries. Given the sharp rise in ARPOB, raise realization estimates resulting in ~40% rise in FY22 EPS. On near term strength in ARPOB, raise EV/EBIDTA multiple for hospitals to 13x but retain SELL with revised target price of 3,030 apiece.

15 Nov 2021, 01:38:33 PM IST

Somany Ceramics stock up 4.5% on robust Q2 performance

Tile maker Somany Ceramics Ltd has impressed the Street with its robust performance in the September quarter. Its revenue and profit growth of 10% and 57% year-on-year basis, was ahead of analysts' expectations. This beat was largely driven by operating leverage. Another postive takeaway for investors in this stock was tile volume growth of 25% compared to the same quarter last year. On a two-year CAGR basis, Somany's tile volume growth at around 13% was similar to that of close competitor Kajaria Ceramics Ltd, analysts said.

15 Nov 2021, 01:29:32 PM IST

IBM opens new business process consulting facility in Hyderabad

15 Nov 2021, 01:20:45 PM IST

Nifty Pharma rises nearly 1%

Nifty Pharma index 
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Nifty Pharma index 
15 Nov 2021, 01:07:09 PM IST

Edelweiss Mutual Fund launches large and mid-cap index scheme

Edelweiss Asset Management Ltd on Monday announced the launch of an open-ended equity scheme that replicates Nifty LargeMidcap 250 Index. This is the first index fund to be launched on Nifty LargeMidcap 250 Index, which provides equal exposure to large and midcap stocks in one portfolio, according to the fund house.

The new fund offer for (NFO) for Edelweiss Large and Midcap Index Fund will open for during 15-26 November. The scheme will be managed by Bhavesh Jain.

The index will allocate funds to 100 large-cap stocks, represented by established companies in the Nifty 100 Index and 150 mid-cap stocks, represented by emerging and high growth companies in the Nifty MidCap 150 Index.

15 Nov 2021, 01:05:59 PM IST

NTPC to set up solid waste management plant worth ₹180 crore in Varanasi

15 Nov 2021, 01:01:10 PM IST

Tarsons Products IPO subscribed 52% so far on Day 1 of bidding 

15 Nov 2021, 12:55:16 PM IST

WeWork opens news centre in Mumbai’s Nariman Point

15 Nov 2021, 12:35:49 PM IST

ICICI Securities maintains BUY on Coal India; target price at ₹234 apiece 

Coal India’s reported a net profit of Q2FY22 of 29.3bn, down 0.6% YoY. However, adjusted PAT at 32.3bn was 9.4% YoY higher due to a one-time charge of 4bn (pre-tax) on actuarial valuation of higher medical benefits to retired employees (increased from 0.5mn to 0.8mn per retiree for 0.21mn retirees), as recommended by the CAG ( 6bn in Q1FY22). 

Further, higher diesel and explosive costs, higher depreciation and lower other income were other major reasons offsetting the higher volumes. These factors we believe may compel Coal India to undertake price hikes in the next few months. 

Revenues were robust at 233bn, up 10.1% YoY, on 9.4% YoY growth in offtake volumes to 147 million tonne. Average realisation was flat at Rs1,448/tonne though e-auction realisations improved 10.9% YoY. E-auction volumes also increased 20.8% YoY. Since e-auctions with higher premiums started only on 20th Aug’21, billing for the same started from 4th Oct’21 onwards. 

We therefore expect higher realisation and volumes to be reflected in Q3FY22. Maintain BUY.

15 Nov 2021, 12:25:37 PM IST

SC directs Centre to hold emergency meeting to control air pollution: PTI

The Supreme Court on Monday directed the Centre to call an emergency meeting on Tuesday to take measures like stopping non-essential construction transport, power plants and implementing work from home.

A bench, headed by Chief Justice N V Ramana, directed the concerned secretaries of Uttar Pradesh, Haryana and Punjab and Delhi to attend the meeting to make their submissions before the committee formed by it.

The top court also asked the state governments of Punjab and Haryana to pursue the farmers for two weeks not to do stubble burning.

"We direct the government of India, NCR states to examine introducing work from home for employees," the bench said.

15 Nov 2021, 12:15:11 PM IST

Info Edge reports massive surge in Q2 PAT on Zomato listing

Info Edge (India) Ltd, parent of Naukri.com and 99acres.com, reported an over 47-fold jump in its net profit for the quarter ended September on the back of exceptional gains following the blockbuster listing of online food delivery giant Zomato.

The Noida-based company's net profit surged to 7369.34 crore during July-September from 155.33 crore in year-ago period, Info Edge said in a filing to the exchanges.

Profit was boosted by its unrealised mark-to-market gain of 8,941.2 crore on its investment in Zomato and a realised gain of 357.1 crore arising from sale of shares of Zomato under the offer for sale (OFS) route

Net sales rose 37.3% to 351.7 crore while billing at 402.3 crore climbed 61.3% during the period under review. The jump in net sales was led by recruitment solutions, real estate portal 99acres, and education services portal Shiksha.

15 Nov 2021, 12:07:12 PM IST

October WPI Inflation at 12.54%

India’s wholesale price inflation galloped to a five-month high at 12.54% in October, breaking the five-month downward trend as prices of manufactured items and fuel group shot up.

In September, inflation based on the wholesale price index (WPI) was at 10.66%.

Data released by the industry department showed fuel inflation accelerated to 37.2% in October from 24.8% in the preceding month while inflation for manufactured items rose to 12% from 11.4% during the same period. Food inflation, however, contracted 1.7% during October as vegetable prices eased from their level a year ago.

While high petrol, diesel and cooking gas prices drove fuel inflation, high prices of basic metals, textiles, plastics and edible oils drove inflation of manufactured items.

Retail inflation marginally picked up to 4.48% in October due to higher-than-expected fuel and food inflation.

Fitch Solutions last week cautioned that despite one of the strongest growth outlooks across the emerging markets, policymakers in India are facing rising inflationary pressures, which will start to pose policy challenges.

15 Nov 2021, 11:44:47 AM IST

Nifty pares gains, near 18,100

Nifty50
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Nifty50
15 Nov 2021, 11:40:47 AM IST

Nifty Metal worst hit among sectoral indices 

Nifty metal index 
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Nifty metal index 
15 Nov 2021, 11:38:46 AM IST

Max Ventures to exit specialty packaging biz, to focus on realty

Max Ventures & Industries Ltd, a holding company of Max Group, said it has entered into a definitive agreement with its Japanese partner, Toppan Inc., to divest its remaining 51% stake (in two tranches) in , in Max Specialty Films Ltd (MSF), specialty packaging films business, for an enterprise valuation of 1,350 crore.

Toppan will also take over the debt of MSFL as part of the deal.

15 Nov 2021, 11:23:42 AM IST

India reopens to foreign tourism after 20-month pandemic closure: Bloomberg 

India reopened its borders to mass foreign tourism, ending a 20-month clampdown as coronavirus infections across the country remain low and vaccination rates rise.

After halting tourist visas in March last year, India is now allowing quarantine-free entry to fully inoculated travelers from 99 reciprocating countries. The government only requires such tourists to monitor their health for 14 days after arrival.

Since last month tourists on chartered flights were already being granted entry and Indian authorities expanded that to arrivals on commercial flights on Monday.

15 Nov 2021, 11:19:46 AM IST

Sensex up 159.06 pts at 60,845.75; Nifty climbs 44.15 points to 18,146.90

15 Nov 2021, 11:01:34 AM IST

Derivatives Strategy - Positional Options: ICICI Direct 

Rationale 

The volatility in stocks is significantly higher even when the Nifty has been trading in a range. This provides a risky but rewarding opportunity to write stock options to gain from gradual erosion. Writing option provides added advantage as almost 80% option expires worthless on the expiry. 

The Theta of the options erodes exponentially with time. We believe that the second half of the series is apt for stock option writings. 

For selecting stocks, apart from considering the option bases of the series, we also look at the ongoing trend in the futures segment along with delivery volumes. 

We advise to write the below stock options for the ongoing series, which are likely to expire worthless:

Recommendations

1) Bharti Airtel November Put

2) Larsen & Toubro November Put

3) Bajaj Finance November Call

4) IndusInd Bank November Call

15 Nov 2021, 10:58:45 AM IST

Sensex check 

Sensex off day's high 
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Sensex off day's high 
15 Nov 2021, 10:50:28 AM IST

Rupee surges 12 paise to 74.33 against US dollar in early trade

15 Nov 2021, 10:47:10 AM IST

Nifty technicals: ICICI Securities 

Technical Outlook

The formation of higher peak and trough on the monthly chart signifies broader positive structure is intact that makes us believe that the index would eventually resolve higher and retest the all-time high of 18,600 by December 2021. Key point to highlight over past 18 months is that, price-wise Nifty has maintained the rhythm of not correcting for more than 7-9% while sustaining above 50 days EMA and time-wise intermediate corrections have got arrested within four weeks. As index has already corrected 5.5% over past three weeks, we expect index to hold 17,500 and eventually challenge the life highs

15 Nov 2021, 10:38:10 AM IST

Nykaa shares fall as company reports fall in Q2 profit 

FSN E-Commerce Ventures Ltd, popularly known by its brand name Nykaa, on Sunday reported a consolidated net profit of 1.2 crore for the quarter ended September, down 95% year-on-year. Operating profit was at 28 crore during the quarter, with an Ebitda margin of 3.3%. Revenue from operations rose 47% YoY and 8% sequentially to 885 crore.

Nykaa 
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Nykaa 
15 Nov 2021, 10:35:04 AM IST

Sigachi Industries makes spectacular stock market debut, shares list at 267% premium 

Shares of Sigachi Industries made a stellar debut on the stock exchanges Monday. The stock listed at 598.50, a 267% premium over its issue price of 163.

The 125.43 crore initial public offering (IPO) was subscribed 101.91 times in the price band of 161 to 163. The purpose of the issue is to fund capital expenditure for expansion of production capacity for microcrystalline cellulose at Dahej and Jhagadia, to manufacture Croscarmellose Sodium at Kurnool and for general corporate purposes.

15 Nov 2021, 10:08:18 AM IST

Policybazaar payment PB Fintech shares list at 17.35% premium

Shares of Policybazaar’s parent company PB Fintech Ltd saw steady stock markets listing on Monday. The stock listed at 1,150 apiece, a 17.3% premium over its issue price of 980 a piece.

The initial public offering (IPO) aiming to raise 5,625 crore was subscribed 16.59 times during the share sale held 1-3 November. The funds raised via IPO will be utilised for marketing expenditure, offline expansion, strategic investments, acquisitions and overseas expansion.

 

PB Fintech listing on BSE
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PB Fintech listing on BSE
15 Nov 2021, 09:54:45 AM IST

TeamLease stock slips 7% on an unexpected loss in Q2

Temporary staffing company TeamLease Services Ltd reported mixed set of earnings for the September quarter. Operating performance was decent with revenue growth of around 11% sequentially, aided by a broad-based growth across all the three verticals.

The seasonality factor helped the company add 25,000 associates in Q2, which is a record high. In a post-earnings conference call, the management said associate addition in general staffing stood at 14,000, specialised staffing had a net associate addition of 900 and NETAPP added 10,000 trainees in 2QFY22, a record high.

However, the company reported an adjusted loss of 49 crore on account of loss provisions in its PF trust on DHFL investment resolution.

15 Nov 2021, 09:44:50 AM IST

HeroMoto Corp rises; company to launch first EV product by March 

Two-wheeler market leader Hero MotoCorp has said its electric vehicle project is in advanced stages and is gearing up to launch the first product by March 2022. 

The company reported a 22% decline in its consolidated net profit to 747.79 crore for the second quarter ended September, hit by lower sales. Consolidated revenue from operations was at 8,538.85 crore as against 9,473.32 crore in the year-ago quarter.

15 Nov 2021, 09:41:18 AM IST

Dollar near 16-month high, market awaits clues on Fed policy

The dollar eased back from near an almost 16-month high versus major peers on Monday, as traders awaited fresh clues on the U.S. economy after bringing forward bets last week for a Federal Reserve interest rate hike on the back of red-hot inflation.

The dollar index, which measures the currency against six peers, eased 0.13% to 95.012 from Friday, when it posted its biggest weekly gain since mid-August and touched 95.266 for the first time since July 2020.

The dollar had been on a tear since Wednesday, when data showed a broad-based rise in U.S. consumer prices last month at the fastest annual pace since 1990, casting doubts on the Fed's stance that price pressure will be transitory.

15 Nov 2021, 09:22:26 AM IST

Top gainers/losers on Nifty in opening deals

Nifty stocks 
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Nifty stocks 
15 Nov 2021, 09:19:10 AM IST

Sensex opens higher amid strong cues from Asian peers

Markets in opening deals 
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Markets in opening deals 
15 Nov 2021, 09:06:45 AM IST

Markets in pre-open

BSE indices 
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BSE indices 
15 Nov 2021, 09:05:44 AM IST

Nifty in pre-open

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Nifty50
15 Nov 2021, 08:54:54 AM IST

Japan's economy shrinks more than expected as supply shortages hit

Japan's economy contracted much faster than expected in the third quarter as global supply disruptions hit exports and business spending plans and fresh COVID-19 cases soured the consumer mood.

While many analysts expect the world's third-largest economy to rebound in the current quarter as virus curbs ease, worsening global production bottlenecks pose increasing risks to export-reliant Japan.

The economy shrank an annualised 3.0% in July-September after a revised 1.5% gain in the first quarter, preliminary gross domestic product (GDP) data showed on Monday, much worse than a median market forecast for a 0.8% contraction.

15 Nov 2021, 08:39:16 AM IST

Asia shares edge higher as China data beat forecasts

Asian shares edged higher on Monday as Chinese economic data surprised on the high side, challenging wagers the economy was stuck in a downturn although a decline in mainland house prices was a worry.

Annual growth in retail sales and industrial output both handily beat forecasts, with the bounce in consumption a positive given pandemic restrictions.

On a negative note for the stressed housing market new home prices in China fell 0.2% month-on-month in October, the biggest decline since February 2015.

Chinese blue chips were steady on the data, while MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4%, after popping higher late last week.

Japan's Nikkei gained 0.5% as data showing economic activity shrank by more than expected in the third quarter only reinforced the case for aggressive fiscal stimulus.

15 Nov 2021, 08:34:24 AM IST

Indian stock markets likely to be steady on Monday; Future group, Nykaa shares in focus

15 Nov 2021, 08:10:01 AM IST

India factory output slips, retail inflation jumps

India’s factory output growth slowed to 3.1% in September, and retail inflation picked up marginally to 4.48% in October, compounding the dilemma for policymakers.

Data issued by the statistics office on Friday showed that the Index of Industrial Production (IIP) decelerated in September, from 11.9% in August and 1% in September last year. This was mainly due to the unfavourable base, disruptions from heavy monsoon and the impact of semiconductor chip shortages on automobile production, outweighing a pre-festive season inventory buildup suggested by goods and services tax (GST) e-way bill data.

Sequentially, India’s IIP contracted for the second straight month in September by 2.6%, signalling demand revival remains tentative. (Read here)

15 Nov 2021, 08:03:59 AM IST

Tata Steel revives plans to sell its Thailand business: report 

Tata Steel has revived plans to sell its Thailand business as the company looks to exit less profitable overseas units in the ongoing super-cycle, according to media reports citing senior group officials aware of the developments. The proposed sale, coming on the heels of India's largest steel maker's move to offload its Singapore business, NatSteel Holdings, will aid the company cut its debt further.

Bangkok-listed Tata Steel Thailand has a market value of over 13.47 billion baht or $ 410 million.

15 Nov 2021, 08:01:07 AM IST

Market view: Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel One

Market seems to be trapped in a range. So it looks like a consolidation in the range of 17800-18100. 

For this week, 18200-18350 is to be seen as a crucial range and till the time we do not surpass it convincingly, we will not be out of the woods. In fact, it would be too early to comment on it, but we can clearly see a bearish formation of ‘Head and Shoulder’ being in process on the daily chart of Nifty. The neckline support is around 17700-17600, which if gets broken, we could see difficult days for market in the short run. With reference to our recent cautious stance on the market, we will not be surprised to see it happening soon, if we fail to go beyond the mentioned zone of 18200-18350 this week.

The main reason for us to continue with the cautious stance is the formation of ‘Shooting Star’ pattern on monthly chart. As long as we do not break the high of the candle, it can prove its significance anytime. Hence, we reiterate on avoiding aggressive longs and even if one wants to follow stock specific moves, needs to be very selective.

15 Nov 2021, 07:58:29 AM IST

Red-hot IPO market lifts investment banking fees

Investment banks are reaping the gains of a bumper primary market this year. They have pocketed record fee incomes, managing a slew of public issues, especially those of consumer technology firms.

Papers filed by the consumer technology companies with the Securities and Exchange Board of India (Sebi) showed that IPOs of five of these companies—Paytm, Zomato, Nykaa, Policybazaar and CarTrade—generated collective fee incomes of 940 crore (about $126 million) for banks. (Read here)

15 Nov 2021, 07:54:43 AM IST

Stocks to Watch

Shares of Nykaa, Maruti, ONGC, Future Retail, among others, will be in focus on Monday.

Share of Policy Bazaar, SJS Enterprises, and Sigachi will make their stock market debut today. Parle Industries, Binani Industries, Esaar (India) are among companies set to announce their September quarter results today.

15 Nov 2021, 07:53:09 AM IST

SGX Nifty trades higher 

SGX Nifty futures rose 39.80 points, or 0.2%, to 18,223.80 in early deals on Monday, indicating a positive start for the broader index in India

15 Nov 2021, 07:43:20 AM IST

Oil prices slide amid fears of supply boost, weaker demand

Crude oil prices skidded on Monday, under pressure from expectations of higher supplies and weakening demand.

Brent crude futures fell 58 cents, or 0.7%, to $81.59 a barrel. U.S. West Texas Intermediate (WTI) crude lost 58 cents, or 0.7%, to $80.21 a barrel.

Both markets have dropped for the last three weeks, hit by a strengthening dollar and speculation that President Joe Biden's administration might release oil from the U.S. Strategic Petroleum Reserve to cool prices.

15 Nov 2021, 07:37:15 AM IST

Asian shares cautiously higher; China data in focus

Asian equities edged cautiously higher on Monday as U.S. stock futures made early gains, though investors were wary of bearish surprises in a batch of Chinese economic data due out later.

Annual growth in retail sales, industrial output and urban investment are all expected to slow further in October partly due to pandemic restrictions and strains in the housing market.

Elsewhere, the U.N. climate conference in Scotland did manage to hammer out a deal on emissions, but only by watering down a commitment to phase out coal.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1%, after popping higher late last week.

Japan's Nikkei gained 0.7% as data showing economic activity shrank by more than expected in the third quarter only reinforced the case for aggressive fiscal stimulus.

Wall Street eased last week to break a string of gains, though the major indices were only a shade off all-time highs.

European Central Bank President Christine Lagarde will appear before European Parliament later on Monday.

S&P 500 futures rose 0.1%, while Nasdaq 100 futures added 0.3%. Japan’s Topix index rose 0.4% and Australia’s S&P/ASX 200 Index climbed 0.4%. South Korea’s Kospi index rose 1.1%, while Hong Kong’s Hang Seng Index was flat. China’s Shanghai Composite Index lost 0.2%.

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