← Go back Oct 10, 2023
Man Infraconstruction To Raise Stake In Atmosphere Realty By 12.5% To raise stake in Atmosphere Realty to 30% from existing 17.5%.To acquire stake for Rs 12.5 crore.Source: Exchange filingTitan To Avail Long-Term Loans Of Rs 1,000 Crore From Banks, NBFCsPCBL Q2 FY24 (Consolidated, YoY)Revenue down 8.7% at Rs 1,487 crore vs Rs 1,628 croreEbitda up 26.3% at Rs 238 crore vs Rs 189 croreMargin at 16% vs 11.6%Net profit up 5.5% at Rs 123 crore vs Rs 116 croreShilpa Medicare Unit IV Jadcherla, Telangana Clears TGA, Australia GMP InspectionEuropean Markets Open HigherNewgen Software Technologies (Consolidated, QoQ)Revenue up 16.51% at Rs 293.23 crore vs Rs 251.67 crore (Bloomberg estimate Rs 292 crore)Ebit up 99.05% at Rs 50.38 crore vs Rs 25.31 crore (Bloomberg estimate Rs 42.85 crore) Margin at 17.18% vs 10.05% (Bloomberg estimate 14.67%)Net profit up 58.21% at Rs 47.78 crore vs Rs 30.2 crore (Bloomberg estimate Rs 41.2 crore)Stocks Hitting 52-Week High Intraday!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rTata Motors Launches Facelifts Of Harrier, Safari SUVs Ahead Of Festive Season Harrier SUV priced at Rs 15.49 lakh, onwards.Harrier Automatic starts at Rs 19.99 lakh.Safari SUV priced at Rs 16.19 lakh, onwards.Safari Automatic starts at Rs 20.69 lakh.Note: The prices are introductory.Tata Metaliks Q2FY24 (Consolidated, YoY)Revenue down 13.95% at Rs 754.71 crore vs Rs 876.98 crore Ebitda up 120.25% at Rs 90.13 crore vs Rs 40.92 crore Margin at 11.94% vs 4.66% Net profit up 209.02% at Rs 44.16 crore vs Rs 14.29 croreSource: Exchange filing !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rVA Tech Wabag Jumps 11% ON Partnering With Pani Energy To Integrate AI In Water Treatment PlantsShares of VA Tech Wabag Ltd. rose to an over one-month high after the pure-play water technology company partnered with Pani Energy Inc. to implement applied artificial intelligence for treatment plants. The new category of digital technology is called Operational Intelligence and delivered through their product Pani ZED, in the plant operations. The partnership aims to leverage Pani’s platform to optimize the operational expenditure in the plants by reducing downtime, energy consumption, and chemical usage. Additionally, it will expedite decision-making processes and enhance the longevity of critical equipment.The scrip rose as much as 11.04% to Rs 495 apiece, the highest level since Sept. 6. It pared gains to trade 10.03% higher at Rs 490.50 apiece, compared to a 0.55% advance in the benchmark NSE Nifty 50 as of 1:15 p.m. It has fallen 49.7% on a year-to-date basis. The total traded volume so far in the day stood at 14 times its 30-day average. The relative strength index was at 62. Three analysts tracking the company maintain a 'buy' rating, according to Bloomberg data. The average of 12-month analyst price targets implies a potential upside of 28.5%.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rStocks In Focus With CEAT & Yatra Online #AskBQ: Bajaj Finance In Focus Ahead Of Q2 Sensex, Nifty Rise As Powergrid, BPCL Gain; Energy, FMCG Stocks Advance: Midday Market UpdateIndia's benchmark stock indices opened higher and held on to steady gains through midday on Tuesday. Banks and non banking financial institutions advanced while the realty sector was under pressure. Nifty was trading above 19,800 level, while Sensex was just below 66,500 level. "While a 20,020 move will need a 19,840 break first, ability to float above 19,745 could lend a positive bias. But as maintained yesterday, positivity can evaporate quickly should we get back below 19,650s again.," says Anand James, Chief Market Strategist at Geojit Financial Services.As of 12:59 p.m., the S&P BSE Sensex was up 365 points, or 0.55%, at 66,532.07, while the NSE Nifty 50 was 112 points or 0.57% higher at 19,843.60.Asia markets advanced amid diplomatic efforts to prevent the Israel-Hamas war from expanding into a regional conflict.Shares in Australia, South Korea, Japan, China and Hong Kong advanced on Tuesday. Contracts for U.S. equities were marginally lower in Asian trading.On Monday, the S&P 500 added 1.1% on Monday, with traders also gearing up for a raft of earnings reports.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rPower Grid Corp., BPCL, HDFC Life Insurance Co., State Bank of India, and Tata Consumer Products Ltd. were the top gainers on the Nifty 50 Index. Whereas, Larsen & Toubro Ltd., UPL Ltd., Tata Motors Ltd., Grasim Industries Ltd., and Asian Paints Ltd. were the top losers on the Nifty 50 Index.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rThe broader market indices were trading higher; the S&P BSE MidCap Index was up 0.45%, whereas S&P BSE SmallCap Index was also 0.82% higher.All the 20 sectors compiled by BSE advanced except S&P BSE Realty. S&P BSE Utilities, S&P BSE Power and S&P BSE Telecommunication rose the most. The market breadth was skewed in the favour of the buyers. About 2,322 stocks rose, 1,231 declined, while 172 remained unchanged on the BSE.J. Kumar Infraprojects Gets Order For Hospital Worth Rs 509 Crore Gets LoA for Lucknow hospital project worth Rs 509 crore.Project to be completed in 30 months for Phase I, 60 months for Phase II.Source: Exchange FilingKotak Mahindra Bank Has 11.2 Lakh Shares Change Hands 11.2 lakh shares changed hands in a large trade.0.06% equity changed hands at Rs 1757.25 apiece.Buyers and sellers not known immediately.Source: Bloomberg IRFC Has 11.3 Lakh Shares Change Hands About 11.3 lakh shares changed hands in a large trade.0.01% equity changed hands at Rs 80.6 apiece.Buyers and sellers not known immediately.Source: BloombergTalking Point: Discover Prowess Of Manpreet Gill & Plan Your Investments Ajmera Realty Gets Project In Versova, Mumbai With Potential Sales Value Of Rs 360 CroreTVS Motor Company Launches TVS Jupiter 125 with SmartXonnect Technology Starting At Rs 96,855KEC International Shares Rise Over 5% After Bagging Order Worth Rs 1,315 CroreShares of KEC International Ltd. rose after the RPG Group company secured new orders of Rs 1,315 crore across its various businesses verticals.The transmission and distribution business secured orders in India, Middle East, Australia and America. This entails a 765 kV transmission line and 765 kV AIS substation orders in India, from Power Grid Corp. Supply of towers in Middle East, Australia and America and the supply of hardware and poles in America. The cables business secured orders for supply of various types of cables in India and overseas, as per the exchange filing. The scrip rose as much as 5.05% intraday to Rs 685 apiece, the highest level since Oct. 6, 2022, before paring gains to trade 1.76% higher at Rs 663.55 apiece, as of 10:49 a.m. This compares to a 0.53% advance in the NSE Nifty 50.It has risen 34.21% on a year-to-date basis. Total traded volume so far in the day stood at 2.9 times its 30-day average. The relative strength index was at 51.Out of the 26 analysts tracking the company, 15 maintain a 'buy' rating, four recommend a 'hold,' and seven suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 3.3%.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rCrompton Greaves Appoints Sundaram Damodarannair As Chairman Of The Board From Oct. 21ICICI Securities Shares Hit 52-Week High After Q2 Profit RisesShares of ICICI Securities Ltd. surged over 8% to hit a 52-week high after brokerage’s net profit rose 41.53% to Rs 423.83 crore in the September quarter, according to its exchange filing on Monday. The company was expected to report a net profit of Rs 307.6 crore, according to analysts' estimates calculated by Bloomberg.The net income for the company rose by 44% to Rs 1,248.51 crore in the quarter under review. ICICI Securities Q2 FY24 (Standalone, YoY)Revenue up 44.39% at Rs 1248.51 crore.Net profit is up 41.53% at Rs 423.83 crore.The board of directors also approved the payment of interim dividend. “Payment of interim dividend of Rs 12 per equity share of face value of Rs 5 each to the shareholders of the company,” the statement said. The record date for the interim dividend is set as Oct. 27, 2023.The scrip rose as much as 8.08% to Rs 683 apiece, to hit a 52-week high This the most in a single day since June 26, 2023. The stock pared the early gains and is trading 2.54% higher at Rs 648 apiece, compared to a 0.51% advance in the benchmark NSE Nifty 50 as of 10:04 a.m.It has risen 29.91% on a year-to-date basis. The total traded volume so far in the day stood at 39 times its 30-day average. The relative strength index was at 64.55 as of 10:02 a.m.Of the 9 analysts tracking the company, five maintains 'buy', three suggests 'hold' and one recommends 'sell'. The return potential of the stock implies a downside of 1.1%.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rCeat Shares Surge Over 11% As Q2 Profit Jumps Manifold Aided By No Exceptional Item LossShares of Ceat Ltd. rose to a seven-week high after its revenue and profit jumped in July to September quarter of the fiscal 2024. The company's consolidated net profit rose by multi-fold on a year-on-year basis to Rs 207.72 crore in the July to September quarter, according to an exchange filing. This compares to a net profit of Rs 6.44 crore in the same quarter of the previous financial year.Additionally, the cap in losses from the exceptional items in the current quarter led to rise in the company's profit. No compensation was paid for the group's Voluntary Retirement Schemes for the quarter and the six months ended September 2023 of the fiscal 2024, as per the notes to account in the firm's consolidated financial results. Similarly, there was no loss reported from the subsidiaries or joint ventures in Sri Lanka on account of devaluation of its currency in the quarter and six months ended September 2023. Ceat Q2 FY24 (Consolidated, YoY)Revenue is up 5.48% at Rs 3,053.32 crore vs Rs 2,894.5 crore Ebitda at Rs 456.12 crore vs Rs 417.58 croreMargin at 14.93% vs 7.01%Net profit is up 3125.46% at Rs 207.72 crore vs Rs 6.44 croreThe scrip rose as much as 11.18% intraday to Rs 2,337 apiece, the highest level since Aug. 28, 2022, before paring gains to trade 6.26% higher at Rs 2,233.50 apiece, as of 10:06 a.m. This compares to a 0.50% advance in the NSE Nifty 50.It has risen 35.7% on a year-to-date basis. Total traded volume so far in the day stood at 47 times its 30-day average. The relative strength index was at 59.Out of the 23 analysts tracking the company, 11 maintain a 'buy' rating, four recommend a 'hold,' and eight suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 8%.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rNifty Bank, Metal Lead Advances!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rBroader Markets Open HigherThe broader market indices opened higher; the S&P BSE MidCap Index was up 0.47%, whereas S&P BSE SmallCap Index was also 0.83% higher.All the 20 sectors compiled by BSE advanced except S&P BSE Realty. The market breadth was skewed in the favour of the buyers. About 2,002 stocks rose, 425 declined, while 105 remained unchanged on the BSE.Top Movers On The Nifty 50 Index!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rSensex, Nifty Open Higher: Opening BellIndia's benchmark stock indices opened higher on Tuesday after falling for the third day on Monday."Despite the fact that U.S. markets rose 1% overnight, domestic markets are still observing uncertainties as we enter the earnings season. Market remains choppy with range bound sessions underpinning any pivotal trend.," says Avdhut Bagkar Technical and Derivatives Analyst, StoxBox.At pre-open, the S&P BSE Sensex was up 400 points, or 0.60%, at 66,567.19, while the NSE Nifty 50 was 111 points or 0.56% higher at 19,843.20.Asia markets opened higher amid diplomatic efforts to prevent the Israel-Hamas war from expanding into a regional conflict.Shares in Australia and South Korea advanced on Tuesday while Japanese, Chinese and Hong Kong markets also rose. Contracts for U.S. equities were little changed in early Asian trading.The S&P 500 added 1.1% on Monday, with traders also gearing up for a raft of earnings reports.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rGlenmark Pharmaceuticals Gets ANDA Approval For Apremilast TabletsGets ANDA approval from U.S. FDA for Apremilast Tablets, 10 mg, 20 mg and 30 mg.Alert: Apremilast is used to treat active psoriatic arthritis and oral ulcers.Source: Exchange FilingSensex, Nifty Rise In Pre-Market Trade At pre-open, the S&P BSE Sensex was up 400 points, or 0.60%, at 66,567.19, while the NSE Nifty 50 was 111 points or 0.56% higher at 19,843.20.Source: BloombergHero MotoCorp Sells 1,000 Harley-Davidson X440 Across 100 Dealerships, Opens New BookingsInfibeam Avenues Has 50 Lakh Shares Change Hands 50 lakh shares changed hands in a pre-market large trade.0.18% equity changed hands at Rs 21 apiece.Buyers and sellers not known immediately.Source: BloombergRupee Strengthens Against The U.S. Dollar The local currency strengthened 6 paise to open at 83.22 against the U.S dollar on Tuesday. It closed at 83.28 against the U.S. dollar on Monday.Source: BloombergYield On The 10-Year Flat The yield on the 10-year bond opened flat at 7.34% on Tuesday.Source: BloombergTrade Talk: HDFC Bank Q2 Profit Jumps On Higher Core Income BFSI May See Support At Lower Levels: Trade Setup Just Dial's Allotment Of Land In Bengaluru Cancelled Karnataka cancels allotment of land in Bengaluru alleging breach of conditions imposed under lease deed.Financial impact of aforesaid action estimated to be up to nearly Rs 19 crore.There will be no impact on operations or other activities.Evaluating the matter and will take necessary action as legally advised.Source: Exchange Filing Bajaj Finance To Acquire Up To 26% Equity In Pennant Technologies Private Enters binding term sheet with Pennant Technologies Private to acquire up to 26% equity.To acquire Pennant Technologies Private for nearly Rs 267.50 crore.Acquisition to be completed on or before December 30, 2023.Source: Exchange FilingAsian Markets Trade HigherGlobal CuesU.S. Dollar Index at 106.2U.S. 10-year bond yield at 4.72%Brent crude up 0.01% at $89.66 per barrel Nymex crude down 0.09% at $86.58 per barrel GIFT Nifty was down 0.03%, or 6 points, at 19,805 as of 8 a.m. Bitcoin was down 0.18% at $28,354.90Asian Stocks Climb on Mideast Diplomacy Efforts: Markets WrapTrading TweaksPrice band revised from 20% to 10%: MMTC.Ex-Date Divided: Glenmark Life Sciences.Ex-Date Bonus Issue: Gensol Engineering, Kama Holdings.Record-Date Dividend: Glenmark Life Sciences.Record Date bonus Issue: Gensol Engineering, Kama HoldingsMove out of short term ASM framework: 3P Land Holdings.ICICI Securities Q2 Results: Profit Jumps 41%; Board Approves Interim DividendPledge Share DetailsSom Distilleries & Breweries: Promoter Jagdish Kumar Arora and Deepak Arora created pledge of 35,000 and 10,000 respectively on Oct. 16.Are Listed Brokerages Overvalued? Here's What Zerodha Model ImpliesBulk DealsEasy Trip Planners: SG Machine Industries bought 1 crore shares (0.58%) for Rs 41.72 apiece. Saumik Ketan Doshi sold 96.7 lakh shares (0.56%) for Rs 41.60.Delta Corp: Bofa Securities Europe SA sold 30 lakh shares (1.12%) for Rs 127.97 apiece. Societe Generale sold 13.58 lakh shares (0.51%) for Rs 128.48 apiece.Two Entities Offload Delta Corp Shares Worth Rs 56 CroreEarnings In FocusBajaj Finance, ICICI Prudential Life Insurance, L&T Technology Services, Tata Elxsi, Syngene International, CIE Automotive India, Happiest Minds Technologies, Zensar Technologies, Himadri Speciality Chemical, Can Fin Homes, PCBL, Newgen Software Technologies, TCI Express, VST Industries, Hathway Cable & Datacom, Tata Metaliks, IIFL Securities, Huhtamaki India.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rAdani Group Says Complaint Against MP Mahua Moitra Corroborates Bid To Tarnish ImageEarnings Post Market HoursHDFC Bank Q2FY24 (Standalone, YoY)Net interest income is up 30% at Rs 27385.2 crore.Gross NPA at 1.34% vs. 1.17% (QoQ)Net NPA at 0.35% vs. 0.30% (QoQ)Net profit is up 51% at Rs 15976.11 crore.Alert: Quarterly numbers are not comparable as the HDFC-HDFC Bank merger took place on July 1, 2023.Cyient DLM (YoY)Revenue is up 71.51% at Rs 291.83 crore.Ebitda is down 0.51% at Rs 23.53 crore.Margin at 8.06% vs. 13.89%Net profit is up 106.33% at Rs 14.65 crore.ICICI Securities (Standalone, YoY)Revenue up 44.39% at Rs 1248.51 crore.Net profit is up 41.53% at Rs 423.83 crore.Jio Financial Services (Consolidated, QoQ)Revenue up 46.82% at Rs 608.04 crore.Net profit is up 101.3% at Rs 668.18 crore.Ceat (Consolidated, YoY)Revenue is up 5.48% at Rs 3053.32 crore.Ebitda is up 124.53% at Rs 456.12 crore.Margin at 14.93% vs 7.01%Net profit is up 3125.46% at Rs 207.72 crore.Jio Financial Q2 Results: Net Profit Doubles To Rs 668 CroreStocks To Watch: Tata Power, Jio Financial, Lupin, Varun Beverages, ICICI Securities, KEC International In FocusGrasim Industries: The board approved a fund raise of Rs 4,000 crore via rights issue to fund capex and repay debt.Gujarat Mineral Development Corporation: GMDC presented a Rs 269.44 crore dividend cheque to the Gujarat government, which holds 74% of the company.Bombay Dyeing: The company has received consideration of about Rs 4,675 crore towards Phase-I, located at Worli, Mumbai, after signing a conveyance deed with a subsidiary of Sumitomo Realty. The proceeds realised will be used for repaying loans, and the balance will be invested in approved securities for future developments.Jio Financial Services: The company named AR Ganesh as group Chief Technology Officer w.e.f. Oct. 16.Mphasis: Ayaskant Sarangi is the new Chief Human Resource Officer (CHRO) as of Oct. 16. Srikanth Karra will remain in the Chief Administrative Officer role (CAO) to assist with the transition and superannuate from the company on April 29, 2024.NLC India: The company incorporated a new wholly owned subsidiary, 'NLC India Green Energy' (NIGEL), which currently undertakes projects of 2 GW of renewable energy.Data Patterns: The company announced a licencing and transfer of technology (ToT) agreement with IN-SPACe, an autonomous agency in the Department of Space. This agreement will provide data patterns with miniature SAR radar capability.Uttam Sugar Mills: The Board redeemed 1,38,850 (6.50%) and 1,80,575 (10%) non-cumulative redeemable preference shares.Electronics Mart India: The company has commenced the commercial operation of a new multi-brand store under the brand name ‘Bajaj Electronics’ on Oct. 15 in Andhra Pradesh.JK Paper: The Board approved the acquisition of Manipal Utility Packaging Solutions Pvt., which is engaged in the business of manufacturing packaging products with a revenue of Rs 147.77 crore in FY23.ICICI Securities: The board approved the payment of an interim dividend of Rs 12 per equity share with a face value of Rs 5 each. The record date is set for Oct. 27, 2023.Varun Beverages: The board approved the acquisition of 5.03% of the paid-up capital of the manufacturing subsidiary for Rs 10 crore, Lunarmech Technologies. Post-acquisition, Varun Beverages will hold a 60.07% stake in the company. The transaction is complete with immediate effect. It also approved an investment of Rs 1.92 crore for a 9.80% stake in Isharays Energy Two, a special-purpose vehicle by Sunsource Energy to supply solar power in Uttar Pradesh.Piramal Pharma: The company announced the launch of a high-throughput screening facility that augments the existing in-vitro biology capabilities at its drug discovery services site in Ahmedabad, India.KEC International: The company bagged new orders worth Rs 1,315 crores in its transmission and cable business.Coal India: The company expects to exceed its demand projection of 610 MT of supply to the country’s power plant for FY24 after supplies to thermal power plants shot up by close to 6% to 23.5 million MT during the first fortnight of October 2023.Lemon Tree Hotels: The company signed an agreement for a 55-room property in Dehradun, Uttarakhand, under the brand “Keys Prime by Lemon Tree Hotels” and is expected to be operational by FY 2027.Lupin: The company signed a business transfer agreement with the unit to carve out two API manufacturing sites.Tata Power: The company signed a power distribution agreement with Endurance Technologies for setting up a 12.5 MW solar plant.Som Distilleries: The breweries will manufacture Indian-made foreign liquor in Jammu and Kashmir.Voltas: The company will consider debenture issues at the Oct. 19 board meeting.Grasim Industries To Raise Up To Rs 4,000 Crore Via Rights IssueGIFT Nifty Signals Cautious Open For BenchmarksAsian markets opened higher amid diplomatic efforts to prevent the Israel-Hamas war from expanding into a regional conflict.Shares in Australia and South Korea advanced on Tuesday, while Japanese, Chinese and Hong Kong markets also rose. Contracts for U.S. equities were little changed in early Asian trading.The S&P 500 added 1.1% on Monday, with traders also gearing up for a raft of earnings reports.The yield on the 10-year U.S. bond was trading at 4.72%, and Bitcoin was above the $28,000 level. Brent crude was trading below $90 a barrel, whereas WTI crude was below the $87 mark.At 8 a.m., the GIFT Nifty, an early indicator of the Nifty 50 Index’s performance in India, was down 0.03%, or 3 points, to 19,805.India's benchmark stock indices swung between gains and losses through Monday to extend the decline for the third straight day. Metals, PSU banks and consumer durables rose, whereas the pharma and realty sectors were under pressure.Overseas investors became net sellers of Indian equities on Monday. Foreign portfolio investors offloaded stocks worth Rs 593.7 crore, and domestic institutional investors turned net buyers and mopped up equities worth Rs 1,184.2 crore, the NSE data showed.The Indian rupee recorded its lowest ever close of 83.28 against the US dollar on Monday.Stock Market Today: All You Need To Know Going Into Trade On Oct. 17Jio Financial Announces Ventures Under Lending, Insurance And Payments Business. Read more on Markets by BloombergQuint.
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