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Aptech signs multi-year MoU with education body under Ministry of Education to conduct computer-based tests in India.
Price as on 15 Nov, 2022 09:44 AM, Click on company names for their live prices.
Citigroup downgraded NMDC to sell with a target price of Rs 100. The downgrade is largely because of domestic ore price concerns. NMDC trades at 4x 1-year forward, EV/EBITDA on consensus — this is in line with global peers. The global investment bank said that it struggles to find upside triggers.
Price as on 15 Nov, 2022 09:42 AM, Click on company names for their live prices.
The strongest tailwind for equity markets globally is the peaking of inflation in the US and the possibility of a slower pace of rate hikes. In tune with this trend, CPI inflation in India, too, has declined to 6.7 % in October from 7.4 % in September. The decline in crude to $92 dollars is another positive. All these can take the Nifty to a new record, but in typical market characteristics, it may not happen when the consensus expects it to happen. A healthy trend in the market now is the slow accumulation in high quality large-caps. Sustained buying by the FIIs is supporting this trend. Some profit booking may be considered in mid and small-caps which have run up on good results.
– Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
Opening Movers
Price as on 15 Nov, 2022 09:23 AM, Click on company names for their live prices.
Opening Bell: Sensex rises 130 points, Nifty above 18,350; Apollo Tyres jumps 5%, Uflex falls 4%
Pre-open session: Sensex dips over 100 points; Nifty below 18,310
Asia shares mixed while oil falls on China COVID outlook
Asian share markets were mixed on Tuesday and oil was weaker as investors sought to digest the economic implications of China’s COVID policy adjustments and a rescue package for the country’s struggling property sector.
Quarterly earnings today
13 companies are scheduled to report earnings for the quarter ended September.
SGX Nifty signals a positive start
Nifty futures on the Singapore Exchange traded 36 points, or 0.20 per cent, higher at 18,413.50, signaling that Dalal Street was headed for a positive start on Tuesday.
Tech View: Nifty charts signal indecisiveness on Street
Headline equity index Nifty today formed a bearish candle on the daily charts, indicating indecisiveness between the bulls and bears. The index has been forming higher highs – higher lows from the last two sessions.
Tokyo’s Nikkei index opens flat
Tokyo’s key Nikkei index opened flat on Tuesday after Wall Street retreated following rallies last week that were fuelled by hopes the Federal Reserve would ease its interest-rate hikes.The benchmark Nikkei 225 index was down 0.01 percent, or 2.85 points, at 27,960.62 in early trade after drifting between positive and negative territories, while the broader Topix index was up 0.23 percent, or 4.52 points, at 1,961.42.
Wall Street ends lower as investors gauge Fed’s policy path
Wall Street’s main indexes ended lower on Monday, with real estate and discretionary sectors leading broad declines, as investors digested comments from U.S. Federal Reserve officials about plans for interest rate hikes and looked for next catalysts after last week’s big stock market rally.
Oil prices slip on OPEC cut in demand forecast, China COVID cases
Oil prices extended losses in early Asian trade on Tuesday after OPEC cut its 2022 global demand forecast, while rising COVID-19 case numbers in China clouded the outlook for fuel consumption in the world’s top crude importing nation.
Rupee declines by 50 paise to 81.28 on dollar demand
The rupee depreciated by 50 paise to close at 81.28 against the US currency on Monday due to strong dollar demand from corporates and oil companies and a firm dollar in the overseas markets.
Sensex, Nifty on Monday
The 30-share Sensex ended 171 points lower at 61,624, while its broader peer Nifty 50 settled at 18,329.
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Read More: sensex today: Stock Market LIVE Updates: Sensex slips over 100 points, Nifty below