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SI Reporter |
New Delhi
Last Updated at October 26, 2017 08:46 IST
Benchmark indices are likely to stay volatile on Thursday with F&O expiry scheduled for the day.
The markets, on Wedensday, ended at fresh highs with
Nifty settling above 10,300 for the first time ever and
Sensex above 33,000 following a mega recapitalisation package for banks and a Rs 7 lakh crore infra booster
Asian stocks stalled on Thursday, weighed as Wall Street shares pulled back from record highs, while the euro stretched gains ahead of a European Central Bank policy meeting at which it could take a major step away from accommodative policy.
US stocks fell on Wednesday on a batch of soft quarterly earnings, with the
Dow Jones Industrial Average suffering its worst day in seven weeks after rising to a record peak the previous session.
The sentiment may be dampened after a senior North Korean official said that the recent warning from North Korea’s foreign minister of a possible atmospheric nuclear test over the Pacific Ocean should be taken literally.
8:46 AM
India should have 5-7 large banks ideally: Arvind Subramanian
A day after the government announced a massive Rs 2.11 lakh crore capital support initiative, Chief Economic Adviser Arvind Subramanian today made a case for consolidation in the banking space saying the country ideally should have 5-7 large lenders.
In an ideal banking world of tomorrow, India needs to have both large public sector and private sector banks, competing domestically and being competitive internationally, he said.
READ MORE8:44 AM
New India Assurance’s Rs 9.6K crore IPO to open on Nov 1
New India Assurance’s Rs 9,600 crore initial public offering (IPO) will open on November 1 and close on November 3. The price band has been fixed at Rs 770 to Rs 800 and the IPO will comprise of 120 million shares.
At Rs 9,600 crore for a 14.56% stake, the insurance company has been valued at almost Rs 66,000 crore.
8:42 AM
Reliance Nippon Life AMC IPO subscribed nearly five times on Day 1
The initial public offering (IPO) of Reliance Nippon Life Asset Management got an overwhelming response on day one, with the issue getting subscribed nearly five times.
In terms of day one subscription,this is highest-ever said investment bankers.
READ MORE8:37 AM Oil Check
US oil prices extended declines on Thursday after government data showed a surprise climb in US crude inventories.
NYMEX crude for December delivery CLc1 was down 2 cents at $52.16 a barrel, after ending the last session down 29 cents, or 0.6%. Brent hit an intraday high of $58.74 on Wednesday, moving back towards a 26-month peak marked in late September.
8:35 AM
SGX Nifty
The Nifty futures on the Singaporean stock exchange were trading lower by around 25.50 points at 10268, a fall of around 0.25% indicating a flat to negative start for the Indian markets
8:35 AM
Asian stocks stall on Wall Street pullback
Asian stocks stalled on Thursday, weighed as Wall Street shares pulled back from record highs, while the euro stretched gains ahead of a European Central Bank policy meeting at which it could take a major step away from accommodative policy
MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.05%. Australian stocks dipped 0.2% while South Korea's KOSPI lost 0.1%.
Japan's Nikkei, which had snapped a 16-day winning run the previous day, rose 0.35%.
8:34 AM Wall Street ends lower
US stocks fell on Wednesday on a batch of soft quarterly earnings, with the Dow Jones Industrial Average suffering its worst day in seven weeks after rising to a record peak the previous session.
The Dow Jones Industrial Average fell 112.3 points, or 0.48%, to end at 23,329.46, the S&P 500 lost 11.98 points, or 0.47%, to 2,557.15 and the Nasdaq Composite dropped 34.54 points, or 0.52%, to 6,563.89.
8:32 AM Good Morning!
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First Published: Thu, October 26 2017. 08:27 IST
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