Indian markets may open flat to higher on Friday tracking SGX Nifty trends. Equities advanced in China, Hong Kong and Japan. US markets ended mixed overnight. All eyes will be on PM Modi's address to the nation at 10 am today.
22 Oct 2021, 08:43:21 AM IST ₹9,489 cr festive cheer for govt workers
The central government on Thursday decided to raise the dearness allowance (DA) to employees and the dearness relief (DR) to pensioners by 3% to 31% from July to cushion them from the rise in cost of living.
The decision by the Union cabinet will cost the exchequer ₹9,488.7 crore a year, Union minister Anurag Singh Thakur said. It will benefit more than 4.7 million central government employees and 6.8 million pensioners, Thakur added. ( Read more)
22 Oct 2021, 08:33:36 AM IST Oil climbs
Oil prices resumed their climb on Friday on continued tightness in U.S. supply, but were headed for a flat finish on the week as coal and gas prices eased, curbing fuel-switching which had stoked demand for oil products for power.
U.S. West Texas Intermediate (WTI) crude futures rose 20 cents, or 0.2%, to $82.70 a barrel.
Brent crude futures climbed 24 cents, or 0.3%, to $84.85 a barrel.
22 Oct 2021, 08:24:28 AM IST China's Evergrande avoids default with last-minute payment: Report
China's Evergrande Group pulled back from the brink of default by reportedly paying a bond coupon before this weekend’s deadline, the latest twist in a months-long drama that has captivated global investors.
The company wired the $83.5 million payment and bondholders will receive the funds before Saturday, state-backed newspaper Securities Times said, citing “relevant channels".
22 Oct 2021, 08:16:07 AM IST PM Modi to address nation at 10 am today
Prime Minister Narendra Modi will address the nation at 10 am on Friday. This comes in the backdrop of India administering more than one billion jabs to protect against the coronavirus.
“PM @narendramodi will address the nation at 10 AM today," the Prime Minister’s Office said in a tweet on Friday morning.
22 Oct 2021, 08:07:25 AM IST Stocks to Watch: Reliance, Zee, Bharti Airtel, JSW Steel, TVS Motors
Markets will also eye stocks of prominent companies that will announce earnings today, including Reliance Industries, Tata Elxsi and Yes Bank ABB Power, Aditya Birla Fashion, Crompton Greaves Consumer, Deepak Fertilizers, Federal Bank, Gland Pharma, HDFC Life Insurance, Hindustan Zinc, Inox Leisure, PVR
22 Oct 2021, 07:46:09 AM IST Asian stocks mixed
Asian stocks were mixed on Friday as traders weighed earnings reports, worries about inflation, and a report indicating that indebted developer China Evergrande Group may meet a key payment deadline
S&P 500 futures fell 0.1%. Nikkei 225 index was down 0.36%. Australia’s S&P/ASX 200 index was flat South Korea’s Kospi index was steady.
22 Oct 2021, 07:29:57 AM IST US markets mixed
US stock indexes were mixed on Thursday. The Dow Jones Industrial Average fell 6.26 points, or 0.02%, to 35,603.08, the S&P 500 gained 13.59 points, or 0.30%, to 4,549.78 and the Nasdaq Composite added 94.02 points, or 0.62%, to 15,215.70.
Never miss a story! Stay connected and informed with Mint. Download our App Now!!
Premium