Share Market Live: SGX Nifty Hints At Gains; Tata Motors, Bharti Airtel, Sun Pharma, HPCL In Focus
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In Focus: Food Stocks As Wheat Price Hits Highest Since 2012
Stocks linked to the wheat industry may move in Asia after benchmark wheat in Chicago climbed above $8 a bushel for the first time in almost nine years.
In Focus: Wheat flour manufacturer ITC, biscuit maker Britannia Industries and grain processor Kovilpatti Lakshmi Roller Flour Mills
In Focus: Stocks Linked To Renewable Energy After PM Modi's Net-Zero Emission By 2070 Vow
Stocks linked to renewable energy and transition fuels may move after Prime Minister Narendra Modi surprised delegates at the COP26 climate summit with a pledge to make the world’s third-biggest emitter reach net-zero by 2070.
Stocks To Watch
Renewable energy: Adani Green, Reliance Industries, Suzlon, NTPC, NHPC, Tata Power, Inox Wind, Websol Energy Systems, Borosil Renewables
Energy transportation and infrastructure firms: GAIL India, ABB India, Linde India, Tata Chemicals, Rossari Biotech
EV: Tata Motors, TVS Motor, Motherson Sumi
Gas distributors: Indraprastha Gas, Adani Total Gas, Gujarat Gas, Mahanagar Gas
Analyst Action: Aarti Industries, AIA Engineering, Finolex Industries
Aarti Industries cut to 'sell' at Spark Capital Advisors; Price target: Rs 790
AIA Engineering cut to 'reduce' at Spark Capital Advisors; Price target: Rs 1,825
Finolex Industries cut to 'hold' at Antique Stock Broking; Price target: Rs 200
Source: Bloomberg
SGX Nifty Hints At Opening Gains; Tata Motors, Bajaj Consumer, Hero Moto In Focus
Asian stocks opened steady on Tuesday as traders evaluated a record-high close for U.S. equities and awaited key central bank decisions amid concerns about elevated inflation.
Equities dipped in Japan and Australia, and rose in South Korea. U.S. contracts fluctuated after optimism over corporate earnings saw the S&P 500 hit a new peak and the Dow Jones Industrial Average touch 36,000 for the first time. Electric-vehicle giant Tesla Inc. extended a rally.
India’s SGX Nifty 50 Index futures for November delivery was little changed, while MSCI Asia Pacific Index rose 0.2%. The NSE Nifty 50 gained 1.5% on Monday to 17,929.65.
The U.S. 10-year treasury yield nudged higher and the dollar were steady ahead of the Federal Reserve meeting. The policy review comes amid price pressures stoked by the most-widespread U.S. supply crunch since the oil crisis of 1973. The Fed is expected to announce a tapering of its massive bond-purchase program.
Elsewhere, oil retreated amid rising stockpiles at the biggest U.S. storage hub, signaling a crude supply drain may be slowing. Bitcoin traded around $60,800.
Back home, Tata Motors, Bajaj Consumer, Chambal Fertilisers, Phoenix Mills may react as the companies reported quarterly results after the market closed Monday. Bharti Airtel, Sun Pharma, HPCL, Dabur, Jindal Steel, Godrej Properties are among the companies scheduled to report earnings on Tuesday. Foreign investors sold net Rs 5,480 crore of stocks on Oct. 29, according to NSDL website.
