A chart showing change in the value of securities on a trader's computer screen. (Photographer: Chris Ratcliffe/Bloomberg)

Share Market Live: SGX Nifty Hints At Losses; Berger Paints, Pidilite, Thermax, Zomato In Focus

8:29 AM IST, 11 Nov 20218:54 AM IST, 11 Nov 20218:29 AM IST, 11 Nov 20218:54 AM IST, 11 Nov 2021

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03:24 AM

Analyst Actions: NIIT, Zomato, Indraprastha Gas

NIIT Ltd. raised to 'buy' from 'accumulate' at Dolat Capital; price target: Rs 420
Zomato raised to 'overweight' from 'equal-weight' at Morgan Stanley; price target: Rs 185
Indraprastha Gas raised to 'outperform' from 'neutral' at Credit Suisse; price target: Rs 640

Source: Bloomberg

03:21 AM

Rupee Bond Traders To Weigh RBI Comment On Inflation

Indian bond traders will weigh the central bank governor’s comment on inflation. A sharp rise in U.S. yields may weigh on bonds while the rupee may weaken in line with Asian peers.

Core inflation remains elevated and a policy challenge, RBI Governor Shaktikanta Das said on Wednesday in an interview with a newspaper.
10-year yields rose 4bps to 6.34% on Wednesday.
USD/INR rose 0.5% to 74.3837 on Wednesday, the biggest rise in a month.
Global funds sell net Rs 470 crore of India stocks Wednesday: NSE
They sold Rs 25 crore of sovereign bonds under limits available to foreign investors, and withdrew Rs 200 crore of corporate debt.
State-run banks sold Rs 3,460 crore of sovereign bonds on Nov. 9: CCIL data. Foreign banks bought Rs 5,070 crore of bonds.

Source: Bloomberg

03:16 AM

Trade Ministry Outlines List Of Imports It Want To Reduce: PTI

India’s trade ministry has prepared a list of 102 products, including gold, crude palm oil and personal computers, where domestic capacity should be boosted with the goal of reducing imports, PTI reports citing an unnamed official.

List has been circulated to other ministries.

Products mentioned also include coking coal, urea digital cameras, refined copper, sunflower seed oil, and phosphoric acid.

02:56 AM

SGX Nifty Hints At Losses; Berger Paints, Pidilite, Thermax, Zomato In Focus

Asian stocks were mixed on Thursday after the hottest U.S. inflation print in three decades hurt Wall Street shares and sparked a jump in Treasury yields amid concern monetary policy will be tightened more quickly.

Equities rose in Japan and China and fluctuated in Hong Kong. The S&P 500 dropped and the Nasdaq 100 underperformed.

India’s SGX Nifty 50 Index futures for November delivery fell 0.3% to 17,959.00, while MSCI Asia Pacific Index lost 0.2%. The NSE Nifty 50 Index fell 0.2% on Wednesday to 18,017.20.

Treasury yields in the U.S. soared across the curve, with the 10-year yield up more than 10 basis points. A poorly received 30-year auction added to the angst.

The dollar was around a one-year high. Gold pared a gain while Bitcoin whipsawed, initially scaling a fresh all-time high before declining. Oil steadied after a tumble caused partly by a surprise rise in U.S. stockpiles.

Back home, Pidilite, Berger Paints, Thermax, Zomato, Metropolis, RCF, Affle India may react as the companies reported quarterly results after the market closed Wednesday. Tata Steel, Zee, Godrej Consumer, Page Industries, NMDC, Balkrishna Industries are among the companies scheduled to report earnings Thursday. Foreign investors bought net Rs 632 crore of stocks on Tuesday, according to NSDL website.

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