Market Today-Indian benchmark indices Sensex and Nifty have seen a sluggish start on November 14. Talking about the last trading day, Sensex and Nifty had closed with a huge fall on 13 November. The market had seen a decline for the fifth consecutive day. Rising inflation concerns and selling in metal stocks affected market sentiment. Nifty has now fallen almost 10 per cent from its all-time high of September 27. At the end of the trading session, Sensex fell 984 points or 1.3 per cent to close at 77,690, while Nifty fell 324 points or 1.4 per cent to 23,559.
Stay tuned to Moneycontrol to know what’s happening in the currency and equity markets today. Here we are releasing for you a list of today’s important news running on various news platforms which can affect the Indian and international markets.
Signs are not good for Indian markets
Global signals are fine. Despite this, GIFT Nifty is trading under pressure. Yesterday FIIs sold about Rs 2500 crore in cash. However, expectations of further rate cuts have increased in the US. Retail inflation figures have been as per estimates. American markets closed flat. Asia is also doing strong business.
There will be entry of 45 new shares in futures.
There will be entry of 45 new shares in futures. Along with DMart, 6 new age companies Zomato, Paytm, PB Fintech, Nykaa have got place. BSE, CDSL and Jio Financial will also be part of F&O. These changes will come into effect from November 29.
Eicher Motors results pass estimates
Eicher Motors’ results were around estimates. The company’s second quarter profit has increased by 8 percent and income by 3.5 percent. There has been a pressure of one percent on the margin.
PI Industries’ Q2 results good, Deepak Nitrite’s profit declined by 5.3%
PI Industries’ results in the second quarter have been good. The company’s profit has increased by 6 percent and revenue has increased by 5 percent. Margin has also seen a growth of 2 percent. On the other hand, the profit of Deepak Nitrite has decreased by more than 5 percent but there has been a jump of 14 percent in the income.
Vodafone Idea losses of Rs 7,176 Cr in Q2
Vodafone Idea’s losses have increased on a quarterly basis in the second quarter. The company has suffered a loss of Rs 7 thousand 176 crore. However, there has been a growth of 4 percent in revenue. ARPU has increased from Rs 154 to Rs 166.
Hiromoto and Grasim results today
Today the second quarter results of Nifty companies Hero Moto and Grasim will come. Hero Moto’s standalone profit may increase by 10 percent. There may be improvement in margins. Also, the results of 5 futures companies will also be awaited today.
Till Nifty does not cross the level of 23805-23847, work on SELL on Rise strategy: Virendra Kumar.
US bond yield rises
Bond yields have increased in America. US 30 year bond yield is at 4.66 percent, 10 year bond yield is at 4.48 percent, 5 year bond yield is at 4.33 percent and 2 year bond yield is at 4.31 percent.
dollar index
The US dollar regained its one-year high against other major world currencies on Thursday. At present the dollar index is seen at the level of 106.53.
