| | | | | | US markets gained on the back of upbeat quarterly earnings reports and firmer commodity prices ahead of election results. Optimism about prospective Republican gains contributed to the strength in the markets. Financial stocks gained after MasterCard and Radian Group posted upbeat quarterly earnings. MasterCard reported an upbeat third-quarter profit that grew 15% yoy as consumers and businesses spent more with the global economy continuing to improve. MasterCard said third-quarter profit was USD 518 million, or USD 3.94 a share, compared with USD 452 million, or USD 3.45 a share, in the year-ago period. Meanwhile, mortgage insurer, Radian reported a net income of USD 112.19 million, or 84 cents per share, compared to a loss of USD 70.45 million, or 86 cents per share a year ago. A change in the fair value of derivatives was the main factor in the swing. Material stocks gained after commodity prices rose as the dollar fell ahead of the Federal Reserve's anticipated quantitative easing announcement and US voters headed to the polls. | | | |
| | | | | | European stocks gained on the back of positive economic data and as BP Plc managed to reverse a second-quarter loss. Investors cheered the data of manufacturing activity in the euro zone that improved more than initially estimated in October. The Purchasing Managers' Index for October rose to 54.6 in October from September's eight-month low of 53.7. Meantime, Germany's manufacturing sector expanded again in October, largely helped by strong new orders. Further, positive sentiments were generated after BP managed to report a profit on sequential basis. The oil major reported a 66% yoy fall profit after taking a further pre-tax charge of USD 7.7 billion related to the Gulf of Mexico well disaster, but this nonetheless marked a reversal from the USD 17 billion loss registered on a sequential basis. Third-quarter net income dropped to USD 1.8 billion from USD 5.3 billion in the year-earlier period. | | | |
| | | | | | Indian markets reacted mixed on RBI's second quarter credit policy review. Domestic markets opened on a flat note amid mixed cues from the global markets. However, soon after opening, markets turned volatile as investors were cautious and kept eyes on selective stocks ahead of the RBI credit policy to be announced later today. Among the BSE sectoral indices, buying interest emerged across Consumer Durables, Capital Goods, FMCG, Power and PSU counters, while selling pressure has seen across Realty, Metal, Auto, Banking and IT. Further, with the release of credit policy review markets turned directionless as the reaction were mixed after RBI increased the repo and reverse repo rate by 25 bps. Though, markets surge in the early afternoon, selling pressure in Oil & Gas, Power and PSU stocks at higher level drag the markets into negative. Realty and Auto space were the major dragger of the markets. The tightening of norms for home loans pulled realty index down as RBI has increased bank provisioning for teaser loans to 2% from 0.4%. Also, the loan-to-value ratio of housing loans has been lowered to 80%. However, Banking index was less impacted as the step taken was in right direction. In the last trading hour, firm cues from the European peers helped the markets to recover from day's low to end the volatile session on a flat note. At the end, Sensex closed at 20,345.69 down by 9.94 points. It touched an intraday high of 20,418.35 and low of 20,281.73. Nifty ended at 6,119.00 up by 1.45 points. It made a high/low of 6,138.10 and 6,094.40 respectively. | | | |
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Most Active Stocks by value (in Cr) | | BSE | Close | %Chg | Value(in Cr.) | Volume | | SBI | 3195.80 | 0.19 | 120.94 | 376912 | | ICICI Bank | 1231.00 | -0.04 | 100.91 | 822950 | | L&T | 2080.65 | 2.53 | 92.46 | 435660 | | RIL | 1093.10 | -1.72 | 84.43 | 782103 | | Tata Motors | 1170.35 | -1.41 | 73.47 | 632581 | | | | | NSE | Close | %Chg | Value(in Cr.) | Volume | | ICICI Bank | 1232.00 | -0.05 | 561.08 | 4578468 | | RIL | 1093.20 | -1.68 | 501.93 | 4654108 | | L&T | 2084.05 | 2.36 | 444.83 | 2097358 | | SBI | 3198.45 | 0.11 | 415.44 | 1294875 | | Tata Steel | 591.90 | 1.21 | 361.07 | 6050590 | | | | | | Strike Price | Value | Price | %Chg | | Most Active Calls by Contract Value (in Cr) | | | Most Active Puts by Contract Value (in Cr) | | | Most Active Future by Contracts Value (in Cr) | | |
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| | | | | | | Crude oil rose to a six-month high at USD 83.90 after the dollar fell and U.S. stocks rallied on expectations the Federal Reserve will take measures to spur the economy. Gold prices rose for the third time in four days to USD 1,356.90 an ounce as the dollar retreated ahead of the outcome of the U.S. Federal Reserve's hotly anticipated policy meeting due on Wednesday. | | | |
| | | | | | - Growth in Germany's manufacturing sector accelerated in October quickening slightly after the pace of expansion cooled in the previous two months. Final data showed the Markit Purchasing Managers' Index (PMI) rose to 56.6 in October from 55.1 in September. (Action Forex)
- The monetary base in Japan jumped 6.4% in October from a year earlier, rising for the 26th successive month from 5.8% logged in the previous month. The average daily balance of the monetary base stood at 98.82 trillion yen (1.22 trillion U.S. dollars), with the current account deposit balance surging 38.0% year-on-year. (Google News)
- MasterCard Inc increased use of credit and debit cards overseas helped lift its third-quarter profit by 15%. The payments processor recorded a net income of USD 518 million for the three months ended Sept. 30, compared with USD 452 million in the year-ago quarter. (Economic Times)
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| | | | | | - The RBI raised interest rates for the sixth time this year to battle stubborn inflation that remains well above its comfort zone of 5-6%. The RBI hiked repo rate by 25bps (at which it lends to commercial banks) to 6.25% and the reverse repo rate by 25bps (which it pays to banks for deposits) to 5.25%. (Economic Times)
- State-owned Oil and Natural Gas Corporation plans to invest over USD 10 billion in bringing to production gas discoveries off the east coast, its Director (Exploration) D K Pande has said. (Economic Times)
- Drug firm Lupin has said it has been granted final approval by the United states Food and Drug Administration (USFDA) for antihistamine Desloratadine tablets, used for treating allergies. (Economic Times)
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| Currency | Exchange-Rate | 1D Chg(%) | 1M Chg(%) | | EUR | 61.92 | -0.39 % | 0.18 % | | GBP | 71.37 | -0.05 % | 0.63 % | | USD | 44.43 | 0.02 % | -0.25 % | | | FIIs Activity | Rs. Cr. | MTD | YTD | | 7662.80 | 11125.80 | 625317.80 | | 2145.20 | 4644.30 | 505913.50 | | 5517.60 | 6481.50 | 119404.40 | | |
