BENCHMARKING
Sensex, Nifty end Muhurat Trading session in red for first time in 9 years. Are the bulls losing steam?
Sensex and Nifty erased all early gains and closed in the red following the Muhurat Trading session on Sunday, marking the first time the benchmark indices ended with losses during the special Diwali session in 9 years.
Samir Arora backed Helios Mid Cap Fund adds Aurobindo Pharma, 2 others, increase stake in Paytm, MCX and 16 others
Samir Arora-backed Helios Mid Cap Fund added Aurobindo Pharma, Zetwerk and PVR Inox in October, while increasing stakes in Paytm, MCX and 16 other stocks. The fund exited Park Medi World, expanded its portfolio to 77 stocks and reported assets under management of Rs 2,421 crore.
FIIs step up India buying, pour Rs 13,750 crore on Friday; total buying hits Rs 53,154 crore in 14 days
Foreign institutional investors bought Rs 13,750 crore worth of Indian equities on November 6, extending their buying streak to 14 sessions. Cumulative inflows reached Rs 53,154 crore, lifting benchmark indices despite continued domestic institutional selling.
India's 10-year bond posts best week in 7 years, leads emerging Asia as oil slides
This week, Indian government bonds saw a remarkable performance, outpacing other Asian markets as benchmark yields dropped significantly. Following the Democratic win in the US midterms, crude prices fell sharply, enticing foreign investors back to purchase a significant volume of Indian bonds. This shift alleviates pressure on the Reserve Bank of India to maintain elevated yields, contributing to a positive outlook for Indian debt moving forward.
Japanese government bond yields hit multi-month lows as tech selloff fuels safe-haven demand?
Japanese government bonds rallied as investors sought safety from the deepening global technology-stock selloff. The benchmark 10-year yield fell to a multi-month low, while shorter-maturity yields also declined sharply as risk appetite weakened.
India bonds emerge as top Asian performers as oil, Treasury yields decline
This week, Indian government bonds saw a positive trend following a Democratic win in the U.S. midterm elections. The reduction in oil prices and Treasury yields eased rupee pressure, boosting investor confidence. The benchmark bond yield improved significantly, declining by approximately 22 basis points. Furthermore, the surge in foreign investments into Indian bonds marked a notable high since July, leading to enhanced overall market sentiment.
South Korea stocks plunge 8%, circuit breaker triggered as chip shares tumble
South Korea's KOSPI stock index fell more than 8% during early trading on Friday, reflecting a significant sell-off. The stock market decline was primarily driven by losses in technology and semiconductor shares. As a result, a circuit breaker was activated by the Korea Exchange to halt trading temporarily. Experts indicated that the reaction may be an overreaction to recent US midterm election outcomes.
Asia fuel oil benchmarks slump as market prices in potential Iran war de-escalation
Asian fuel oil benchmark prices underwent a steep decline this week, driven by expectations of heightened supplies from the Middle East. The shifting political landscape in the US Congress has ignited hopes for peace talks in the region. Simultaneously, enhanced supply conditions, particularly from UAE fuel oil exports, have emerged. While freight rates have shown some easing, they still exert pressure on cargo movements from Europe to Asia.
Diwali sweet nothings: Like soan papdi, the annual festival stock tip is admired, passed along, and almost never 'eaten'
Diwali gifting traditions influence stock market trading strategies and recommendations across various brokerages during the festive season. Many analysts provide stock picks with target prices, which are frequently unattainable in the falling market. A significant number of brokerage reports underperform their benchmarks for prolonged periods of time.
NCDEX partners with BigMint to enhance price transparency in steel scrap market
NCDEX has signed a strategic collaboration with BigMint to create a benchmark for steel scrap pricing. This partnership aims to improve price transparency and reliability for the steel industry in India. BigMint will provide daily spot price assessments, which will be used for settlement of new steel scrap derivatives contracts. The contract is expected to help participants manage price risks more effectively.
Rising oil prices cap India bond rally; traders cash in gains
Indian government bonds saw a rise as traders reacted to a US Treasury rally and falling crude prices. The benchmark 6.94% 2036 bond yield declined by nearly 2 basis points after intraday fluctuations. Oil prices rebounded after initially falling, causing traders to lock in profits. Attention will turn to upcoming inflation data, with expectations for an increase in October.
BOJ policymakers signal scope for faster interest rate hikes
Bank of Japan policymakers are signalling support for further interest rate hikes, with some open to accelerating monetary tightening if inflation rises faster than expected, minutes of the September meeting showed. The BOJ raised its benchmark rate to 1.25%, a 31-year high, as it seeks to keep inflation near its 2% target.
D-Street poised for a gap-up start as GIFT Nifty trades firmly higher
Indian equity benchmarks experienced gains as they extended their winning streak to five consecutive sessions. The Nifty 50 increased by 150 points while the BSE Sensex advanced by 383 points. Easing crude oil prices and optimism over US-Iran negotiations led to a broad-based buying in domestic equities. Additionally, foreign portfolio investors were net buyers, contributing to positive market sentiment.
Sensex jumps 383 points, Nifty closes above 23,950 as benchmark indices scale 2-month highs. What lies ahead?
The Indian stock market has surged, with both Sensex and Nifty climbing to their highest points in two months. As investors keep a keen eye on outcomes from the US midterm elections, which could influence international exchanges, major sectors such as Realty and FMCG have thrived. There's a marked increase in buying from foreign institutional investors, suggesting renewed confidence in large-cap stocks.
Sarvam AI releases Prism, a fast decision model for enterprises: Here’s how it works
Sarvam AI has unveiled Prism, a sophisticated decision-making model aimed at enhancing operational efficiency and precision for businesses. With its ability to render quick, structured decisions from a set of defined choices, Prism recorded an average performance score of 71.8 and processed responses in just 44 milliseconds during evaluations. Organizations can effortlessly tailor Prism using their own datasets, making it adaptable and straightforward.
US bond yields fall; Nasdaq, Dow Jones futures slip 2% as Democrats set for big win in US midterm elections
US Treasury yields fell on Tuesday as investors sought safe-haven assets amid a sharp sell-off in US equity futures following projections of significant Democratic gains in the 2026 midterm elections. The 10-year yield slipped nearly 5 bps to 4.902%, while the 2-year yield dropped 6 bps to 4.55%.
Sensex, Nifty soar to a two-month high as FPIs ramp up buying activity
Indian benchmark indices Sensex and Nifty closed at their highest levels in nearly two months. Foreign investors have been net buying Indian equities, contributing to market gains over the past sessions. HDFC Bank was a significant contributor to the Nifty's gains, along with other major stocks like ICICI Bank. Decreasing crude oil prices have improved market sentiment among investors recently.
Europe stocks slip on AI concerns, escalating Iran tensions
Asian tech benchmarks came under pressure earlier in the day as investors reassessed the sustainability of the AI-driven rally following disappointing results from major US hyperscalers in the previous week, raising concerns that the sector has become overvalued globally.
GST decriminalisation decisions set benchmark for trust-based governance: CII
The Confederation of Indian Industry praised the GST Council's recent decisions aimed at decriminalising certain offences. The Council recommended raising the prosecution threshold from Rs 1 crore to Rs 5 crore, promoting trust in businesses.
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