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Shares of Dixon Technologies jumped 4%, but fell after a while as Taiwanese computer hardware company Acer said it hired the nationwide electronics manufacturing services company to build laptops in India.
Price as of November 25, 2021 10:23Click on the names of the companies for their live prices.
Moody’s says strong rebound in demand drives positive outlook for Indian corporate sector
- India’s steady progress in coronavirus vaccination will support a sustained recovery in economic activity
- India’s consumer demand, spending and manufacturing activity recover after pandemic restrictions eased
- Credit fundamentals favorable to Indian businesses on a sustained economic recovery
- Increased public spending on infrastructure will support demand for steel and cement in India
- India’s currently low interest rates will reduce financing costs and support new capital investments as demand increases
- Rising inflation could cause interest rates to rise faster than expected, weighing on business investment, Moody’s says
- Ebitda of Indian rated companies to rise due to strong consumer demand and high commodity prices (Source: Reuters)
Paytm shares continue to rally for day three
Price as of November 25, 2021 09:57Click on the names of the companies for their live prices.
The government’s proposal to increase the GST on gold jewelry from three percent to five percent will be a setback for the rebound of India’s jewelry industry. We expect gold prices to remain low until they cross the Rs 47,700 level in MCX. The buying area is above Rs 47,700 for the target of Rs 48,000. The selling area is below Rs 47,300 for the target of Rs 47,000.
– Ravi Singh, Vice President and Director of Research, ShareIndia
Most active actions on NSE
Price as of November 25, 2021 09:27Click on the names of the companies for their live prices.
OPENING BELL: Sensex loses 50 points, Nifty under 17,400; ICICI Bank and Nestlé fall by 1% each
SGX Nifty announces a flat start
Shrewd futures on the Singapore Stock Exchange traded 3.5 points, or 0.02%, up to 17,444.50, signaling that Dalal Street was heading for a flat start on Thursday.
Tech View: Nifty50 consolidation on the cards
Nifty50 canceled its lower lower formation after five sessions on Wednesday, but formed a bearish candle on the daily chart. Analysts believe the overall index could see some consolidation in the coming days. They see the 17,200 level as immediate support and the 17,600-700 range as a key obstacle in the coming days.
Dollar reigns as Hawkish Fed shines among central banks
The US dollar traded at its highest level in over a year against the euro and near a five-year high against the yen, the hawkish leaning of Federal Reserve policymakers, backed by solid US data, contrasting with the more accommodating monetary outlook in Europe and Japan. The dollar index, which measures the greenback against six major peers, eased slightly to 96.759, but still hovered near Wednesday’s high of 96.938.
Hong Kong stocks down at the opening
Hong Kong stocks fell as markets opened on Thursday morning, as minutes from the Federal Reserve’s latest policy meeting suggested it would cut its broad financial support for buying bonds faster than expected . The Hang Seng Index fell 0.16%, or 38.85 points, to 24,646.65. The Shanghai Composite Index edged down, losing 1.38 points to 3,591.32.
Japanese stocks open higher on strong US data
Tokyo’s Nikkei key index opened higher on Thursday after strong US indicators boosted Wall Street stocks, with the rising dollar also encouraging investors. The Nikkei 225 index added 0.62%, or 180.35 points, to 29,483.01 at the start of trading, while the broader Topix index strengthened by 0.43%, or 8.59 points, at 2,027.71.
US stocks mostly stabilized on the upside
Wall Street stocks ended largely higher on Wednesday after a heavy load of mostly solid economic data as some large retail companies plunged in disappointing results. The broad-based S&P 500 gained 0.2% to 4,701.46, just a few points off an all-time record. The tech-rich Nasdaq Composite Index gained 0.4% to 15,845.22, while the Dow Jones Industrial Average lost less than 0.1% to 35,804.38.
REITs sell shares worth Rs 5,123 crore
Net-net, foreign portfolio investors (REITs) turned sellers of domestic stocks to the tune of Rs 5,122.65 crore, according to data available from NSE. The DII were net buyers to the tune of Rs 3,809.62 crore, the data suggests.
The rupee sets 2 paise to 74.40 against the dollar
The Indian rupee recovered its initial losses and settled 2 paise at 74.40 against the greenback on Wednesday as dollar sales by exporters helped offset high crude oil prices. Investors were also awaiting the minutes of the last Federal Reserve meeting, traders said. In the interbank forex market, the local unit opened on a low 74.53 against the US dollar and saw an intraday high of 74.31 and a low of 74.54.
Sensex, nice wednesday
Stock indices resumed their decline on Wednesday after a day’s gap, succumbing to a last-minute sell-off triggered by losses mainly among market heavyweights Reliance, Infosys and HDFC. After trading in the green for most of the session, the 30-stock BSE Sensex index came in at 323.34 points, or 0.55% lower, at 58,340.99, marking its fifth decline in the past six days. Likewise, the NSE Nifty lost 88.30 points or 0.5% to finish at 17,415.05.