Latest news from Indian Stock markets and Global Markets. Real-time information and updates.
Covid outbreak on cruise ship nears New Orleans. Other latest on global #Covid19 crisis: 🇦🇺 Australia approves Pfizer vaccine for children 5-11 🇺🇸 Omicron variant infection rises in US hospitals 🇳🇱 Ex-Dutch queen tests positive despite bo
In contrast, Bharti Airtel's valuation tumbled ₹10,489.77 crore to ₹3,94,519.78 crore. The valuation of ICICI Bank dipped ₹3,686.55 crore to ₹4,97,353.36 crore and that of Reliance Industries declined by ₹2,537.34 crore to ₹15,27,572.17 crore
The market capitalization (Mcap) of HDFC climbed ₹5,393.86 crore to reach ₹5,01,562.84 crore and that of State Bank of India by ₹2,409.65 crore to ₹4,22,312.62 crore. Hindustan Unilever Limited added ₹1,961.91 crore taking its valuation to ₹5,50,532.73 crore.
The market valuation of Bajaj Finance zoomed ₹16,082.77 crore to ₹4,26,753.27 crore and that of HDFC Bank by ₹12,744.21 crore to ₹8,38,402.80 crore.
The market valuation of Tata Consultancy Services jumped ₹71,761.59 crore to reach ₹13,46,325.23 crore. Infosys added ₹18,693.62 crore taking its valuation to ₹7,29,618.96 crore.
India VIX was down by 11.3 percent from 20.80 to 18.45 levels on week-on-week basis. "Volatility has cooled down from its higher levels giving some stability to the market," said Chandan Taparia of Motilal Oswal.
F&O Cues The option data indicated that the Nifty50 could be in the range of 16,800-17,700 levels in coming days, while the declining volatility could play a supportive role for the market, experts feel.
#Oil Prices Oil prices corrected sharply to close below $70 a barrel on Friday, falling 14.4 percent from its weekly opening price amid fears of likely lower demand due to travel restrictions imposed by several countries amid Omicron uncertainty.
In this policy, RBI may remain less accommodative citing inflation concern and hawkish US Fed," said Santosh Meena, Head of Research at Swastika Investmart.
"In this policy, there is a good chance that we may see a hike in the reverse repo rate because before raising the repo rate RBI has to bring down the corridor between the repo and reverse repo rate at 25 basis points from the current level of 65 basis points.
Experts largely feel the central bank could reduce the gap between repo rate and reverse repo rate and continue with VRRR (variable rate reverse repo).
#RBI Policy The Monetary Policy Committee, after three-day meeting, will disclose its interest rate decision on Wednesday. The street will closely watch how the RBI will react to the current Omicron crisis, economic growth, inflation numbers and hawkish US Fed.
New Harvard study declares winner between #Pfizer and #Moderna vaccines
Today's Infographic: Bearing Companies Comparison ⚙️ Timken ⚙️ Schaeffler ⚙️ SKF ⚙️ Menon Bearings
U.S. jobs report and inflation concerns
Worst performing large cap stocks from this past week DocuSign $DOCU -46% Asana $ASAN -37% Gingko $DNA -28% Elastic $ESTC -27% Novavax $NVAX -26% Didi Global $DIDI -23% $AMC -23% Robinhood $HOOD -23% Affirm $AFRM -22% Draftkings $DKNG -21% $BILL -21% $ETSY -21% $PDD -20%
Nifty and Bank Nifty Important Astrological/Gann Dates for OctoberMonth. OctoberMonth will be quiet volatile based on Gann time and price cycle so trade carefully and with right position size
World Bank says higher oil prices to boost Saudi Arabia's public finance, external position #SaudiArabia #Oil #World_Bank