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Market LIVE: Sensex flat, Nifty around 18,400; Bharti Airtel gains 3% – Mint

Indian stock markets were trading flat on Wednesday. Sensex has hit a high of 61,880 and a low of 61,490 so far today. Nifty was hovering around 18,450 points. Asian stocks were mixed while US markets ended firm led by technology shares and upbeat earnings reports.

20 Oct 2021, 10:25:16 AM IST

Nifty Metal down over 1%

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20 Oct 2021, 10:14:45 AM IST

Yes Securities on Nestle India

FMCG demand especially in rural areas has slowed down in the months of August and September and the pace of normalization of economic activity and inflation impact would be key monitorable to gauge the demand trends. We adjust our estimates lower to factor in slightly lower margins and now build in a revenue/EBITDA/PAT CAGR of 11%/13%/12% over FY21-24E. We maintain our REDUCE rating with a PT of 2,737 based on 55x FY24E.

20 Oct 2021, 10:09:40 AM IST

Nifty broad markets indices in the red

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20 Oct 2021, 09:59:52 AM IST

Gita Gopinath resigns as IMF chief economist, to go back to Harvard in January

International Monetary Fund (IMF) chief economist Gita Gopinath will be leaving the multilateral lending agency in January next year after holding the position for three years.

Gopinath, an Indian-origin economist, will return to her earlier job as a professor at Harvard University’s economics department. Gopinath was IMF’s first female chief economist and the second Indian to hold the prestigious position after Raghuram Rajan who held the post from 2003 to 2006 before he joined the finance ministry as chief economic adviser and later the governor of the Reserve Bank of India (RBI).

20 Oct 2021, 09:54:22 AM IST

ACC up 3% as better realisations, cost controls aid September quarter earnings

Cement manufacturer ACC Ltd reported decent earnings in the September quarter. A combination of favourable factors helped ACC sail beat cost pressures.

Better grey cement realisation and higher RMC (ready-mix concrete) and other operating income offset the impact of cost inflation to some extent. Although grey cement realisations declined sequentially, the fall was lesser than anticipated. (Full report)

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20 Oct 2021, 09:46:12 AM IST

IRCTC extends fall from yesterday, hits 15% lower circuit

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20 Oct 2021, 09:39:20 AM IST

Nestle India up 3%

The food and beverages major reported a 5% growth in net profit at 617 crore for the September quarter as compared to 587 crore in the year-ago period.

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20 Oct 2021, 09:35:46 AM IST

BSE Smallcap plunges nearly 2%

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20 Oct 2021, 09:32:28 AM IST

BSE Midcap slips 1% dragged by IRCTC

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20 Oct 2021, 09:29:06 AM IST

Nifty below 18,400

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20 Oct 2021, 09:23:49 AM IST

Sensex down 100 points

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20 Oct 2021, 09:16:41 AM IST

Sensex and Nifty open flat with a positive bias

20 Oct 2021, 09:09:58 AM IST

Sensex at pre-open

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20 Oct 2021, 09:02:54 AM IST

Sensex, Nifty flat in pre-opening trade 

20 Oct 2021, 08:50:27 AM IST

India opposes penalty for delay in WTO notifications

India has strongly opposed a proposal from developed countries for administrative actions and penalties in case of delayed submissions of notifications by member countries. It is wrong to assume wilful default on the part of members rather than acknowledging the capacity constraints and other legitimate difficulties faced by many developing countries, India said.

Developed countries, including the US, European Union, UK, Australia, and Canada, have moved a draft general council proposal on procedures to improve compliance with notification requirements under World Trade Organisation (WTO) agreements that requires a country that fails to submit notifications by the deadline to explain the delay every six months. (Read more)

20 Oct 2021, 08:40:29 AM IST

LIC likely to back Zee-Sony merger

Life Insurance Corp. of India (LIC), the largest local shareholder of Zee Entertainment Enterprises Ltd, favours the proposed merger of the broadcaster with Sony Pictures Networks India, three people familiar with the insurer’s decision said.

The insurer’s vote is crucial for the Zee-Sony merger deal because LIC owns nearly 5% of Zee. If LIC does endorse the Zee-Sony merger, it may also influence how Zee’s public shareholders vote on the proposal. (Read more)

20 Oct 2021, 08:30:56 AM IST

Stocks to Watch: Reliance, Nestle India, ACC

Besides Reliance, Nestle India, ACC, NTPC and other top companies that will be in focus today, Havells India, Tata Communications, L&T Holding Finance, Angel Broking, Just Dial, and Shoppers Stop will also be in the limelight as they release their September quarter results.

20 Oct 2021, 08:20:34 AM IST

Indian markets likely to be in a range

Indian stock markets are likely to be range-bound on Wednesday while trends in SGX Nifty suggest a soft opening for domestic benchmark indices.

On Tuesday, the BSE Sensex ended at 61,716.05, down 49.54 points or 0.08%. The Nifty was at 18,418.75, down 58.30 points or 0.32%.

20 Oct 2021, 08:09:50 AM IST

Oil prices ease

Oil prices eased slightly in Asia but held near multi-year peaks as an energy supply crunch persisted across the globe.

US crude futures traded at $82.65 per barrel, down 0.4% on the day but near Monday’s peak of $83.18, its highest level since 2014.

20 Oct 2021, 07:40:14 AM IST

Asian markets rise

Most Asian stocks climbed on Wednesday tracking US markets as a focus on corporate earnings bolstered investor sentiment. Treasury yields advanced and the dollar slipped.

Nikkei 225 index was up 0.63%, Australia’s S&P/ASX 200 Index added 0.9%, and Hang Seng Index gained 0.7%. South Korea’s Kospi index and Shanghai Composite Index fell 0.4% each.

20 Oct 2021, 07:30:44 AM IST

US indices climb overnight

US stock indices jumped on Tuesday as technology shares extended recent gains and earnings reports were upbeat. The Dow Jones Industrial Average rose 0.56%, the S&P 500 gained 0.74%, and the Nasdaq Composite added 0.71%.

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