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Market LIVE Updates: Indices open higher on positive global cues; Hero MotoCorp, ONGC in focus –

November 15, 2021 / 09:21 AM IST

Rajani Sinha, Chief Economist & National Director – Research, Knight Frank India:

While CPI is at a comfortable level around 4%, inflationary concerns persist with high core inflation. While the cut in excise duty on petrol/ diesel will provide reprieve to inflation, high global commodity prices including energy prices, pose a threat for future inflation. 

Even with economies bouncing back to normalcy, some of the supply bottlenecks are still lingering and to add to that there is threat of demand side pressure on inflation gathering strength. 

Globally also the threat of inflation is surging because of supply bottlenecks and high commodity prices. While RBI will be cautious of inflationary threat, the Central Bank is likely to be gradual in its policy normalization 

November 15, 2021 / 09:19 AM IST

Gainers and Losers on the BSE Sensex:

November 15, 2021 / 09:17 AM IST

Market Opens: Indian indices opened on positive note on November 15 with Nifty above amid supportive global cues.

At 09:15 IST, the Sensex was up 230.41 points or 0.38% at 60917.10, and the Nifty was up 73.20 points or 0.40% at 18176. About 1324 shares have advanced, 624 shares declined, and 106 shares are unchanged.

ONGC, Hero MotoCorp, Asian Paints, Kotak Mahindra Bank and HDFC Bank were among major gainers on the Nifty.

November 15, 2021 / 09:13 AM IST

Policybazaar, Sigachi, SJS Enterprises Shares To List Today: Here’s What To Expect

Policybazaar, Sigachi, SJS Enterprises Shares To List Today: Here's What To Expect

Analysts expect the listings to be at a premium over the issue price given the positive market conditions. Read on to know what the experts feel the listing premium could be:

November 15, 2021 / 09:11 AM IST

Petrol, diesel prices on November 15:

Petrol and diesel prices remained the same for the eleventh day in a row on November 15 after the Central government cut the excise duty on the two fuels to bring down retail rates from record highs, according to a price notification of state-owned fuel retailers.

The government cut excise duty on petrol by Rs 5 per litre and that on diesel by Rs 10 a litre on November 3 to give relief to consumers battered by record-high retail fuel prices. The November 4 decline took the price of petrol in Delhi to Rs 103.97 a litre. The price remained the same on November 15. Diesel price stayed unchanged at Rs 86.67 per litre on the day.

November 15, 2021 / 09:07 AM IST

Rajani Sinha, Chief Economist & National Director – Research, Knight Frank India:

While the sharp deceleration in IIP growth is mainly because of the base effect, even on a sequential basis the IIP has shown a decline and this is a cause of concern. 

While the infrastructure sector has shown a sequential decline, the silver lining is that on a MoM basis the consumer goods segment, specifically the consumer durables sector has shown a strong improvement. 

Going forward, for sustainable economic momentum in 2022, the critical driver would be boost to consumer spending through demand stimulating government policies. Eventually private investment will also improve as capacity utilization level improves going forward.

November 15, 2021 / 09:04 AM IST

ICICI Direct:

Indian markets are likely to open on a positive note tracking positive global cues though investors are wary of bearish surprises in a batch of Chinese economic data due out later.

US markets ended higher after a mixed session, with both earnings and inflation data remaining at the centre of attention.

November 15, 2021 / 09:03 AM IST

Market at pre-open: Benchmark indices are trading mixed in the pre-opening session amid positive global cues.

The Sensex was up 155.13 points or 0.26% at 60841.82, and the Nifty was down 132.80 points or 0.73% at 17970.00.

November 15, 2021 / 08:55 AM IST

Trade Spotlight | What Should You Do With InterGlobe, Sheela Foam, ICICI Prudential, Tech Mahindra Stocks?

Trade Spotlight | What Should You Do With InterGlobe, Sheela Foam, ICICI Prudential, Tech Mahindra Stocks?

Stocks that were in focus include IndiGo operator InterGlobe Aviation which was the biggest gainer in the futures and options segment, hitting a record high of Rs 2,324.95 before closing with 7.39 percent gains at Rs 2,306.25, and ICICI Prudential Life Insurance Company was the second biggest gainer in the F&O segment, rising 4.76 percent to Rs 672.60.
Sheela Foam was also in focus on Friday as it touched a fresh record high of Rs 3,247.70, before closing with 13.95 percent gains at Rs 3,117.35, and Tech Mahindra was the top gainer in the Nifty50, increasing 4.14 percent to close at Rs 1,585.

November 15, 2021 / 08:51 AM IST

Japan’s economy shrinks more than expected as supply shortages hit

Japan’s economy contracted much faster than expected in the third quarter as global supply disruptions hit exports and business spending plans and fresh COVID-19 cases soured the consumer mood.

While many analysts expect the world’s third-largest economy to rebound in the current quarter as virus curbs ease, worsening global production bottlenecks pose increasing risks to export-reliant Japan.

The economy shrank an annualised 3.0% in July-September after a revised 1.5% gain in the first quarter, preliminary gross domestic product (GDP) data showed on Monday, much worse than a median market forecast for a 0.8% contraction.

November 15, 2021 / 08:49 AM IST

FII and DII data

Foreign institutional investors (FIIs) were net buyers and picked up shares worth Rs 511.10 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 851.41 crore in the Indian equity market on November 12, as per provisional data available on the NSE.

November 15, 2021 / 08:46 AM IST

BOJ Kuroda: Japan economy to recover to pre-COVID level in 1st half of 2022

Bank of Japan Governor Haruhiko Kuroda said on Monday the country’s economy was likely to recover to pre-coronavirus pandemic levels in the first half of 2022.

“The economy’s recovery has been somewhat slower than initially expected,” Kuroda said in a speech at a meeting with business leaders in Nagoya, central Japan.

“But the mechanism for an economic recovery remains intact,” he said, according to the text of the speech posted on the BOJ’s website.