Some buying activity is seen in banking, capital goods, pharma, auto, FMCG and oil & gas sectors, while IT and teck sectors are showing weakness on BSE. The BSE Mid-cap Index is trading up 0.45% at 10,725, whereas BSE Small-cap Index is trading up 0.52% at 11,240.
The BSE Mid-cap Index is trading up 0.45% at 10,725, whereas BSE Small-cap Index is trading up 0.52% at 11,240.
Some buying activity is seen in banking, capital goods, pharma, auto, FMCG and oil & gas sectors, while IT and teck sectors are showing weakness on BSE.
The Indian rupee opened higher by 5 paise at 65.95/$ in early trade on Tuesday. On macroeconomic side, India’s wholesale prices during October declined for the 12th consecutive months. In this respect, WPI inflation during October contracted by 3.81% on yoy basis, relatively less than the September WPI reading of ‐4.54%. Rise in food prices has moderated the contraction. Earlier, Indian government reported that consumer prices during October rose 5% on yoy basis after a 4.41% increase in September. Rising food prices (particularly pulses) and dilution of congenial base effect is leading to a spike in consumer price inflation.
Infosys will be in focus as it sees pressure on margins in the coming third quarter attributing the same to holiday season fall in spends.
The Food Safety & Standards Authority of India (FSSAI) moved the Supreme Court against the Bombay High Court's order lifting the ban on Nestle's Maggi noodles.
Apollo Tyres Ltd. may miss its 2020 target of becoming a US$6 billion company, chief financial officer (CFO) Gaurav Kumar said on Monday.
The cumulative domestic order inflows of seven large industrial companies fell 49% to Rs 23,500 crore in the September quarter. For BHEL and L&T, the decline has been 81 per cent and 46 per cent, respectively
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