- One BSF jawan killed, 3 others injured as Pakistan violates ceasefire in Rajouri
- Kanpur train derailment toll rises to 130
- In a first-of-its kind move, Indian Army to use solar energy to dispose of old ammunition
- Demonetisation is a big gamble; here's why
- China’s reported gene-editing success could spark off a race with the US
Markets News
BSE Sensex plunged over 380 points to close at 25,765.14, NSE Nifty slid to 7,929.10
FE Online | November 21, 2016 3:39 PM
The Benchmark BSE Sensex opens in negative, was trading 11.48 points down at 26,138.76, NSE Nifty was down by 0.11% at 8,065.10.
China stocks climb to near 11-month high; Hong Kong also up
Reuters | November 21, 2016 10:56 AMChina stocks climbed to a near 11-month high on Monday morning, as investors bet a weaker yuan will push up inflation and benefit Chinese exports, boosting demand for cyclical shares.
Asian shares on the defensive as US yields, dollar rise
Reuters | November 21, 2016 8:50 AMNikkei edges up, hovers at 10-1/2-month high as weak yen supports
Reuters | November 21, 2016 9:05 AMAustralia shares fall as financials retreat; New Zealand down
Reuters | November 21, 2016 9:07 AMPBOC to inject 185 billion yuan via reverse repos: Traders
Reuters | November 21, 2016 9:10 AMStocks may see volatility, demonetisation to hog limelight, say experts
PTI | November 20, 2016 3:50 PM-
CIL explores export of coal to neighbouring countries
PTI | November 21, 2016 3:44 PMState-owned CIL is examining opportunities to export coal with high ash content or high grade fossil fuel to the neighbouring nations, Parliament was informed today.
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China stocks climb to a fresh 10-month high, aided by cyclical shares
Reuters | November 21, 2016 1:26 PMChina stocks rose to a fresh 10-month high on Monday, led by blue-chips, but gains were limited as some investors remained sceptical that the uptrend could extend further.
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Indian shares fall about 1.5 per cent on continued foreign selling
Reuters | November 21, 2016 12:45 PMIndian shares fell about 1.5 percent on Monday on continued selling by foreign investors, while uncertainty lingered about the economic impact of the government’s demonetisation move.
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China stocks climb to near 11-month high; Hong Kong also up
Reuters | November 21, 2016 10:56 AMChina stocks climbed to a near 11-month high on Monday morning, as investors bet a weaker yuan will push up inflation and benefit Chinese exports, boosting demand for cyclical shares.
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Rupee recovers 4 paise against US dollar
PTI | November 21, 2016 9:39 AMThe rupee recovered by 4 paise to 68.09 against the US dollar in the opening trade today at the Interbank Foreign Exchange on fresh selling of the American currency by exporters and banks amidst higher opening in the domestic equity market.
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BSE Sensex plunged over 380 points to close at 25,765.14, NSE Nifty slid to 7,929.10
FE Online | November 21, 2016 3:39 PMThe Benchmark BSE Sensex opens in negative, was trading 11.48 points down at 26,138.76, NSE Nifty was down by 0.11% at 8,065.10.
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PBOC to inject 185 billion yuan via reverse repos: Traders
Reuters | November 21, 2016 9:10 AMChina’s central bank will inject 110 billion yuan ($15.97 billion) into money markets on Monday through seven-day reverse bond repurchase agreements…
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Australia shares fall as financials retreat; New Zealand down
Reuters | November 21, 2016 9:07 AMAustralian shares fell on Monday, tracking Wall Street’s decline last week, with financials pulling back from their sharp post-U.S. election gains as investors awaited clarity on President-elect Donald Trump’s policies.
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Nikkei edges up, hovers at 10-1/2-month high as weak yen supports
Reuters | November 21, 2016 9:05 AMJapan’s Nikkei rose on Monday morning, hovering at 10-1/2-month highs after the yen weakened further, but gains could be limited on investor caution after the market’s recent sharp rally.
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Oil prices climb on expectation of OPEC-led output cut
Reuters | November 21, 2016 8:57 AMOil prices rose around 1 percent on Monday as producer cartel OPEC moved closer to an output cut to rein oversupply that has kept prices low for over two years.
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Gold steady as dollar trims gains
Reuters | November 21, 2016 8:55 AMGold steadied early Monday after dropping 0.6 percent in the previous session, as the U.S. dollar narrowed gains after hitting 13-year highs on Friday on rising bond yields.
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Asian shares on the defensive as US yields, dollar rise
Reuters | November 21, 2016 8:50 AMAsian shares were on the defensive on Monday, undermined by fears that the strength in the U.S. dollar and rising U.S. bond yields since Donald Trump’s election to president could accelerate fund outflows from emerging markets.
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Stocks may see volatility, demonetisation to hog limelight, say experts
PTI | November 20, 2016 3:50 PMMarkets may see volatile trading sessions this week amid derivatives expiry, while currency demonetisation and Parliament proceedings would continue to impact sentiment, say experts.
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Mills will be profitable despite rise in SAP for cane in UP: ICRA
PTI | November 20, 2016 1:48 PMWhile production cost will escalate due to the Uttar Pradesh government raising the state advised price (SAP) for sugarcane by Rs 25 per quintal, better sugar realisations and recovery rates are likely to keep efficient mills…
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Mutual Funds eye Rs 1.5 trillion inflows from HNIs, retail investors
PTI | November 20, 2016 12:53 PMExpecting a surge in investments in financial products post demonetisation, the mutual fund industry is preparing for a huge inflow of nearly Rs 1.5 lakh crore from retail and HNI investors over the medium term.
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FPI outflows hit $3bn in November on cash crisis, US rate hike fears
PTI | November 20, 2016 11:49 AMForeign investors have pulled out close to USD 3 billion from the Indian capital market this month so far on lingering concerns over the government’s demonetisation decision and fears of a rate hike by the US Federal Reserve.
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Borrowing from corporate bond market up 68% in last 6 months
FE Bureau | November 19, 2016 6:08 AMCompanies and non-banking financial companies (NBFCs) together mopped up R70,395.56 crore from the bond markets in October, taking the total amount raised in the first seven months of FY17 to R3.81 lakh crore.
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Demonetisation to hit industrial sector temporarily: Credit Suisse
Credit Suisse | November 19, 2016 6:18 AMAmidst demonetisation driving significant demand contraction in consumer discretionary sectors, public sector contracting can be a ‘safe haven’. Subsequent push on infra spending, subject to ability to spend, can be a positive as well.
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With income ahead of estimates Kotak says Petronet LNG outlook positive
Kotak | November 19, 2016 6:07 AMPLNG’s 2QFY17 net income at Rs 4.6 billion was well ahead of our estimate, primarily driven by robust volume growth to 189 tn BTUs (Dahej: 3.6 million tonnes, Kochi: 0.1 million tonne).
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Now, demonetisation drive to hit Maharashtra sugar season
Nanda Kasabe | November 19, 2016 6:06 AMThe 2016-17 sugar season in Maharashtra is likely to bear the brunt of the demonetisation move from the next week onwards when payments will have to be made to labourers engaged in the sector.
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UP Assembly elections round the corner, Akhilesh Yadav govt hikes SAP by Rs 25/quintal
Deepa Jainani | November 19, 2016 8:35 AMAfter keeping the cane advisory price constant for four consecutive years on the demands from the struggling sugar industry, the government in poll-bound Uttar Pradesh on Friday finally turned its attention to 5 million cane farmers in the state and announced a hike of R25 per quintal across all the three varieties of sugarcane.
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Demonetisation: India bonds defy global rout as bank note ban brings December rate cut into view
Reuters | November 18, 2016 3:12 PMA shock move by the Indian government to withdraw over 80 percent of the country’s currency in circulation has sparked a rally in bonds that could extend into late December as markets bet on a rate cut as soon as next month.
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Sebi to auction Sahara group’s 5 more land parcels
PTI | November 18, 2016 1:54 PMMoving ahead with sale of Sahara assets to recover money, regulator Sebi today lined up as many as five land parcels of the beleaguered group for an e-auction next month at a total reserve price of over Rs 130 crore.
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China stocks down, but poised for 6th week of gains; Hong Kong up slightly
Reuters | November 18, 2016 12:45 PMChina stocks edged lower on Friday morning, but are on track for its sixth consecutive weekly gain thanks to growing signs of a stabilising economy.
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China allows foreign hedge funds to enter interbank bond market
Reuters | November 18, 2016 12:28 PMA total of 419 institutions and fund products completed registration to enter China’s domestic interbank bond market in October, including fund products under global hedge fund Bridgewater Associates, official data showed.
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Rupee cracks 68-level, tumbles 32 paise
PTI | November 18, 2016 11:29 AMThe rupee took a sharp plunge of 32 paise to crash below the 68-mark against the US dollar in early trade today on higher dollar demand from importers after the American currency strengthened overseas coupled with lower opening in the domestic stock market.
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Australia shares up as financials gain on Janet Yellen’s hawkish comments; New Zealand up
Reuters | November 18, 2016 11:10 AMAustralian shares rose on Friday as financials were boosted by a strong rally in their counterparts on Wall Street as comments from Federal Reserve Chair Janet Yellen and upbeat U.S. economic data bolstered the case for a rate hike in the U.S. next month.
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