Key benchmark indices may edge higher in a special trading session today, 11 November 2015 to mark the start of Samvat 2072-the new year for the trading community. Sentiment may be boosted after the National Democratic Alliance (NDA) government after market hours yesterday, 10 November 2015 announced easing foreign direct investment (FDI) norms across 15 sectors to attract overseas funds and boost economic growth.
The stock exchanges are conducting one hour special muhurat trading session today, 11 November 2015, evening for Diwali Laxmi Pujan. Trading will be conducted for an hour from 17:45 IST to 18:45 IST. Traders and investors traditionally make token purchases of stocks during the so-called muhurat trading session. There was no regular trading today, 11 November 2015 due to a holiday on account of Diwali. The stock market also remains closed tomorrow, 12 November 2015, for Diwali Balipratipada holiday.
In overseas stock markets, European stock indices gained a fillip from corporate news on Wednesday after Asian markets took a mixed set of Chinese data in stride. Amid a slew of Chinese data, year-on-year growth in October retail sales came in at 11%, up from 10.9% in September, while October industrial output growth slipped to 5.6% from 5.7% in September.
Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 661.95 crore yesterday, 10 November 2015, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 658.33 crore yesterday, 10 November 2015, as per provisional data.
NMDC's net profit fell 48.28% to Rs 810.24 crore on 44.14% decline in total income to Rs 2028.66 crore in Q2 September 2015 over Q2 September 2014. The result was announced after market hours yesterday, 10 November 2015.
Weakness in Asian markets triggered by disappointing Chinese economic data pulled Indian stocks sharply lower, with the barometer index, the S&P BSE Sensex, falling below the psychological 26,000 level yesterday, 10 November 2015.
Powered by Capital Market - Live News
