Page 1778 - Markets News
Coal dispatch to power sector increases 27% to 59.73 MT in October
Coal dispatch to the power sector has increased by 27.13 per cent to 59.73 million tonnes (MT) in October, owing to a spurt in power demand amid unprecedented rise in import prices.
 "Coal dispatch to power sector increases 27% to 59.73 MT in October")
Eco recovery, corporate earnings to drive equities in Samvat 2078: Experts
The key indices are expected to be driven by recovery and healthy corporate earnings
 "Eco recovery, corporate earnings to drive equities in Samvat 2078: Experts")
S&P 500 hits record on strong jobs report, Pfizer Covid-19 pill cheer
US job growth regains momentum Pfizer jumps after positive Covid-19 antiviral pill data
 "S&P 500 hits record on strong jobs report, Pfizer Covid-19 pill cheer")
Oil gains as supply concerns re-emerge after OPEC+ output plan
Sentiment also gained from data showing US employment rising more than expected in October
 "Oil gains as supply concerns re-emerge after OPEC+ output plan")
Jack Ma, Trump and Xi: How Chinese billionaire flew close to the sun
Ma's charitable foundation, which handles his media queries, did not respond to a request for comment.
 "Jack Ma, Trump and Xi: How Chinese billionaire flew close to the sun")
A day after Centre slashes petrol, diesel rates, prices remain static
Accordingly, the pump price of petrol in Delhi, which fell to Rs 103.97 a litre at 6 a.m. on Thursday from previous day's level of Rs 110.04 a litre, remains at the same level on Friday.
 "A day after Centre slashes petrol, diesel rates, prices remain static")
Airbnb earns $834 mn on record revenue in Q3 as more people get vaccinated
Airbnb said its net income was nearly four times the $219 million that it earned a year earlier and nearly triple the $267 million it reported in the third quarter of 2019.
 "Airbnb earns $834 mn on record revenue in Q3 as more people get vaccinated")
OPEC allies rebuff US calls for speedier increases in oil output
The White House said Washington would consider a full range of tools at its disposal to guarantee access to affordable energy.
 "OPEC allies rebuff US calls for speedier increases in oil output")
Markets in Samvat 2078: The biggest themes and drivers for New Year
After a stellar liquidity-driven run in Samvat 2077, how should we expect the markets to behave in Samvat 2078? What will be the broader driving themes, and what will be the risks? Let's take a look
 "Markets in Samvat 2078: The biggest themes and drivers for New Year")
Market begins Samvat 2078 on positive note, Sensex ends above 60,000
This was the fourth straight year the market has notched up gains on Muhurat day
Chris Wood hikes exposure to crypto currency; sells gold for Bitcoin
Wood believes Bitcoin is a competitor to the yellow metal as a store of value and it is one with a built-in quantitative tightening dynamic due to the halving process roughly every four years
 "Chris Wood hikes exposure to crypto currency; sells gold for Bitcoin")
Infosys, L&T are top picks of most brokerages for Samvat 2078
Public sector banks, information technology companies, cement makers, and consumption plays are among other picks
Muhurat trading: Dalal Street welcomes Samvat 2078 with fireworks
The special, one-hour Muhurat Trading session on Thursday ended with gains of 0.5% for the headline indices
Muhurat Trading: Sensex reclaims 60k, up 296pts, Nifty ends above 17,900
The BSE Midcap and Smallcap indices also gained 0.7 per cent and 1.4 per cent, respectively. Auto and capital goods shares were the prominent gainers
 "Muhurat Trading: Sensex reclaims 60k, up 296pts, Nifty ends above 17,900")
Global shares up after Fed says economic aid will wind down
France's CAC 40 added 0.5% in early trading to 6,984.21, while Germany's DAX rose 0.5% to 16,035.43
 "Global shares up after Fed says economic aid will wind down")
Infibeam's CCAvenue starts TokenPay to help merchants comply with RBI norms
The solution will help merchants enable their end-customer to continue experiencing the saved card transactions with enhanced security
Infibeam's CCAvenue starts TokenPay to help merchants comply with RBI norms
The solution will help merchants enable their end-customer to continue experiencing the saved card transactions with enhanced security
 "Infibeam's CCAvenue starts TokenPay to help merchants comply with RBI norms")
Chinese developer Kaisa plunges as poor Oct sales add to liquidity worries
Kaisa said late on Wednesday its October contracted sales dropped 30.5% to 8.195 billion yuan ($1.28 billion) from a year ago, while sales in the first 10 months rose 23%.
 "Chinese developer Kaisa plunges as poor Oct sales add to liquidity worries")
Samvat 2077 the best for equity markets in 12 years. What to expect next?
As Samvat 2077 draws to a close, we take a look at how the markets fared this Samvat, which sectors sparkled on bourses, and what may be the road ahead for markets in Samvat 2078?
 "Samvat 2077 the best for equity markets in 12 years. What to expect next?")
Oil falls to near 4-week low after big build in US inventories
Biden blames higher oil and gas prices on OPEC; EIA shows bigger than expected jump in crude inventories