Nifty and Sensex recovered from early morning lows to close the session lower by around 0.4%. US futures indicate a muted start for US stocks.
Brent Crude: 97.01 -1.35%
USD INR Spot: 82.366 -0.55%
India 10Y Bond yield: 7.479 0.25%
Nifty 50 market breadth for the day;
Sectoral performance.
More stats at: stocks.zerodha.com
Amongst the F&O stocks
Axis Bank was the top gainer.
Indiabulls Housing Finance was the top loser.
Earnings Update:
TCS: Net Profit: Rs.10431 cr 8.4% YoY; Revenue: Rs 55309 cr 18% YoY.
In the news
India’s monthly fuel demand in September was at the lowest since November 2021, government data released on Friday showed. Total monthly fuel demand in September fell 3.6% from August, although it was up 8.1% when compared with September 2021.
Paytm shares surged 3% as the value of loans disbursed by the payments platform in the run-up to the festive season grew 482% year-on-year (YoY) to Rs 7,313 crore ($894 million) in the second quarter ended September 2022 (Q2 FY23).
The Finance Ministry stated that between April 1 to October 8, 2022, India’s direct tax collection surged by 24% to Rs 8.98 lakh cr. The gross collection of taxes on corporate earnings rose by 16.74%, while personal income tax collection grew by 32.30%, as per PTI.
Overall retail sales grew by 57% in Navratri 2022 compared to Navratri 2021. The sales of two-wheelers (2W), three-wheelers (3W), commercial vehicles (CV), passenger vehicles (PV), and tractors all rose by 52%, 115%, 48%, 70%, and 58%, respectively. : Report by FADA
Wheat futures rose over 4% as the Ukrainian capital suffered its first strike in months, raising fears that the escalating war poses a new threat to Black Sea grain exports. Explosions rocked Kyiv, two days after an attack on a critical bridge linking Russia to Crimea.