Benchmark indices finished lower for the third consecutive session, falling around 0.8%. US markets too look set for a negative opening.
Brent Crude: 87.21 -0.69%
USD INR Spot: 81.84 0.19%
India 10Y Bond yield: 7.323 0.22%
Nifty 50 market breadth for the day;
More stats at: stocks.zerodha.com
Amongst the F&O stocks
Escorts was the top gainer.
TVS Motors was the top loser.
Formal job creation rose by 9.1% year on year in September to 1.68 million, with net enrolment 21.85% higher than the previous fiscal’s monthly average, as economic activity in India increased with the start of the festive season: EPFO data
Essar group announced the completion of its asset monetization programme to effectively become debt free with the sale of captive ports and power assets located in Gujarat and Odisha to ArcelorMittal for nearly Rs, 16,500 crore.
Restoring the status quo, the central government announced the withdrawal of export duty on iron ore lumps and fines with less than 58% Fe content, while the rate of duty on iron ore lumps and fines with more than 58% Fe will be 30%.
Average housing prices appreciated nearly 5% across eight major cities in the first nine months of this year on account of a rise in input costs and a strong revival in demand: PropTiger
Kabra Extrusion closed at 20% upper circuit after its division Battrixx entered into a partnership with Hero Electric to produce homegrown lithium-ion batteries.
Deepak Fertilisers gained 8.5% after signing a 20-year binding term sheet with Aarti Industries for Nitric acid supply worth over 8,000 crores.
WTI crude and Brent crude touched 2-month lows and fell below 80$ and 80$ per barrel respectively on receding supply fears combined with concerns over fuel demand from China and U.S. dollar strength weighed on prices.