LIVE Market Commentary

Restaurant Brands Asia pact with Axis Bank for Rs 1.5Bn loan facility

Care health insurance plans Indian IPO of up to $300Mn

Protean egov technologies $59m India IPO at Rs 752-792/share open for sale, offer to close Nov. 8; anchor investors subscribed to 1.81 million shares worth 1.44 billion rupees at 792 rupees each

Esaf small finance’s $55.6Mn India IPO fully sold, gets 174% demand on first day, offer closes Nov. 7

India’s power consumption grows 9.4% to 984.39Bn units in April-Oct

Foreigners sell Rs 23.7Bn of Indian Equity Derivatives Nov. 3

Overseas investors sell Rs 11.9Bn of India Equities on Nov. 2

Domestic funds buy Rs 4.03Bn of stocks

Global funds sell Rs 124.3Mn of Indian stocks on Nov. 3

India EV market takes off on $10,000 electric cars

Forex reserves rise $2.6Bn to $586.1Bn in week to Oct. 27

Byju’s reveals $271Mn loss amid deepening debt dispute

Vedanta nears deal to raise $1.25Bn via private loan

India minister says Canada stopped talks on Free Trade Agreement

Debut 50-year bond gets four times more demand

Yield on 7.18% bonds maturing Aug. 14, 2033 down 1bps to 7.31%

Pre-market Update: Dollar Index

- Dollar traded 0.06% lower at 105.07
- Value of one dollar hovered near Rs 83.16

Pre-Market Update: Gold Prices

- Spot gold rose 0.4% to $1,994.28 per ounce

- US gold futures settled 0.3% higher at $1,999.2

Pre-Market Update: Oil Prices

- Brent crude futures were down 2.3% to $84.89 a barrel

- US WTI crude futures fell 2.4% to $80.51 a barrel

Asian Markets

- Japan’s Nikkei gained 2% at open

- Topix added 1.45%

- South Korea’s Kospi jumped 2.14%

- Kosdaq 3.39%

- Hong Kong’s Hang Seng stood at 17,867

- HSI’s closes at 17,664.12

Pre-Market Update: European Markets

- The Stoxx 600 ended 0.2% higher, led by retail stocks, which were up 1.7%

Pre-Market Update: US Markets

- Dow ended at 34,061.32, up 5.07%

- S&P advanced 5.85% to 4,358.34

- Nasdaq higher by 6.61% at 13,478.28

Pre-Market Update:

- Sensex jumped 283 pts to 64,364

- Nifty50 was up 97 pts to 19,231

- GIFT Nifty gained 15 points

Commodity Update: MCX - On account of change in US daylight saving timings the trading  hours shall be revised 9am to 11.55pm from November 6th,2023 to March 8th ,2024

Honasa consumer’s $204Mn India IPO subscribed 7.6 times