IRCTC extends fall from yesterday, hits 15% lower circuit

View Full Image

Nestle India up 3%

The food and beverages major reported a 5% growth in net profit at ₹617 crore for the September quarter as compared to ₹587 crore in the year-ago period.

BSE Smallcap plunges nearly 2%

View Full Image

BSE Midcap slips 1% dragged by IRCTC

View Full Image

Nifty below 18,400

View Full Image

Sensex down 100 points

View Full Image

Sensex and Nifty open flat with a positive bias

Sensex at pre-open

View Full Image

Sensex, Nifty flat in pre-opening trade 

India opposes penalty for delay in WTO notifications

India has strongly opposed a proposal from developed countries for administrative actions and penalties in case of delayed submissions of notifications by member countries. It is wrong to assume wilful default on the part of members rather than acknowledging the capacity constraints and other legitimate difficulties faced by many developing countries, India said.

Developed countries, including the US, European Union, UK, Australia, and Canada, have moved a draft general council proposal on procedures to improve compliance with notification requirements under World Trade Organisation (WTO) agreements that requires a country that fails to submit notifications by the deadline to explain the delay every six months. (Read more)

LIC likely to back Zee-Sony merger

Life Insurance Corp. of India (LIC), the largest local shareholder of Zee Entertainment Enterprises Ltd, favours the proposed merger of the broadcaster with Sony Pictures Networks India, three people familiar with the insurer’s decision said.

The insurer’s vote is crucial for the Zee-Sony merger deal because LIC owns nearly 5% of Zee. If LIC does endorse the Zee-Sony merger, it may also influence how Zee’s public shareholders vote on the proposal. (Read more)

Stocks to Watch: Reliance, Nestle India, ACC

Besides Reliance, Nestle India, ACC, NTPC and other top companies that will be in focus today, Havells India, Tata Communications, L&T Holding Finance, Angel Broking, Just Dial, and Shoppers Stop will also be in the limelight as they release their September quarter results.

Indian markets likely to be in a range

Indian stock markets are likely to be range-bound on Wednesday while trends in SGX Nifty suggest a soft opening for domestic benchmark indices.

On Tuesday, the BSE Sensex ended at 61,716.05, down 49.54 points or 0.08%. The Nifty was at 18,418.75, down 58.30 points or 0.32%.

Oil prices ease

Oil prices eased slightly in Asia but held near multi-year peaks as an energy supply crunch persisted across the globe.

US crude futures traded at $82.65 per barrel, down 0.4% on the day but near Monday’s peak of $83.18, its highest level since 2014.

Asian markets rise

Most Asian stocks climbed on Wednesday tracking US markets as a focus on corporate earnings bolstered investor sentiment. Treasury yields advanced and the dollar slipped.

Nikkei 225 index was up 0.63%, Australia’s S&P/ASX 200 Index added 0.9%, and Hang Seng Index gained 0.7%. South Korea’s Kospi index and Shanghai Composite Index fell 0.4% each.

US indices climb overnight

US stock indices jumped on Tuesday as technology shares extended recent gains and earnings reports were upbeat. The Dow Jones Industrial Average rose 0.56%, the S&P 500 gained 0.74%, and the Nasdaq Composite added 0.71%.