Mumbai: Sapphire Foods’ initial public offering (IPO) will begin accepting subscriptions today – Sapphire Foods India Limited, which operates KFC and Pizza Hut restaurants in the nation, will launch a three-day initial public offering (IPO) on Tuesday, November 9, and finish on November 11. Sapphire Foods said on Monday that it has acquired Rs 933 crore from anchor investors ahead of its first public offering. 

 

The Finance Minister examines Customs’ secure cargo disposal. – The Indian Government has reviewed progress made by the Indian Customs in the safe disposal of imports that are hazardous in nature and which remain uncleared or have been seized or confiscated. As part of the continuing commitment to public safety, the Union Minister for Finance and Corporate Affairs Nirmala Sitharaman reviewed the progress made over the last year.  

 

The Ministry of External Affairs expresses deep condemnation of the killing of an Indian fisherman in Pakistan and requests an investigation. – Official sources said India summoned a senior diplomat from Pakistan’s High Commission on Monday and registered a strong protest over the two-day execution of an innocent Indian fisherman by Pakistan’s maritime security agency in the Arabian Sea. Condemning the heinous crime, India further demanded that Pakistan undertake an investigation into the event and advise its soldiers to stop from such unjustified fire, according to the statement. 

 
Announcement  

11:30am – Commerce, CA, F&PD and Textiles Minister Piyush Goyal will address the Global Services Conclave-2021 on “India Serves: Exploring Potential Growth Sectors Beyond IT/ITes” hosted by the SEPC 

 
Markets & Economy 
US 

All 3 U.S. benchmark indices rose to new highs 

The infra bill was passed in both houses leading to infra stocks being Monday’s biggest gainers 

445 S&P500 cos have declared results of which 81% have beaten earnings estimates 

Dow gained 0.29% 

S&P500 gained 0.09% and was above the 4700 mark 

Nasdaq was near the flatline but was up 0.07%, posting its 11th straight positive session 

  
Europe 

All European indices closed mixed near the flatline 

The DAX & the FTSE closed 0.05% down 

CAC40 and Stoxx 600 closed 0.1% and 0.04% higher 

  
Asia 

China October exports slowed but beat estimates 

Asian indices closed in the red yesterday but have opened mixed 

Nikkei reversed yesterdays losses to start Tuesday in the green 

ASX200 is further lower today 

Kospi reversed some of yesterdays losses in early trade today 

SGX Nifty Futures closed rose 0.25% higher in trade yesterday and is further higher today 

  
Earnings to be reported today  

Mahindra & Mahindra  

Power Grid Corporation of India     

Bosch  

Max Financial Services  

Bharat Heavy Electricals  

Hindustan Copper 

MRF  

Indraprastha Gas  

Power Grid Infra invt trust 

Petronet LNG