Asian markets have opened mixed this morning. Benchmark indices in Japan are seeing gains while those in Australia are fluctuating. Today marks the start of a very important week for global equities, with the U.S. Presidential Elections, as well as the Federal Reserve Policy meeting.
US stock indexes closed lower on Friday to cap Wall Street's biggest weekly sell-off since March, as losses in richly priced tech heavyweights, a record rise in coronavirus cases and jitters over the presidential election snuffed investor sentiment.
The Dow Jones Industrial Average fell 157.51 points, or 0.59%, to 26,501.6. The S&P 500 lost 40.15 points, or 1.21%, to 3,269.96 and the Nasdaq Composite dropped 274.00 points, or 2.45%, to 10,911.59.
Futures on the Dow Jones are trading 140 points lower currently.
Oil prices slumped more than 4% on Monday to the lowest levels since May on worries a swathe of coronavirus lockdowns across Europe will weaken fuel demand, while traders braced for turbulence during the U.S. Presidential election week.
🎯 News & Impact 🎯
Major Results Today : HDFC, NTPC.
🎯 Reliance Industries Q2FY21 :
Revenue down 24% to Rs 1,16,195 crore Net profit down 7% to Rs 10,602 crore Ebitda down 16.2% to Rs 18,945 crore Ebitda margin at 16% from 14.4% Gross Refining Margin at $5.7 per barrel from $9.4 per barrel.
🎯 ICICI Bank Q2FY21 :
Net Interest Income up 16% to Rs 9,366 crore Net profit at Rs 4,251 crore from Rs 655 crore Gross NPA at 5.17% from 5.46% last quarter Net NPA at 1% from 1.23% last quarter.
🎯 IndusInd Bank Q2FY21 :
Net Interest Income up 12.7% to Rs 3,278 crore Net profit down 53% to Rs 663 crore Gross NPA at 2.21% from 2.5% last quarter Net NPA at 0.52% from 0.86% last quarter.
🎯 UPL Q2FY21 :
Revenue up 14% to Rs 8,939 crore Net profit up 2.8 times to Rs 463 crore Ebitda up 17.5% to Rs 1,808 crore Ebitda margin at 20.2% from 19.7%
🎯 Banking stocks :
Banks to credit 'interest on interest' repayments by November 5, RBI tells SC.
🎯 Axis Bank : Has revised its stake acquisition agreement with Max Financial.
🎯 Future Retail : Has informed the exchanges that Amazon has asked for Rs 1,431 crore plus interest as damages, being the amount invested by it into Future Coupons.
🎯 Sun Pharma : Announced five-year sustained efficacy and safety results for Ilumya in patients with moderate-to-severe plaque psoriasis.
🎯 FDC : Launched stronger version of its Favipiravir brands used to treat mild to moderate cases of Covid-19.
🎯 Atul Auto : Has increased its stake in Khushbu Auto Finance from 30% to 100% for a cash consideration of Rs 44.57 crore.
🎯 Grasim Industries : Entered into a definitive agreement with Lubrizon Advanced Material to manufacture and supply Chlorinated Polyvinil Chloride (CPVC) resin in India.
🎯 Siti Networks : Defaulted on principal worth Rs 64 crore and interest worth Rs 13 crore due to HDFC, IDBI Bank, SCB, RBL Bank, Axis Bank, Kotak Mahindra Bank and IndusInd Bank.
🎯 PNB Housing Finance :
The National Housing Bank has imposed a penalty of Rs 1.9 crore, plus 18% GST for non-compliance with certain regulations.
🎯 Eicher Motors : Closes the business transfer agreement between Volvo Group India and VECV, post the receipt of all regulatory approvals.
🎯 Auto Sales October
Maruti Suzuki : Overall sales up 18.9% to 1,82,448 units. Exports up 4.7% to 9,586 units.
Escorts : Overall sales up 2.3% to 13,664 units. Exports up 51.7% to 484 units.
Mahindra & Mahindra : Overall PV sales up 1% to 18,622 units. Exports down 25% to 2,021 units. Farm equipment sale up 2% to 46,558 units. Farm equipment exports up 23% to 970 units.
Eicher Motors : VECV sales up 11.9% to 4,200 units. Royal Enfield sales down 7% to 66,891 units. Exports down 9% to 4,033 units. Hero MotoCorp: Overall sales up 35% to 8,06,848 units. Highest ever sales in any single month.
Hero MotoCorp : Overall sales up 35% to 8,06,848 units. Highest ever sales in any single month.
🎯 Majesco : Promoter Sundar Radhakrishnan sold 2.5 lakh shares (0.84%) at Rs 920.07 per share.
🎯 HFCL : Promoter MN Ventures acquired 10 lakh shares on October 30.
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