Punjab bandh: Shops across Doaba region shut, lukewarm response seen in other parts of state
In the Doaba region, which includes Jalandhar, Kapurthala, Hoshiarpur and SBS Nagar districts, most commercial establishments remained shut and market areas wore a deserted look. The transportation facilities, however, saw no impact. Key Points
Hindustan TimesMarket Trading Guide: 2 stock recommendations for Wednesday
Nifty remained volatile within a narrow range as traders remained uncertain ahead of the Fed Chair's scheduled speech tomorrow (Wednesday). On the daily chart, Nifty encountered resistance at the 21EMA and closed just below it. If it manages to surpass the 21EMA, which is currently around 19,414, it could potentially head towards the 19,650-19,700 range. On the downside, support is situated at 19,300, said Rupak De, LKP Securities. Key Points
Economic TimesU.S. antitrust enforcer says pressing on with fight against Microsoft/Activision deal
The U.S. Federal Trade Commission said on Friday it remained focused on its appeal opposing Xbox maker Microsoft's (MSFT.O) now-closed $69 billion deal to buy Activision (ATVI.O) but would "assess" the company's agreement with Ubisoft (UBIP.PA). Key Points
ReutersIndia manufacturing activity eases for 2nd straight month on moderation in output
Growth in India's manufacturing activity eased in July for a second month, with some moderation in output and new orders, although the pace of expansion remained healthy. The Manufacturing Purchasing Managers' Index, compiled by S&P Global, dipped to 57.7 last month from June's 57.8 but was slightly higher than the Reuters poll expectation for 57.0. Key Points
Economic TimesLucknow Super Giants beat Mumbai Indians by 5 runs
LSG were 35 for 3 in 6.1 overs but Stoinis and Krunal Pandya (49) lifted the team to 117 for 3 with a 82-run fourth wicket stand, which remained unfinished after the skipper retired hurt after hobbling to a single. Key Points
Economic TimesMarkets deserted during shutdown called by traders in Dhanbad
A few shops, including vegetable outlets that had opened in the early morning at different places in the district, closed after 10 a.m. in the Dhanbad town area. Vehicular traffic remained normal, as auto-rickshaw movement, the primary mode of vehicular transport, was not disrupted, they added. Key Points
Hindustan TimesIndia's manufacturing activity eases marginally in September
The Manufacturing Purchasing Managers' Index INPMI=ECI, compiled by S&P Global, fell to 57.5 last month from 58.6 in August. Key Points
India TodayWall St slips, yields jump as US retail spending persists
By Dhara Ranasinghe and Pete Schroeder LONDON/WASHINGTON (Reuters) - U.S. stocks opened lower Tuesday while government bond yields remained higher, as stronger-than-expected U.S. retail sales data Key Points
ThePrintShare Market LIVE: Nifty, Sensex may open in red, SGX Nifty falls 75 pts; IIFL Securities, HDFC AMC in focus
Share Market News Today | Sensex, Nifty, Share Prices LIVE: SGX Nifty was trading 75 points or 0.40% lower at 18,799 in the early morning trade. Asian markets were trading broadly in red. The US market remained shut on Monday. Key Points
FinancialexpressStock Radar: Bounce back on cards? Havells India trading near lower end of triangle pattern
The stock rose over 1% in a week but remained flat in the last 1 month, data suggests. It rose by over 5% in the last 3 months. Short-term traders can look to buy the stock now for a possible target towards Rs 1,400 levels in 2-3 months Key Points
Economic TimesIndia's manufacturing PMI slips to lowest level in four months
India's manufacturing sector expanded at the slowest pace in four months in February amid rising borrowing costs & weakness in the sector, a private survey showed on Wednesday. However, the sector remained relatively strong amid buoyant domestic demand, despite higher inflationary pressures. It was well above the 50-mark separating expansion from contraction for a 20th straight month. Key Points
Economic TimesIndia's manufacturing PMI slows in September marginally despite increased inflationary pressures: S&P Global
The Manufacturing Purchasing Managers' Index, compiled by S&P Global, fell to 57.5 in September from 58.6 in August. The PMI level has remained above the 50-level mark for 27 straight months. Key Points
Business TodayIndia's services sector shows strongest growth rates in around 14 years: PMI data
In April, India's services sector saw a slight moderation, but maintained strength due to robust domestic and international demand, boosting business confidence to a three-month high. Despite a dip in the HSBC Services PMI to 60.8 from March's 61.2, it remained among the fastest growth rates in nearly 14 years. Key Points
Economic TimesAfter 3-hour questioning, ED arrests TMC's Shahjahan for non-cooperation
India News: Sheikh Shahjahan arrested after non-cooperative questioning. Faces 15-16 land grabbing complaints. ED seeks custody in Rs 12 crore properties attached Key Points
Times Of IndiaSignificant headwinds continue to prevail : RBI flags trade risks yet again
The Reserve Bank of India (RBI) has highlighted the challenges faced by Indian trade, citing a contractionary zone in PMIs for new export orders in December.The RBI also noted that retail inflation in India has gradually descended closer to the target, despite growth beating expectations. The central bank attributed India's growth to strong domestic demand. Key Points
Economic TimesIndia’s manufacturing growth rises in November, maintains strong momentum
The PMI rose to 56.0, indicating a robust expansion and maintaining a positive trend for nearly two and a half years, with a reading above the 50-mark separating expansion from contraction. Key Points
India TodayGold remains flat at Rs 61,210/10 gm; silver climbs Rs 300
New Delhi, Nov 16 (PTI) Gold price remained flat at Rs 61,210 per 10 grams in the national capital on Thursday, according to HDFC Securities. However, silver climbed Rs 300 to Rs 75,300 per kilogram. In the previous trade, it had settled at Rs 75,000 per kg. In the global markets, gold was slightly down […] Key Points
ThePrintThere is nothing called off season? 4 hotel stocks with upside potential up to 33%
If one goes by airline ticket prices, room rent and occupancy level of hotels it is very clear that what appeared as revenge traveling in early phases when covid get over has more to it. Both airlines and hotel prices have remained higher than normal in all seasons of the year, whether busy or off season. Going by the changed preferences and all the challenges right from tech aggregator and others, there is a good chance that large chains with asset light model along with own asset have high probability of doing well. Key Points
Economic TimesManufacturing activity slows to 57.5 in September; sentiment improves
India's manufacturing activity slowed down in September, with the Purchasing Managers' Index falling to its lowest level in five months. The decline was primarily due to a softer increase in new orders, although export orders remained strong. Despite this, firms in the sector remain optimistic and expect output levels to increase in the next twelve months. Key Points
Economic TimesWall St opens lower as yields rise ahead of Powell speech
The Dow Jones Industrial Average fell 52.00 points, or 0.16%, at the open to 33,455.50. The S&P 500 opened lower by 3.53 points, or 0.08%, at 4,284.52, while the Nasdaq Composite dropped 1.34 points, or 0.01%, to 13,217.99 at the opening bell. Powell and Philadelphia Fed President Patrick Hasker will speak at a roundtable discussion, due 11 a.m. ET, with local employers and small business owners on efforts to grow the economy. Key Points
Economic Times3 road construction & contracting focussed companies with ‘buy’ rating can rise up to 33%
The government spending on infrastructure projects, especially on roads has remained at elevated levels for the last nine years, this had a trickle down effect on many parts of the economy and specially companies which are involved in construction and contracting. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . Key Points
Economic TimesFederal Reserve still sees significant inflation risk that may merit more rate hikes, minutes show
The response in financial markets to Fed minutes was muted, with Treasury yields little changed and U.S. stocks slightly extending earlier losses. Investors in contracts tied to the federal funds rate are betting heavily that the Fed won't raise its policy rate again during the current tightening cycle. Key Points
Economic Times20 still missing after Uttarakhand landslide
Rescuers on Saturday looked for 20 people who remained missing at rain-hit Gaurikund on the Kedarnath route following a landslide triggered by flashfloods two days ago. Three bodies were earlier recovered. Key Points
The Tribune IndiaNo respite, retail tomato price further shoots up to Rs 162/kg
A maximum rate of Rs 162 per kg was quoted in Shahjahanpur in Uttar Pradesh, while the minimum rate was Rs 31 per kg in Churu district of Rajasthan, the data showed. Tomato prices remained high in other cities in the country as well. Key Points
Economic TimesBest-ever April for Mumbai property stamp duty collection despite lower registrations
The state exchequer's revenue saw a 15% YoY increase to over Rs 845 crore ($113m), although registration was 15% lower at 9,933 deals. South Mumbai showed the highest uptick in sales, and properties under Rs 10m ($134,000) remained the most popular. Apartments measuring 500 sq ft to 1,000 sq ft remained buyers preference, accounting for 44% of all registrations. Key Points
Economic TimesINDIA RUPEE Rupee scales seven-week peak on dollar weakness, eyes more gains
The Indian rupee strengthened against the U.S. currency to a seven-week high on Wednesday, tracking Asian peers as the dollar index gave up gains and local equities remained resilient. Key Points
ReutersConsumer confidence remains on recovery path: RBI survey
The current situation index rose by 2.2 points to 87 from 84.8 on account of improved perception on general economic situation, employment, and household income. Key Points
FinancialexpressElection time; 5 construction & contracting companies with Strong Buy and Buy rating can rise up to 44
As we come closer to elections, both in states in 2023 and the general election of 2024. The government spending on infrastructure projects, which has remained at elevated levels for many years, may see a further push as many state governments rush to complete and announce more of them. This will have a trickle down effect on many parts of the economy and specially companies in contracting and construction. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . Key Points
Economic TimesSensex, Nifty see muted opening amid volatility; banking stocks drag
The S&P BSE Sensex opened 136.83 points higher at 60,829.37 at 9:30 am, while the NSE Nifty 50 went up marginally by 38.70 points to 17,883.30. Broader markets were also trading mixed as sentiment remained weak. Key Points
India Today