Before the bell, 28 Oct
8 overnight items that matter out of 90. Overnight moves that matter: Nikkei 225, Kospi, Brent crude.
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Where we stand
Overnight
Nikkei 225 +1.20%: Asia is moving with conviction this morning.
Kospi +5.70%: Asia is moving with conviction this morning.
Brent crude −2.34%: India imports most of its oil: oil marketers, paints, aviation, tyres and the rupee feel this.
| Last | Change | For India today | |
|---|---|---|---|
| Nikkei 225 | 64,030.62 | +1.20% | matters Asia is moving with conviction this morning |
| Kospi | 5,959.69 | +5.70% | matters Asia is moving with conviction this morning |
| Brent crude | 111.21 | −2.34% | matters India imports most of its oil: oil marketers, paints, aviation, tyres and the rupee feel this |
| S&P 500 | 7,722.60 | +0.60% | background |
| Nasdaq Composite | 26,477.81 | +1.18% | background |
| Dow Jones | 52,377.57 | +0.03% | background |
| Hang Seng | 23,043.29 | +0.01% | background |
| Gold | 4,058.60 | −0.39% | background |
| US dollar index | 102.40 | +0.08% | background |
| USD/INR | 95.11 | −0.09% | background |
| US 10-year yield | 4.993 | +1 bp | background |
Last available quotes at build time; Asian markets may still be trading.
What changed overnight
Global deal activity and strategic partnerships drive momentum across tech, manufacturing, and energy sectors, with major investments, MoUs, and contract wins shaping…
Larsen & Toubro reported a quarterly net profit increase of 33% amid strong order inflows and infrastructure spending. Revenue for the quarter…
Just Dial, which currently generates most of its revenue from paid listings and subscriptions, is now testing new merchant software products to…
- Changes earningsBuzzing stocks: Infy, Midhani, Choice Intl, Kothari Industrial, Subros, Gulf Oil, Exide, Steamhouse
Global deal activity and strategic partnerships drive momentum across tech, manufacturing, and energy sectors, with major investments, MoUs, and contract wins shaping…
The Hindu BusinessLine ↗ - Changes earningsL&T profit jumps 33% on strong order inflows
Larsen & Toubro reported a quarterly net profit increase of 33% amid strong order inflows and infrastructure spending. Revenue for the quarter…
Economic Times ↗ - Changes risk or governanceJust Dial wants more paying merchants. Software is its next big bet
Just Dial, which currently generates most of its revenue from paid listings and subscriptions, is now testing new merchant software products to…
LiveMint ↗ - Changes risk or governanceCognizant restructures software engineering business as clients seek AI returns
The restructuring is part of Cognizant’s efforts to prepare for an AI-driven market, where companies are reassessing the work they outsource to…
LiveMint ↗ - Changes earningsStocks in news: Jio Platforms, RIL, Infosys, L&T, Tata Capital, Waaree Energies and Vedanta Iron
Indian benchmark indices saw a volatile session amid the Nifty and Bank Nifty monthly expiry. Stocks like Jio Platforms made headlines following…
Economic Times ↗ - Changes earningsCipla’s US recovery, biosimilar pipeline key to future growth prospects
Cipla's September-quarter earnings suffered due to a high base in its US business. The company reported sequential growth driven by its strong…
Economic Times ↗ - Changes risk or governanceArctos Sees Rise of Private Equity Zombies as Firm Count Peaks
The number of active private markets firms peaked 18 months ago and has started to decline as more firms become zombies because…
LiveMint ↗ - Macro and policyUS Fed decision: What Kevin Warsh’s next move could be as inflation stays above 3% and jobs weaken | 3 things to watch
The Federal Reserve faces persistent inflation above its 2% target alongside pressure on housing and employment. Markets expect rates to hold steady…
LiveMint ↗
8 of 90 items since the last close changed earnings, cash, risk, a sector or the macro picture. The other 82 were previews, recaps, opinion or repeats.
Today's agenda
14 results board meetings; Paras Healthcare IPO lists; Jio Platforms IPO lists; Ajwa Projects IPO opens.
- Paras Healthcare IPO lists
- Jio Platforms IPO lists
- Ajwa Projects (SME) IPO opens, band ₹203–203
- 14 results board meetings: Adani Enterprises Ltd., Adani Ports and Special Economic Zone Ltd., Hindustan Unilever Ltd., ACME Solar Holdings Ltd., Anant Raj Ltd., Bandhan Bank Ltd., Birlasoft Ltd., Cartrade Tech Ltd., City Union Bank Ltd., Force Motors Ltd., Hexaware Technologies Ltd., Hyundai Motor India Ltd., K.P.R. Mill Ltd., KPIT Technologies Ltd.
What would change the read
If FIIs turn net buyers in the cash market, the rally would be getting funded, not just priced; if not, the money still is not following prices.
If more than half of the Nifty 500 closes higher, the move would be broad, not carried by a few heavyweights; if not, gains, if any, would be narrow.
If India VIX closes lower than the day before, demand for protection would be easing; if not, traders would still be paying up for protection.
- IfFIIs turn net buyers in the cash market: the rally would be getting funded, not just priced. If not: the money still is not following prices.
- Ifmore than half of the Nifty 500 closes higher: the move would be broad, not carried by a few heavyweights. If not: gains, if any, would be narrow.
- IfIndia VIX closes lower than the day before: demand for protection would be easing. If not: traders would still be paying up for protection.
Tonight's Close scores each of these.