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Rupee opens at 88.41/$ vs Wednesday’s close of 88.20/$. Rupee weakens by 20 paise against the US dollar

Dabur is set to report its Q2 earnings today; consolidated revenue is expected to grow in mid-single digits, with operating profit rising almost in-line with revenue. Revenue growth is anticipated to regain momentum in the coming quarters.

Here’s how the global market cues are placed this morning

Here’s how the global market cues are placed this morning

Here’s how the global market cues are placed this morning

ITC is set to report its Q2 earnings today; cigarette volumes are expected to grow 5–6%, while FMCG may rise 3–4%. FMCG margin could contract by 50–80 bps. Paper business revenue is seen up 4–5%, and agri revenue may grow 10–15%, with leaf tobacco prices off their highs.

The stock broking website Groww’s parent firm, Billionbrains Garage Ventures Ltd., is scheduled to begin its ₹6,632 crore initial public offering (IPO) on November 4.

On November 3, anchor investors will be able to place bids for shares, and until November 7, the issue will be available for general subscription.

In a major announcement, the Ron DeSantis-led government in Florida has banned the use of H-1B visas in Higher Education in the southernmost most in the United States.

CGTN says Xi Jinping has arrived at the APEC Summit

Following Federal Reserve Chair Jerome Powell’s warning about additional interest-rate cuts and his statement that a drop in December isn’t a given, Asian stocks battled for direction.

After a slight increase on Wednesday, Brent was just moving below $65 per barrel, while West Texas Intermediate was close to $60.

At their summit in South Korea, the presidents of the two biggest economies are anticipated to conclude a trade agreement. Trump may also use the meeting to pressure Beijing to reduce its purchases of oil from Moscow after putting sanctions on two Russian producers.

Futures on Wall Street are trading with losses ahead of the all-important meeting between US President Donald Trump and Chinese President Xi Jinping.

GIFT Nifty lower, trading at a discount of over 50 points from Nifty Fut Wednesday’s close, indicates a start in the red for the Indian market

Some of the stocks to watch for the day includes Larsen & Toubro, HPCL, BHEL, SAIL, United Breweries, Brigade Enterprises, CONCOR, Railtel Corporation of India, Mahanagar Gas among others.

Check The Full List Here 

The November series got off to a great start for the equity benchmark Nifty 50 index, which opened 46 points higher and continued to rise throughout the day.

The Nifty maintained its upward trend on Thursday following a day of significant volatility on Tuesday, the day of F&O expiry. For the majority of the session, the index remained positively skewed, opening with a 46-point upside gap.

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