MARKET WRAP: Benchmarks end flat, mid-caps tumble; Bharti Airtel surges 4%

Topics MARKET WRAP | Markets

Weak gross domestic product (GDP) print for September quarter, and dip in auto sales figures after festive season weighed on investor sentiment on Monday, as market players chose to remain on the sidelines in the lacklustre trade. Index heavyweights like Bharti Airtel and Reliance Industries, which ended 4 per cent and 2 per cent higher, respectively, however, provided some support to an otherwise weak market.

The benchmark S&P BSE Sensex closed 8.36 points, or 0.021 per cent, higher at 40,802.17 levels, with Bharti Airtel being the top gainer, and YES Bank being the top drag. The Sensex touched an intra-day high and low of 41,093.99 and 40,707.63, respectively. 

On the NSE, the broader Nifty50 index held the psychological mark of 12,000, and closed at 12,048.20, down 7.85 points or 0.065 per cent.

Sectorally, Nifty Auto and IT indices slipped the most, down nearly a per cent. Nifty Metal index, however, managed to close 0.27 per cent higher. 

In the broader market, mid-caps declined the most. The S&P BSE mid-cap index settled 116.65 points, or 0.77 per cent, lower at 14,968.21 levels. The S&P BSE small-cap index, on the other hand, closed at 13,508.22 level, down 52.35 points, or 0.39 per cent.

BUZZING STOCKS

Shares of telecom services providers rallied up to 10 per cent on the BSE in the early morning deals on Monday on the back of tariff hike plan. Bharti Airtel surged 10 per cent to Rs 486, also its fresh 52-week high on the BSE. Reliance Industries (RIL), the parent company of Reliance Jio, hit a new high of Rs 1,614, up 4 per cent, while Vodafone Idea (VIL) soared 24 per cent to Rs 8.44 on the BSE. READ MORE   

On the other hand, auto stocks slipped in the trade after data showed sales of passenger vehicles in November declined after increasing in the previous month. Maruti Suzuki India (MSI) was trading over a per cent lower while Bajaj Auto and Hero MotoCorp were down around half a per cent. 

GLOBAL CUES

Stock markets rebounded on Monday as decent manufacturing data in China and renewed optimism over a trade deal eroded some of the jitters which emerged among investors last week. The recovery in Europe followed gains in Asia, where share prices again approached record highs as investors stuck with bets that a trade deal between the United States and China is imminent. 

Japan's Nikkei index settled over 1 per cent higher, and South Korea's Kospi ended 0.19 per cent higher. Moreover, the Euro STOXX 600 rose 0.26 per cent, while the German DAX was 0.23 per cent higher. French and British shares were also climbing.

(With inputs from Reuters)

3:40 PM IST

3:39 PM IST

3:38 PM IST The benchmark S&P BSE Sensex closed 8.36 points, or 0.021 per cent, higher at 40,802.17 levels, with Bharti Airtel being the top gainer, and YES Bank being the top drag. The Sensex touched an intra-day high and low of 41,093.99 and 40,707.63, respectively.    On the NSE, the broader Nifty50 index held the psychological mark of 12,000, and closed at 12,048.20, down 7.85 points or 0.065 per cent.

3:26 PM IST Compared to its October estimates, the MPC will need to revise lower its FY2020 GDP estimate even as it possibly revises up the near term inflation outlook. We note that GDP growth print is around 80 bps lower and 2HFY20 GDP growth could be around 150-200 bps lower than RBI’s current estimates. On the other hand, CPI inflation could be around 100-150 bps higher than RBI’s estimate for 3QFY20. The December policy will, in some sense, test the “flexible” portion of the flexible inflation targeting framework. We believe that given the transient nature of food prices, and the sustained decline in core inflation, the MPC will likely continue to focus on the output gap and growth outlook. We maintain our call for 25 bps reduction in the repo rate to 4.9% in the December policy to continue providing support to growth.

3:18 PM IST Ujjivan is a play on the MFI growth story. So far, it has effectively managed to grow assets with decent asset quality profile. However, going forward trajectory of business model will change with buildup of non-MFI loans and ramp of retail liabilities which shall be an uphill task for the new management in the wake of tough competition in the market space. Also, the bank will have to reduce down the promoter stake further to 40% over the next 2 years from levels of 84% post IPO as per RBI guidelines which will be a hangover in the medium term. In this backdrop, in our view, the bank is not likely to trade at higher multiples. Our back of the envelope calculation suggests, the bank is trading at 1.6x FY22e. Given reasonable valuations, we recommend ‘SUBSCRIBE’ to the issue 

3:12 PM IST Shares of Eicher Motors dipped 5 per cent to Rs 21,853 intra-day on BSE on Monday as investors booked profit after the company reported disappointing motorcycle sales in November 2019. The company that manufactures the iconic Royal Enfield (RE) brand of motorcycles which leads the premium motorcycle segment in India recorded 8 per cent drop in total two-wheeler sales at 60,411 units in November 2019. READ MORE

3:09 PM IST

3:00 PM IST

2:49 PM IST The price hikes announced by telecom operators in their pre-paid plans was higher than what most analysts expected, leading to a sharp rally. Vodafone Idea and Bharti Airtel gained 5-16 per cent in trade while Reliance Industries was up 2.5 per cent. The new plans across segments announced by Bharti Airtel and Vodafone Idea are higher on an average by 30 per cent and come in to effect on December 3.   This should help increase their blended average revenue per user by Rs 30 and their annual operating profit in the range of Rs 7,000-Rs 9,500 crore each. Given the sharp increase and the smaller base, Vodafone Idea will see a bigger boost than the other players. READ REPORT HERE

2:37 PM IST - Floor price may be set near Rs 350

2:34 PM IST

2:31 PM IST COMPANY PRICE(rs) 52 WK HIGH CHG(rs) CHG(%) AAVAS FINANCIERS 1749.05 1880.00 -19.10 -1.08 ADANI GREEN 131.80 138.85 -5.40 -3.94 ADANI TRANSMISSI 331.50 341.40 21.80 7.04 ASTRAZENECA PHAR 2750.80 2820.20 105.10 3.97 BHARTI AIRTEL 461.90 485.75 19.60 4.43 » More on 52 Week High

LIVE UPDATES

Sectoral trends at NSE at close


Top gainers and losers on S&P BSE Sensex during at close


Closing Bell

The benchmark S&P BSE Sensex closed 8.36 points, or 0.021 per cent, higher at 40,802.17 levels, with Bharti Airtel being the top gainer, and YES Bank being the top drag. The Sensex touched an intra-day high and low of 41,093.99 and 40,707.63, respectively. 
 
On the NSE, the broader Nifty50 index held the psychological mark of 12,000, and closed at 12,048.20, down 7.85 points or 0.065 per cent.

Expert Comment :: RBI Policy expectations | Suvodeep Rakshit, Vice President & Sr. Economist, Kotak Institutional Equities

Compared to its October estimates, the MPC will need to revise lower its FY2020 GDP estimate even as it possibly revises up the near term inflation outlook. We note that GDP growth print is around 80 bps lower and 2HFY20 GDP growth could be around 150-200 bps lower than RBI’s current estimates. On the other hand, CPI inflation could be around 100-150 bps higher than RBI’s estimate for 3QFY20. The December policy will, in some sense, test the “flexible” portion of the flexible inflation targeting framework. We believe that given the transient nature of food prices, and the sustained decline in core inflation, the MPC will likely continue to focus on the output gap and growth outlook. We maintain our call for 25 bps reduction in the repo rate to 4.9% in the December policy to continue providing support to growth.

Expert Comment :: Anusha Raheja, BFSI Research Analyst at LKP Securities on Ujjivan SFB IPO

Ujjivan is a play on the MFI growth story. So far, it has effectively managed to grow assets with decent asset quality profile. However, going forward trajectory of business model will change with buildup of non-MFI loans and ramp of retail liabilities which shall be an uphill task for the new management in the wake of tough competition in the market space. Also, the bank will have to reduce down the promoter stake further to 40% over the next 2 years from levels of 84% post IPO as per RBI guidelines which will be a hangover in the medium term. In this backdrop, in our view, the bank is not likely to trade at higher multiples. Our back of the envelope calculation suggests, the bank is trading at 1.6x FY22e. Given reasonable valuations, we recommend ‘SUBSCRIBE’ to the issue 

Eicher Motors shares dip 5% on disappointing November sales data

Shares of Eicher Motors dipped 5 per cent to Rs 21,853 intra-day on BSE on Monday as investors booked profit after the company reported disappointing motorcycle sales in November 2019. The company that manufactures the iconic Royal Enfield (RE) brand of motorcycles which leads the premium motorcycle segment in India recorded 8 per cent drop in total two-wheeler sales at 60,411 units in November 2019. READ MORE

Sector Watch | Nifty Metal index trades higher in weak market


S&P BSE Midcap index under performs Sensex


Vodafone Idea will continue to face multiple challenges despite price hike

The price hikes announced by telecom operators in their pre-paid plans was higher than what most analysts expected, leading to a sharp rally. Vodafone Idea and Bharti Airtel gained 5-16 per cent in trade while Reliance Industries was up 2.5 per cent. The new plans across segments announced by Bharti Airtel and Vodafone Idea are higher on an average by 30 per cent and come in to effect on December 3.
 
This should help increase their blended average revenue per user by Rs 30 and their annual operating profit in the range of Rs 7,000-Rs 9,500 crore each. Given the sharp increase and the smaller base, Vodafone Idea will see a bigger boost than the other players. READ REPORT HERE

NEWS ALERT | RBL Bank may launch QIP of Rs 1,600 today

- Floor price may be set near Rs 350

IPO UPDATE | Ujjivan SFB offer subscribed 80% so far on Day 1


Stocks that hit 52-week high on S&P BSE Sensex

COMPANY PRICE(rs) 52 WK HIGH CHG(rs) CHG(%)
AAVAS FINANCIERS 1749.05 1880.00 -19.10 -1.08
ADANI GREEN 131.80 138.85 -5.40 -3.94
ADANI TRANSMISSI 331.50 341.40 21.80 7.04
ASTRAZENECA PHAR 2750.80 2820.20 105.10 3.97
BHARTI AIRTEL 461.90 485.75 19.60 4.43
» More on 52 Week High

Piramal Capital borrows Rs 1,100 crore for 4 months from Barclays: Report

While the rate of interest is 7.5 per cent on the four-month loan deal signed last week between Piramal Capital & Housing Finance Ltd. and the British bank, the blended annualized cost, including the fee, is higher than 10 per cent, the people said, asking not to be named as the information is not public. READ MORE  

MARKET CHECK


YES Bank extends losses


Rupee check


Top gainers on the BSE at present


Global markets check

Global shares shuffled marginally higher on Monday to stand just short of the record peak struck in January 2018, with buyers encouraged by upbeat China manufacturing surveys and hopes that China and the United States will agree a preliminary trade deal.

German DAX futures rose 0.21 per cent while FTSE futures inched up 0.13 per cent. MSCI's index of Asia-Pacific shares outside Japan was up 0.24 per cent, reclaiming some of its loss on Friday while Japan's Nikkei jumped 1.01 per cent.

BUZZING STOCK:: Trident Ltd zooms 5%


BROKERAGE RADAR | Motilal Oswal Financial Services (MOFSL) on Tata Motors

Over the last three years, JLR has suffered from an adverse product/market mix and higher capex, resulting in negative FCFF over FY18-20. JLR has been focused on cutting capex/cost, benefits of which have started to reflect now. Finally, the mix is normalizing with a recovery in LR and China. On the other hand, India business appears to have bottomed out in 2QFY20, although a full-blown recovery may be a few quarters away. Hence, we had recently upgraded the stock to Buy as it offers a favorable risk-reward. Our target price stands at nearly Rs 195.

BROKERAGE RADAR | Reliance Securities on ICICI Bank

Loan growth trends are healthy with domestic loan growth at 16% YoY as of 2QFY20, mainly driven by 22% YoY growth in retail portfolio. We have a BUY recommendation on the stock with a Target Price of Rs 570, implying a FY21 P/ABV of 3.1x. The stock currently trades at FY21E P/ABV of 2.8x.

TVS Motor total November sales down 16.7% at 2.66 lakh units vs 3.20 lakh units (YoY)


Nifty PSU Bank index trades lower


NEWS ALERT | Hero MotoCorp November total sales down 15.3% at 6.16 lakh units vs 6.10 lakh units (YoY)


Most active stocks by volume

COMPANY PRICE(rs) CHG(rs) CHG(%) VOLUME
VODAFONE IDEA 8.03 1.20 17.57 68871274
YES BANK 66.50 -1.80 -2.64 15516928
DISH TV 13.36 0.44 3.41 5170330
RELIANCE POWER 3.43 -0.18 -4.99 3556806
NCC 57.85 -1.60 -2.69 3509415
» More on Most Active Volume

BUZZING STOCK:: Escorts Ltd gains over 3%


Bharti Airtel, Voda Idea, MTNL: What tech charts say about telecom stocks

Shares of telecom services providers were in focus on Monday, a day after Bharti Airtel and Vodafone Idea announced a tariff hike in the range of 15 per cent and 40 per cent across different plans. The tariff hike by both companies will be applicable from December 3, 2019. Reliance Jio has also said it would be introducing new plans with unlimited voice and data which would be effective from December 6. READ MORE

Adani Transmission hits fresh all-time high; stock surges 30% in a week

Shares of Adani Transmission hit a fresh all-time high of Rs 341, up 10 per cent on the BSE on Monday in an otherwise range-bound market after the company announced buyback of non-convertible debentures (NCDs) worth Rs 135 crore. The stock surpassed its previous high of Rs 317, recorded on Friday in intra-day trade. In the past week, the stock has rallied 30 per cent as compared to 0.22 per cent decline in the S&P BSE Sensex. READ MORE

MARKET CHECK


Top losers on BSE at this hour


Indian economy crying for reforms. Will Modi reinvent himself and deliver?

It’s now official: The Indian economy is suffering through a major slowdown, and one that shows no immediate sign of easing.
 
The only surprise is that the estimate for growth in gross domestic product last quarter isn’t even lower than the announced 4.5 per cent. When the Narendra Modi-led government presented its first budget after being re-elected, it expected growth in 2019-20 to be around 7 per cent. A few months later, the Reserve Bank of India slashed that to 6.1 per cent. It is hard, now, to see how even that rate — relatively slow by India’s past standards — will be achieved. READ MORE

India leads earnings growth hope in EM pack despite economic slowdown

The earnings growth estimate for the domestic market is one of the highest in the emerging market (EM) pack despite the economy going through a sluggish phase. The consensus earnings per share (EPS) growth estimate in 2020 for the Indian market is 20.3 per cent, while the same for the EM pack is 14.1 per cent. In terms of weightage, India is the fourth biggest market in the MSCI EM index, behind China, South Korea, and Taiwan. READ MORE

Sectoral trend on NSE


Graphite India falls 7%


BROKERAGE RADAR | ICICI Securities on Timken India

With reasonable exposure towards railways, exports and distribution business, the company is likely to manage a revenue CAGR of 8.3 per cent in FY19-21E. This is against the backdrop wherein other companies in the bearing space are likely to see a muted performance. On the other hand, a reset of margins at a higher level (led by operational efficiencies) would also act as a hedge against negative operating leverage. We expect a PAT CAGR of 21.4 per cent in FY19-21E, which is among one of the best in our midcap capital goods coverage. We maintain BUY with a revised target price of Rs 1020/share.

S&P BSE MidCap underperforms


NEWS ALERT | OM Metals Infraprojects bags order worth Rs 240 cr; stock up 9%


Suven Life Sciences tumbles 20% as SUVN-502 misses target in phase-2 trial

Suven Life Sciences slumped 20 per cent to Rs 253 on the BSE on Monday after its key molecule SUVN-502 (Masupirdine), meant for treatment of Alzheimer, missed its pre-specified primary endpoint in proof of concept (PoC) phase two study. At 9:54, the stock had pared some losses and was trading 14 per cent lower at Rs 271 as compared to 0.36 per cent gain in the benchmark S&P BSE Sensex. READ MORE

Nov Auto Sales | Ashok Leyland reports 22% YoY decline in total sales


Jagran Prakashan surges 11% on share buyback proposal

Shares of Jagran Prakashan rallied 11 per cent to Rs 61 on the BSE on Monday after the company announced buyback plan. “The board of directors of the publishing company is scheduled to meet on Monday, December 09, 2019, to consider a proposal for buy-back of the fully paid-up equity shares of the company,” Jagran Prakashan. READ MORE

IT stocks under pressure

COMPANY LATEST(rs) CHG(rs) CHG(%)
INFIBEAM AVENUES 50.70 -0.40 -0.78
HCL TECHNOLOGIES 1125.95 -1.65 -0.15
TCS 2025.00 -27.70 -1.35
INFOSYS 692.55 -3.40 -0.49
FIRSTSOUR.SOLU. 41.10 -0.65 -1.56
» More

Record $2.4 trillion bond binge threatening to cool investors' hot returns

An unprecedented frenzy of debt sales around the world is threatening to cool this year’s hot returns on corporate bonds.
 
Companies have sold a record $2.44 trillion so far this year across currencies, surpassing previous full-year records.
 
Investors rushed to snap up all this debt because they were desperate for yield as central banks cut rates. That has pushed up valuations. READ MORE

Bajaj Finance cracks over 3%


Market check | Sensex erases gains


NEWS ALERT | China's PMI index rose to 51.8 in Nov: Reuters

-- China's factory activity unexpectedly expanded at the quickest pace in almost three years in November, with solid increases in output and new orders

-- The same was 51.7 in Oct

-- That marked the fastest expansion since December 2016, when it was 51.9

Telecom stocks rally on tariff hike; Bharti Airtel up 10%, RIL at new high

Shares of telecom services providers rallied up to 10 per cent on the BSE in the early morning deals on Monday on the back of tariff hike plan.
 
Among individual stocks, Bharti Airtel surged 10 per cent to Rs 486, also its fresh 52-week high on the BSE. Reliance Industries (RIL), the parent company of Reliance Jio, hit a new high of Rs 1,614, up 4 per cent, while Vodafone Idea (VIL) soared 24 per cent to Rs 8.44 on the BSE. READ MORE

NEWS ALERT | Raymond Lifestyle biz will not be required to pay any royalty to Raymond Ltd for its use of the brands: BSE filing.


IPO Alert | Ujjivan Small Finance Bank IPO opens today. Should you subscribe to it?

Analysts at Motilal Oswal Financial Services have given a ‘subscribe’ rating to the stock given the improving financials, good asset quality and healthy return ratios.
 
“The bank has a total gross loan book of nearly Rs 129 billion as on Q2FY20 with micro-financing forming 79.2 per cent of the total advances. The bank is deliberately planning to grow microfinance segment at 20-25 per cent vis-à-vis 30-35 per cent earlier, in order to de-risk its portfolio. It has also started focusing on the retail loan segment and thus built a decent Affordable Housing and MSE loans portfolio, constituting 9.4 per cent and 6.5 per cent of advances respectively. This has led to share of secured loans rise to 19.4 per cent in the portfolio but led to moderation in net interest margins (NIMs),” it said in its note. READ REPORT HERE

Nov Auto Sales | Bajaj Auto

-- Total sales down 1% YoY

-- Exports at 1.95 lakh units, up 14% YoY

-- Domestic Sales at 2.07 lakh units, down 12% YoY


BUZZING STOCK | Suven Life Sciences plunges 18%


YES Bank off opening highs


Reliance Industries gains 4%


Bharti Airtel zooms over 8%


Voda Idea surges 20%


Sectoral trends at NSE during Opening trade


Top gainers and losers on S&P BSE Sensex during Opening trade


Market at Open


Market at Open


Momentum picks by ICICI Securities


Bharti Airtel up 6% in pre-open


Rupee opening

Rupee opens weaker at 71.78/$ vs Friday's close of 71.74 against the US dollar

Nifty in pre-open


Market at pre-open


It's time to focus on mid- and small-caps

After NBFC (non-banking financial companies) defaults and corporate defaults, Mudra and Karvy could be the next stress points for the beleaguered economy, and for the booming stock market respectively. In July, the government said in Parliament that, out of the 190 million loans handed out under the Mudra scheme since 2015, about 36 million loans have gone bad. READ MORE

Commodity Picks

Tur
 
Tur prices are expected to turn lower due slow demand and impending harvest. Weather remains favourable and this will support pod formation. Tur prices in the Latur market are likely to decline from Rs 5,000 to Rs 4,900/ Rs 4,800 per quintal. READ MORE

Stocks to watch: YES Bank, DHFL, auto firms, Bharti Airtel, Vodafone Idea

YES Bank: The private sector lender has increased the size of its equity capital offer to $2 billion from the earlier guidance of $1.2 billion on “strong interest” shown by NRI investors, including a $1.2 billion offer by Erwin Singh Braich and SPGP Holdings, and $500 million by Citax Holdings and Citax Investment Group, according to the bank. 
 
Infra stocks: Shares of infrastructure companies may remain in focus today as the government plans to invest $1.39 trillion in infrastructure to spur economy.
 
Telecom stocks: Bharti Airtel and Vodafone Idea on Sunday announced a tariff hike in the range of 15 per cent and 40 per cent across different plans. The tariff hike by both companies will be applicable from December 3, 2019. READ MORE  


Stock picks by Angel Broking

NSE Code – UNION BANK
 
View – Bullish
 
Last Close – Rs. 63.05
 
Justification – After a prolonged underperformance, PSU Banks have revived from their lows in the last few weeks. It would be too early to expect this as an absolute bottom, but certainly looks like they are all set for a decent move in the near term at least. The daily chart exhibits a bullish reversal pattern breakout known as ‘Inverse Head and Shoulder’. The said breakout is supported with a good increase in volume and bullish candle stick pattern. In addition, momentum oscillators on the weekly chart have just come out of its oversold zone suggesting further potential up move in the near term. Thus, we recommend buying this stock at current levels for a target of Rs.75 over the next days. The stop loss should be fixed at Rs.56. READ MORE

 

Bulk deals on BSE as on Friday

Deal Date Security Code Security Name Client Name Deal Type * Quantity Price **
29/11/2019 532921 ADANIPORTS NEW WORLD FUND INC S 10,687,163 375.34
29/11/2019 539621 BCLENTERPR ARYADEEP INFRAHOMES PRIVATE LIMITED B 46,510 12.82
29/11/2019 533144 COX&KINGS IFCI LTD. S 900,000 2.00
29/11/2019 539032 FRASER RAVINDRA NATH MISHRA S 55,632 14.23
29/11/2019 530733 NOVAPUB SEKH GOLAMAHEMAD RAZA S 78,025 11.56
29/11/2019 541634 RAWEDGE NNM SECURITIES PVT LTD B 64,000 69.75
29/11/2019 541634 RAWEDGE NIKUNJ ANILKUMAR MITTAL S 64,000 69.75
29/11/2019 532092 SAGARPROD SANJIB CHAKRABORTY B 232,490 11.41
29/11/2019 532092 SAGARPROD SANJIB CHAKRABORTY S 10,000 11.26
29/11/2019 524324 SEYAIND BEACON TRUSTEESHIP LIMITED S 198,879 90.49
Click here for the full list

Bulk deals on NSE as on Friday

Date Symbol Security Name Client Name Buy / Sell Quantity Traded Trade Price /
Wght. Avg. 
Price
29-Nov-2019 AHLEAST Asian Hotels (East) Ltd ENNDEE STOCKS PRIVATE LIMITED BUY 84,441 178.01
29-Nov-2019 AHLEAST Asian Hotels (East) Ltd LIFE INSURANCE CORPORATION LTD SELL 84,500 178.01
29-Nov-2019 AMJUMBO A and M Jumbo Bags Ltd H & N ADVISORY SERVICES LLP SELL 96,000 12.70
29-Nov-2019 AMJUMBO A and M Jumbo Bags Ltd HARESHBHAI CHIMANBHAI CHAUHAN SELL 96,000 12.70
29-Nov-2019 AMJUMBO A and M Jumbo Bags Ltd KEVAN RIDDHESHBHAI BHANDARI BUY 1,04,000 12.70
29-Nov-2019 AMJUMBO A and M Jumbo Bags Ltd RIDDHESHKUMAR GIRISHBHAI BHANDARI BUY 1,04,000 12.70
29-Nov-2019 AMJUMBO A and M Jumbo Bags Ltd VIPULKUMAR PRAMODCHANDRA SHAH BUY 56,000 12.70
29-Nov-2019 COX&KINGS Cox & Kings Limited ALPHA LEON ENTERPRISES LLP BUY 16,36,078 1.88
29-Nov-2019 COX&KINGS Cox & Kings Limited ALPHA LEON ENTERPRISES LLP SELL 16,36,078 1.88
29-Nov-2019 COX&KINGS Cox & Kings Limited IFCI LTD. SELL 50,00,000 1.95
Click here for the full list

FII/FPI & DII trading activity on NSE, BSE and MSEI


Rupee check


Oil check

At 8:10 AM, Brent Crude Futures were at $61.33 a barrell, up 1.39 per cent.

SGX Nifty

At 8:05 AM, the Singaporean Exchange for Nifty Futures was trading 14 points lower at 12,087 levels.

Asian Markets check


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