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The company had earlier informed that the United States Food and Drug Administration (USFDA) has conducted a product specific PreApproval Inspection (PAI) at the Indore plant from 27 June 2022 to 1 July 2022.
Cipla is a global pharmaceutical company focused on agile and sustainable growth, complex generics, and deepening portfolio in our home markets of India, South Africa, North America, and key regulated and emerging markets.
The company's consolidated net profit slipped 4% to Rs 686.40 crore on 2.3% decline in total revenue from operations to Rs 5,375.19 crore in Q1 FY23 over Q1 FY22.
Shares of Cipla were up 0.74% to Rs 1,069.55 on the BSE.
Consequently, the issued, subscribed and paid-up share capital of the Company stands increased to Rs 1,61,40,03,206 comprising of 80,70,01,603 equity shares of face value Rs 2 each.
Cipla Ltd rose for a fifth straight session today. The stock is quoting at Rs 1062.35, up 0.6% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.34% on the day, quoting at 17859.1. The Sensex is at 59847.71, up 0.27%. Cipla Ltd has gained around 2.31% in last one month.
Meanwhile, Nifty Metal index of which Cipla Ltd is a constituent, has gained around 1.59% in last one month and is currently quoting at 12689.95, up 0.43% on the day. The volume in the stock stood at 6.1 lakh shares today, compared to the daily average of 13.37 lakh shares in last one month.
The benchmark September futures contract for the stock is quoting at Rs 1060.45, up 0.46% on the day. Cipla Ltd is up 11.77% in last one year as compared to a 2.9% jump in NIFTY and a 11.35% jump in the Nifty Metal index.
The PE of the stock is 29.13 based on TTM earnings ending June 22.
Cipla's Lenalidomide Capsules are AB-rated therapeutic equivalent generic version of Bristol Myers Squibb's (Celgene) Revlimid® (Lenalidomide) Capsules.
Lenalidomide is an immunomodulatory prescription drug which is indicated for several hematological malignancies in adults such as Multiple Myeloma, Myelodysplastic syndromes, Mantle cell lymphoma, Follicular lymphoma, and Marginal Zone lymphoma. Depending on the type of cancer, it can be used as monotherapy or combination as a part of first line regimen, maintenance regimen or relapsed settings.
Cipla's Lenalidomide capsules are AB-rated therapeutic equivalent generic version of Bristol Myers Squibb's (Celgene) Revlimid (Lenalidomide) capsules.
According to IQVIA (IMS Health), Revlimid (Lenalidomide) capsules had US sales of approximately $2.58 billion for the 12-month period ending June 2022. The pharma company said that the product will be available for shipping soon.
SGX Nifty:
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slide 67 points at the opening bell.
The Reserve Bank of India (RBI)'s six-member Monetary Policy Committee began on 28 September 2022. RBI Governor Shaktikanta Das will announce the MPC decision today, 30 September 2022, the last date of the meeting. The RBI is widely expected to maintain the balancing act between growth and inflation.
In the past three policy reviews, the RBI's rate-setting panel has raised 140 basis points in total since May this year. Currently, the repo rate, the interest rate at which the RBI lends to the commercial bank, stands at 5.40%.
Global markets:
Overseas, Asian stocks are trading lower on Friday, following another sell-off on Wall Street overnight.
China's official factory activity data unexpectedly expanded in August, beating estimates. China's official manufacturing Purchasing Managers' Index surprisingly grew in September to 50.1. The official non-manufacturing PMI came in at 50.6 in September, down from 52.6 in August.
Wall Street ended sharply lower on Thursday on worries that the US Federal Reserve's aggressive fight against inflation could hobble the US economy, and as investors fretted about a rout in global currency and debt markets.
Domestic markets:
Back home, the domestic equity benchmarks ended with minor cuts on Thursday, extending losses to the seventh trading day in a row. The barometer index, the S&P BSE Sensex, fell 188.32 points or 0.33% to 56409.96. The Nifty 50 index lost 40.50 points or 0.24% to 16818.10.
Foreign portfolio investors (FPIs) sold shares worth Rs 3,599.42 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 3,161.73 crore in the Indian equity market on 29 September, provisional data showed.
Trading could be volatile as traders roll over positions in the F&O segment from the near month September series to October series. The September 2022 F&O contracts will expire today, 29 September 2022.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could surge 146 points at the opening bell.
Meanwhile, the Reserve Bank of India (RBI)'s six-member Monetary Policy Committee began on 28 September 2022. RBI Governor Shaktikanta Das will announce the MPC decision on 30 September 2022, the last date of the meeting. The RBI is widely expected to maintain the balancing act between growth and inflation.
Overseas, Asian stocks are trading higher on Thursday following a rebound on Wall Street overnight.
US stocks staged a comeback on Wednesday as the Bank of England said it would intervene in the bond market to stabilize conditions.
The Bank of England said on Wednesday that it would buy as many long-dated government bonds as needed between now and October 14 to stabilise financial markets, and added that it would postpone next week's start of its gilt sale programme.
Back home, Indian equity market ended with steep losses on Wednesday, extending losses to the sixth trading day in a row. Global cues were weak amid persisted worries about aggressive policy tightening by the Fed and its impact on economic growth. The barometer index, the S&P BSE Sensex, declined 509.24 points or 0.89% to 56,598.28. The Nifty 50 index lost 148.80 points or 0.87% to 16,858.60.
Foreign portfolio investors (FPIs) sold shares worth Rs 2,772.49 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 2,544.17 crore in the Indian equity market on 28 September, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slump 182 points at the opening bell.
Meanwhile, the Reserve Bank of India (RBI)'s six-member Monetary Policy Committee meeting will begin today, 28 September 2022. RBI Governor Shaktikanta Das will announce the MPC decision on 30 September 2022, the last date of the meeting. The RBI is widely expected to maintain the balancing act between growth and inflation.
Overseas, Asian stocks are trading lower on Wednesday as surging borrowing costs fed fears of a global recession.
Consumer inflation excluding fresh food is likely to rise this year, but the rate of increase will slow thereafter on energy prices, minutes from Bank of Japan's July meeting said. A few members also said inflation, excluding fresh food and energy, is unlikely to reach 2% within its projection period.
Shaking investor confidence has been the collapse in sterling and UK bond prices, which could force some fund managers to sell other assets to cover resulting losses.
Global ratings agency Moody's has warned the British government that plans for unfunded tax cuts could lead to larger budget deficits and higher interest rates, threatening the country's credibility with investors. The agency said large unfunded tax cuts were "credit negative", leading to structurally higher deficits amid rising borrowing costs, a weaker growth outlook and acute public spending pressure.
U.S. stocks gave up early gains to fall deeper into a bear market on Tuesday as investors remained nervous about a potential global recession.
The Fed needs to raise interest rates by at least another percentage point this year, Chicago Fed President Charles Evans said on Tuesday.
Back home, the equity market extended losses to fifth day on Tuesday, ending marginally lower after a volatile session. The barometer index, the S&P BSE Sensex, declined 37.70 points or 0.07% to 57,107.52. The Nifty 50 index lost 8.90 points or 0.05% to 17,007.40.
Foreign portfolio investors (FPIs) sold shares worth Rs 2,823.96 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 3,504.76 crore in the Indian equity market on 27 September, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 67 points at the opening bell.
The Reserve Bank of India (RBI)'s six-member Monetary Policy Committee is scheduled to meet this week during 28-30 September 2022. RBI Governor Shaktikanta Das will announce the MPC decision on 30 September 2022, the last date of the meeting. The RBI is widely expected to maintain the balancing act between growth and inflation.
Overseas, Asian stocks are trading mixed on Tuesday after sharp falls on Monday. China's industrial profits for January to August fell 2.1% from the same period a year ago, official data showed.
Wall Street slid deeper into a bear market on Monday, with the S&P 500 and Dow closing lower as investors fretted that the Federal Reserve's aggressive campaign against inflation could throw the US economy into a sharp downturn.
The Bank of England on Monday said it is monitoring financial market developments “very closely” after a dramatic turmoil saw the British pound. The BOE governor said the central bank's monetary policy committee would make a “full assessment” at its next scheduled meeting in November, “and act accordingly.” “The MPC will not hesitate to change interest rates as necessary to return inflation to the 2% target sustainably in the medium term, in line with its” responsibility, he added.
Back home, equity barometers tanked on Monday, extending losses for the fourth trading session. The barometer index, the S&P BSE Sensex, dropped 953.70 points or 1.64% to 57,145.22. The Nifty 50 index tumbled 311.05 points or 1.80% to 17,016.30.
Foreign portfolio investors (FPIs) sold shares worth Rs 5,101.30 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 3,532.18 crore in the Indian equity market on 26 September, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slide 151 points at the opening bell.
The Reserve Bank of India (RBI)'s six-member Monetary Policy Committee is scheduled to meet next week during 28-30 September 2022. RBI Governor Shaktikanta Das will announce the MPC decision on 30 September 2022, the last date of the meeting. The RBI is widely expected to maintain the balancing act between growth and inflation.
Overseas, Asian stocks are trading sharply lower on Monday as negative sentiment continues to weigh in on markets.
Japan's factory activity growth hit a 20-month low in September. The au Jibun Bank Flash Japan Manufacturing Purchasing Managers' Index (PMI) slipped to a seasonally adjusted 51 in September from the prior month's final of 51.5.
US stocks tumbled on Friday as fears grew that a central bank prescription of raising interest rates to tame inflation will drag major economies into recession.
Back home, after a gap down opening, domestic benchmark indices declined further and closed with deep losses for the third consecutive session on Friday, 23 September 2022. Weak global cues impacted investor's sentiments. The barometer index, the S&P BSE Sensex, dropped 1020.80 points or 1.73% to 58,098.92. The Nifty 50 index tumbled 302.45 points or 1.72% to 17,327.35.
Foreign portfolio investors (FPIs) sold shares worth Rs 2,899.68 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 299.10 crore in the Indian equity market on 23 September, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slide 97 points at the opening bell.
Overseas, Asian stocks are trading lower on Friday as investors continue to weigh the Federal Reserve's aggressive stance. Japan markets were closed for a holiday Friday.
US stocks ended lower on Thursday, falling for a third straight session as investors reacted to the Federal Reserve's latest aggressive move to rein in inflation by selling growth stocks, including technology companies.
The US current account deficit narrowed sharply in the second quarter amid a surge in goods exports, data showed on Thursday. The Commerce Department said that the current account deficit, which measures the flow of goods, services and investments into and out of the country, contracted 11.1% to $251.1 billion last quarter. The current account gap represented 4% of gross domestic product, down from 4.6% in the January-March quarter.
The Bank of England raised its key interest rate to 2.25% from 1.75% on Thursday and said it would continue to "respond forcefully, as necessary" to inflation, despite the economy entering recession. The BoE's Monetary Policy Committee voted 5-4 to raise rates to 2.25%.
Back home, equity benchmarks declined for the second consecutive session on Thursday, tracking negative global cues. The barometer index, the S&P BSE Sensex, slipped 337.06 points or 0.57% to 59,119.72. The Nifty 50 index declined 88.55 points or 0.50% to 17,629.80.
Foreign portfolio investors (FPIs) sold shares worth Rs 2,509.55 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 263.07 crore in the Indian equity market on 22 September, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slide 145 points at the opening bell.
Overseas, Asian stocks are trading lower on Thursday after the U.S. Federal Reserve raised interest rates and signaled further hikes ahead. Australia's market is closed for a holiday.
Japan's central bank is expected to hold interest rates at ultra-low levels and maintain its yield curve control policy as its meeting concludes Thursday.
Wall Street's main indexes dropped on Wednesday, as investors digested another supersized Federal Reserve hike and its commitment to keep up increases into 2023 to fight inflation.
The Federal Reserve raised benchmark interest rates by another three-quarters of a percentage point and indicated it will keep hiking well above the current level. That takes the bank's benchmark overnight rate target range to 3-3.25%.
Federal Reserve Chair Jerome Powell vowed on Wednesday that he and his fellow policymakers would "keep at" their battle to beat down inflation.
Back home, domestic equity barometers ended a volatile session with modest losses on Wednesday, snapping a two-day rising streak. The barometer index, the S&P BSE Sensex, declined 262.96 points or 0.44% to 59,456.78. The Nifty 50 index declined 97.90 points or 0.55% to 17,718.35.
Foreign portfolio investors (FPIs) sold shares worth Rs 461.04 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 538.53 crore in the Indian equity market on 21 September, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 73 points at the opening bell.
Overseas, Asian stocks are trading lower Wednesday, following Wall Street's negative lead ahead of the Federal Reserve's expected rate hike.
The Asian Development Bank (ADB) on Wednesday cut its growth forecasts for developing Asia for 2022 and 2023 amid mounting risks from increased central bank monetary tightening, the fallout from the war in Ukraine and Covid-19 lockdowns in China.
The ADB now expects the area's combined economy, which includes China and India, to grow 4.3% this year, after previously trimming the forecast to 4.6% in July from 5.2% in April. For 2023, the ADB expects the region's economy to expand 4.9%, slower than the April and July forecasts of 5.3% and 5.2%, respectively, it said in the September edition of its flagship Asian Development Outlook report.
Wall Street ended Tuesday lower as the eve of a US Federal Reserve meeting expected to bring another large interest rate hike brought further evidence of the impact on corporate America from the inflation that the US central bank wants to tame.
The Federal Open Market Committee (FOMC), the US Federal Reserve's policy-setting committee, began its two-day meeting yesterday. The outcome of the FOMC meeting is critical as it includes projections, which could set the path of monetary policy for the next few months. Traders are anticipating another sharp rate hike, third consecutive, from the US central bank to tame the rising inflation.
Back home, equity barometers rallied on Tuesday, tracking positive Asian cues. The barometer index, the S&P BSE Sensex, rose 578.51 points or 0.98% to 59,719.74. The Nifty 50 index added 194 points or 1.10% to 17,816.25.
Foreign portfolio investors (FPIs) bought shares worth Rs 1,196.19 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 131.94 crore in the Indian equity market on 20 September, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 153 points at the opening bell.
Overseas, Asian stocks are trading higher Tuesday as Japan's inflation accelerated and China kept its loan prime rate on hold.
Core consumer prices in Japan rose 2.8% in August from a year ago, government data showed. That's the fastest growth in nearly eight years, and the fifth consecutive month where inflation has exceeded the central bank's target of 2%.
The People's Bank of China kept its one-year and five-year loan prime rates (LPR) unchanged, in line with predictions. The one-year loan prime rate remains at 3.65%, and the five-year rate closely tied to home mortgages stands at 4.3%.
US stocks ended higher on Monday, as investors turned their attention to this week's policy meeting at the Federal Reserve and how aggressively it will hike interest rates.
Investors prepared for an important week, lined up with 13 central bank meetings, with expectations of interest rates rising globally and an ultra-hawkish monetary tightening by the US Fed's meeting on Wednesday, followed by the Bank of Japan and Bank of England on the next day.
Traders are anticipating another sharp rate hike, third consecutive, from the US central bank to tame the rising inflation. The Bank of Japan is expected to keep rates on hold at ultra-low levels, as per reports.
Back home, the key equity barometers ended with modest gains on Monday. The barometer index, the S&P BSE Sensex, rose 300.44 points or 0.51% to 59,141.23. The Nifty 50 index added 91.40 points or 0.52% to 17,622.25.
Foreign portfolio investors (FPIs) bought shares worth Rs 312.31 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 94.68 crore in the Indian equity market on 20 September, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 5 points at the opening bell.
Overseas, Asian stocks are trading mixed on Monday ahead of major central bank meetings this week. Japan's market was closed for a holiday Monday.
Later this week, the US Federal Reserve and the Bank of Japan will be announcing their interest rate decisions. Traders are anticipating another sharp rate hike, third consecutive, from the US central bank to tame the rising inflation. The Bank of Japan is expected to keep rates on hold at ultra-low levels, as per reports.
US stocks ended in the red on Friday, falling to two-month lows as a warning of impending global slowdown from FedEx hastened investors' flight to safety at the conclusion of a tumultuous week.
Back home, equity benchmarks tanked on Friday, tracking dismal global cues. Sentiment was marred by growing expectations of hawkish moves by the Federal Reserve and fears of a global recession. The barometer index, the S&P BSE Sensex, slumped 1,093.22 points or 1.82% to 58,840.79. The Nifty 50 index crashed 346.55 points or 1.94% to 17,530.85.
Foreign portfolio investors (FPIs) sold shares worth Rs 3,260.05 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 36.57 crore in the Indian equity market on 16 September, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 103.50 points at the opening bell.
Global Markets:
The US Dow Jones index futures were down 163 points, indicating a negative opening in the US stocks today.
Asian shares declined on Friday as investors digest U.S. economic data and China's industrial production and retail sales figures for August.
US stocks declined overnight as traders absorbed an ugly earnings warning from FedEx. Dow dropped 173 points, or 0.56%, for its lowest close since July 14. The Nasdaq Composite slid 1.43%, while the S&P 500 fell 1.13%.
Shares of FedEx plunged 15% in extended trading after the shipments company withdrew its full-year guidance, and said it will implement cost-cutting initiatives to contend with soft global shipment volumes as "macroeconomic trends significantly worsened."
Domestic Equity Market:
Indian equities retreated from early highs to end with deep losses on Thursday, declining for the second consecutive day. The Sensex and the Nifty lost about 0.7% each as a lack of fresh triggers and subdued global cues weighed on the sentiment. The mid-cap space, however, showed some resilience. Trading was volatile due to the expiry of weekly index options on the NSE Thursday. The barometer index, the S&P BSE Sensex, declined 412.96 points or 0.68% to 59,934.01. The Nifty 50 index declined 126.35 points or 0.70% to 17,877.40.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,270.68 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 928.86 crore in the Indian equity market on 15 September 2022, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 52.50 points at the opening bell.
The US Dow Jones index futures were up 47 points, indicating a flat to positive opening in the US stocks today.
Asian shares rose on Thursday after Wednesday's negative session. In China, the central bank kept its one-year medium-term lending facility (MLF) unchanged at 2.75%.
US indices ended a choppy session on a modestly higher note. The Dow closed slightly higher, by 30 points, after falling more than 200 points at one point. The S&P 500 rose 0.3%, and the Nasdaq Composite advanced 0.7%.
US Inflation rose more than expected in August as rising shelter and food costs offset a drop in gas prices, the Bureau of Labor Statistics reported Tuesday. The consumer price index, which tracks a broad swath of goods and services, increased 0.1% for the month and 8.3% over the past year. Excluding volatile food and energy costs, CPI rose 0.6% from July and 6.3% from the same month in 2021.
The key equity indices ended a volatile session with minor losses on Wednesday, snapping a four-day rising streak. The Nifty managed to close above the 18,000 mark after hitting the day's low of 17,771.15 in the early trade. Domestic shares opened with deep losses today amid dismal global cues. The barometer index, the S&P BSE Sensex slipped 224.11 points or 0.37% to 60,346.97. The Nifty 50 index declined 66.30 points or 0.37% to 18,003.75. The Sensex climbed 2.61% while the Nifty gained 2.53% in the past four trading sessions.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,397.51 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 187.58 crore in the Indian equity market on 14 September 2022, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slump 318 points at the opening bell.
Overseas, Asian stocks are trading with sharp losses on Wednesday as a white-hot US inflation report dashed hopes for a peak in inflation and fuelled bets that interest rates may have to be raised higher and for longer.
US stocks fell sharply on Tuesday after a key August inflation report came in hotter than expected, hurting investor optimism for cooling prices and a less aggressive Federal Reserve. The report is one of the last the Fed will see ahead of their September 20-21 meeting, where the central bank is expected to deliver its third consecutive 0.75 percentage point interest rate hike to tamp down inflation.
The Dow Jones Industrial Average slid 1,276.37 points, or 3.94%, to close at 31,104.97. The S&P 500 dropped 4.32% to 3,932.69, and the Nasdaq Composite sank 5.16% to end the day at 11,633.57.
Meanwhile, the shareholders of social media giant Twitter on 13 September 2022 approved the $44 billion acquisition deal which was inked by the company with billionaire tycoon Elon Musk. The nod from shareholders comes ahead of the trial next month over whether the $44 billion deal should be completed. The courtroom battle is scheduled to begin on 17 October 2022.
On the macro front, US consumer prices unexpectedly rose in August and underlying inflation accelerated amid rising costs for rents and healthcare. The consumer price index edged up 0.1 percent last month after being unchanged in July. In the 12 months through August, the CPI increased 8.3%. That was a deceleration from July's 8.5% rise and a 9.1% jump in June.
Back home, domestic equities cruised higher on Tuesday amid improving risk sentiments. Positive global cues, strong portfolio inflows and stable crude oil prices aided the upmove in domestic shares. The barometer index, the S&P BSE Sensex, rose 455.95 points or 0.76% to 60,571.08. The Nifty 50 index gained 133.70 points or 0.75% to 18,070.05.
Foreign portfolio investors (FPIs) bought shares worth Rs 1,956.98 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 1,268.43 crore in the Indian equity market on 13 September, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 98 points at the opening bell.
Overseas, Asian stocks are trading higher on Tuesday as investors look ahead to the U.S. inflation report for the month of August. Headline inflation in the U.S. is expected to decline in August, as per reports. But core inflation, excluding energy and food, is projected to rise.
Wall Street equity indexes closed higher on Monday boosted by weaker dollar and growing confidence that higher prices have peaked.
Global markets are gearing up for the latest reading of U.S. inflation, with the August data set to be released Tuesday. The report is one of the last pieces of data on inflation the U.S. Federal Reserve will see ahead of its September meeting, where the central bank is expected to deliver its third consecutive 0.75 percentage point rate hike in an effort to combat high inflation.
Back home, the market settled with strong gains on Monday, tracking firm global market cues. The barometer index, the S&P BSE Sensex, was rose 321.99 points or 0.54% to 60,115.13. The Nifty 50 index gained 103 points or 0.58% to 17,936.35.
Foreign portfolio investors (FPIs) bought shares worth Rs 2,049.65 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 890.51 crore in the Indian equity market on 12 September, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 9 points at the opening bell.
Overseas, Asian stocks are trading higher on Monday on improved risk sentiment. Mainland China, Hong Kong and South Korea markets are closed for a holiday.
US stocks rallied on Friday as investors went on a buying spree, shrugging off concerns about the economic outlook.
The U.S. is set to release its consumer price index for August on Tuesday. The report is one of the last pieces of data on inflation the Fed will see ahead of its September meeting. Retail sales and industrial production reports will be released Thursday.
Back home, the headline equity indices ended with decent gains after a volatile session on Friday. The barometer index, the S&P BSE Sensex, rose 104.92 points or 0.18% to 59,793.14. The Nifty 50 index gained 34.60 points or 0.19% to 17,833.35.
Foreign portfolio investors (FPIs) bought shares worth Rs 2,132.42 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 1,167.56 crore in the Indian equity market on 9 September, provisional data showed.