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Adani Green Energy Ltd fell 1.82% today to trade at Rs 2004. The S&P BSE Utilities index is down 0.52% to quote at 3760.86. The index is down 3.19 % over last one month. Among the other constituents of the index, Adani Transmission Ltd decreased 1.3% and Power Grid Corporation of India Ltd lost 0.95% on the day. The S&P BSE Utilities index went up 19.68 % over last one year compared to the 5.86% surge in benchmark SENSEX.
Adani Green Energy Ltd has lost 3.67% over last one month compared to 3.19% fall in S&P BSE Utilities index and 4.53% rise in the SENSEX. On the BSE, 5318 shares were traded in the counter so far compared with average daily volumes of 49040 shares in the past one month. The stock hit a record high of Rs 3048 on 19 Apr 2022. The stock hit a 52-week low of Rs 1242.55 on 01 Dec 2021.
Consolidated profit before tax added 2.3% to Rs 4,059.72 crore in the quarter ended 30 September 2022 as against Rs 3,968.30 crore reported in the same period last year.
Total expenses jumped 15.94% year on year to Rs 7,229.40 crore in Q2 FY23. Finance costs was at Rs 2,187.37 crore (up 16.07% YoY) while employee benefits expense stood at Rs 657.59 crore (up 23.24% YoY).
The company's revenue from Transmission stood at Rs 10,920.50 crore (up 8.62% YoY), revenue from Consultancy was at Rs 141.18 crore (down 25.61% YoY) and revenue from Telecom stood at Rs 205.01 crore (up 7.36% YoY) in Q2 FY23.
On the margins front, the PSU company's operating margin declined to 88% in Q2 FY23 as against 91% reported in Q2 FY22. Net profit margin was constant at 33% in Q2 FY23 as compared to Q2 FY22.
Meanwhile, the company's board has approved the payment of interim dividend of Rs 5 per equity share for the financial year 2022-23. The dividend shall be paid to the members on 30 November 2022.
Power Grid Corporation of India has been established by the Government of India (GoI) as the central transmission utility of India. As of 30 September 2022, the Government of India owned a 51.34% stake in the company.
Shares of Power Grid Corporation of India shed 0.83% to close at Rs 226.15 on Friday, 4 November 2022.
SGX Nifty:
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 90.50 points at the opening bell.
On the macro front, India's gross domestic product (GDP) grew at 6.3% year-on-year (YoY) in the second quarter (Q2) of the current financial year (Q2FY23), latest data released by the the Ministry of Statistics and Programme Implementation on Wednesday stated. The nominal growth rate was 16.2 per cent year-on-year.
Global markets:
Overseas, Asian stocks are trading higher, carrying on the optimism behind Wall Street's rally as Federal Reserve Chair Jerome Powell confirmed smaller rate hikes could start in December.
The Caixin/Markit Manufacturing Purchasing Managers' Index for China came in at 49.4, higher than expectations. The reading marks a fourth consecutive month of contraction, after a reading of 49.2 from October and dipping to 48.1 in September.
South Korea's revised gross domestic product for the third quarter confirmed growth of 3.1% compared to the same period a year ago – higher than a 2.9% expansion seen in the second quarter. The economy saw slower quarterly growth of 0.3% in the third quarter, following a growth of 0.7% in the previous period.
Wall Street ended sharply higher on Wednesday after Federal Reserve Chair Jerome Powell said the central bank might scale back the pace of its interest rate hikes as soon as December.
Federal Reserve Chair Jerome Powell on Wednesday said it was time to slow the pace of coming interest rate hikes while also signaling a protracted economic adjustment to a world where borrowing costs will remain high, inflation comes down slowly and the United States remains chronically short of workers.
Domestic markets:
Back home, the domestic equity benchmarks ended at record closing levels with strong gains on Wednesday, rising for the seventh trading session. The S&P BSE Sensex jumped 417.81 points or 0.67% to 63,099.65. The Nifty 50 index gained 140.30 points or 0.75% to 18,758.35.
Foreign portfolio investors (FPIs) bought shares worth Rs 9,010.41 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 4,056.40 crore in the Indian equity market on 30 November, 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 Wednesday. Chinese health officials on Tuesday announced measures to boost vaccination among the elderly, as per reports.
U.S. stocks edged lower Tuesday with investors continuing to monitor China's COVID policy and look ahead for Federal Reserve Chair Jerome Powell's scheduled speech.
Federal Reserve Chair Jerome Powell will speak at the Brookings Institution about the outlook for the U.S. economy and the labor market on Wednesday.
On the macro front, the Conference Board's Consumer Confidence Index, the latest indicator of the strength of the U.S. economy, fell to 100.2 in November from a revised 102.2 reading in October.
Back home, the equity benchmarks ended with decent gains on Tuesday, rising for the sixth trading session. The barometer index, the S&P BSE Sensex, added 177.04 points or 0.28% to 62,681.84. The Nifty 50 index gained 55.30 points or 0.30% to 18,618.05.
Foreign portfolio investors (FPIs) bought shares worth Rs 1,241.57 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 744.42 crore in the Indian equity market on 29 November, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 63 points at the opening bell.
Overseas, Asian stocks are trading mixed on Tuesday despite an overnight fall in US stocks.
US stocks settled sharply lower on Monday as investors sold off amid mounting concerns over supply chain disruptions amid Covid-related protests in China.
St. Louis Fed President James Bullard said Monday that the Fed should continue to raise its benchmark interest rate in the coming months and that the market may be underestimating the chance that the Fed has to get more aggressive.
Back home, domestic shares settled with decent gains on Monday, rising for the fifth straight session. The Sensex and the Nifty hit record high levels amid falling crude oil and U.S. dollar index. The barometer index, the S&P BSE Sensex, advanced 211.16 points or 0.34% to 62,504.80. The Nifty 50 index added 50 points or 0.27% to 18,562.75, its record closing high.
Foreign portfolio investors (FPIs) bought shares worth Rs 935.88 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 87.93 crore in the Indian equity market on 28 November, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 83 points at the opening bell.
Overseas, Asian stocks are trading lower on Monday amid unrest in China over its continued zero-Covid policy.
Fears about a Covid-led dent to China's economic growth weighed on sentiment in the world's second-largest economy after demonstrators and police clashed in Shanghai on Sunday. Thousands of protesters in major Chinese cities, including Shanghai, called for President Xi Jinping to resign. The unprecedented protests were spurred by frustration with China's strict lockdowns as part of its “zero-COVID” policy.
Over the weekend, the People's Bank of China announced it would cut the reserve requirement ratio for banks by 25 basis points to 7.8% and inject around 500 billion yuan in long-term liquidity. The National Bureau of Statistics said industrial profits for the first 10 months of the year fell 3% from the same period in 2021.
U.S. stocks ended mixed in a shortened trading session Friday, with markets subdued following Thursday's Thanksgiving holiday.
Black Friday sales kicked off against the backdrop of high inflation and cooling economic growth. US shoppers reportedly spent a record $9.12 billion online this Black Friday, as consumers weathered the squeeze from high inflation and grabbed steep discounts on everything from smartphones to toys.
Back home, the key equity indices ended with small gains on Friday, rising for the fourth trading session. Gains were restricted due to negative Asian cues. The barometer index, the S&P BSE Sensex, rose 20.96 points or 0.03% to 62,293.64. The Nifty 50 index added 28.65 points or 0.16% to 18,512.75.
Foreign portfolio investors (FPIs) bought shares worth Rs 369.08 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 295.92 crore in the Indian equity market on 25 November, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 42 points at the opening bell.
Overseas, Asian markets were trading marginally lower on Friday amid concerns over rising Covid cases in China and inflation in Japan.
Markets in the US were closed for the Thanksgiving holiday on Thursday and will close early on Friday.
Inflation in the euro area will hover around its current level over the next few months before starting to decline at some point during the first half of 2023, European Central Bank Vice President Luis de Guindos said on Thursday. Speaking at a financial event in Milan, de Guindos said inflation was likely at its peak or anyway close to it.
Back home, domestic equity benchmarks extended the winning streak for the third consecutive session on Thursday, amid firm global cues backed by dovish US Federal Reserve minutes. The barometer index, the S&P BSE Sensex, jumped 762.10 points or 1.24% to 62,272.68. The Nifty 50 index gained 216.85 points or 1.19% to 18,484.10.
Foreign portfolio investors (FPIs) bought shares worth Rs 1,231.98 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 235.66 crore in the Indian equity market on 24 November, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 86 points at the opening bell.
Trading could be volatile as traders roll over positions in the F&O segment from the near month November series to December series. The November 2022 F&O contracts will expire today, 24 November 2022.
Overseas, Asian stocks are trading higher on Thursday as the U.S. Federal Reserve said they expect to switch to smaller rate hikes “soon,” according to minutes released on Wednesday.
The Bank of Korea raised its benchmark interest rate by 25 basis points to 3.25%, a smaller hike than its previous move and widely in line with expectations.
US markets are closed on Thursday for the Thanksgiving holiday and will close early on Friday. Stocks rose Wednesday and notched the second straight day of gains as investors cheered minutes from the Federal Reserve that signaled a slower pace of interest rate hikes ahead.
The report showed that the central bank sees progress in its fight to lower inflation and expects to slow the pace of interest rate hikes going forward. “A substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate,” the minutes stated. “The uncertain lags and magnitudes associated with the effects of monetary policy actions on economic activity and inflation were among the reasons cited regarding why such an assessment was important.”
Back home, the headline equity indices ended with small gains on Wednesday. The barometer index, the S&P BSE Sensex, rose 91.62 points or 0.15% to 61,510.58. The Nifty 50 index added 23.05 points or 0.13% to 18,267.25.
Foreign portfolio investors (FPIs) sold shares worth Rs 789.86 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 413.75 crore in the Indian equity market on 23 November, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 64 points at the opening bell.
India, with a growth rate of 6.6% in this financial year, is among the fastest growing economies in Asia amid a global slowdown triggered by a massive energy shock due to the ongoing Russia-Ukraine conflict, the Organisation for Economic Cooperation and Development (OECD) said on Tuesday.
The Paris-based intergovernmental body that focuses on economic policy reports in its latest Economic Outlook said that the GDP growth in the country will slow to 5.7% in FY 2023-24 as exports and domestic demand growth moderate, but it would mean it would still be growing more than many other G20 economies including China and Saudi Arabia.
Overseas, Asian stocks are trading higher on Wednesday after US stocks rose overnight. Japanese markets are closed for a public holiday.
Meanwhile, New Zealand's central bank delivered a 75 basis point hike, matching expectations, and the biggest rate hike ever in the central bank's history.
US stocks rallied on Tuesday as Wall Street bet that interest rate hikes and inflation will ease heading into the end of the year. The stock market will be closed on Thursday for the Thanksgiving holiday and will close early on Friday.
Back home, the domestic equity benchmarks settled with modest gains on Tuesday, snapping a three day losing streak. The S&P BSE Sensex, gained 274.12 points or 0.45% to 61,418.96. The Nifty 50 index added 84.25 points or 0.46% to 18,244.20.
Foreign portfolio investors (FPIs) sold shares worth Rs 697.83 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 636.39 crore in the Indian equity market on 22 November, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 41 points at the opening bell.
Global Markets:
The US Dow Jones index futures were up 28 points, indicating a positive opening in the US stocks today.
Asian shares were mixed on Tuesday as concerns over China's COVID flare ups and hawkish US Fed commentary.
US stocks fell Monday in a volatile session to start a short trading week due to the Thanksgiving holiday. Fears that China may again ramp up Covid restrictions after reporting deaths from the virus weighed on markets. Traders also looked for further signals from the Federal Reserve about future interest rate hikes. The S&P 500 shed 0.39% to 3,949.94 and the Nasdaq Composite fell 1.09% to end the day at 11,024.51. The Dow Jones Industrial Average fell 45.41 points, or 0.13%, to 33,700.28, though losses on the index were mitigated by a jump in Disney shares, which surged more than 6%.
San Francisco Federal Reserve President Mary Daly said on Monday that there was more work to be done in order to tighten monetary policy and cool inflation, and that the real-world impact of recent rate hikes will probably be greater than what the short-term target rate implies.
Cleveland Fed President Loretta Mester said she supports a smaller rate hike in December, which is in line with market expectations for a 50 basis point bps hike.
Domestic Equity Market:
The domestic equity benchmarks declined for the third straight session on Monday, 21 November 2022. Fears of tighter monetary policy in the US and rising COVID-19 cases in China weighed on sentiment. The barometer index, the S&P BSE Sensex, was down 518.64 points or 0.84% to 61,144.84. The Nifty 50 index lost 147.70 points or 0.81% to 18,159.95. Both the indices fell about 1.35% in three consecutive sessions.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,593.83 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,262.91 crore in the Indian equity market on 21 November 2022, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slide 96 points at the opening bell.
Overseas, Asian stocks traded mostly lower on Monday as China's central bank kept its benchmark lending rates on hold - in line with expectations.
China left its benchmark lending rate unchanged for a third month in a row, according to an announcement from the People's Bank of China. The one-year loan prime rate is steady at 3.65%, and the five-year rate is also on hold at 4.3%, the notice said.
Japan's core consumer inflation accelerated to a 40-year high in October. The nationwide core consumer price index (CPI) was up 3.6% on a year earlier, exceeding the 3% gain seen in September.
US stocks ended higher on Friday in a choppy trading session, as gains in defensive shares overshadowed energy declines, and investors shrugged off hawkish comments from Federal Reserve officials about interest rate hikes.
Federal Reserve Bank of Boston leader Susan Collins said that, with little evidence price pressures are waning, the Fed may need to deliver another 75-basis point rate hike as it seeks to get inflation under control.
In U.S. economic data, the National Association of Realtors said Friday that existing-home sales fell 5.9% in October, slumping for a ninth straight month. That's down 28.4% from a year earlier.
Meanwhile, the U.S. leading economic index fell 0.8% in October, an eighth straight monthly decline, according to a Conference Board report Friday.
Back home, the domestic equity benchmarks pared most of their intraday losses but still ended lower on Friday. The S&P BSE Sensex, was down 87.12 points or 0.14% to 61,663.48. The Nifty 50 index lost 36.25 points or 0.20% to 18,307.65.
Foreign portfolio investors (FPIs) sold shares worth Rs 751.20 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 890.45 crore in the Indian equity market on 18 November, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 53 points at the opening bell.
Overseas, Asian stocks are trading higher with the biggest gains posted by technology stocks as investors looked past warnings by Federal Reserve officials of higher interest rates to fight inflation.
Japan's core consumer price index for October rose 3.6% compared to a year ago, higher than expected and at the fastest pace in 40 years.
Wall Street's main indices ended modestly lower on Thursday as hawkish comments from a US Federal Reserve official and data showing the labor market remained tight led some investors to worry about more aggressive interest rate hikes.
St. Louis Fed President James Bullard said policymakers should increase interest rates to at least 5% to 5.25% to curb inflation. He also warned of further financial stress ahead.
The number of Americans filing new claims for unemployment benefits fell last week. Initial claims for state unemployment benefits dropped 4,000 to a seasonally adjusted 222,000 for the week ended November 12, the Labor Department said on Thursday.
Back home, the headline equity indices ended with modest losses after a volatile session on Thursday. Global cues were negative amid geopolitical tensions in Poland. The barometer index, the S&P BSE Sensex, was down 230.12 points or 0.37% to 61,750.60. The Nifty 50 index lost 65.75 points or 0.36% to 18,343.90.
Foreign portfolio investors (FPIs) bought shares worth Rs 618.37 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 449.22 crore in the Indian equity market on 17 November, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slide 71 points at the opening bell.
Overseas, most Asian stocks are trading lower as investors tried to assess the outlook for Federal Reserve policy following stronger-than-expected retail sales data.
US stocks fell on Wednesday after stronger-than-expected U.S. retail sales clouded the inflation outlook and hopes that the Federal Reserve could ease its aggressive interest rate hikes.
Retail sales jumped 1.3% in October to $694.5 billion, led by higher gas prices and auto sales. Sales were up 0.9% when excluding gas and auto sales. The data showed the ongoing resilience of the consumer despite elevated inflation and higher interest rates.
Republicans will take majority control of the House, as per reports, ousting Democrats from key positions of power and complicating President Joe Biden's legislative hopes for the remainder of his term.
Back home, the Indian equity benchmarks bounced off early lows and settled higher on Wednesday. The barometer index, the S&P BSE Sensex, advanced 107.73 points or 0.17% to 61,980.72, its record closing high. The Nifty 50 index added 6.25 points or 0.03% to 18,409.65.
Foreign portfolio investors (FPIs) sold shares worth Rs 386.06 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,437.40 crore in the Indian equity market on 16 November, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 30 points at the opening bell.
Overseas, Asian stocks are trading lower on Wednesday as world leaders gathered in Bali, Indonesia for a second day of the Group of 20 summit.
Meanwhile, two people were reportedly killed after a Russian-made missile fell inside Poland, the country's foreign ministry said early Wednesday. The ministry said Russia was carrying out a lengthy attack on Ukrainian infrastructure when the missile struck the village of Przewodów, killing two Polish citizens.
U.S. equities were higher at the close on Tuesday, as gains in the Technology, Consumer Services and Oil & Gas sectors propelled shares higher.
U.S. producer price inflation fell to its lowest in over a year in October. The producer price index rose 0.2% in October. On a year-over-year basis, PPI rose 8% compared to an 8.4% increase in September.
Back home, the domestic equity benchmarks settled with strong gains on Tuesday, as autos and banks shares climbed. Easing inflation and falling crude oil prices boosted demand for equities. The barometer index, the S&P BSE Sensex gained 248.84 points or 0.40% to 61,872.99. The Nifty 50 index added 74.25 points or 0.41% to 18,403.40.
Foreign portfolio investors (FPIs) sold shares worth Rs 221.32 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 549.28 crore in the Indian equity market on 15 November, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 55 points at the opening bell.
On the macro front, India's retail inflation, which is measured by the Consumer Price Index (CPI), fell to a three-month low of 6.77% in October, down from 7.41% in September. The overall food inflation, which accounts for nearly half the CPI basket, came in at 7.01% in October as against 8.60% in the preceding month.
Overseas, Asian stocks are mostly trading higher on Tuesday as investors weighed China's economic outlook and the Federal Reserve's interest-rate path.
China's industrial production grew 5% in the month of October compared with a year ago, slowing from an increase of 6.3% seen in September. Separately, retail sales in China fell 0.5% in October from a year ago, missing expectations.
The Reserve Bank of Australia hinted at further and possibly larger interest hikes ahead in its efforts to tame inflationary pressures, according to the minutes released from its latest meeting. “The Board agreed on the importance of returning inflation to target and expects to increase interest rates further over the period ahead,” it said in the release.
Japan's economy unexpectedly contracted in the third quarter from a year ago, official preliminary estimates showed. Gross domestic product shrank 1.2% in the July-to-September quarter compared with the same period last year.
Meanwhile, U.S. President Joe Biden said there “need not be a new Cold War” between the U.S. and China, following a three-hour summit meeting with Chinese President Xi Jinping in Indonesia. Biden also said, “I don't think there's any imminent attempt by China to invade Taiwan,” despite escalating rhetoric and aggressive military moves by the People's Republic of China in the Taiwan Straits. Biden and his counterpart held the much-anticipated meeting on the sidelines of the G-20 summit of economically developed nations in Bali.
US stocks fell on Monday, losing steam after a blistering rally last week as investors digested messaging from Federal Reserve officials on the path of monetary policy. Investors waiting on earnings reports from prominent retailers this week including Walmart and Target.
Back home, the key equity benchmarks ended with modest losses on Monday, triggered by weakness in other Asian markets. However, India's better-than-expected WPI inflation number boosted investors sentiment. The barometer index, the S&P BSE Sensex, fell 170.89 points or 0.28% to 61,624.15. The Nifty 50 index lost 20.55 points or 0.11% to 18,329.15.
Foreign portfolio investors (FPIs) bought shares worth Rs 1,089.41 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 47.18 crore in the Indian equity market on 14 November, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 19 points at the opening bell.
On the macro front, India's industrial growth, as per the Index of Industrial Production (IIP), rose to 3.1% in September, data released on Friday showed. The growth was primarily owing to a rise in manufacturing and mining outputs. The IIP had grown 4.4% in September 2021.
According to the government data, the output of the manufacturing sector rose 1.8% in September 2022 as against an 4.3% growth recorded in the year-ago period, as per latest data from the National Statistical Office (NSO).
Overseas, Asian stocks are trading mixed on Monday as a top U.S. central banker warned investors against getting carried away over one inflation number.
US stocks ended sharply higher on Friday amid continued optimism over cooler-than-expected US inflation print.
Meanwhile, U.S. President Joe Biden will meet Chinese leader Xi Jinping in person on Monday for the first time since taking office, with U.S. concerns over Taiwan, Russia's war in Ukraine and North Korea's nuclear ambitions on top of his agenda.
Back home, the headline equity indices ended with stellar gains on Friday, mirroring strong global cues. The barometer index, the S&P BSE Sensex, surged 1,181.34 points or 1.95% to 61,795.04. The Nifty 50 index gained 321.50 points or 1.78% to 18,349.70.
Foreign portfolio investors (FPIs) bought shares worth Rs 3,958.23 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 3,958.23 crore in the Indian equity market on 11 November, provisional data showed.
The market is geared for strong rally in early trade on upbeat global cues. On the macro front, the Industrial Production and Manufacturing Production data for September will be released today, 11 November 2022. Among stocks, Hindalco Industries, Mahindra & Mahindra, Life Insurance Corporation of India, Sun TV Network, Zee Entertainment Enterprises will declare their results today, 11 November 2022.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could jump 323 points at the opening bell.
Overseas, Asian stocks are trading higher after the release of U.S. inflation data in October raised investor hopes that inflation has peaked.
US stocks mounted their biggest rally since 2020 after October's reading of consumer prices raised investor hopes that inflation has peaked.
Price increases moderated in the United States last month. Consumer inflation reached 7.7% in October from a year earlier and 0.4% from September, the Labor Department said Thursday. The year-over-year gain was the smallest since January. Excluding volatile food and energy prices, core inflation rose 6.3% in the past 12 months and 0.3% from September.
Meanwhile, US President Joe Biden is reportedly expected to discuss Russia's war in Ukraine with Chinese President Xi Jinping next week in a face-to-face meeting. The meeting between the two leaders, the first since Biden ascended to the U.S. presidency, will take place ahead of the G-20 Summit in Bali, Indonesia.
Back home, the domestic equity market tumbled on Thursday, tracking weak global peers. The S&P BSE Sensex, was down 419.85 points or 0.69% to 60,613.70. The Nifty 50 index lost 128.80 points or 0.71% to 18,028.20.
Foreign portfolio investors (FPIs) bought shares worth Rs 36.06 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 967.13 crore in the Indian equity market on 10 November, provisional data showed.