Asian stocks are poised to fall early Monday as concerns over the health of the Chinese economy grow. US equity futures were steady.
Contracts in Australia, Hong Kong and mainland China point to an early loss at the Monday open, while moves in Asia may be exacerbated by thin liquidity with Japanese markets closed for a holiday.
US stock market ended mixed on Friday after a strong rally in the prior session, with the Dow Jones hitting a record.
Here's a table showing how US stocks performed on Friday:
Stock/Index | LTP | Change ($) | Change (%) | Day High | Day Low | 52-Week High | 52-Week Low |
---|---|---|---|---|---|---|---|
Alphabet | 164.64 | 1.40 | 0.86% | 164.75 | 163.18 | 193.30 | 121.46 |
Apple | 228.20 | -0.67 | -0.29% | 233.09 | 227.62 | 237.23 | 164.08 |
Meta | 561.35 | 2.25 | 0.40% | 564.50 | 556.30 | 564.50 | 279.40 |
Tesla | 238.25 | -5.67 | -2.32% | 243.99 | 235.92 | 271.00 | 138.80 |
Netflix | 701.03 | -3.29 | -0.47% | 706.67 | 696.31 | 715.66 | 344.73 |
Amazon | 191.60 | 1.73 | 0.91% | 191.84 | 187.41 | 201.20 | 118.35 |
Microsoft | 435.27 | -3.42 | -0.78% | 439.24 | 434.22 | 468.35 | 309.45 |
Dow Jones | 42063.36 | 38.17 | 0.09% | 42138.41 | 41865.95 | 42160.91 | 32327.20 |
Nasdaq | 19791.49 | -48.34 | -0.24% | 19845.70 | 19632.73 | 20690.97 | 14058.33 |
At present, the BSE Sensex is trading 310 points higher and NSE Nifty is trading 118 points higher.
M&M, Bajaj Auto and Bharti Airtel among the top gainers today.
Hindalco, ICICI Banks and HCL Tech the other hand are among the top losers today.
For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.
For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.
Broader markets are trading on positive. The BSE Midcap index is trading 0.3% higher and the BSE Smallcap index is trading 0.6% higher.
Sectoral indices are trading positive today with stocks in realty sector, oil & gas sector and telecom sector witnessing most buying.
The rupee is trading at Rs 83.58 against the US dollar.
In commodity markets, gold prices are trading 0.3% higher at Rs 74,227 per 10 grams today.
Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...
Speaking of the stock market, even though the China+1 megatrend was relatively short lived in terms of stock market gains, India's logistics boom is here to stay.
Such a boom could play out for several decades as India's manufacturing, exports and domestic consumption continue to grow.
Some niche players are the hidden and indirect beneficiaries of India's logistics boom.
Tanushree Banerjee, Research Analyst talks about some niche players are the hidden and indirect beneficiaries of India's logistics boom.
Tune in for more
Home-grown telecom firm HFCL has been selected by General Atomics Aeronautical Systems Incorporated to develop and supply critical sub-systems for the US-based defence technology firm's advanced unmanned aircraft systems.
HFCL is developing drone detection radar, which is expected to become a crucial element in modern drone detection systems.
This partnership marks a milestone in HFCL's journey, as it becomes a key contributor to one of the world's most sophisticated unmanned aerial vehicles (UAVs).
The company's subsidiary, Raddef, has been developing portable and deployable advanced radar and radio frequency (wireless) solutions across various terrains.
Besides telecom gears, HFCL is engaged in the research and development of radar technologies, including ground surveillance radars, weather radars, threat emulators, LTE-based passive radars, fog and foliage penetration radars, coastal surveillance radars, avalanche detection radars, muzzle velocity radars, and altimeters.
Bharat Heavy Electricals (BHEL) has announced that it has received an order worth over Rs 61 bn from NTPC to set up a supercritical thermal power project in Chhattisgarh.
The order includes an engineering, procurement, and construction (EPC) package for the 1x800 MW Sipat supercritical thermal power project stage-III located in Bilaspur, Chhattisgarh.
The project is expected to be executed within 48 months from the date of notification of the award.
NTPC is India's largest energy conglomerate. It has a presence in the entire value chain of the power generation business.
As of 30 June 2024, the Government of India holds 51.1% of NTPC.
State-run Bharat Heavy Electricals (BHEL) is engaged in the design, engineering, construction, testing, commissioning and servicing of a wide range of products and services to the core sectors of the economy. As of 30 June 2024, the Government of India held a 63.2% stake in the company.
Bharat Heavy Electricals, or BHEL, is a giant in India's electrical industry. Founded in 1964, BHEL is one of the oldest and most established public sector enterprises in the country.
It manufactures a wide range of transformers, including power transformers, instrument transformers, and specialized transformers used in various industries.
Adani Total Gas Ltd (ATGL), the city gas joint venture between Adani Group and TotalEnergies of France, said on 20 September that it had successfully secured a financing package of US$ 375 million (m) from global lenders.
This financing marks the largest global funding initiative in the CGD (city gas distribution) business and is designed to accelerate ATGL's network infrastructure development programme.
The initial commitment of US$ 315 m comes with an accordion feature, allowing for increased funding based on the company's business plans.
Five prominent international lenders participated in this financing, including BNP Paribas, DBS Bank, Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking Corporation.
The facility will fast-track the capital expenditure programme, enabling ATGL to rapidly expand its CGD network into its 34 authorised geographical areas (GAs) across 13 states.
This development agenda will cater to up to 14% of India's population, covering more than 200 million people. The expansion will deepen the penetration of piped natural gas (PNG) and compressed natural gas (CNG) infrastructure, creating an ecosystem for a gas-based economy.
Latham & Watkins LLP and Saraf & Partners were the borrower's counsel and Linklaters and Cyril Amarchand Mangaldas were the lender's counsel for this financing.
To know what's moving the Indian stock markets today, check out the most recent share market updates here.
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