BUSINESS
Reliance Industries leads Sensex gains
The other major factor impacting the markets -- the elevated US bond yields -- also will remain a short term concern since the Fed is likely to continue its hawkish stance in the light of the resilience of the US economy and inflation (3.7 per cent) remaining above the Fed’s target. So watch out for the Fed’s message on November 1 even while it holds the rate as the market expects, he said.
Ola, Porter, Uber & Dunzo worst digital platforms for gig workers: Report
While Ola and tech-enabled logistics company Porter scored zero on a scale of 1-10, Uber and Dunzo received only one point, according to the 'Fairwork India 2023' report, spearheaded by the Centre for IT and Public Policy (CITAPP) at International Institute of Information Technology Bangalore (IIIT-B), in association with Oxford University.
Short term support, but stability still some time away
BSESENSEX lost on three of the four trading sessions and gained on just Friday. BSESENSEX lost 1,614.82 points or 2.47 per cent to close at 63,782.80 points while NIFTY lost 495.40 points or 2.53 per cent to close at 19,047.25 points.
Market sentiment remains cautious amid West Asia crisis
FIIs selling is affecting the domestic market invariably to heavy buying by DIIs. Domestic indices have displayed some recovery in the last trading day of the week, due to favourable US Q3 GDP growth and moderating US inflation leading to moderation in bond yield.
Investors feel nervous over US Fed's Nov 1 statement on bond issuance
Come November 1 this year, the US Treasury department will update its quarterly update on its bond issuance plans for the next three months. Investors are concerned about upward revisions about the bond market's appetite for additional Treasury Bonds, sending their yields higher but leading to a historic collapse on the price tag of the bonds, media reports said.
Govt notifies minimum export price of $800 per metric tonne on onion
The measure has been taken to maintain sufficient availability of onion to domestic consumers at affordable prices as the quantity of stored Rabi 2023 onion is declining by curbing the quantity of onion exports.
Gold prices soar ahead of festive, wedding season
The sharp increase in the price of the yellow metal comes ahead of the auspicious Dhanteras occasion for buying gold on November 10, as well as the approaching festive and wedding season when the demand for jewellery shoots up.
Goyal pushes for resilient supply chains at G7 meeting in Osaka
Goyal said that the Covid-19 pandemic and the geopolitical events highlighted the vulnerabilities of the existing supply chains leading to an increase in commodity prices and global inflation.
Google to invest $2 bn in OpenAI's rival AI company Anthropic: Report
The funding deal involves $500 million now and up to $1.5 billion later, reports The Wall Street Journal.
India holds trade talks with Japan, UK on sidelines of G-7 meet in Osaka
Held a meeting with @Nishy03 , Minister of Economy, Trade and Industry, Japan, on the sidelines of the G7 Trade Ministers' Meeting in Osaka.
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