Monday , May 16 2022

MARKETS LIVE: Indices are linked to range, under Nifty 10,600; Yes Bank 8%



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Indicator indices are moving in a narrow range in the midst of mixed cues in global markets.

The rupee is trading on a hard note, rising from 72.31 dollars to today's trade, rising to 72.02, the highest level in almost two months against the dollar.

The key stocks among the YES Bank, Aston Chawla's non-executive board chairman, are now in the day-to-day trading with the name of Aircel-Maxis. It fell more than 6. discussion. Independent Director Vasant Gujarathi quitted his work, citing personal commitments. The board of directors appointed Uttam Prakash Agarwal as additional director (Independent) for five years, subject to shareholder approval.

Vodafone Idea is trading 4.23% less after the company reported a net loss of R $ 49.7 billion in a revenue of Rupees 120.2 billion. In the July-September quarter, revenues before interest, tax, depreciation and amortization (Ebitda) decreased by 28.7 percent to 9.8 billion Rs.

Companies traded at about 26 BSEs are expected to announce their revenues for the September quarter during the day.

On the macro front, India-import, export and trade balance data seem to be released today.

GLOBAL MARKET

The Asian markets were supported by the pound and the euro following a slowdown in the decline in crude oil prices on Thursday.

MSCI's largest Asia-Pacific stock index increased by 0.15 percent. The index decreased 0.4 percent of the previous day due to the increase in oil prices' concern about the broad demand and global growth outlook. Australian stocks rose by 0.15 percent, while Japan's Nikkei fell 0.5 percent.

OIL PRICES

The US suffered a drop of $ 55.92 per barrel, a 1 percent increase over a 12-day downturn over expectations that the crude oil would reduce production of oil-exporting countries (OPEC) and allied producers.

(With Reuters entry)

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