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☆ INDIA STOCKS Indian shares may open higher, tracking Asia
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Oct 27 (Reuters) - Indian shares are poised to open higher on Thursday, tracking strength in Asian markets in the backdrop of growing expectation the U.S. Federal Reserve may tone down its aggressive stance on rate hikes. India's NSE stock futures, listed on the Singapore exchange , were 0.55% higher as of 0159 GMT, while the MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS), climbed 1.74%. India is the world's third-largest importer and consumer of oil, and a rise in crude prices have a direct impact on inflation. Foreign institutional investors sold a net 2.47 billion Indian rupees ($30.12 million) worth of equities on Tuesday, while domestic investors bought net 8.73 billion rupees worth of shares, as per provisional data available with the National Stock Exchange. ($1 = 82.0040 Indian rupees)Reporting by Rama Venkat in Bengaluru; Editing by Neha AroraOur Standards: The Thomson Reuters Trust Principles.

☆ INDIA STOCKS Indian shares may open lower, tracking Asia
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +3 min

BENGALURU, Oct 25 (Reuters) - Indian shares are poised to edge lower at open on Tuesday, tracking weakness in Asian markets, with limited downside seen on the back of expectation the Federal Reserve may slow its pace of rate hikes. However, in the one-hour of trade, shares of Yes Bank Ltd (YESB.NS), ICICI BANK (ICBK.NS) and Hindustan Unilever Ltd (HLL.NS) fell between 2.8% and 3.9%. In addition, foreign institutional investors sold a net 1.54 billion Indian rupees ($18.61 million) worth of equities on Monday, while domestic investors bought net 801.2 million rupees worth of shares, as per provisional data available with the National Stock Exchange. ** Kotak Mahindra Bank (KTKM.NS) on Saturday reported a bigger-than-expected jump in net profit for the June-September quarter, lifted by strong loan growth. ** Yes Bank (YESB.NS)said on Saturday its profit fell in the July-September quarter as it set aside more provisions for bad loans recorded in previous quarters.

MUMBAI, Oct 25 (Reuters) - The Indian rupee is expected to open slightly lower versus the dollar on Tuesday after the offshore Chinese yuan tumbled to a lifetime low. The rupee is tipped to open at around 82.74-82.76 per U.S. dollar, compared with 82.6750 on Friday. Meanwhile, the dollar index dipped in Asia trading, adding to is recent losses on bets that the U.S. Federal Reserve will deliver a small rate hike in December. If it were not for yuan, the rupee would have had "had a decent opening" considering the "slightly less" hawkish Fed outlook, a trader at a Mumbai-based bank said. Another fall in India's foreign exchange "is probably another problem" for the rupee, the trader said.

☆ INDIA STOCKS Indian shares top 1-month highs in special Diwali session, led by ICICI Bank
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Oct 24 (Reuters) - Indian shares scaled one-month highs in a special one-hour "muhurat" trading session to mark the festival of Diwali on Monday, lifted by sharp gains in private lender ICICI Bank following a solid earnings report. The blue-chip Nifty 50 index (.NSEI) closed 0.88% higher at 17,730.75, while the S&P BSE Sensex (.BSESN) advanced with a similar gain to 59,831.66. All sub-indexes except the Nifty FMCG index (.NIFTYFMCG) ended higher on Monday, led by a 1.28% rise in the Nifty Bank index (.NSEBANK). read moreReliance Industries (RELI.NS), India's most valuable company, ended 0.3% higher after posting flat quarterly profit, weighed down by export taxes on refined fuels and weak refining margins. read moreMeanwhile, Wall Street opened higher as Treasury yields eased on hopes of a less aggressive Federal Reserve.

☆ INDIA STOCKS Indian shares seen opening lower, tracking global cues
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Oct 21 (Reuters) - Indian shares are poised to edge lower at open on Friday, tracking weakness in global markets over persistent fears of the impact of aggressive interest rate hikes from major central banks on economic growth and corporate earnings. India's NSE stock futures listed on the Singapore exchange were 0.15% lower, as of 0212 GMT. Yet, the two main Indian bourses have rallied for five straight sessions, despite the weak investor sentiment globally for risk assets. ** Shadow lender Bajaj Finance Ltd (BJFN.NS)reported a record quarterly profit on Thursday, beating estimates on improved demand for loans and better asset quality. ($1 = 82.8220 Indian rupees)Register now for FREE unlimited access to Reuters.com RegisterReporting by Rama Venkat in Bengaluru;Our Standards: The Thomson Reuters Trust Principles.

☆ INDIA STOCKS Indian shares track Asian peers lower on rate hike fears
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Oct 20 (Reuters) - Indian shares opened lower on Thursday, following dour sentiment in other Asian markets for risky assets as U.S. Treasury yields surged on fears that the Federal Reserve will continue on its aggressive rate-hike path. The NSE Nifty 50 index (.NSEI) was down 0.44% at 17,434.75 as of 0347 GMT, while the S&P BSE Sensex (.BSESN) declined 0.38% to 58,884.30. In broader Asia, Asia-Pacific shares, excluding Japan, (.MIAPJ0000PUS) fell to more than two-year low, while the yield on the 10-year U.S. Treasury note touched a fresh 14-year high. Among stocks, cigarettes-to-consumer goods maker ITC Ltd (ITC.NS) was up 0.29%, ahead of its quarterly results. ($1 = 82.9880 Indian rupees)Register now for FREE unlimited access to Reuters.com RegisterReporting by Rama Venkat in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

☆ Indian shares rally for fourth day in a row, led by consumer stocks
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Oct 19 (Reuters) - Indian shares surrendered some of their earlier gains to close slightly higher on Wednesday as Nestle India's strong earnings boost consumer stocks, though lingering fears of high inflation and interest rates on corporate profits capped the increase. The NSE Nifty 50 index (.NSEI) ended up 0.14% at 17,512.25, while the S&P BSE Sensex (.BSESN) climbed 0.25% to 59,107.19. The Nifty fast-moving consumer goods (FMCG) index (.NIFTYFMCG) gained 0.4%, led by a 1.8% jump in Nestle India (NEST.NS) after the consumer giant reported a bigger-than-expected rise in third-quarter profit. Support for markets is seen coming from domestic investors buying, even as foreign institutional investors sold shares. Foreign institutional investors sold a net of 1.53 billion Indian rupees ($18.6 million) worth of equities on Tuesday, while domestic investors bought 20.85 billion rupees worth of shares, as per provisional data available with the NSE.

☆ INDIA STOCKS Indian shares seen opening higher as oil slips
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Oct 19 (Reuters) - Indian shares are set to open higher on Wednesday, taking cues from overnight gains on Wall Street as corporate earnings helped improve sentiment and oil prices fell on worries of higher U.S. supply. Foreign institutional investors sold a net of 1.53 billion Indian rupees ($18.6 million) worth of equities on Tuesday, while domestic investors bought 20.85 billion rupees worth of shares, as per provisional data available with the National Stock Exchange. ** Adani Enterprises Ltd (ADEL.NS) said its unit, Adani Defence Systems & Technologies, would buy Air Works for an enterprise value of 4 billion rupees. ** Prestige Estates Projects Ltd (PREG.NS) said during second quarter, the group registered sales of 35.11 billion rupees, up by 66% from a year ago. ** ICICI Lombard General Insurance Co Ltd (ICIL.NS) reported a September-quarter profit after tax of 5.91 billion rupees, up 32.3% from last year.

☆ INDIA STOCKS Indian shares rise 1% as cenbank eases inflation fears
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Oct 18 (Reuters) - Indian shares jumped to three-week highs in early trade on Tuesday, as rate hikes fears were soothed after the country's central bank said inflation looked set to ease and as risk sentiment improved globally on Britain's fiscal policy U-turn. In domestic trading, Nifty's automobile (.NIFTYAUTO), IT (.NIFTYIT), energy (.NIFTYENR) and public sector bank (.NIFTYPSU) indexes climbed more than 1% each. Inflow of funds from domestic investors in equities were strong even as foreign institutional investors sold shares. Foreign investors sold a net of 3.72 billion Indian rupees ($45.3 million) worth of equities on Monday, while domestic investors bought 15.82 billion rupees worth of shares, the National Stock Exchange's provisional data showed. ($1 = 82.1780 Indian rupees)Register now for FREE unlimited access to Reuters.com RegisterReporting by Rama Venkat in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ INDIA STOCKS Indian shares decline as metal stocks weigh
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Oct 17 (Reuters) - Indian shares fell in early trading on Monday, dragged down by metal stocks and in line with Asian peers amid growing fears that aggressive rate hikes by central banks globally would lead to a slowdown and weigh on corporate earnings. The NSE Nifty 50 index (.NSEI) was 0.15% lower at 17,159.30 as of 0352 GMT, and the S&P BSE Sensex (.BSESN) fell 0.19% to 57,808.78. Nifty's metal (.NIFTYMET) and realty (.NIFTYREAL) sub-indexes were among the top losers, falling more than 1% each. Among other stocks, Shree Cement Ltd (SHCM.NS) fell 5% after it posted a 67.2% slump in second-quarter profit as fuel costs surged. ($1 = 82.4000 Indian rupees)Register now for FREE unlimited access to Reuters.com RegisterReporting by Rama Venkat in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ 'Rosaline' review: 'Romeo and Juliet' gets a rewrite with Kaitlyn Dever as a star-crossed cousin
▼ + stars: | 2022-10-14 | by ( Review Brian Lowry | ) edition.cnn.com time to read: +3 min

CNN —Tapping into the twin markets of A) lovers of rom-coms and B) recovering English majors, “Rosaline” promotes a fleetingly mentioned “Romeo and Juliet” character front and center, then builds a very clever and breezy movie around her. The result is a welcome starring showcase for Kaitlyn Dever more likely to prosper in the hamlet of Hulu than it would have fared in the province of theaters. For those a little rusty on their Shakespeare, Romeo had actually been pining for Juliet’s cousin before they met and set in motion that whole star-crossed lovers thing. When their get-together prevents her from attending a party, the feckless Romeo falls for the visiting Juliet (Isabela Merced). “Rosaline” premieres October 14 on Hulu in the US, Star+ in Latin America and Disney+ in other territories.

☆ INDIA STOCKS Indian shares gain as Infosys, banks stocks climb
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Oct 14 (Reuters) - Indian shares were higher in early trades on Friday, led by gains in IT giant Infosys, bank stocks and strength in broader Asia. The NSE Nifty 50 index (.NSEI) was 1.77% higher at 17,315.60 as of 0350 GMT, and the S&P BSE Sensex (.BSESN) climbed 1.86% to 58,297.87. read moreNifty's IT (.NIFTYIT), private sector bank (.NIFPVTBNK) and public sector bank (.NIFTYPSU) indexes were up over 2% each. Two- and three-wheeler maker Bajaj Auto (BAJA.NS), a Nifty- 50 component, was 1% higher ahead of its quarterly earnings results later in the day. Asian shares climbed on Friday following Wall Street, although gains could be shortlived over recession worries after surging U.S. inflation increased likelihood of higher interest rates for longer.

☆ INDIA STOCKS Indian shares fall as rate hike fears surface; Wipro plunges
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Oct 13 (Reuters) - Indian shares were lower in early trade on Thursday after data showed the country's retail inflation accelerated to a five-month high in September, stoking fears of further rate hikes by the central bank. The NSE Nifty 50 index (.NSEI) fell 0.19% to 17,090.50 as of 0348 GMT, and the S&P BSE Sensex (.BSESN) declined 0.26% to 57,477.01. The country's annual retail inflation jumped to 7.41% last month, as food prices surged, and it remained above the Reserve Bank of India's target for three quarters. Market participants now await U.S. consumer price data due later in the day. Register now for FREE unlimited access to Reuters.com RegisterReporting by Rama Venkat in Bengaluru; Editing by Dhanya Ann Thoppil and Neha AroraOur Standards: The Thomson Reuters Trust Principles.

☆ INDIA STOCKS Indian shares rise as oil prices decline; inflation data eyed
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Oct 12 (Reuters) - Indian shares opened higher on Wednesday, as a fall in global oil prices boosted sentiment, while investors awaited domestic retail inflation data and quarterly earnings results from IT firm Wipro later in the day. India, the world's third-biggest importer and consumer of oil, benefits from a fall in prices as it brings down imported inflation. On Tuesday, both the indexes had closed at a one-week low - marking their third straight session of losses - on the back of risk aversion globally. Markets also awaited U.S. inflation data on Thursday that kept investors on edge. Register now for FREE unlimited access to Reuters.com RegisterReporting by Rama Venkat in Bengaluru; Editing by Neha AroraOur Standards: The Thomson Reuters Trust Principles.

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☆ INDIA STOCKS Indian shares extend fall as autos weigh
▼ + stars: | 2022-10-11 | by ( Rama Venkat | ) www.reuters.com time to read: +2 min

BENGALURU, Oct 11 (Reuters) - Indian shares fell for a third session on Tuesday, with automobile stocks leading losses, as risk-averse trades take hold of financial markets globally. The NSE Nifty 50 index (.NSEI) fell 0.55% to 17,146 as of 0510 GMT, and the S&P BSE Sensex (.BSESN) was down 0.51% to 57,692.61. read moreIn domestic trading, the Nifty's automobile index (.NIFTYAUTO) and the energy index (.NIFTYENR) fell 0.98% and 0.69%, respectively. Tata Consultancy Services Ltd (TCS.NS) posted its biggest intraday pct fall in more than three weeks, weighing on the Nifty IT index (.NIFTYIT) which was down 0.75%. "We have seen the worst of inflation getting over so don't see much of a domestic inflation scare as of now."

☆ Grammy-nominated DJ Steve Aoki told us he's made more money from NFTs than royalties. Here's how he says he's profited $10 million — and how Web3 can disrupt the multi-billion-dollar music industry.
▼ + stars: | 2022-10-11 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +5 min

Aoki was "shocked and excited" when he realized he made more from NFT sales than music royalties. NFTs can disrupt the music industry by creating a new revenue stream for artists, Blau previously told Insider. "This could facilitate a change that I've been waiting to see for most of my career as an independent artist," Blau said of tokenized music royalties. NFT earnings vs music royaltiesThe 2X Grammy-nominated artist says he's made more from NFTs than a decade of music royalties, Decrypt first reported. Aoki touts Web3, or the metaverse, as a chance for artists to truly own their work via the blockchain.

☆ Compass is in a precarious position. It's worth a fraction of its IPO valuation, it's never turned a profit, and employees say the former centerpiece of the business — its vaunted tech tools for agent
▼ + stars: | 2022-10-10 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +16 min

Reffkin (left) and Compass cofounder Ori Allon. Tech had been central to Compass' original missionFor years, Compass executives, including Reffkin, credited the company's tech with its meteoric rise in the residential-real-estate business. Though Compass' tech team still has 700 people, many more than any rival brokerage, the September layoffs seemed to initiate what insiders expect to be continuing cuts to the unit. "Robert is like Steve Jobs but without the insight," the veteran engineer who left Compass earlier this year said. Reffkin (left) and Allon ring the opening bell at the New York Stock Exchange.

☆ 'Amsterdam' review: Christian Bale, John David Washington and Margot Robbie head the star-studded cast in David O. Russell's historical satire
▼ + stars: | 2022-10-07 | by ( Review Brian Lowry | ) edition.cnn.com time to read: +4 min

CNN —“Amsterdam” certainly doesn’t suffer from a lack of ambition, and the star-studded cast merely adds to that sense of grandeur. Burt (Christian Bale), a part-Jewish Park Avenue doctor whose in-laws disapprove of him, and Harold (John David Washington) bonded while serving together during World War I, where they met up with a free-spirited nurse, Valerie (Margot Robbie) who fell for Harold, forging a seemingly inseparable trio. Recovering from their war injuries, they took refuge in Amsterdam, a place where the world’s concerns – including those involving race – appeared to shrink away. Christian Bale, Margot Robbie and John David Washington in 'Amsterdam.' “This is so strange,” Burt mutters at one point, which turns out to be an inadvertent commentary on the film itself.

☆ Blackstone converts Indian property to safe haven
▼ + stars: | 2022-10-06 | by ( Una Galani | ) www.reuters.com time to read: +3 min

MUMBAI, Oct 6 (Reuters Breakingviews) - A global downturn could boost demand for Indian real estate. The investor-cum-landlord led by Steve Schwarzman has played a big role in developing a local market for real estate investment trusts. Now it’s preparing to float a collection of glitzy shopping malls in what would be only the country’s fourth publicly traded REIT. Indian real estate trusts outperform U.S. peersFollow @ugalani on Twitter(The author is a Reuters Breakingviews columnist. On Sept. 27, Blackstone raised $325 million from selling an 8.1% stake in Embassy Office Parks REIT, per IFR.

☆ 'Werewolf by Night' gives Marvel a chance to show off its monster-ous side
▼ + stars: | 2022-10-06 | by ( Review Brian Lowry | ) edition.cnn.com time to read: +2 min

CNN —Flexing different muscles, Marvel’s “Werewolf by Night” is a nifty Halloween-timed special designed as a black-and-white homage to the Universal monster movies of the 1930s and ’40s. A brisk 50-ish minutes, the program assumes a fair amount of comic-book knowledge and hits the ground running, with an assembly of monster hunters brought together to compete for the Bloodstone, a supernatural artifact. He’s pursuing a very different agenda – and thanks to Man-Thing, another Marvel character from the early 1970s, not the only monster unleashed. Seen in that light, in fact, “Werewolf by Night” could be the dawn of an intriguing new day. “Werewolf by Night” premieres October 7 on Disney+.

MUMBAI, Sept 29 (Reuters) - The Indian rupee is expected to open higher against the U.S. currency, after the Bank of England's decision to buy long-dated British bonds prompted a pullback in Treasury yields and the dollar index. The rupee is seen at around 81.60-81.65 per dollar in early trades, up from a record closing low of 81.94 on Wednesday. The dollar index tumbled on Wednesday, Treasury yields fell sharply and U.S. equities recovered after the BoE took measures to stop the rout in the U.K. bond market. The dollar index fell the most in more than two years on Wednesday, as risk aversion eased. The 10-year Treasury yield dropped to near 3.70%.

☆ 'Hocus Pocus 2' review: Bette Midler, Kathy Najimy and Sarah Jessica Parker conjure the same old brew on Disney+
▼ + stars: | 2022-09-29 | by ( Review Brian Lowry | ) edition.cnn.com time to read: +3 min

“Hocus Pocus 2” should benefit from that dynamic, delivering a breezy sequel – 29 years later – that should provide go-down-easy Halloween viewing for families in the less-demanding confines of Disney+. Then again, this kind of movie hardly needs to reinvent the cauldron, representing more of a cut-and-paste job. While the not-too-scary hijinks are acceptable for kids, those scenes will likely deliver more of a kick for parents who caught the movie way back when, helping turn it into a Halloween favorite. By that measure, “Hocus Pocus 2” finds what amounts to the streaming sweet spot, feeling just big enough, but not too big. “Hocus Pocus 2” premieres September 30 on Disney+.

☆ INDIA STOCKS Indian shares rise on metals, auto boost
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Sept 29 (Reuters) - Indian shares opened higher on Thursday after six consecutive sessions of losses, boosted by gains in metals and auto companies, with investors eyeing support from central banks to allay fears of a global recession. The NSE Nifty 50 index (.NSEI) rose 0.9% to 17,005 as of 0351 GMT, while the S&P BSE Sensex (.BSESN) gained 0.9% to 57,093.19. Register now for FREE unlimited access to Reuters.com RegisterForeign institutional investors sold a net 27.72 billion Indian rupees ($340.5 million) worth of equities on Wednesday, while domestic investors purchased 25.44 billion rupees of shares, as per provisional data available with the National Stock Exchange. The Nifty metals index (.NIFTYMET) rose 2.5%, while the auto index (.NIFTYAUTO) gained 1.4%Indian cosmetics-to-fashion retailer Nykaa's parent FSN E-Commerce Ventures (FSNE.NS) rose 4.3% after the company said it will consider an issue of bonus shares. read more($1 = 81.4060 Indian rupees)Register now for FREE unlimited access to Reuters.com RegisterReporting by Nallur Sethuraman in Bengaluru; Editing by Savio D'Souza and Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

☆ INDIA STOCKS Indian shares seen taking breather after four-day slide
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Francis MascarenhasBENGALURU, Sept 27 (Reuters) - Indian shares are tipped to open slightly higher on Tuesday, after having fallen over 4% in the past four sessions, even as global markets remained jittery on economic growth concerns. Foreign institutional investors sold net 51.01 billion Indian rupees ($625.1 million) worth Indian equities on Monday as per provisional data available with the National Stock Exchange. ** Mahindra Logistics (MALO.NS) will sell its enterprise mobility business to its unit for 361.2 million rupees and buy Rivigo's B2b Express business for 2.25 billion rupees. ** India's Dev Information Technology bagged order worth 49.7 million rupees. ($1 = 81.6100 Indian rupees)Register now for FREE unlimited access to Reuters.com RegisterReporting by Nallur Sethuraman in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

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