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Search resuls for: "Nifty"


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Stocks may crash 30% and a recession could hit within months, Gary Shilling said. Shilling predicted the housing market would rebound in time, and dismissed de-dollarization fears. AdvertisementA legendary market prophet has warned that overpriced stocks may come crashing down, and a recession might strike within months. "Stocks are very, very expensive now" relative to both corporate earnings and rival assets like Treasury bonds, Gary Shilling recently told the Retirement Lifestyle Advocates radio show. The president of A. Gary Shilling & Co. is known for making several prescient market calls over the past four decades.
Persons: Gary Shilling, Shilling, , Merrill Lynch's, bitcoin, It's, there's Organizations: Service, Polaroid, Federal Reserve, Fed, Companies, Homes, greenback
Smartphone makers flooded Mobile World Congress to show off new AI features. More AI tools are moving on to devices, which would make them faster and cheaper to run. Now, as the industry looks to capitalize on the AI boom and galvanize a stagnating mobile market, phone makers want the AI tools to run locally on the phone itself. The company attended MWC to tout how it's helping phone makers such as Samsung and Honor run more AI tools on their phones. Samsung was also there, previewing some of the AI tools it's begun to roll out on its phones, including a nifty live-translation feature.
Persons: , chipmakers, it's, Morgan Stanley, Francisco Cheng, Hugh Langley, Cheng, Siri, Francisco Jeronimo, Jeronimo Organizations: Congress, Service, Mobile, Companies, Qualcomm, Samsung, Hugh Langley Qualcomm, MWC, Google, Motorola, IDC, Insider, Deutsche Telekom, Brain.ai Locations: Barcelona
The World(MSCI All Country World Index weighting)Entire U.S. stock market: 63%Japan, UK, Canada, France, Hong Kong/China combined: 17.5%Magnificent 7: 17%Source: Dimensional FundsThat seems crazy, no? For example, in the mid-1960s the concentration of the top 10 was over 40% of the S&P 500. Investors who own the S&P 500 don't have to pick those winners; they just go along for the ride. Second, U.S. stocks are global market leaders, and when a small group becomes market leaders it almost always means the U.S. stock market outperforms the world. The U.S. stock market, which was roughly 40% of the global market capitalization a short while ago, is now roughly 50% of global market capitalization.
Persons: Gregory Rowe, Berkshire Hathaway, Lilly, It's, Organizations: New York Stock Exchange, Berkshire, Broadcom, Nvidia, Eck Semiconductor, Dimensional Fund Advisors, FS Investments, IBM, American Express, General Electric, Polaroid, Xerox, U.S, Baidu, SAP, Siemens, United, Shell, AstraZeneca, HSBC Locations: New York City, Miami Beach, Japan, UK, Canada, France, Hong Kong, China, U.S, Germany, United Kingdom
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Disco is backOthers have also started to compare today's market and the 1970s' "Nifty Fifty." AdvertisementJPMorgan's Chief Global Strategist Marko Kolanovic also said in a note on Wednesday that fiscal spending and inflation could resemble the 1970s landscape. Similar to the 1970s, there are currently 3 active geopolitical conflict zones – eastern Europe, Middle East, and South China Sea," Kolanovic said. Kolanovic included in his note the chart below, which shows the correlation between inflation and the performance of the S&P 500.
Persons: , Albert Edwards, Bank of America's Michael Hartnett, Jeffrey Gundlach, Cole Smead, Smead, Sears Roebuck, Alphabet's, Nvidia's, Microsoft's, Jeremy Siegel, David Rosenberg, Merrill Lynch, " Rosenberg, Marko Kolanovic, Kolanovic Organizations: Service, Societe Generale, Bank of America's, Treasury, Nasdaq, DoubleLine, Investments, Business, Morningstar, Microsoft, Nvidia, Xerox Locations: Europe, Middle East, South China
Overall, the MSCI Asia-Pacific index gained 11.8% for 2023, with the MSCI China index losing around 11%. Those interested in stock-picking rather than passive investing can look to Morgan Stanley's list of Asian stocks it calls "alpha" opportunities for February. India's Tata Consultancy , an IT services and consulting company, which was upgraded by Morgan Stanley to overweight in January, was named as another top idea. Morgan Stanley believes "resilient revenue, strong [earnings before interest and taxes] margins, and positive management commentary will likely sustain valuation premium if execution improves." These are some stocks from the full list of Morgan Stanley's top overweight-rated stocks for February.
Persons: Morgan Stanley's, Morgan Stanley, MediaTek, — CNBC's Michael Bloom Organizations: Investors, Nikkei, BSE, Alpha, Tata Consultancy Locations: Asia, China, India, Japan,
A photo of my birth mother holding me as a newborn, taken on July 4, 1995, in central Florida. On the one hand, getting tested would help me better plan my future, but I'd have to live with the reality if the diagnosis was positive. AdvertisementOn the other hand, not getting tested would always leave an ounce of uncertainty in the back of my head. It wasn't until 2018, when I met my now-husband, Ryan, that I gave getting tested another thought. Taylor Rains/Business InsiderAfter 10 years of uncertainty, a huge weight was lifted from my shoulders.
Persons: , Olivia Wilde's, Remy, Thirteen, Hadley, I've, Taylor Rains, Mary, Desiree, Taylor, goody, Ryan Organizations: Service, Florida Institute of Technology, Pearl Harbor Aviation Museum Locations: Florida, Puerto Rican, Spain, China, Alaska, Bulgaria, , Connecticut
As China's property market and deflation woes continue to rattle investors, India's growth outlook appears all the more impressive. Last year's annual report attributed strong revenue growth partially to expansion in the Middle East, India, and Asia, Krishna wrote. "More than revenue, India is an important area for sourcing talent" as well, Krishna wrote. Growth potential For investors looking to gain exposure to the domestic stock market, Indian equities themselves aren't especially cheap though. "You're paying for the growth potential in India, certainly.
Persons: Morgan Stanley, Chetan Ahya, Ahya, Bernstein, , Narendra Modi, Bill Fitzpatrick, Fitzpatrick, Quincy Krosby, Venu Krishna, Aecom, Krishna, Tim Long, Long, Simon Coles, Krosby, Jeffrey Gundlach, Gundlach, CNBC's, — CNBC's Michael Bloom Organizations: Investment, Logan Capital Management, Modi, Infrastructure Pipeline, Aecom, Barclays, Cisco Systems, Juniper Networks, India —, Semiconductor, Micron Technology, Qualcomm, Logan Capital Locations: India, China, Asia, Philadelphia, South Carolina . U.S, Dallas, East, Asia Pacific, Japan, Coles , U.S, U.S, IShares
Vipin Kumar | Hindustan Times | Getty ImagesIndia is set to release its interim budget for 2024 on Thursday, ahead of the country's highly anticipated general elections. The interim budget is seen as a stop-gap financial plan during an election year, aimed at meeting immediate financial needs before a new government is formed. Typically, the interim budget won't include big and sweeping policy announcements. Fiscal deficit targetIndia's fiscal deficit stands at 6.4% of gross domestic product for the 2023-2024 financial year. TaxesDon't expect significant shifts in taxation as this is only an interim budget, analysts say.
Persons: Vipin Kumar, Nirmala Sitharaman, Nomura, Goldman Sachs, Goldman, Nilesh Shah, Shah, it's, Bathini, Modi, India's Organizations: Hindustan Times, Getty, India, Bharatiya Janata Party, Goldman, Mahindra Asset Management, CNBC, Capital, WealthMills Securities, India's Finance, BJP Locations: New Delhi, India, China, Japan, Germany
Among the most broadly played investment "factors" — including value, momentum, low volatility, dividend yield — quality has dominated the market, the representative iShares MSCI USA Quality ETF (QUAL) up 25% in the past year, compared to 13% for S & P 500 value and less than 5% for the equal-weighted S & P 500. Even within industry sectors, the stocks with higher quality scores have sped ahead ( Costco in retail, WW Grainger in industrials, etc.). The quality label is based on strong balance sheets, high and steady profit margins, consistency of earnings growth and the like. Sure, there are multi-year secular growth stories animating the AI innovators and weight-loss-drug developers, but most quality stocks stand out for steadiness. Any give-back of the leading quality growth names wouldn't be easily absorbed by the broader market.
Persons: iShares, WW Grainger, Berkshire Hathaway, Goldman Sachs, FactSet, Michael Gates, Ed Yardeni, it's, Jerome Powell Organizations: Costco, Nasdaq, Nvidia, Microsoft, Apple, Visa, Mastercard, Nike, Bank of America, Citi, Invest, BlackRock's, Yardeni Research Locations: industrials, Berkshire
India is JPMorgan's top pick in Asia, and one of its favorite markets globally, the investment bank's Asian Equity Strategist Mixo Das told CNBC. "It's our number one market at this point," he said, highlighting that the South-Asian nation will continue to benefit enormously as companies increasingly adopt a "China plus one" strategy. Companies that already have a base in India are also expanding production capacity. The country's largest automaker, Maruti Suzuki, announced last week that it would invest $4.2 billion to build a second factory in India. Even Vietnamese electric auto maker VinFast said earlier this month it aims to spend around $2 billion to set up a factory in India.
Persons: Mixo Das, Das, CNBC's, Maruti Suzuki, VinFast Organizations: BSE, Equity, CNBC, Apple, Maruti Locations: Asia, China, Vietnam, India
Indian equity benchmarks the Nifty 50 and BSE Sensex have rallied by more than 6% since the state elections. The Indian stock markets rallied to new highs in 2023 on the back of bullish investors and stronger domestic participation. But analysts warn that the level of optimism seen last year will not be replicated before the general election concludes. Both the Nifty and Sensex hit record highs of 22,081.95 and 73,000, respectively, during Asia's Monday afternoon trading session. In the past five general elections, Indian markets have climbed an average 18% six months prior, 8% three months before, 2% in the months after the results, and 10% half a year later, said Shantanu Bhargava, managing director and head of listed investments at Waterfield Advisors.
Persons: Narendra Modi's, Sensex, Peeyush Mittal, Mittal, Shantanu Bhargava Organizations: BSE Sensex, Narendra Modi's Bharatiya Janata, BJP, Matthews Asia, CNBC, Waterfield Advisors
Donald Trump was tough, mean and self-pitying (a nifty combination). And the woman who is now Trump’s chief challenger, Nikki Haley, is one of the toughest politicians in America — by which I mean confrontational, willing to hammer her foes. When you read accounts of her days in South Carolina, her bellicosity fairly ripples off the pages. In a fantastic 2021 profile in Politico Magazine, Tim Alberta quotes a former South Carolina Republican Party chair: “Listen, man. Nikki Haley has a memory.
Persons: Abraham Lincoln, , Reagan, Obama, Donald Trump, Biden, Nikki Haley, Tim Alberta, Haley, , I’ve, Organizations: White House, Politico Magazine, South Carolina Republican Party Locations: America, South Carolina, Alberta
India's stock market hit a $4 trillion valuation for the first time on Tuesday, per Bloomberg. It's narrowing the gap with Hong Kong, the world's fourth-largest stock market. AdvertisementThe value of companies listed on India's stock exchanges hit $4 trillion for the first time on Tuesday – narrowing the gap with Hong Kong, Bloomberg reported. Hong Kong is the world's fourth-largest stock market, but is now worth less than $4.7 trillion following an 18% slide in the Hang Seng Index this year. The Indian market was worth less than $1.5 trillion in pandemic-affected 2020, according to Bloomberg, but has since made significant gains.
Persons: , Narendra Modi, Sanjeev, Sharekhan, Goldman Sachs Organizations: Bloomberg, Service, Reuters, IMF, Apple Locations: Hong Kong, India, China, Japan
India's Nifty, Sensex open at new record highs
  + stars: | 2023-12-04 | by ( ) www.reuters.com   time to read: 1 min
BENGALURU, Dec 4 (Reuters) - India's benchmark indexes opened at fresh all-time highs on Monday, aided by strong domestic macroeconomic data and elevated bets of a U.S. rate cut in March, while analysts saw momentum picking up in the ongoing rally after the ruling Bharatiya Janata Party's (BJP) victory in key state elections. The NSE Nifty 50 index (.NSEI) rose 1.65% to 20,602.50 points, notching a record high for second session in a row. The S&P BSE Sensex (.BSESN) was up 1.64% to an all-time high of 68,587.82, as of 9:16 a.m. IST. Reporting by Bharath Rajeswaran; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.
Persons: Bharatiya Janata Party's, Bharath Rajeswaran, Dhanya Ann Thoppil Organizations: Bharatiya Janata, NSE, BSE, Thomson Locations: BENGALURU, U.S
That helped India expand at a forecast-beating 7.6%, making it one of the world's fastest-growing major economies. It has been driven by rising incomes for many Indians, a severe housing shortage in big cities and strong population growth. Builders are bullish long-term with many saying the boom could last two to three years and some even more optimistic. "The housing market could continue to perform well for another three to four years," Sanjeev Jain, managing director at Parsvnath Developers, a leading real estate company, noting that India is in the initial stages of a housing growth cycle. The government is also trying to boost the availability of affordable housing by providing subsidies, which is encouraging construction in India's smaller towns and cities.
Persons: Nifty, Sunil Sinha, Sanjeev Jain, Prashant Thakur, Jayesh Rathod, Narendra Modi's, Manoj Kumar, Nigam, Ira Dugal, Edwina Gibbs Organizations: DELHI, Fitch, Builders, Parsvnath Developers, Reuters, Graphics, Advisory, Prestige Estates, DLF, Reuters Graphics, Thomson Locations: India, China, Mumbai, New Delhi, Bangalore, rocketed, Thane, Tamil Nadu, Karnataka, Gujarat
The NSE Nifty 50 index (.NSEI) rose as much as 0.52% to 20,238.45, a new record high, while the S&P BSE Sensex (.BSESN) was up 0.44% at 67,286.16, as of 9:35 a.m. IST. "India's growth outlook remains positive, with various capex initiatives of the government likely to trigger consumption at the bottom of the pyramid," Pramod Gubbi, founder of Marcellus Investment Management, said. India's Nifty and Sensex posted their best month in 2023 in November, aided by the return on foreign portfolio investor (FPI) inflows. India's general elections are due early next year. Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sonia Cheema and Mrigank DhaniwalaOur Standards: The Thomson Reuters Trust Principles.
Persons: Francis Mascarenhas, Gubbi, India's, Sensex, Madhavi Arora, Bharath Rajeswaran, Sonia Cheema Organizations: National Stock Exchange, REUTERS, Rights, NSE, BSE, Reuters, Reserve Bank, Marcellus Investment Management, Wall, Dow Jones, Bharatiya Janata Party, BJP, Indian National Congress, Emkay Global Financial Services, Thomson Locations: Mumbai, India, U.S, Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana, Bengaluru
India's Tata Technologies soars 140% in pre-open debut trade
  + stars: | 2023-11-30 | by ( ) www.reuters.com   time to read: 1 min
A Tata sign is seen outside their offices in London, Britain March 30, 2016. REUTERS/Toby Melville/File Photo Acquire Licensing RightsBENGALURU, Nov 30 (Reuters) - Shares of India's Tata Technologies (TATE.NS) surged 140% in their trading debut on Thursday, valuing the company at 486.80 billion rupees ($5.84 billion). The stock debuted at 1,200 rupees in pre-open trade, compared with its initial public offer (IPO) price of 500 rupees. This is the first Tata Group company to go public since Tata Consultancy Services (TCS.NS) listed in 2004. ($1 = 83.3040 Indian rupees)Reporting by Rama Venkat in Bengaluru; Editing by Mrigank DhaniwalaOur Standards: The Thomson Reuters Trust Principles.
Persons: Toby Melville, Rama Venkat, Mrigank Organizations: Tata, REUTERS, Rights, India's Tata Technologies, Tata Group, Tata Consultancy Services, Thomson Locations: London, Britain, Bengaluru
TAMPA, Fla. (AP) — Goalie Tristan Jarry scored an empty-net goal and made 39 saves in the Pittsburgh Penguins; 4-2 comeback victory over the Tampa Bay Lightning 4-2 on Thursday night. Jarry stopped a dump-in and sent the puck end-to-end into the net with 1:08 left. Jeff Carter scored the go-ahead goal in the third period for the Penguins, who also got goals from Sidney Crosby and Drew O’Connor. NHL points leader Nikita Kucherov had two assists to tie his career high with an eight-game points streak. Stamkos made it 1-0 with a deflection at 9:06 on Tampa Bay’s 15th shot.
Persons: Tristan Jarry, Jarry, Jeff Carter, Sidney Crosby, Drew O’Connor, Steven Stamkos, Tanner Jeannot, Nikita Kucherov, Andrei Vasilevskiy, Carter, Crosby, Evgeni Malkin, Stamkos, ___ Organizations: Pittsburgh Penguins, Tampa Bay, Penguins, Lightning, NHL, 432nd NHL, Tampa Bay’s, UP NEXT Penguins, Philadelphia, Dallas Locations: TAMPA, Fla
The Bombay Stock Exchange (BSE) building is seen lit up for Diwali, the Hindu festival of lights, in Mumbai, India, November 12, 2023. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsBENGALURU, Nov 30 (Reuters) - Indian blue-chip shares opened higher on Thursday, with the benchmark indexes inching towards new record highs, as bets of U.S. interest rate cuts by March 2024 have triggered foreign inflows ahead of key macroeconomic data. The NSE Nifty 50 index (.NSEI) rose 0.17% to 20,130.10 points and the S&P BSE Sensex (.BSESN) was up 0.15% at 66,995.97, respectively, as of 9:16 a.m IST. Reporting by Bharath Rajeswaran in Bengaluru; Editing by Mrigank Dhaniwala and Sohini GoswamiOur Standards: The Thomson Reuters Trust Principles.
Persons: Francis Mascarenhas, Bharath Rajeswaran, Mrigank Dhaniwala, Sohini Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, BSE, Thomson Locations: Mumbai, India, Bengaluru
Just this week, the SEC sued Kraken, another crypto exchange, alleging that it is operating as an unregistered securities exchange. Binance is exiting the US as part of the agreement the crypto exchange made with law enforcement agencies. That also includes the Justice Department, the Commodity Futures Trading Commission , and the Treasury Department. There is even a National Cryptocurrency Enforcement Team within the Justice Department actively identifying and investigating criminal cases involving digital assets. That is precisely how the feds secured the first ever corporate settlement with a crypto exchange.
Persons: Sam Bankman, Zhao, Binance, Brian Armstrong, Coinbase, ” Armstrong, , General Merrick Garland, ” Changpeng Zhao, Anthony Kwan, cryptocurrencies, ethereum, Bitcoin, , it’s, Ethereum, Treasury Department —, Kraken, Tiffany Hagler, ” Garland, Lisa Monaco, Tuesday’s presser, “ I’ve, Benham Organizations: New, New York CNN, Justice Department, Bloomberg, Getty, Washington DC, US Department of Justice, Department of Justice, Treasury, Securities and Exchange Commission, Treasury Department, SEC, Geard, Futures Trading Commission, Cryptocurrency, feds Locations: New York, United States, Binance, Washington, U.S, , rulemaking
The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsBANGALORE, Nov 20 (Reuters) - Indian shares are set to open on a slightly muted note on Monday, with a focus on the global interest rate outlook after a more than 3% rally so far this month. The NSE Nifty 50 index (.NSEI) gained 1.58% last week, its best in two months, while the Sensex rose 1.37%. "Market is expected to continue its upward movement driven, by robust macro data and diminishing global concerns," SMC Global Securities said in a note. In global markets, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) edged up 0.3%, with investors awaiting minutes of the Fed's last meeting.
Persons: Francis Mascarenhas, Nifty, Sohini Goswami Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, U.S . Federal, SMC Global Securities, India's Tata Consultancy Services, United, United States Food, Drug Administration, CFM Mozambique, General Tax Authority, Sethuraman NR, Thomson Locations: Mumbai, India, Rights BANGALORE, Asia, Pacific, Japan, United States, Qatar, Bengaluru
Napoleon, played by Academy Award-winning actor Joaquin Phoenix, is a talented young officer whose military victories quickly vault him into influence and power. The fact that Napoleon can’t live up to his own larger-than-life image is part of what makes Napoleon larger than life. There are obvious differences between Trump and Napoleon — Trump avoided the draft and was not a successful general; Napoleon was never elected and conquered large parts of Europe; Trump’s coup attempt was unsuccessful. “Napoleon” suggests that our fascination with grotesque populist windbags is itself a source of their power. Napoleon might not love this movie, but he’d surely enjoy seeing his face blown up there on the big screen.
Persons: Noah Berlatsky, Ridley Scott, Napoleon ”, Noah Berlatsky Noah Berlatsky, Scott deplores, he’s, ” Scott, Napoleon, Joaquin Phoenix, glamorize Napoleon, Scott, Napoleon sententiously, Josephine, Vanessa Kirby, grunting, can’t, it’s, Scott weren’t, Scott’s, It’s, Napoleon can’t, Donald Trump, Napoleon — Trump, Scott’s Napoleon, doesn’t, Trump, “ Trump, mediaQuant, slandered, “ Napoleon ”, , , — you’re Organizations: CNN, Hollywood, Waterloo, Trump, New York Times, Republican Locations: Chicago, Europe, Elba, British, Austerlitz, Republic, France, Nazi
His final birdie allowed Aberg to tie the 72-hole scoring record on the PGA Tour, matching the 253 of Justin Thomas at the 2017 Sony Open. Hughes shot 60-63 on the weekend and finished four shots behind. Even after making his only bogey of the week, on the 12th hole of the Seaside course at Sea Island, Aberg answered every challenge. 1 player from the PGA Tour University ranking after his senior year at Texas Tech. He also would appear to be a shoo-in for PGA Tour rookie of the year.
Persons: — Ludvig Aberg, Swede, ” Aberg, “ It's, Justin Thomas, Matt Jones, Patrick Rodgers, , Mackenzie Hughes, couldn't, “ He's, doesn’t, fearlessly, Hughes, Aberg, , ” Hughes, “ I'm, , Viktor Hovland, Marco Simone, Scottie Scheffler, Brooks Koepka, Eric Cole, Tyler Duncan, ” Cole, Ryan Moore Organizations: SIMONS, RSM, Ryder, Texas Tech, PGA, PGA Tour, Ryder Cup, Masters, FedEx Cup Locations: Kapalua, Switzerland
[1/27] Nov 16, 2023; Stockholm, SWEDEN; Fans high five the Ottawa Senators mascot during a Global Series NHL hockey game against the Detroit Red Wings at Avicii Arena. Mandatory Credit: Per Haljestam-USA TODAY Sports Acquire Licensing RightsNovember 16 - Tim Stutzle scored with two seconds remaining in overtime to give the Ottawa Senators a 5-4 win over the Detroit Red Wings in the NHL Global Series Sweden on Thursday in Stockholm. During a scramble in the Wings' zone, Drake Batherson sent a pass that deflected off a defender's stick. Lucas Raymond, Daniel Perron, Alex DeBrincat and Shayne Gostisbehere scored four straight goals in the second period for the Red Wings. The Senators scored four minutes later when Stutzle made a nifty backhanded pass despite being knocked to the ice.
Persons: Tim Stutzle, Drake Batherson, Stutzle, James Reimer, Brady Tkachuk, Jake Sanderson, Josh Norris, Joonas Korpisalo, Lucas Raymond, Daniel Perron, Alex DeBrincat, Shayne Gostisbehere, Gostisbehere, Reimer, Batherson, Sanderson, Norris, Raymond, Olli Maatta, Compher, DeBrincat Organizations: Ottawa Senators, NHL, Detroit Red Wings, Avicii, NHL Global, Sweden, Wings, Ottawa, Red Wings, Senators, Stutzle, Detroit, Tkachuk, Thomson Locations: Stockholm, SWEDEN, Gostisbehere, Detroit
A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, February 1, 2023. REUTERS/Niharika Kulkarni/File Photo Acquire Licensing RightsBENGALURU, Nov 13 (Reuters) - Indian blue chips opened lower on Monday, dragged by information technology (IT) and financial stocks, while investors awaited domestic retail inflation data for October. The NSE Nifty 50 index (.NSEI) was down 0.35% at 19,456.75 as of 9:18 a.m. IST, while the S&P BSE Sensex (.BSESN) fell 0.40% to 64,995.73. The benchmarks Nifty 50 (.NSEI) and Sensex (.BSESN) hit three-week highs in the special one-hour "muhurat" trading session on Sunday, led by gains in energy and information technology stocks. Reporting by Bharath Rajeswaran in Bengaluru; editing by Eileen SorengOur Standards: The Thomson Reuters Trust Principles.
Persons: Niharika Kulkarni, Bharath Rajeswaran, Eileen Soreng Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, BSE, Thomson Locations: Mumbai, Bengaluru
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