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☆ 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.

☆ 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.

☆ 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.

☆ 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."

☆ India's Yes Bank to exit reconstruction scheme after lock-in ends
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterThe logo of Yes Bank is pictured on the facade of its headquarters in Mumbai, India January 17, 2018. REUTERS/Danish SiddiquiBENGALURU, Sept 23 (Reuters) - India's Yes Bank Ltd (YESB.NS) said on Friday the Reserve Bank of India would allow it to exit a reconstruction scheme put in place more than two years ago only after the share lock-in period ends. The bank said in a regulatory filing the lock-in period for shares of existing shareholders would end in March next year. In March 2020, Yes Bank's financial position had seriously deteriorated, sparking contagion risk in the banking system from the then fifth largest bank in India. Earlier this week, it approved private equity firm JC Flowers ARC as the buyer for its $6 billion stressed loan portfolio.

The logo of Barclays bank is seen on glass lamps outside of a branch of the bank in the City of London financial district in London September 4, 2017. REUTERS/Toby MelvilleLONDON, Sept 20 (Reuters) - Investment banks are likely to be hit by a dip in trading revenue next year and will be counting on a bounce back in advisory fees to support their finances, Barclays' CEO C.S. A trading surge has helped investment banks report robust results this year and helped to offset a dire year for fees on company flotations and M&A deals amid global market turbulence. Register now for FREE unlimited access to Reuters.com Register"Trading revenue pools will probably shrink a bit and investment banking revenue pools will probably rise. And so the declining trading revenue pools seasonally adjusted is more likely to happen in the second half of next year."

☆ Instagram reels aren't dead yet — here's why Meta's battle with ByteDance has only just begun
▼ + stars: | 2022-02-15 | by ( Alex Kantrowitz | Big Technology | ) www.businessinsider.com time to read: +5 min

Instagram still has double the usership of TikTok and TikTok's growth has slowed. "But then I realized they weren't using TikTok, they had discovered Instagram Reels." That said, Instagram Reels could be a gateway drug for younger users, who may find TikTok after experimenting with Reels. Without India, TikTok's download growth has slowed. TikTok, however, is still out-downloading Instagram, and people are spending more time on TikTok than on Instagram.

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