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What is the story about?
Sensex jumps 1,200 points, rupee gains as oil prices slump 6%
Indian equity markets began the week on a strong note, with the Sensex surging 1,233 points and the Nifty climbing 388 points to reclaim the 23,400 mark. The rally coincided with a recovery in the rupee, which strengthened to 94.89 against the US dollar, while Brent crude prices fell over 6% after Iran signalled openness to talks to end the West Asia conflict, raising hopes of easing energy supply concerns.
Sensex surges 1,233 points, Nifty reclaims 23,400: 5 reasons why stock market rallied today
The equity benchmark indices started the week on a strong note on Monday (November 2), with the Sensex surging 1,233 points to 75,693 and the Nifty gaining 388 points to reclaim the 23,400 mark at 23,441.
Read more
Also Read: Reliance Industries shares surge to 8%; here's how high the stock can go
Rupee edges higher to 94.89 against US dollar; how sustainable is the recovery
The Indian rupee opened higher against the US dollar on Monday, November 2, extending its recovery after a sharp reversal in the previous session. The domestic currency opened at 94.89 per dollar, compared with Friday's (October 30) closing level of 94.95, marking an appreciation of 6 paise.
Read more
Also Read: RBI's forward dollar position hits record $239.2 billion as rupee stays under pressure
Oil prices slump 6% as Iran signals openness to talks to end war
Oil prices extended losses on Monday, with Brent crude falling over 6% after Iran's supreme leader gave the government approval to pursue talks that could help end the eight-month conflict and ease concerns over energy supplies from the West Asia.
Read More
What's on radar for Tuesday
Markets will track stocks including ITC, Marico, Petronet LNG, CONCOR and Granules India following their September-quarter results. ITC reported a 20% year-on-year decline in profit as higher taxes weighed on its cigarette business, even as FMCG revenue growth touched a 14-quarter high. Marico and other companies also feature in Monday's earnings rush, while IDBI Bank remains in focus amid a nationwide strike over the proposed stake sale.
Stocks to Watch for November 3: ITC, Marico, CONCOR, Petronet LNG and more
Petronet LNG, Marico, CONCOR, Granules India, PTC India and GSFC are among the stocks likely to be in focus on Tuesday after reporting their September-quarter earnings, while IDBI Bank will be watched amid a two-day nationwide strike by employees opposing the proposed stake sale.
Read more
Earnings Central: Monday's big Q2 results rush, with Marico, ITC, UPL and more
November opened with a consumer-heavy earnings slate, led by strong performances from Marico and a mixed showing from ITC, where the cigarette business continued to feel the impact of higher taxes. Reliance Industries also grabbed the spotlight with its best-ever quarterly performance on Friday, October 30, triggering a sharp rally in the stock and a shift in analyst sentiment.
Read More
ITC Q2 profit falls 20% as cigarette business weighs, FMCG growth hits 14-quarter high
ITC reported a 20.1% year-on-year decline in net profit for the September quarter, as its cigarette business continued to face pressure following an unprecedented increase in taxes. However, the company's non-cigarette businesses delivered strong growth, with FMCG revenue growth reaching a 14-quarter high.
Read more
Tata Trusts, Trump, Delhi Pollution & Airfare Rules
In today’s top stories, senior advocate Darius Khambata has decided not to seek another term as a trustee of Tata Trusts, invoking Ratan Tata and describing September 17 as a “day of infamy”. In the US, President Donald Trump has warned he could wield his veto power against legislation if Democrats win control of Congress in Tuesday’s midterm elections. Meanwhile, Delhi’s worsening air quality has renewed questions over whether restrictions on non-BS-VI vehicles can meaningfully curb pollution, as GRAP Stage II comes into force. Elsewhere, the Centre has introduced new airfare rules, retaining airlines’ pricing freedom while reserving the power to intervene in extraordinary situations in the public interest.
Exclusive | Darius Khambata exits Tata Trusts, invokes Ratan Tata; calls Sept 17 ‘a day of infamy’
Senior advocate Darius Khambata will not seek another term as a trustee of the Sir Dorabji Tata Trust (SDTT) and Sir Ratan Tata Trust (SRTT), CNBC-TV18 has learnt.
Read more
Trump warns he could veto Democrats’ bills if they win control of Congress
US President Donald Trump said he could become “Mr. Veto” if Democrats win control of Congress in Tuesday’s midterm elections, warning that he would reject legislation sent to him by the opposition party.
Read more
Delhi Pollution: Why restrictions on non-BS-VI vehicles may not be enough
Delhi's latest restrictions on non-BS-VI vehicles have brought the focus back on automobiles as the city battles worsening air quality. While removing older vehicles from the roads can help reduce emissions, experts believe the measure alone is unlikely to make a significant difference without addressing other sources of pollution and improving public transport.
Read more
Also Read: Delhi AQI enters 'very poor' category; GRAP Stage II enforced - What's banned now?
New airfare rules: Centre gets power to step in during extraordinary situations, here's what changes
India's new aviation rules have laid down fresh requirements for airline fare disclosures and given the Central Government the power to intervene in extraordinary situations in the public interest, even as airlines retain the freedom to determine their tariffs.
Read more
Also Read: Fuel price volatility to persist for some time, says IndiGo CEO Willie Walsh
Indian equity markets began the week on a strong note, with the Sensex surging 1,233 points and the Nifty climbing 388 points to reclaim the 23,400 mark. The rally coincided with a recovery in the rupee, which strengthened to 94.89 against the US dollar, while Brent crude prices fell over 6% after Iran signalled openness to talks to end the West Asia conflict, raising hopes of easing energy supply concerns.
Sensex surges 1,233 points, Nifty reclaims 23,400: 5 reasons why stock market rallied today
The equity benchmark indices started the week on a strong note on Monday (November 2), with the Sensex surging 1,233 points to 75,693 and the Nifty gaining 388 points to reclaim the 23,400 mark at 23,441.
Read more
Also Read: Reliance Industries shares surge to 8%; here's how high the stock can go
Rupee edges higher to 94.89 against US dollar; how sustainable is the recovery
The Indian rupee opened higher against the US dollar on Monday, November 2, extending its recovery after a sharp reversal in the previous session. The domestic currency opened at 94.89 per dollar, compared with Friday's (October 30) closing level of 94.95, marking an appreciation of 6 paise.
Read more
Also Read: RBI's forward dollar position hits record $239.2 billion as rupee stays under pressure
Oil prices slump 6% as Iran signals openness to talks to end war
Oil prices extended losses on Monday, with Brent crude falling over 6% after Iran's supreme leader gave the government approval to pursue talks that could help end the eight-month conflict and ease concerns over energy supplies from the West Asia.
Read More
What's on radar for Tuesday
Markets will track stocks including ITC, Marico, Petronet LNG, CONCOR and Granules India following their September-quarter results. ITC reported a 20% year-on-year decline in profit as higher taxes weighed on its cigarette business, even as FMCG revenue growth touched a 14-quarter high. Marico and other companies also feature in Monday's earnings rush, while IDBI Bank remains in focus amid a nationwide strike over the proposed stake sale.
Stocks to Watch for November 3: ITC, Marico, CONCOR, Petronet LNG and more
Petronet LNG, Marico, CONCOR, Granules India, PTC India and GSFC are among the stocks likely to be in focus on Tuesday after reporting their September-quarter earnings, while IDBI Bank will be watched amid a two-day nationwide strike by employees opposing the proposed stake sale.
Read more
Earnings Central: Monday's big Q2 results rush, with Marico, ITC, UPL and more
November opened with a consumer-heavy earnings slate, led by strong performances from Marico and a mixed showing from ITC, where the cigarette business continued to feel the impact of higher taxes. Reliance Industries also grabbed the spotlight with its best-ever quarterly performance on Friday, October 30, triggering a sharp rally in the stock and a shift in analyst sentiment.
Read More
ITC Q2 profit falls 20% as cigarette business weighs, FMCG growth hits 14-quarter high
ITC reported a 20.1% year-on-year decline in net profit for the September quarter, as its cigarette business continued to face pressure following an unprecedented increase in taxes. However, the company's non-cigarette businesses delivered strong growth, with FMCG revenue growth reaching a 14-quarter high.
Read more
Tata Trusts, Trump, Delhi Pollution & Airfare Rules
In today’s top stories, senior advocate Darius Khambata has decided not to seek another term as a trustee of Tata Trusts, invoking Ratan Tata and describing September 17 as a “day of infamy”. In the US, President Donald Trump has warned he could wield his veto power against legislation if Democrats win control of Congress in Tuesday’s midterm elections. Meanwhile, Delhi’s worsening air quality has renewed questions over whether restrictions on non-BS-VI vehicles can meaningfully curb pollution, as GRAP Stage II comes into force. Elsewhere, the Centre has introduced new airfare rules, retaining airlines’ pricing freedom while reserving the power to intervene in extraordinary situations in the public interest.
Exclusive | Darius Khambata exits Tata Trusts, invokes Ratan Tata; calls Sept 17 ‘a day of infamy’
Senior advocate Darius Khambata will not seek another term as a trustee of the Sir Dorabji Tata Trust (SDTT) and Sir Ratan Tata Trust (SRTT), CNBC-TV18 has learnt.
Read more
Trump warns he could veto Democrats’ bills if they win control of Congress
US President Donald Trump said he could become “Mr. Veto” if Democrats win control of Congress in Tuesday’s midterm elections, warning that he would reject legislation sent to him by the opposition party.
Read more
Delhi Pollution: Why restrictions on non-BS-VI vehicles may not be enough
Delhi's latest restrictions on non-BS-VI vehicles have brought the focus back on automobiles as the city battles worsening air quality. While removing older vehicles from the roads can help reduce emissions, experts believe the measure alone is unlikely to make a significant difference without addressing other sources of pollution and improving public transport.
Read more
Also Read: Delhi AQI enters 'very poor' category; GRAP Stage II enforced - What's banned now?
New airfare rules: Centre gets power to step in during extraordinary situations, here's what changes
India's new aviation rules have laid down fresh requirements for airline fare disclosures and given the Central Government the power to intervene in extraordinary situations in the public interest, even as airlines retain the freedom to determine their tariffs.
Read more
Also Read: Fuel price volatility to persist for some time, says IndiGo CEO Willie Walsh
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