Reuters India Business

By Bharath Rajeswaran (Reuters) -The slide in Indian equities in October, which was the steepest since March 2020, is likely to extend into November as investors continue to lean towards “sell on rally”, brokerages’ analysis of the October equity derivatives series showed. The market-wide open interest (OI), or the total number of active unsettled contracts …

More pain in store for Indian equities, based on derivatives data, brokerages say Read More »

By Bharath Rajeswaran (Reuters) -Indian shares logged their worst session in more than a month on Monday, weighed down by uncertainty around the hotly-contested U.S. presidential election, while volatility spiked to a three-month high. The NSE Nifty 50 fell 1.27% to 23,995.35, while the BSE Sensex lost 1.18% to 78,782.24. Both benchmarks logged their biggest …

Indian shares post worst session in over a month ahead of US election Read More »

By Aditya Kalra and Kane Wu NEW DELHI/HONG KONG (Reuters) – Indian billionaire Mukesh Ambani targets a 2025 Mumbai listing for his telecom business Jio, valued by analysts at over $100 billion, and plans to launch his retail unit’s IPO much later, two people familiar with the matter told Reuters. Reliance Industries’ boss Ambani hasn’t …

Exclusive-Ambani’s Reliance Jio IPO set for 2025, retail debut much later, sources say Read More »

By Shaloo Shrivastava BENGALURU (Reuters) – India’s manufacturing growth gained momentum in October after decelerating for three months as demand improved significantly, helping in job creation and leading to a better business outlook, according to a business survey released on Monday. The HSBC final India Manufacturing Purchasing Managers’ Index, complied by S&P Global, rose to …

India’s factory growth accelerates in October, PMI shows Read More »

By Nimesh Vora MUMBAI (Reuters) – The options market is indicating that the Indian rupee traders were not too concerned about the potential flare-up in volatility post the U.S. elections, a distinct contrast to other Asian currencies. The 1-month implied volatility on the dollar/rupee pair was at 2.3% on Monday, a day before the U.S. …

Indian rupee traders less worried about US elections than rest of Asia Read More »

By Swati Bhat MUMBAI (Reuters) -India’s central bank is well-equipped to deal with a potential sudden outflow of foreign funds and any steep fall in the rupee if Republican candidate Donald Trump wins next week’s U.S. presidential election, two sources familiar with the bank’s thinking said. The Reserve Bank of India would be able to …

India central bank well-equipped for post-US election volatility, sources say Read More »

By Scott DiSavino NEW YORK (Reuters) -Oil prices edged up on Friday on reports Iran was preparing a retaliatory strike on Israel from Iraq in coming days, but record U.S. output weighed on prices. Brent futures were up 29 cents, or 0.4%, to settle at $73.10 a barrel. U.S. West Texas Intermediate (WTI) crude gained …

Oil prices settle up slightly on Iran worries, but prices down for week Read More »

By Anjana Anil (Reuters) – Gold prices edged down on Friday, pressured by a stronger U.S. dollar and Treasury yields, but a weak job growth data from the world’s biggest economy prompted analysts to increase bets for a rate cut from the Federal Reserve, limiting some losses. Spot gold fell 0.2% to $2,736.28 per ounce …

Gold edges lower as US dollar, yields rise Read More »