India markets open slightly lower on weak global signals – PB Fintech, Maruti Suzuki, Tata Motors, M&M, Bajaj Auto, others to watch | News Bharat

  • Indian benchmark index sensor and Nifty50 Friday’s open was slightly lower amid mixed signals from around the world.
  • SGX is beautifulAn early indicator of where the market is headed, it fell 0.26%.
  • The Sensex opened 306 points lower at 62,979, while the 50-stock Nifty50 opened 60 points lower at 18,752.
  • PB Fintech, maruti suzuki, Tata Motorsmm, Bajaj Auto is one of the stocks to watch on Friday.

India’s benchmarks Sensex and Nifty50 opened marginally lower on Friday amid mixed signals from around the world. The SGX Nifty, an early indicator of where the market may be headed, fell 0.26% ahead of the open.

The Sensex opened 306 points lower at 62,979, while the 50-stock Nifty50 opened 60 points lower at 18,752.

Earlier, the Indian government reported that GST revenue rose by 10.9% to Rs 14.6 trillion in November compared to the same period last year. However, receipts fell 3.9% compared to October.

Brent crude oil prices rose slightly on Friday, inching up to $87.2, or 0.37%. The rupee rose 18 paise to 81.08 per dollar in early trade on Friday.

U.S. markets mixed ahead of November jobs data

U.S. stocks were mixed on Thursday as investors awaited November jobs data before the Federal Reserve announced its last rate hike in 2022.

At the close, the Dow Jones Industrial Average fell 0.56%, the S&P 500 fell 0.09%, and the Nasdaq Composite rose 0.13%

Asian markets fall, awaiting clarity on China’s Covid restrictions

Asian markets fell across the board on Friday, awaiting clarity from China on Covid restrictions.

Hong Kong’s Hang Seng fell 0.61 percent and South Korea’s KOSPI fell 1.22 percent. The Shanghai Composite fell 0.19%, while the Nikkei 225 lost the most at 2.25%.

Stocks to watch on Friday

PB FinTech: SoftBank Group Corp plans to sell a 5 percent stake in online insurance aggregator Policybazaar in a blockbuster deal, multiple reports said.

ONGC, Indian Oil Corporation, RIL: On Thursday, the central government cut the windfall tax on exports of locally produced crude oil and diesel. The duty on crude oil produced by these companies has been reduced to Rs 4,900 per ton from the existing Rs 10,200 per ton.

Maruti Suzuki: Domestic wholesale volume rose 18% YoY to 1,39,306 units in November.

Hero Motor Company: Wholesale volume in November rose 12% YoY to 3,90,932 units.

Tata Motors: Its November passenger car sales rose 55% YoY to 46,037 units.

Mahindra and Mahindra: Domestic passenger car sales in November rose 56% YoY to 30,392 units.

Bajaj cars: Total sales in November were 3,06,552 units, compared to 3,79,276 units in the same period last year, down 19 percent year-on-year.

TVS motor: The report said its domestic two-wheeler sales rose 9 percent to 1,91,730 units in November.

Stocks in the F&O Ban

Bharat Heavy Electricals, Delta Corp, Indiabulls Housing Finance and Punjab National Bank were among the stocks in the F&O ban on Friday.

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Adani may be India’s richest man, but Ambani’s RIL still tops Hurun’s most valuable companies list

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