Sensex opens 300 points higher; Trust at the center

Sensex, Nifty open higher

Sensex 400 extra points at pre-opening

Sensex, Nifty in the positive zone at pre-opening

Gasoline and diesel prices hit new highs

Fuel prices hit all-time highs on Thursday following a spike in global crude oil rates. In the nation’s capital, gasoline and diesel prices soared 35 paise to cost ??106.54 and ??95.27 per liter respectively, according to Indian Oil Corporation.

In Mumbai, a liter of gasoline now costs ?? 112.44, and diesel is sold at ?? 103.26. Gasoline prices in Chennai have exceeded ?? 103 per liter brand and is currently sold at ?? 103.26 per liter. In Calcutta, a liter of gasoline now costs ??107.12, and the diesel is sold at ??98 per liter

Yes Bank to Approach NCLT vs. Dish TV

Yes Bank Ltd is in the process of finalizing the paperwork to sue satellite television operator Dish TV India Ltd for refusing to hold a special meeting of shareholders, three people familiar with the matter said.

The private lender, Dish TV’s largest shareholder with a 25.63% stake, will ask the National Company Law Tribunal (NCLT) to order the company to either share shareholder details so that it can convene the meeting by itself, or ask it to set a date. for an extraordinary general assembly (EGM), the persons mentioned above declared on condition of anonymity. (Read more)

India revises covid rules for travelers

Fully vaccinated travelers from a country with which India has reciprocal arrangements for acceptance of covid-19 vaccines approved by the World Health Organization (WHO) will be allowed to leave the airport without further testing covid-19 and will not need a home quarantine, according to updated guidelines released Wednesday. However, they are expected to produce a negative RT-PCR test report and self-monitor their health for 14 days after arrival.

The guidelines relate to countries which have an agreement with India on mutual recognition of vaccination certificates for vaccines recognized at national level or recognized by WHO. They also cover countries that do not have such an agreement with India, but exempt Indian citizens fully vaccinated with nationally recognized or WHO recognized vaccines. Travelers from UK, South Africa, Brazil, Bangladesh, Botswana, China, Mauritius, New Zealand and Zimbabwe are among those who should take additional measures upon arrival in India , including post-arrival testing.

Oil is climbing

Oil prices rose Thursday to extend gains from the previous session as U.S. crude and fuel inventories tightened further, with gasoline supplies hitting a two-year low, indicating strong demand.

Brent crude futures rose 17 cents, or 0.2%, to $ 85.99 a barrel at 0040 GMT, after rising 0.9% the day before. US West Texas Intermediate (WTI) crude futures for December gained 37 cents, or 0.4%, to $ 83.79 a barrel.

Stocks to watch: Reliance, Future Retail, PNB Housing

The actions of the groups Reliance, PNB Housing, Dish TV and Future will be at the center of concerns Thursday. Among the larger companies, Asian Paints, JSW Steel, ICICI Lombard General Insurance, Mphasis, IDBI Bank, Macrotech Developers, Concor, Biocon, TVS Motor and Indian Hotels will release their September quarter results today.

Indian indices could open slightly higher as trade is volatile

Markets are expected to remain volatile on Thursday as SGX Nifty trends point to a green open for Indian benchmarks. On Wednesday, the Sensex BSE finished at 61,259.96, down 456.09 points or 0.74% and the Nifty was at 18,266.60, down 152.15 points or 0.83%. The BSE Midcap and Smallcap indices fell almost 2%.

Mixed Asian stocks

Asian stocks were mixed on Thursday as investors weighed corporate earnings, high inflation and the risks of the Chinese real estate sector.

Stocks fell in Japan and fluctuated in China and Hong Kong. US futures have faltered.

Wall Street closes on Wednesday

Most stock indexes around the world rose on Wednesday and the Dow Jones Industrial Average hit an intraday record as more companies reported earnings above analysts’ expectations.

The Dow Jones Industrial Average rose 152.03 points, or 0.43%, to 35,609.34, the S&P 500 gained 16.56 points, or 0.37%, to 4,536.19 and the Nasdaq Composite lost 7.41 points, or 0.05%, to 15,121.68.