• Stock Market Live Updates: The Indian stock market may track overnight gains on Wall Street and start on a solid footing. US stocks broke a 5-day losing streak on Thursday and Asian shares are also trading in the green.
Investors await future action from the Fed as it is due to meet next week and is expected to hike its interest rate by half a percentage point. Inflation continues to remain on its radar due to which traders are worried.
09 Dec 2022, 08:33:56 AM IST
Cryptocurrency prices surged today: Bitcoin, Ether gained more than 2%. Check Latest Rates
Among cryptocurrencies, the world's largest and most popular digital token bitcoin is trading up more than 2% to $17,230. The largest coin is down three-quarters from its all-time high of $69,000. The global cryptocurrency market cap remained below the $1 trillion mark today, according to data from CoinGecko, even as it gained more than 2% to $896 billion over the past 24 hours.
On the other hand, Ether, the coin associated with the Ethereum blockchain and the second largest cryptocurrency, also gained more than 3% to $1,281. Meanwhile, the price of Dogecoin was trading higher today at $0.09, while Shiba Inu was at $0.000009. (read more)
09 December 2022, 08:32:37 AM IST
India's inflation may fall to nine-month low in November: Reuters poll
Consumer price inflation in India may ease to a nine-month low of 6.40% in November, mainly due to lower food prices, according to a Reuters poll of economists.
Inflation has remained above the upper end of the Reserve Bank of India's 2%-6% tolerance band throughout the year and has raised interest rates by 225 basis points so far to the repo rate, taking it to 6.25%.
If the inflation forecast is correct, the decline will take it back to where it was just before Russia invaded Ukraine in February, which drove up global food and commodity prices. (Reuters)
09 Dec 2022, 08:16:13 AM IST
India Bonds-Bond yields may rise ahead of weekly debt supply
Indian government bond yields are expected to open higher on Friday ahead of fresh supply of debt through weekly auctions.
A trader at a private bank said the benchmark 10-year yield was likely to move in the 7.26%-7.31% band till subsequent auctions.
The yield closed at 7.2890% for the fifth straight session on Thursday.
Traders said this is the first auction since the central bank's monetary policy decision earlier this week and will provide clarity on investor appetite at current levels.
New Delhi aims to raise 280 billion rupees ($3.40 billion) through bond sales, including 110 billion rupees in benchmark paper. (Reuters)
09 Dec 2022, 08:15:43 AM IST
Stocks to Watch: Paytm, HUL, Yes Bank, Sun Pharma, PTC India, Zee Learn, Hinduja Global Solutions, Ashok Leyland, Kalpataru Power, Lupine, IndusInd Bank
NSE continues to list Gujarat Narmada Valley Fertilizers & Chemicals and Indiabulls Housing Finance shares in the list of restricted securities under the F&O segment for Friday trade as they have crossed 95% of the market-wide position limit.
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