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Home / Business / MARKETS LIFE: Indices rise higher, Nifty approaches 10,100; To win pharmaceutical stocks

MARKETS LIFE: Indices rise higher, Nifty approaches 10,100; To win pharmaceutical stocks



Benchmark indices are seeing higher tracking gains in Asian markets.

ICICI Bank in intraday trading rose more than 9 percent in major equities after the private bank reported a profit in the September quarter. The bank recorded a 55.8% decline in net profit to Rs 9.09 trillion in the September quarter compared to Rs. 20.58 billion a year earlier. She had reported her very first loss of Rs 1.2 billion in the June quarter.

Investors will be looking forward to the results of the companies in the September quarter. Bank of Baroda, Tata Power, Tata Motors, Union Bank of India, Lupine, DLF, HDFC, Axis Bank, Punjab National Bank, SAIL and Vedanta are some of the key companies that will announce their second-quarter earnings ,

Among macroeconomic data, investors will look forward to the Eight Infrastructure Industries Index and the budget deficit data for September, which will be released on Wednesday, and Nikkei's PMI data will be due on Thursday.

Earlier in the day, the rupee was at 73.30 against the US dollar against its previous closing price of 73.47 against the greenback

GLOBAL MARKETS

Asian stocks rebounded from strong declines on Monday, though Economic growth remains weak amid rising corporate earnings worries and a slowdown in the global situation

MSCI's largest index for Asia-Pacific equities outside Japan rose 0.4 percent, down nearly 4 percent last week.

Japan's Nikkei gained 1

percent, while Australian equities climbed 0.8 percent. South Korea's KOSPI added 0.7 percent

(with Reuters input)


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