Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 19 points at the opening bell.
In overseas markets, Asian stocks were mixed as the world's most closely watched election draws near. US stocks on Monday, 7 November 2016, had their best trading day since March on a percentage basis. Gains were broad, with the Dow Jones Industrial Average reclaiming the key 18,000 level and the S&P 500 snapping its nine-day losing streak, the longest since 1980. The slide had been attributed partly to polls showing a closer contest between Clinton and Republican rival Donald Trump.
The outcome of United States presidential elections of 2016, which will be held today, 8 November 2016, will have a bearing on global stocks. Presidential election will be held between Democratic party candidate Hillary Clinton and Republican party candidate Donald Trump. The results are expected on the next day of elections.
Closer home, foreign portfolio investors (FPIs) bought shares worth a net Rs 311.18 crore yesterday, 7 November 2016, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 779.86 crore yesterday, 7 November 2016, as per provisional data.
Among corporate news, ICICI Bank's net profit rose 2.38% to Rs 3102.27 crore on 41.31% rise in total income to Rs 22759.08 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours yesterday, 7 November 2016.
Sanofi India's net profit rose 11.17% to Rs 80.60 crore on 7.36% rise in total income to Rs 639 crore in Q3 September 2016 over Q3 September 2015. The result was announced after market hours yesterday, 7 November 2016.
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GlaxoSmithkline Consumer Healthcare's net profit fell 16.62% to Rs 183.72 crore on 5.69% rise in total income to Rs 1138.09 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours yesterday, 7 November 2016.
Ceat's consolidated net profit rose 1.56% to Rs 106.92 crore on 5.3% rise in total income to Rs 1431.47 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours yesterday, 7 November 2016.
Key benchmark indices settled on a firm note yesterday, 7 November 2016, tracking gains in global stock markets triggered by the Federal Bureau of Investigation (FBI) clearing Democratic candidate Hillary Clinton of any wrongdoing over the weekend. The barometer index, the S&P BSE Sensex, gained 184.84 points or 0.68% to settle at 27,458.99. The Nifty 50 index gained 63.30 points or 0.75% to settle at 8,497.05.
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