1 / 101. Asia: Stocks in Asia-Pacific were lower in Tuesday morning trade following an overnight tumble on Wall Street. Mainland Chinese stocks declined in early trade, with the Shanghai composite down about 0.1 percent while the Shenzhen component was fractionally lower. In Japan, the Nikkei 225 shed 0.27 percent in morning trade while the Topix index fell 0.38 percent. South Korea’s Kospi was below the flatline.MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.31 percent lower, reported CNBC International. (Image: Reuters)
2 / 102. US: U.S. stock futures rose slightly in overnight trading on Monday following the market’s massive sell-off. Fueling the weakness is a surge in Covid-19 cases in the U.S. and abroad, compounded with little hope of a stimulus package from Washington. Dow futures rose 80 points. The S&P 500 and Nasdaq gained 0.25 percent and 0.28 percent, respectively, reported CNBC International. (Image: AP)
3 / 103. Closing Bell On Monday: The Indian equity market settled over a percent lower on Monday dragged by heavy selling across the board amid weak global cues. Excessive selling in metal stocks and Reliance Industries remained another reason behind today's market slip. At closing, the Sensex ended 540 points or 1.33 percent lower to 40,145.50 while the Nifty50 index closed at 11,767.75, down 162.60 points or 1.36 percent. Index heavyweights including Reliance Industries and HDFC Bank ended 3.7 percent and 1.5 percent lower respectively. RIL, however, remained the top contributor to the index slip. It saw the biggest single-day decline in three months. (Image: Reuters)
4 / 104. Crude Oil: Oil prices regained a semblance of stability on Tuesday after suffering sharp losses over the previous session and last week, as a resurgence of coronavirus cases globally hit prospects for crude demand while increasing supply also hurt sentiment. In early Asia, Brent crude was up 12 cents, or 0.3 percent, at $40.58 a barrel by 0039 GMT, having dropped more than 3 percent overnight. U.S. oil was up 13 cents, or 03 percent, at $38.69 a barrel, after also declining more than 3 percent on Monday, reported CNBC International. (Image: Reuters)
5 / 105. Rupee Close: The Indian rupee depreciated sharply on Monday as Europe got under a renewed grip of the coronavirus pandemic and risk aversion pushed the dollar index higher. The rupee fell about 24 paise on Monday to close at 73.85 against the US dollar. (Image: Reuters)
6 / 106. Govt On Ethanol Production: To boost ethanol production in the country, the government is considering extending subsidised loans to grain-based distilleries also under the ongoing scheme, according to government sources. The sources said both the petroleum and food ministries are of the view that ethanol production cannot be dependent on one feedstock, that is, sugarcane, for achieving the target of 20 percent ethanol blending with petrol by 2030. There is a need to look at other agri-feedstock such as rice, maize, sorghum and barley for making ethanol. After several rounds of discussion, both the ministries are of the opinion to extend soft loans to grain-based distilleries as well under the ongoing scheme, the sources said. (Image: Reuters)
7 / 107. PM Modi On One Nation One Gas Grid: Prime Minister Narendra Modi on Monday said that India plans to achieve one nation one gas grid and shift towards a gas-based economy. Speaking at the inaugural session of the 4th India Energy Forum, he added that India views the energy sector as a sector that empowers living and adds to ease of living. Oil & Petroleum Minister Dharmendra Pradhan speaking at the same event said that India's energy agenda is inclusive, market-based and sensitive towards climate change. He said India is developing energy corridors with neighbouring countries. (Image: PTI)
8 / 108. October GST Collections May Cross Over Rs 1 Lakh Crore: In what could be a healthy sign of economic recovery, goods and services tax (GST) collections recorded in the month of October are likely to cross Rs 1 lakh crore for the first time this fiscal. According to government sources, GST collection for business activity in September, for which returns are recorded in October, look "extremely healthy". "For the second straight month in October, GST collections are likely to record a growth trend. Going by the current numbers of monthly returns, GST collections recorded in October are likely to cross the Rs 1 lakh-crore mark," the source said. (stock image)
9 / 109. OPEC On Oil Price Recovery: OPEC's secretary-general said on Monday OPEC+ producers did not expect a renewed oil-price collapse as seen in the second quarter, and said producers in the OPEC+ alliance would continue to "stay the course" in balancing the market. OPEC+ made a record supply cut from May, which boosted prices from historic lows. Brent is up from a 21-year low below $16 in April. The OPEC+ alliance said last week that it will ensure the prices do not plunge steeply again when it meets to set policy at the end of November. "I want to assure you that the OPEC, the non-OPEC partnership will continue to do what it knows best, by ensuring that we don't relapse into this almost historic plunge that we saw," Mohammad Barkindo said at the virtual India Energy Forum by CERAWeek. (Image: Reuters)
10 / 1010. SBI Issues Bonds: The State Bank of India (SBI) on Monday said it has raised Rs 5,000 crore by issuing Basel-III compliant bonds. The committee of directors of capital raising met on Monday and accorded its approval to allot 50,000 Basel-III compliant non-convertible, taxable debt instruments, SBI said in a regulatory filing. The debentures qualifying as tier II capital of the bank of face value of Rs 10 lakh each, at par, bearing a coupon of 5.83 per cent aggregating to Rs 5,000 crore were allotted to bond subscribers on October 26, 2020, it said. The interest on the bonds will be paid annually for a tenor of 10 years and call option after 5 years and on anniversary date thereafter, the country's largest lender said. (Image: Reuters)
