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Taking cues from the positive global markets, and also after witnessing domestic buying interest in large- and mid-cap stocks, the benchmark indices, the Nifty has gained more than 1 per cent in today’s session. However the global stocks declined over the trade jitter and weak earnings from the corporate. Nifty settled at. Auto shares were the major gainers of the day while Media shares were the losers of the day.   

Global Markets

European shares fell for the first time in seven sessions on Tuesday as weak earnings dampened optimism surrounding the U.S.-China trade progress. The pan-European STOXX 600 fell 0.4%.Saudi Aramco aims to announce the start of its initial public offering (IPO) on Nov. 3, after delaying the deal earlier this month to give advisers time to secure cornerstone investors.

Stock Snippets

Shares of Tata Motors on Tuesday zoomed after the company posted strong quarterly results. On the NSE, it advanced 13.35 per cent to Rs 167.40.The auto major reported a consolidated net loss of Rs 187.7 crore for the quarter ended September 30, against a loss of Rs 1,009.49 crore in the same period of 2018-19.

Shares of ICICI Bank on Tuesday jumped 2% after the lender witnessed an improvement in asset quality for September 2019 quarter. The scrip rose 1.95 per cent to 478.60 its 52-week high.

Telecom operator Bharti Airtel on Tuesday has deferred its second quarter and half yearly results to be announced today, to November 14, as more clarity was needed on issues of the recent Supreme Court’s direction on the definition of adjusted gross revenue (AGR).

The Kerala-based South Indian Bank is going ahead with its capital raising plans for which the Board has given its approval to issue Rs 500 crore Tier II bonds. The bank has also received its nod from the Board for the dilution of basic equity by 30 crore shares.

Global Markets

Japan stocks were higher after the close on Tuesday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher. The Nikkei 225 rose 0.47% to hit a new 52-week high.

Saudi Arabian stocks declined the most in the world on Tuesday as investors paved the way for the biggest share sale in the nation’s history by selling off holdings in other equities

Australia stocks were higher after the close on Tuesday, as gains in the IT, Metals & Mining and Materials sectors led shares higher. The S&P/ASX 200 added 0.07% to hit a new 1-month high

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