Latest Stock Market News

The Dow Jones Industrial Average fell 51.57 points, or 0.15%, at the open to 33,874.44

A host of companies including Airtel, Adani Green, Hero MotoCorp among others will announce their third quarter results on Tuesday. >> For more such web stories click on the ET icon below

In the last Fed policy meeting, a 25 basis points rate hike was announced with a less hawkish tone. However, US job market data and comments from Fed officials scheduled this week will be very important to watch for.

The Nifty Pharma index closed 0.07 per cent up at 12193.1.

The recent price action on the benchmark front indicates uncertainty among participants and that might continue in the near term. Traders should thus maintain their focus more on identifying opportunities in the sectors that are showing resilience. However, it’s easier said than done as we’re seeing restricted participation. Also, managing overnight risk is equally important citing the prevailing volatile scenario

Transmission business revenue growth was driven by newly commissioned JKTL and WRSS XXI (A) and recently commissioned lines. Distribution revenue increased on account of a consistent uptick in energy demand," the company said in a release.

With the prepayments, pledged shares in Adani Ports and SEZ, Adani Transmission, and Adani Green Energy will be released, the group said in a statement.

The dollar index and Treasury yields, expectedly, surged on Friday. The dollar index inched up further on Monday while the Thai baht paced losses among Asian currencies. The Thai currency suffered its worst day in more than two decades.

“I am a long-term bull in India. India is going to do very well going forward. You are going to have market fluctuations, you are going to have situations like Adani but the country itself is going to go from strength to strength. Because of Adani, you see some outflows, but the outflows are probably related to the fixed income market.”

Indian shares closed lower on Monday amid pressure on most global markets after bond yields headed northwards. >> For more such web stories click on the ET icon below.