Indian leading index BSE hits a record high on Monday and opens 203 points up at 32636. While Nifty hits new High of 10228 ahead of Diwali and Dhantiras. RIL(Reliance Industries Ltd) trending in BSE after the company declared 13% jump in net consolidated profit in Q2.News of merger between Indus India Bank and BFIL(Bharat Financial Inclusion) is trending amongst traders. The share swap ratio looks favorable to the shareholders of Bharat Financial Inclusion (BFIL). As per the swap ratio announced on Saturday, on every 1,000 shares of BFIL, their shareholders will receive 639 shares of IndusInd Bank.
Godrej Agrovet shares mark a strong debut on Monday after the company recently opens its IPO last week. The stock of Godrej Agrovet jumps as much as 35% to Rs 621 from the issue price of Rs 460 on BSE. After the market opening bell trading, 54 lakh shares exchanged hands on both indexes BSE and NSE today. Shares of Godrej Agrovet today jumped to 37% to hit the record high of Rs 629.85. Some consolidation is seen after a huge rally in the share in the early trading hours, the stock is trading at 601 on BSE at 10:32 IST.
World Commodities: Asian markets open high with Nikkei leading index of Japan hits a record high in last 21 years. As Japan JPUSD gains 0.2% over weaker yen which pushed which lifted export and finance stocks. Australia’s S&P/ASX 200 XJO gains +0.56% was up 0.5% in early trade.HongKong’s HSI gained 0.7%, while Singapore’s Straits Times Index was up 0.2%.
Investors will closely watch the key meeting of China’s political elite, the results of which could provide the new directions to the region’s markets. The Communist Party Congress could introduce significant economic and political changes on Wednesday.The Shanghai Composite Index SHCOMP, +0.11% was flat,