Stock Market Live Updates Today: Trends on SGX Nifty indicate a gap-down opening for the index in India with a 124-points loss

At 11 am, the S&P BSE Sensex was down 1,382.75 points or -2.35 percent at 57,412.34, while the Nifty 50 tanked 414.80 points (2.37 per cent) to 17,121.45. Both the indices had opened over 1 per cent higher and extended losses as the session progressed on Friday.

Paytm shares snap 3-day winning streak; stock tanks over 7%

Shares of One97 Communications, parent of Paytm, tanked over 7 percent after rising for three trading sessions back to back. Overall weakness in the broader market also weighed on Paytm's shares. Nifty50 and Sensex both fell close to 2 percent today. At 9:36 am, the stock was down over 3 percent at Rs 1,740.5 on the BSE. In this week, the stock has risen over 11 percent.

Latent View shares trade volatile; fall over 4% after rising 20% in early trade

Following a blockbuster market debut on Tuesday, shares of Latent View Analytics fell over four percent on Friday after rising 20 percent during opening trade.

At 9:25 am, Latent View was trading 4.23 percent lower, or down 29.70 points, at Rs 672.65 while the equity benchmark Sensex plummeted over 900 points in early trade on heavy across-the-board selling amid a negative trend in global markets and unabated foreign fund outflows.

Credit cards battle BNPL, banking on aspirational value

Wary of the growth in India’s ‘buy now, pay later’ (BNPL) market, credit card issuers are banking on the fact that credit cards still remain an aspirational product, leaving ample opportunity for both payment categories.

Tarsons share price listing today. Experts predict above 20% listing gain

Shares of Tarsons Products are going to hit Indian bourses today. While Tarsons IPO GMP (grey market premium) today is ₹177, stock market experts are of the opinion that Tarsons share price may open at above 20 per cent premium against its price band of ₹635 to ₹662 per equity share. They said that lucky bidders of the public issue can expect Tarsons share listing price to be in the range of ₹800 to ₹850. However, in bull’s case, Tarsons Products share price listing may go up to ₹920, giving up to 35 per cent maximum premium to the shareholders.

Ad volumes see sharp recovery in July-September period, news and GEC record highest share

After a 10 percent drop in advertising volumes on TV during the April-June period due to the second wave of coronavirus, ad volumes rebounded in July-September with a ‘V’ shape recovery and an 11 percent surge over the prior quarter.

With an increase in TV ad volumes in July-September period this year, the number of categories, advertisers, and brands climbed by six percent, 12 percent, and 12 percent, respectively, over the same period last year, according to AdEx India, a division of TAM Media Research, a television audience measurement analysis firm.

Japan's service prices rise for 8th straight month as freight cost spikes

The prices Japanese companies charge each other for services rose 1.0% in October from a year earlier, their eighth straight month of gains and a sign inflationary pressure was building due to higher global commodity costs.

The services producer price index hit 105.4 in October, the highest since November 2001, Bank of Japan (BOJ) data showed on Thursday.

European markets end higher

The UK's blue-chip index crept higher for a fourth session on Thursday as gains in consumer stocks offset losses stemming from ex-dividend trading, while pub group Mitchells rose after its sales surpassed pre-pandemic levels. The export-heavy FTSE 100 gained 0.3%.

Australian retail sales surge in Oct as economy revives

Australian retail sales rebounded with a bang in October as the lifting of many stay-at-home restrictions unleashed a wave of pent-up shopping, further evidence the economy is recovering rapidly from a pandemic-induced slump.

Data from the Australian Bureau of Statistics out on Friday showed retail sales jumped 4.9% in October to A$31.1 billion ($22.31 billion), extending September's already strong 1.7% bounce.

Dollar reigns as hawkish Federal Reserve stands out among central banks

The US dollar traded near its highest in over a year to the euro and close to a five-year peak against the yen as a hawkish tilt by Federal Reserve policymakers, buoyed by solid U.S. data, contrasted with more dovish monetary outlooks in Europe and Japan.

The dollar index , which measures the greenback against six major peers, eased 0.1% to 96.733, but remained within touching distance of Wednesday's high at 96.938, the strongest level since July 2020.