This is the third straight month of rise in CPI. The earlier high was reported in June 2018 when the retail inflation print was recorded at 4.92 per cent. The inflation in the food basket spiked to 7.89 per cent in October 2019 against 5.11 per cent the previous month, mostly due to the surge in vegetable prices.

As per this estimate, Bharti Airtel Group has a liability of Rs. 62,187 crores, Vodafone Idea’s liability stood at Rs. 54,184 crores, and the liability of BSNL and MTNL’s is of Rs. 10,675 crores.

Vedanta Limited participated in the bidding round for the Jamkhani coal block in Sundargarh district, Odisha,and emerged as the highest bidder in the 10th tranche of the captive coal block auction conducted by the Ministry of Coal, Government of India. The coal block is in the proximity to the company’s Jharsuguda aluminium smelter.

This morning, the biggest headlines is that the retail inflation jumped 4.62 per cent in October, breaching the RBI target of 4 per cent for the first time in 14 months on higher food prices. This latest retail inflation data may not go down well with market participants as it reduces the headroom for a rate cut by the RBI at its monetary policy meet due in December.

The level of 11,800 would hold the key as a sustainable move below this level the doors for correction would open up towards the zone of 11,670-11,700. Stocks in news: Vedanta, Aurobindo Pharma, Greaves Cotton, ITC.

The following stocks will be in focus during Thursday’s trading session in light of their results announcements: Action Construction Equipment, Balkrishna Industries, Apollo Hospital Enterprises, Bharti Airtel and CESC.

A part of the RPG Group, KEC International Limited, has bagged new orders worth Rs. 2,255 crores across various businesses. Its transmission and distribution segment has secured orders worth Rs. 885 crores for T&D projects, urban transport segment received orders worth Rs. 853 crores, and railways segment gained orders of Rs. 517 crores.

During the quarter in review, the overall production has increased by 25 per cent Y-o-Y, thanks to higher capacity utilization at existing plants and additional capacities installation at new facilities in Ghana and Tanzania.

Thanks to critical global conditions, gold showed a good rally a few months back. However, it seems to be consolidating at present. Is gold losing its shine? Let’s find out.

Trident Limited has been granted the patent for ‘Apparatus and Method for treating an industrial Effluent containing Sodium Sulphate’ by Indian Patent Office, the Government of India.