Asian markets are trading mixed as they started with a data-heavy week with investors focused on economic readings from several countries, including Japan, South Korea and China. Nikkei traded lower by 0.33%, whereas Shanghai and Hang Seng traded higher by 0.57% and 0.94% respectively

Retail Research

In the November series, Nifty futures has traded in 1388 points range. In the first half of the series, the index witnessed a sharp correction and marked a low of 23277 level near an important long term support. Thereafter it witnessed a minor recovery in the Expiry week. Finally, the series has settled at the 23914 level with a loss of 1.20 percent.

Asian markets opened with a negative bias with investors assessing Nov'24 inflation numbers from Tokyo and industrial production figures from South Korea. Nikkei traded lower by 0.64%, whereas Shanghai and Hang Seng traded higher by 0.19% and 0.06% respectively.

End of Day Summary

Retail Research

Asian markets are trading mixed as investors assess a surprise interest rate cut by South Korea. Nikkei is trading higher by 0.35% while Hang Seng and Shanghai are trading lower by 1.10% and 0.19% respectively.

In Q2FY25, we observed positive YoY revenue growth coupled with expansion in YoY EBITDA margins for most of our coverage companies.
Double-digit YoY volume growth was the primary driver of top-line performance, although price realizations remained flat or experienced a slight decline for the majority of companies.