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JPMorgan index, so far in November, according to clearing house data on Thursday. A rise in U.S. yields along with a stronger dollar have driven the selling, traders and analysts said. They expect the outflows to persist until global market volatility settles.

STOXX 600 rose at the open on Thursday, led by energy and technology stocks, as upbeat earnings supported gains in the benchmark. The pan-European STOXX 600 was up 0.3% as of 0813 GMT, although it was pinned near its lowest level in three weeks.

At around $1.06, the euro has slumped nearly 5% from more than one-year highs in September when a weakening economic outlook stopped it in its tracks.

earnings season is underway and as many as 1203 companies will announce their quarterly numbers for the July-September 2024 period today. Key results to watch out for include that of HAL, Grasim, Hero MotoCorp, Honasa Consumer and Delhivery. Apart from the above, Akar Auto Industries, ABC India, Ace Engitech, Acme Resources, ADS Diagnostic, Aimco Pesticides, Ajanta Soya, Bajaj Healthcare, Bharat Forge, Coffee Day Enterprises, Deep Polymers, Delta Industrial Resources, Dalmia Industrial Development, Flora Corporation, Generic Engineering Construction, Glittek Granites, Hindustan Urban Infrastructure, Jaypee Infratech, Lemon Tree Hotels and a few others will also announce their quarterly results.

Gold prices were flat on Thursday after hitting a two-month low earlier, pressured by a stronger U.S. dollar and uncertainty regarding the pace of the Federal Reserve's interest rate cuts.

Oil prices dropped slightly early on Thursday on expectations of higher global production amid forecasts for weak demand growth, while a firmer dollar also kept a lid on prices. Brent crude futures were down 6 cents, or 0.08%, at $72.22 a barrel by 0133 GMT. U.S. West Texas Intermediate crude (WTI) futures were down 13 cents, or 0.19%, at $68.30.

Federal Reserve easing. Cryptocurrency bitcoin also shot to a fresh record high of $93,480 overnight, and was rising back towards that level early in Asia's day. Trump has vowed to make the United States «the crypto capital of the planet».

The consumer price index (CPI) rose 0.2% in October for the fourth straight month and advanced 2.6% on an annual basis, the Labor Department's Bureau of Labor Statistics said. Excluding the volatile food and energy components, the CPI increased 0.3% in October, meeting economists' forecasts.

Subscribe to enjoy similar stories. The stock market has faced mounting pressure recently, with foreign institutional investors (FIIs) stepping up their selling since the start of October. This aggressive sell-off has triggered a sharp retreat in major indices like the Nifty50, which has now fallen over 10% from its all-time high of 26,277.

The Sensex and Nifty have dropped 10% from peaks on September 27, resulting in the indices entering the technical corrective phase. When an index falls 10% from its peak in a short span, it's considered a correction. A 20% decline makes it a bear phase.

NSE opted to scrap the Nifty Bank weekly contracts and chose to retain Nifty's. The cut-off date set by the regulator to discontinue weekly derivative contracts is November 20.

Burman family to acquire Religare Broking, the broking arm of the holding company Religare Enterprises (REL). The move is a part of the open offer for REL launched by entities controlled by the Burman Family and comes after a nod from the competition regulator and the insurance watchdog.

The Alberta government surprised everyone last week by firing the CEO and entire board of directors of AIMCo last week, declaring the need for a “reset” at the $160-billion asset manager.

net profit rose 3% year-on-year (YoY) to Rs 82 crore in Q2FY25 compared to Rs 79.6 crore in the corresponding period of the previous year. Revenue grew 12% YoY to Rs 258 crore in Q2FY25 driven by 40% growth in CDMO business and consolidation of acquired business.

employee benefit trust under unit-based employee benefit (UBEB) schemes. This will facilitate easier acquisition and distribution of units to employees. «In order to promote ease of doing business and to facilitate the acquisition of units by the employee benefit trust and the subsequent transfer of units to the employees as per the terms of the UBEB scheme, it is proposed that the… lock-in and allotment related restrictions shall not apply to the employee benefit trust,» Sebi said in separate circulars.

Wockhardt on Wednesday reported a net loss of Rs 16 crore in Q2FY25 led by improved performance across UK, India and emerging markets. The Mumbai-based drug maker reported a net loss of Rs 73 crore in Q2FY24.

«Yes, there is substantial evidence and analysis suggesting that Elon Musk has spread misinformation on various topics, including elections, to a very large audience through his social media platform, X,» Grok answered. This response has led to a flurry of reactions online, with many users pointing out the irony of Musk's own creation calling him out for misinformation. The fact that Grok—an AI developed under Musk's leadership—acknowledged the issue has prompted widespread mockery and debate.

Alkem Laboratories on Wednesday posted a 11% year-on-year (y-o-y) jump in net profit to Rs 689 crore in Q2FY25 led by growth in domestic formulation sales. The company reported Rs 620.5 crore in the corresponding quarter of the previous year.

Jyotivardhan Jaipuria, Founder & MD, Valentis Advisors, says he typically tries to buy stocks following the three-U philosophy. He buys the undervalued, under-owned and underperforming stocks. So, for him, the valuation of food valuation and q-comm stocks has been a big constraint as at these valuations, the margin for safety is quite low. So, even though growth will come, there is not that much margin of safety. What is happening in the market? Can a conclusion be drawn that it is the disappointment on the earnings front that is leading to such a downtick in the markets? Or do you think there are a lot of moving parts that one needs to watch out for? Jyotivardhan Jaipuria: I guess the starting point was valuation. The valuations have been expensive for some time. A lot of us have been expressing concerns about that. So, when valuations are expensive, you need one trigger. The earnings were a little disappointing, that was one trigger. Also, probably the fact that China did a stimulus and there was a revival in interest in China. So to that extent, people are taking money off the table in some of the other countries that have done well. So, those would be the two points to think about in this correction.

Dalal Street as Nifty is now 10% from its 52-week high of 26,277 while Sensex has lost over 8,000 points from its peak. While the headline indices will be treated in bear grip if they fall below 20% from the peak, retail investor portfolios are already reflecting signs of a bear market as more than 900 stocks above Rs 1,000 crore market capitalisation are down at least 20% from their 52-week high levels.

Tube Investments of India Ltd. traded 2.16 per cent in Wednesday's session at 01:37PM (IST). The stock opened at Rs 3562.10 and has touched an intraday high and low of Rs 3580.70 and Rs 3470.00, respectively, during the session so far. The stock quoted a 52-week high of Rs 4807.05 and a 52-week low of 3130.50. About 10,611 shares changed hands on the counter so far.