To access a PDF version of this newsletter, please click here here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH 10:00 am: Shriram City Union Finance analyst conference call post 2Q earnings. 11:00 am: Punjab National Bank Chief Executive and Managing Director CH. S.S. Mallikarjuna Rao at a virtual press conference post 2Q earnings. 4:00 pm: Health Ministry briefing on coronavirus situation in New Delhi. 4:00 pm: Petroleum Secretary Tarun Kapoor at PHD Chamber of Commerce virtual natural gas conclave. 4:30 pm: Dabur India analyst conference call post 2Q earnings. 5:00 pm: Muthoot Finance conference call post 2Q earnings. PROMOTIONS LIVECHAT - REUTERS GLOBAL MARKETS FORUM Dennis Darnoi, Republican strategist in Michigan, analyses Election Day and how the results process could play out in the key state of Michigan. To join the conversation at 8:30 pm IST, click here here INDIA TOP NEWS • India's October factory growth at decade high as demand bounces back India's factory activity expanded at its fastest pace in over a decade in October as demand and output continued to recover strongly from coronavirus-related disruptions, but firms cut more jobs, a private survey showed. • Vedanta, Hindalco among winners of country's coal mine auctions Vedanta and Hindalco Industries were among the first private companies chosen to operate coal mines in the country without end-use restrictions, the government said on Monday. • India's October jobless rate rises to 6.98% - private think-tank CMIE India’s unemployment rate in October rose to 6.98% from 6.67% in September, according to data released by the Centre for Monitoring Indian Economy (CMIE). • India buys more paddy rice after farmers protest new laws India's new season paddy rice purchases from local farmers rose 21% by the end of October as New Delhi tried to allay farmers' concerns that new agricultural laws mean the federal government will stop buying food grains at guaranteed prices. • India's coronavirus tally rises to 8.2 million India recorded 45,231 new coronavirus infections, taking its total cases to 8.23 million, the health ministry said on Monday. GLOBAL TOP NEWS • In final pre-election push, Biden and Trump also gird for court battle President Donald Trump and Democratic rival Joe Biden made a last-ditch push for votes in battleground states on Monday as their campaigns prepared for post-election disputes that could prolong a divisive presidential election. • Europe's COVID-19 curbs prompt pushback amid bleak countdown to Christmas A wave of COVID-19 lockdowns and curbs has stirred resistance across Europe, with the right-wing British politician who helped force an EU referendum harnessing popular anger at a new lockdown by recasting his Brexit Party under a new banner. • Twitter board expresses confidence in CEO Dorsey The board of Twitter expressed support for Chief Executive Officer Jack Dorsey on Monday and said it had confidence in the social media company's "current structure". LOCAL MARKETS OUTLOOK (As reported by NewsRise) • SGX Nifty nearest-month futures were trading 0.6% higher at 11,756.20. • The Indian rupee is expected to trade little changed to the dollar amid rangebound moves in Asian peers ahead of the U.S elections. • Indian government bond yields are likely to edge higher in early session ahead of a fresh supply of state debt and uncertainty before the U.S. presidential elections today. The yield on the benchmark 5.77% bond maturing in 2030 is likely to trade in a 5.87%-5.93% band today. GLOBAL MARKETS • The Dow and S&P closed higher on Monday with the Nasdaq posting slimmer gains on the eve of the U.S. presidential election, as investors girded for what could be big market swings this week. • Asian shares got off to a strong start as investors were encouraged by strong factory output data in China, Europe and the United States, while the dollar and gold held ground on political uncertainty ahead of U.S. elections. • The U.S. dollar hovered near a one-month high as investors opted for caution in the hours ahead of polls opening on election day in the United States. • U.S. Treasury yields mostly drifted lower on Monday as investors braced for an action-packed week headlined by Tuesday's presidential election. • Oil prices slipped as worries about soaring COVID-19 cases, rapidly rising Libyan supply and U.S election jitters outweighed growing hopes that major producers would hold back on planned production increases. • Gold prices were little changed, after rising nearly 1% in the previous session, as caution set in ahead of the U.S presidential elections. CLOSE FII INVESTMENTS EQUITIES DEBT PNDF spot 74.43/74.46 November 2 (1,405.95) crores 480.14 crores 10-yr bond yield 5.89% Month-to-date (1,406) crores 480 crores Year-to-date 46,482 crores (1,06,666) crores (FII investment numbers are in Indian rupees. Source: National Securities Depository Limited) For additional data: India govt bond market volumes Stock market reports Non-deliverable forwards data Corporate debt stories [IN CORPD] Local market closing/intraday levels [IN SNAPSHOT] Monthly inflows [INFLOWS RTRS TABLE IN] ($1 = 74.50 Indian rupees) (Compiled by Pranay Prakash in Bengaluru)
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