Asian shares markets tracked Wall Street indices and traded higher today, buoyed by signals the US Federal Reserve may slow the pace of interest rate hikes and news of fresh economic stimulus from China.

The Nikkei is up 1.7% while the Hang Seng is trading higher by 0.5%. The Shanghai Composite is down 0.1%.

Wall Street's main indices ended Wednesday with solid gains after the Federal Reserve's November meeting minutes showed interest rate hikes may slow soon.

The Dow Jones ended 0.3% higher while the Nasdaq rose 1%.

Here's a table showing the performance of US indices and US stocks on Wednesday.

Source: Equitymaster

Back home, Indian share markets are trading on a firm note following the trend on SGX Nifty and tracking global cues.

The BSE Sensex is trading up by 276 points. Meanwhile, the NSE Nifty is trading higher by 85 points.

Power Grid and HDC Bank are among the top gainers today. Kotak Mahindra Bank and Bharti Airtel, on the other hand, are among the top losers today.

The BSE Mid Cap index is up 0.4% while the BSE Small Cap is trading higher by 0.6%.

Sectoral indices are trading on a positive note with the exception of the metal sector and realty sector.

Stocks in the IT sector, and oil and gas sector witness buying.

Shares of VST Industries and Aegis Logistics hit their 52-week highs today.

The rupee is trading at 81.7 against the US$.

Gold prices are trading up by 0.4% at Rs 52,680 per 10 grams.

Meanwhile, silver prices are trading up by 1% at Rs 62,225 per kg.
 

Olectra Greentech Share Price Dips

Olectra Greentech is one of the electric vehicle stocks in India.

The multibagger stock of the recent past has fallen more than 18% in the last month.

This was despite the fact that the company reported robust numbers for the September 2022 quarter.

Olectra Greentech shares have declined by more than 28.7% in the last five days and more than 18% in the month gone by.

The stock is also down over 40% in 2022. However, since the March 2020 crash, the stock is up more than 900%. This has been on the back of various large orders.

Today, Olectra Greentech's share price is up around 10%.
 

Amid High FIFA Fever, INOX to Screen Live Matches

Multiplex operator Inox Leisure on Wednesday announced to screen of live matches of the FIFA World Cup across its 22 multiplexes in 15 cities.

It will beam live around 40 matches of FIFA World Cup Qatar 2022, which commenced earlier this week and will end on 18 December.

The company said that Soccer fans will experience stadium energy in a carnival-like atmosphere at its multiplex.

Earlier Inox had also beamed selected matches of the recently concluded Men's T20 World Cup 2022 and Asia Cup matches at its selected screens.

Now, the multiplex industry, which was hit hard during the lockdown and Covid-induced restriction for almost two years, is looking for alternate revenue sources beyond the traditional film exhibition business.

The players have rolled out new initiatives, such as private screening of films for merchandising business. The industry is also working to increase revenue from Food and beverage (F&B) segment by boosting its revenue.
 

Apollo Tyres Enters a New Partnership

Apollo Tyres on Wednesday announced a sustainable material partnership with Tyromer Inc, which will supply recycled rubber material produced using environmentally sustainable processes to it.

Through the partnership, Tyre-Derived Polymer (TDP) will be used for new tyres. Tyromer Inc, through its Indian associate Tyromer India LLP, is committed to supplying recycled rubber material, the company said in a statement.

Tyromer is a leader in the non-chemical devulcanisation of end-of-life tyres.

Tyre stocks are forming the base since December 2021. 
 

Indigo Launches New Flights

Interglobe Aviation - the operator of IndiGo on Wednesday launched flight services to Portugal and Switzerland via Istanbul under its codeshare partnership with Turkish Airlines.

These new routes and frequencies are effective from 23 November. It will offer new options and more capacity for customers exploring travel between India and Europe in the upcoming holiday season.

Indigo witnessed a huge demand for travel from India to Turkey, Switzerland, and Portugal. Keeping customer demand in mind, they now offer 19 connecting flights through Istanbul to destinations like Geneva, Lisbon, Porto, and Basel.

This will not only enhance international connectivity but also add capacity to these routes and make travel more affordable.

Meanwhile, in a separate statement, IndiGo announced it operated its first international freighter flight between Kolkata and Yangon on 22 November.

With its flight between Kolkata-Yangon, they have expanded IndiGo CarGo operations to international shores. Both cities are major commercial hubs, and freighter service between them will bolster the supply chain between India and Myanmar.

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