FACTORS TO WATCH 2:30 pm: Finance Minister Nirmala Sitharaman and SEBI Chairman Ajay Tyagi at NSE’s silver jubilee celebrations in Mumbai. 2:30 pm: RBI Executive Director S. Ganesh Kumar at BSE’s Gold event in Mumbai.

INDIA TOP NEWS Asia trade pact doesn't reflect India's interests, decided not to join - PM Modi Prime Minister Narendra Modi said on Monday that he could not compromise the interests of farmers and workers at home by joining a China-led regional trade pact after it failed to address Delhi's concerns over market access.

Delhi banishes some cars in bid to curb hazardous air pollution Authorities in India's capital New Delhi banished from the roads cars with number plates ending in an odd number on Monday in a bid to cut hazardous air pollution shrouding the city.

Burger King's India unit looks to raise 4 billion rupees in IPO The Indian arm of U.S.-based Burger King filed for a local initial public offering (IPO) to raise up to 4 billion rupees on Monday, as it looks to open more restaurants in a country where international fast-food brands are gaining in popularity.

Infosys says no immediate evidence to support whistleblower complaints Indian IT services major Infosys said on Monday it had not yet received any evidence to support the allegations in a whistleblower letter from last month.

Activist asks Indian court to order probe into WhatsApp over hacking scandal A right-wing social activist in India filed a petition asking the country's top court to order a probe into Facebook and WhatsApp over revelations that a piece of spyware had exploited vulnerabilities in the popular messaging app to snoop on hundreds of devices.

India's October gold imports drop 33% as higher prices curtail festive buying India's gold imports in October fell a third from a year earlier, dropping a fourth straight month as near record-high prices dampened festive buying in the world's second-biggest consumer of the metal, a government source said on Monday.

IndiGo says systems back to normal after outage hits flyers India's largest airline IndiGo said on Monday its flights and check-in systems were running normally, after an hours-long outage hit operations at airports, leading to long queues and hassling passengers.

GLOBAL TOP STORIES Chinese President Xi says need to bring down trade barriers Global trade barriers must be removed, and countries should uphold basic multilateral trade principles while standing firm against protectionism and unilateralism, Chinese President Xi Jinping said in a speech.

China central bank cuts medium-term loan rate for 1st time since 2016 as growth cools China's central bank cut the interest rate on its medium-term lending facility (MLF) for the first time since early 2016, as policymakers work to prop up a slowing economy hit by weaker demand at home and abroad.

Uber's quarterly loss widens as costs rise; shares fall Uber on Monday posted a wider third-quarter loss as the company tries to outspend competitors through discounts and invests heavily in loss-making new business ventures, sending its shares down in after-hours trading.

STATE OF THE MARKETS SGX Nifty nearest-month futures were almost flat at 11,974. - NewsRise

The Indian rupee is expected to open little changed against the U.S. currency amid a rebound in the dollar index and fresh record highs of the U.S. equities. - NewsRise

Indian government bonds will likely open lower, tracking a sharp uptick in U.S. Treasury yields as demand for safe-haven assets eased amid rising hopes of a trade truce between the United States and China. The yield on the benchmark 6.45% bond maturing in 2029 is likely to trade in a range of 6.46%-6.52%. - NewsRise

All three major U.S. stock indexes posted record closing highs on Monday, extending a recent run of gains on further hopes of a U.S.-China trade deal.

Asian shares approached their July peak on signs the United States and China are inching closer to a truce in their trade war and on optimism the U.S. economy is poised for solid, consumer-driven growth.

The U.S. dollar rose against the yen thanks to growing optimism the United States and China are on the verge of reaching a preliminary agreement to scale back their bruising trade war.

U.S. Treasury yields rose on Monday ahead of this week's Treasury Department debt auctions, and as risk sentiment improved on optimism about a deal to de-escalate the U.S.-China trade war.

Oil prices slipped amid doubts over whether OPEC and other countries will continue to restrain output, edging lower after two days of gains on U.S. economic data and hopes for a Washington-Beijing trade deal.

Gold prices edged down, extending losses to a second straight session, as hopes of a U.S.-China trade pact bolstered the dollar and increased appetite for riskier assets, weighing on the safe-haven bullion.

CLOSE FII INVESTMENTS EQUITIES DEBT PNDF spot 70.70/70.73 November 4 1,807.16 crore 1,655.67 crore 10-yr bond yield 6.50% Month-to-date 3,797 crore 2,712 crore Year-to-date 72,350 crore 35,568 crore

(FII investment numbers are in Indian rupees. Source: National Securities Depository Limited)

2 PICTURE OF THE DAY

A policewoman wears a mask to protect herself from air pollution at a junction during restrictions on private vehicles based on registration plates on a smoggy morning in New Delhi, November 4. REUTERS/Danish Siddiqui

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