Business
India’s Oct YoY retail sales fall on supply shortage, cost pressures: FADA
Semiconductor supply shortages as well as inflationary pressures dampened India’s overall vehicle retail sales on a year-on-year basis, in October 2021.
Accordingly, the data released by the Federation of Automobile Dealers Associations (FADA) showed a fall of 5.33 per cent during the month under review from October 2020.
The vehicle retail sales fell to 13,64,526 units last month from 14,41,299 units sold during the corresponding month of 2020.
However, on a sequential basis, the overall vehicle retail sales for last month was higher than 12,96,257 units sold in September 2021.
Similarly, last month’s overall retail sales figure, when compared to the October 2019 (pre-pandemic) period, showed a decline of 26.64 per cent.
In October 2019, the overall vehicle retail sales stood at 18,60,098 units.
Notably, the 42-days festive period during 2021 saw retail sales falling by 18.21 per cent to 20,90,893 from the corresponding period of last year.
Semiconductor supply shortages as well as inflationary pressures dampened India’s overall vehicle retail sales on a year-on-year basis, in October 2021.
Accordingly, the data released by the Federation of Automobile Dealers Associations (FADA) showed a fall of 5.33 per cent during the month under review from October 2020.
The vehicle retail sales fell to 13,64,526 units last month from 14,41,299 units sold during the corresponding month of 2020.
However, on a sequential basis, the overall vehicle retail sales for last month was higher than 12,96,257 units sold in September 2021.
Similarly, last month’s overall retail sales figure, when compared to the October 2019 (pre-pandemic) period, showed a decline of 26.64 per cent.
In October 2019, the overall vehicle retail sales stood at 18,60,098 units.
Notably, the 42-days festive period during 2021 saw retail sales falling by 18.21 per cent to 20,90,893 from the corresponding period of last year.
Business
FII inflows, Nvidia earnings, oil prices among key factors to drive stock market next week

Indian stock markets are likely to remain volatile next week as investors track foreign institutional investor (FII) flows, crude oil price movements, Nvidia’s quarterly earnings and changing interest rate expectations.
After a spectacular rally that pushed the Sensex and Nifty higher for 10 consecutive sessions, benchmark indices witnessed some profit booking towards the end of last week. However, sustained foreign inflows and resilient corporate earnings helped markets retain their weekly gains.
The Sensex declined 319 points to close at 81,592 on Friday (November 13), while the Nifty slipped over 155 points to settle at 25,144, snapping a three-session winning streak.
The correction came amid renewed concerns over global AI-related trade, rising crude oil prices and expectations of tighter monetary policy following a sharper-than-expected increase in domestic inflation.
One of the biggest factors influencing market sentiment next week will be the continuation of FII buying. Foreign investors remained net buyers of Indian equities for the tenth consecutive session on Friday, purchasing shares worth Rs 5,736.55 crore, according to provisional NSE data.
Crude oil prices will also remain on investors’ radar as geopolitical developments in the Middle East continue to create uncertainty over global energy supplies.
While comments from US President Donald Trump suggesting that the Iran war was effectively over initially eased concerns and triggered a decline in oil prices, fresh attacks on Saudi energy infrastructure and disruptions to shipping through the Strait of Hormuz led to a rebound.
Brent crude is currently hovering near $96 per barrel. Any further rise in oil prices could weigh on India’s macroeconomic outlook, inflation and corporate margins, while a sustained decline may support market sentiment.
Global technology stocks will also be in focus as investors await Nvidia’s quarterly earnings announcement scheduled for Tuesday (November 17).
The chipmaker’s results and management commentary could influence sentiment around the global artificial intelligence trade.
Any sharp movement in AI-related stocks may have an impact on Indian equities, particularly technology shares, as investors assess the implications for global growth and the competitive positioning of Indian IT companies.
Meanwhile, rising inflation has brought interest rate expectations back into focus. India’s retail inflation accelerated to 6.09 per cent in October from 5.54 per cent in September, breaching the Reserve Bank of India’s upper tolerance limit of 6 per cent.
The latest reading has strengthened concerns about the possibility of monetary tightening, with several economists anticipating a potential rate hike at the RBI’s December policy meeting. Market participants will closely assess the implications of higher inflation for borrowing costs, liquidity and economic growth.
Business
FII inflows, Nvidia earnings, oil prices among key factors to drive stock market next week

Indian stock markets are likely to remain volatile next week as investors track foreign institutional investor (FII) flows, crude oil price movements, Nvidia’s quarterly earnings and changing interest rate expectations.
After a spectacular rally that pushed the Sensex and Nifty higher for 10 consecutive sessions, benchmark indices witnessed some profit booking towards the end of last week. However, sustained foreign inflows and resilient corporate earnings helped markets retain their weekly gains.
The Sensex declined 319 points to close at 81,592 on Friday (November 13), while the Nifty slipped over 155 points to settle at 25,144, snapping a three-session winning streak.
The correction came amid renewed concerns over global AI-related trade, rising crude oil prices and expectations of tighter monetary policy following a sharper-than-expected increase in domestic inflation.
One of the biggest factors influencing market sentiment next week will be the continuation of FII buying. Foreign investors remained net buyers of Indian equities for the tenth consecutive session on Friday, purchasing shares worth Rs 5,736.55 crore, according to provisional NSE data.
Crude oil prices will also remain on investors’ radar as geopolitical developments in the Middle East continue to create uncertainty over global energy supplies.
While comments from US President Donald Trump suggesting that the Iran war was effectively over initially eased concerns and triggered a decline in oil prices, fresh attacks on Saudi energy infrastructure and disruptions to shipping through the Strait of Hormuz led to a rebound.
Brent crude is currently hovering near $96 per barrel. Any further rise in oil prices could weigh on India’s macroeconomic outlook, inflation and corporate margins, while a sustained decline may support market sentiment.
Global technology stocks will also be in focus as investors await Nvidia’s quarterly earnings announcement scheduled for Tuesday (November 17).
The chipmaker’s results and management commentary could influence sentiment around the global artificial intelligence trade.
Any sharp movement in AI-related stocks may have an impact on Indian equities, particularly technology shares, as investors assess the implications for global growth and the competitive positioning of Indian IT companies.
Meanwhile, rising inflation has brought interest rate expectations back into focus. India’s retail inflation accelerated to 6.09 per cent in October from 5.54 per cent in September, breaching the Reserve Bank of India’s upper tolerance limit of 6 per cent.
The latest reading has strengthened concerns about the possibility of monetary tightening, with several economists anticipating a potential rate hike at the RBI’s December policy meeting. Market participants will closely assess the implications of higher inflation for borrowing costs, liquidity and economic growth.
Business
US flight disruption: Air India advises passengers to check latest status

New Delhi : Air India on Saturday advised passengers to check the latest status of their flights and plan their journey to the airport accordingly, amid massive disruption at the US airports. The Federal Aviation Administration (FAA) lifted a nationwide ground stop that had halted departures at US airports after a communications failure, though airlines warned that disruption and cancellations could continue.
“A nationwide ground stop is currently in effect across the US due to communication outages affecting air traffic operations. As a result, departures from airports across US are impacted, with possible consequential disruptions to Air India flights to and from the US,” Air India said in a statement posted on X. “Our teams continue to closely monitor the situation and will share updates as available,” it added. The cancellation of US flights happened after a communications problem affected air traffic operations. The notice announcing the cancellation did not specify the cause of the failure or say that airline schedules had returned to normal.
Earlier, the FAA’s Air Traffic Control System Command Center said the ground stop remained in effect across a large portion of the country, although some coastal facilities had been able to release international departures. In an update, American Airlines said some flights from certain airports were beginning to receive clearance to depart. At that point, most departures remained paused, and the airline expected further disruption, including unavoidable cancellations. American advised customers to check their flight status and review its travel alert for options. Its warning was issued before the FAA’s cancellation advisory. Homeland Security Secretary Markwayne Mullin told reporters earlier that officials had acted as a precaution following a telecommunications outage affecting the FAA. “There is no indication as of yet that this was a nefarious attack,” he said at the time. That preliminary assessment did not rule out a cyberattack.
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