Business & Investment

Today’s Nifty: SGX Nifty is up 110 points.This is what changed for the market while you were sleeping

The domestic stock exchange will catch up with its global peers on Wednesday after remaining closed on Tuesday for Republic Day. All eyes will focus on the downside, a little surprised quarterly earnings and the Fed’s monetary policy late tonight.

This is the breakdown Before marketing Action.

Market condition

Get nifty futures on Singapore trading
After falling to trading on Tuesday, Singapore Exchange Nifty futures traded at 14,191.50, up 110.5 points (0.78%). The domestic stock exchange, which closed on Tuesday for Republic Day, will catch up on Wednesday.

Tech View: Neat charts suggest negative momentum
Monday’s Nifty 50 was below the simple moving average of 5, 13 and 20 days, forming “three black crows” on the daily chart. The index also formed low highs and lows in the second consecutive session. Support levels have also shifted lower, suggesting analysts are weakening the momentum.

Asian stocks Early trade rise

Asian stocks rose on Wednesday, bouncing back from the plunge on Tuesday. The Nikkei Stock Average in Japan was 28,683.63, up 0.48%. South Korea’s Kospi rose 1.01% to 3,171.96. Hong Kong’s Hang Seng Index rose 0.6% to 29,568.71. China’s Shanghai Composite Index rose 0.16% to 3,575.25.

U.S. stocks Settle down

On Tuesday, Wall Street saw stock prices fall after spending most of the day in the red as investors weighed the consequences of growing concerns about pandemics and strong corporate earnings. The S & P 500 fell 5.74 points (0.1%) to 3,849.62. The Dow Jones Industrial Average fell 22.96 points (0.1%) to 30,937.04. Nasdaq fell 9.93 points (0.1%) to 13,626.06.

HUL Announces Axis Bank Results for Third Quarter Today

Hindustan Unilever, Axis Bank, ICICI Prudential Life, Marico, United Spirits, Bank of Baroda, Canara Bank, Emami, Nalco, Quess Corp, PNB Housing, Nippon LIfe Asset Management and India Cements are companies announcing their December quarterly results. is. Wednesday.

FPI sells shares worth 765 rupees

Net Net, Foreign Portfolio Investor (FPI) is a seller of domestic stocks at Rs 765.30, suggesting data available at NSE. According to the data, DII was a net sale of Rs 387.76.

Money market

Rupee: Rupee rose 3 paisa to settle at 72.94 against the US dollar on Monday, expanding profits for the fifth straight session despite mass sales of domestic stocks market..

10-year bond: India’s 10-year fixed income yield rose 0.25% to 5.95 after trading in the range 5.93-5.96.

Data / events to monitor

  • Q3 Revenue: Axis Bank I BoB I Canara Bank I HUL I ICICI Pru Life I India Cement I Marico
  • Japan’s leading economic index last November (10:30 am)
  • US MBA Mortgage Application January 22 (5:30 pm)
  • US Durable Goods Order MoM December (07:00 pm)
  • US EIA Crude Oil Inventory Change January 22 (9 pm)
  • Federal Reserve Board of Governors Interest Rate Decisions


Indian IMF super bullish … The International Monetary Fund (IMF) predicts a sharp recovery in the global economy in 2021 after a pandemic turmoil on Tuesday, and India’s economy is expected to recover strongly with 11.5% growth next year. Stated. India is the only major economic forecast for double-digit growth next year, and is projected to follow, with a record high of 6.8% in 2011.

India Inc raises record funding through bonds … Indian companies took advantage of high liquidity and low interest rates to raise record amounts through corporate bonds in 2020. Banks and financial services companies squeezed a significant portion of their funding, and companies mobilized Rs 77,700 during the year. The money collected was through private placement. The amount mobilized in 2020 was 10% higher than the Rs. 7.10 chlore mobilized the previous year.

China’s industrial profit surged 20.1% in December

Profit of Chinese industrial companies reached 707.11 billion yuan ($ 10.94 billion) in December, up 20.1% from the previous year, official data showed on Wednesday. According to data from the National Bureau of Statistics, the rebound in November recorded growth for the eighth straight month, following a 15.5% rise.

India Inc’s overseas investment will decrease … According to RBI data, foreign investment by domestic companies in December 2020 fell by more than 42% to $ 1.45 billion. A year ago, Indian companies invested $ 2.51 billion in foreign companies (joint ventures / fully owned units). Total foreign direct investment (OFDI) in November 2020 was $ 1.06 billion, down 27% from the previous month.

Real estate market with the most stacked units … Delhi-In the NCR real estate market, real estate consultant Analok says the largest stack housing unit is 1.9 racks, worth close to 1.2 rack chlores, at least seven years behind. As of the end of 2020, a total of 1,90,120 rupees (equivalent to 1,19,291 rupees) of homes were stagnant in Delhi-NCR. These apartments were launched before 2013. In the Mumbai Metropolitan Region (MMR) real estate market, the second largest number of stacked housing units is 1,80,250, which is equivalent to Rs 2,02,145.

OMC raises fuel prices again … In 10 weeks, the state-owned oil company raised the price of gasoline by 5 rupees per liter and the price of diesel by nearly 6 rupees per liter, setting record highs. Domestic fuel prices seem unstoppable, even though international crude has been stable over the last 20 days and prices range from $ 55 to $ 56 per barrel.

Steel prices may stabilize soon … Domestic steel prices, which are on the rise, will stabilize if global interest rates fall, said Seshagiri Lao, co-managing director of JSW Steel. Benchmark prices for hot roll coils, the leading price gauge, averaged between Rs. 47,000 and Rs. 47,500 per ton in the December quarter, but reached a record high of Rs. 58,000 per ton earlier this month. He said Indian prices are following global trends.

Business normalization is relaxed … According to high-frequency indicators, the pace of normalization of business activity in India eased during the week ending January 24, compared to the beginning of the year. Nomura said in a note on Tuesday that the Nomura India Business Resumption Index (NIBRI) fell slightly from 94.4 at the beginning of the month to 92.7 in a week and also from 93.2 last week.

Apple is growing rapidly in India … According to market research firms, Apple has entered a record quarter in India, with iPhone shipments exceeding 1.5 million units for the first time between October and December, doubling its market share to 4%. Apple was also the best year in the country, with annual sales in 2020 exceeding 3.2 million, 60% above 2019 sales. Apple’s market share was 2.4% in 2020. Other products from the company, such as the MacBooks, Apple Watches and AirPods, also recorded record sales.

The peasant lifts flat in the Red Fort … In an unprecedented scene on Republic Day, peasants protesting at a tractor rally broke into the Red Fort away from a designated route, where they hung a religious flag on the front yard flagpole as a sign of rebellion. It was. Some of the protesters also climbed the ramparts and raised the flag near where the tricolor flag was raised on Independence Day. Confusion and tension continued late into the night as many protesters remained on the fort’s grounds.

Today’s Nifty: SGX Nifty is up 110 points.This is what changed for the market while you were sleeping Today’s Nifty: SGX Nifty is up 110 points.This is what changed for the market while you were sleeping

Back to top button