Business & Investment

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

Strong earnings from Index’s heavyweight Reliance Industries and mitigation of fire concerns at Serum Institute, the world’s largest vaccine maker, could help recover domestic stocks on Monday.This is the breakdown Before marketing Action.

State of market

SGX Nifty Signal to start gap up

Singapore Exchange’s nifty futures traded at 14,468, up 111 points (0.0.77%) as a sign that Daral Street was heading for a gap-up start on Monday.

Technical view: High-priced sales make analysts cautious

Friday’s Nifty 50 plummeted by more than 200 points, below the 14,500 level of immediate support. The index forms long bearish candles on daily charts and indecisive candles on a weekly scale, suggesting higher levels of selling pressure. Analysts said market behavior in the last two sessions recreated the pattern of Nifty 50 weaknesses seen on January 15th and 18th. They are cautious, even though they believe that a slight setback cannot be ruled out.

Asian stocks Profit from early trade

Asia’s share has increased, despite an increase in Covid cases and doubts about the ability of vaccine manufacturers to deliver promised doses on time. MSCI’s widest non-Japanese Asia-Pacific stock index is 718.72, unchanged. Nikkei in Japan added 0.43%. The Hang Seng Index rose 0.9%. Kospi rose 1.26 percent. The Shanghai Composite Index fell 0.3%.

U.S. stocks It fell on friday

Wall Street stocks fell almost as investors addressed concerns about the new coronavirus stock and confidence in continued fiscal and monetary stimulus backed the stock. The Dow Jones Industrial Average closed at 30,996.98, down 0.6%, while the broad S & P500 index fell 0.3% to 3,841.47. However, the high-tech Nasdaq Composite Index rose 0.1% to 13,543.06.

L & T, Kotakku Bank Disclosures Q3 Results

L & T, Kotak Mahindra Bank, ICICI Securities, UCO Bank, Can Fin Homes, Mahindra Holidays, Sharda Corpchem, APL Apollo Tubes and Navin Flourine are the companies announcing their third quarter results today.

Stove Craft IPO On the market today

Kitchen appliance maker Stovecraft is ready to go on the market at an IPO on Monday. The fourth IPO to launch the calendar, Stove Kraft, will consist of up to 6,90,700 shares sold by Stove promoter Rajendra Gandhi, up to 59,300 shares by promoter Sunita Rajendra Gandhi, and up to 14,92,080 shares by Sequoia Capital India Growth Investment Holdings. It has been. Up to 6,007,920 shares from SCI Growth Investments II. This issue also included a new issue of up to Rs 95.

DII sells shares worth 1,290 rupees

Net Net, Foreign Portfolio Investor (FPI) was a seller of domestic stocks at Rs 635.69. Data available at NSE suggests. According to the data, DII was a net sale of Rs 1290.35.

Money market

Rupee: The rupee fell to the end of the session and settled at 72.97 with a rise of just two pays against the US dollar on Friday, supported by oil price easing.

10-year bond: India’s 10-year bond yields fell 0.29% to 5.93 after trading in the range 5.93-5.97.

call charges: According to RBI data, the weighted average of overnight call money rates was 3.18%. It moved in the range of 1.9-3.5 percent.

Data / events to monitor

  • Third Quarter Revenue: L & T I Kotak Bank I ICICI Sec I Uco Bank I
  • US Federal Reserve Bank-Chicago National Activity Index December (7:00 pm)
  • Dallas Federal Manufacturing Index January (09:00 pm)
  • ECB President Christine Lagarde Speech (09:30 pm)


The government may have less borrowing in 2010 … The central government’s cash balance with the RBI is estimated to have risen to about 3 rack rupees, and bond investors speculate that they may borrow less than the upwardly revised forecast for the current fiscal year. I am. With about two months to the end of the fiscal year, the government may not be able to spend a lot of money or clear pending projects by the end of March, which could increase capital inflows.

Large unlisted companies need more disclosure … Large unlisted companies, like listed companies, may have to comply with stricter disclosure rules. The government has fine-tuned the Companies Act to introduce rules that require certain types of unlisted companies to submit audited financial reports to the Ministry of Internal Affairs and Communications within 30 days of the end of the accounting period.

Q3nos shows a strong rebound. Enterprise India appears to have revived in the third quarter, demonstrating a broader economic health recovery after a pandemic downturn. The aggregated results from October to December so far show a large rebound in revenue, profit, and operating profit after excluding RIL, whose revenue decreased year-on-year. Sample revenues from 238 companies increased 10.4% over the period, the highest year-over-year growth in six quarters.

Care to challenge NCLT order …Sensing a “dangerous precedent”, credit rating agency CARE challenged NCLT’s decision to freeze downgrades of securities issued by Srei Equipment Finance (one of the largest financial companies in the country) recently faced with its parent Srei Infrastructure. I will file a complaint. Special audit supervised by RBI. Rating agencies can be parties to issues following the preemptive court rating movement. Institutions, lenders and investors wonder to what extent NCLT has jurisdiction over the behavior of rating agencies.

DesiA libaba at work … India may soon be considering a way for the government to promote its own version of Alibaba, especially for small businesses and traders, in the digital arena. Niti Aayog is working on a variety of mechanisms to encourage Indian SMEs to access online portals to extend their reach outside of urban areas and abroad.

Agarwal wants a 27% stake in the acquired assets … Vedanta Resources Chairman Anil Agarwal’s $ 10 billion fund will invest in a state-owned company that is co-founded with London-based Centricus and plans to sell. The fund submits a statement of interest, conducts due diligence, and convenes a team of experts to run the acquired company.

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

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