Business & Investment

Today’s Nifty: SGX Nifty is up 50 points.This is what changed for the market while you were sleeping

Indian stocks on Monday may respond to the government’s decision to okay two Covid vaccines for restricted use. However, the positive side may be limited due to the proliferation of virus cases worldwide.This is the breakdown Before marketing Action:

Market condition

SGX Nifty Positive start signal

Singapore Exchange’s nifty futures traded at 14,070, up 54 points (0.39%) as a sign that Daral Street got off to a positive start on Monday.

Tech View: Nifty charts suggest pauses

Friday’s Nifty 50 surpassed the 14,000 level for the first time after trading in a narrow range. The index formed a bullish candle on daily and weekly charts. It is currently forming highs and lows in the last seven sessions. Analysts said the index could move towards the 14,200 level and attempt to find solid support near the 13,800 level.

Asian market Fall into blockade negotiations in Japan

Asian stock markets suspended on Monday as reports of possible tightening of Tokyo’s coronavirus emergency rules lowered Japanese stocks from their 30-year highs and at the same time raised the yen in safe havens. Japan’s Nikkei Stock Average fell 1.1% from its initial rise when Fuji Television reported that the government was considering an emergency in the capital Tokyo and the three surrounding prefectures. MSCI’s widest non-Japanese Asia-Pacific stock index rose 0.1% to a record high whiskers.

S & P500 futures fall

S & P 500 E-Mini futures fell 0.2% after hitting record highs in early trading. Investors are closely watching the Georgia finals of the two US Senate seats that will determine the party that will control the Senate on Tuesday. If the Republicans win one or both, they can maintain a majority in parliament and thwart president-elect Joe Biden’s legislative goals and judicial candidates.

oil Price drops according to demand risk

Oil prices fell prior to a meeting of OPEC and related producers to discuss output levels in February. Brent crude in March was $ 51.76 a barrel, down 4 cents or 0.08 percent. OPEC Secretary-General Mohammad Barkindo said oil demand is expected to increase by 5.9 million barrels (bpd) per day to 95.9 million barrels per day this year, but there are many downside risks in the first half of 2021. Looking.

Record high US stocks

The US financial markets were closed due to a Friday holiday. The S & P 500 Index and the Dow Jones Industrial Average ended Thursday at a record high in 2020, ending one of the most turbulent years in recent memory. The S & P500 index rose 24.03 points (0.6%) to 3,756.07. The Dow Jones Industrial Average rose 196.92 points (0.7%) to 30,606.48. The Nasdaq Composite Index rose 18.28 points (0.1%) to 12,888.28.

FII buys shares equivalent to Rs506cr

Net Net, Foreign Portfolio Investor (FPI) was a buyer of domestic stocks of Rs 506.21. Data available at NSE suggests. According to the data, DII was a net buyer of Rs 69.40.

Money market

Rupee: On Friday’s New Year’s first trading day, the rupee recorded six consecutive wins, dropping four paisas to 73.11 against the US dollar. In the interbank foreign exchange market, domestic units opened at 73.09 against the US dollar, witnessing daytime highs of 73.02 and lows of 73.11.

10-year bond: India’s 10-year fixed income yield rose 0.07% to 5.89 after trading in the range 5.88-5.90.

call charges: According to RBI data, the weighted average of overnight call money rates was 3.31%. It moved in the range of 1.9-3.6 percent.


  • India Markit Manufacturing PMI December (10:30 am)
  • India Trade Balance PrelDex (05:50 pm)
  • Japan Jibun Bank Manufacturing PMI Last December (06:00 am)
  • Chinese Caixin Manufacturing PMI December (07:15 am)
  • Eurozone Markit Manufacturing PMI Last December (02:30 pm)
  • BoE Consumer Credit November (03:00 pm)
  • GB Markit / CIPS Manufacturing PMI Last December (3:00 pm)
  • UK Mortgage Approval November (03:00 pm)
  • US Markit Manufacturing PMI Last December (8:15 pm)
  • Opec and non-Opec Council of Ministers


The government is okay to use Covishield, Covaxin … The Indian Drug Administration (DGCI), a drug regulator, approved the Oxford COVID-19 Vaccine Covishield manufactured by the Serum Institute on Sunday and developed its own Covacin from Barrat Biotech to limit emergency use in the country. , Paved the way for a large inoculation drive. DCGI has granted approval based on recommendations from the COVID-19 Subject Expert Committee (SEC) of the Central Pharmaceutical Standards Control Organization (CDSCO).

Pent-up demand boosts car sales in December … Pent-up demand accelerated year-over-year sales of key car players in December, along with attractive year-end discounts. Maruti Suzuki reported that its total sales in December 2020 increased by 20.2% year-on-year. Mahindra and Mahindra reported that overall vehicle sales in December 2020 were 35,187 units, down 10%. Hero MotoCorp sold 18.45 Raku units between October and December, setting a record for “the best third quarter ever.”

GST number indicates recovery … Transactions under the Goods and Services Tax show that the economy is still recovering after the resurrection of Covid-19, forcing movement restrictions and blockades to be re-imposed in major parts of the country. Secretary Ajay Bhushan Pandy said. And with improved compliance, the GST collection hit a record high of Rs 1.15 in December, Pandyy told ET in an interview.

Valuation gain helps to accumulate forex … Almost a quarter of the $ 66.9 billion foreign exchange reserves in the current fiscal year from April to September was due to rising valuations that reflected a fall in the US dollar against major currencies and rising gold prices. Reserve for the same period a year ago. Compared to the $ 1.7 billion valuation gain from April to September 2019, the valuation gain reached $ 15.5 billion, or 23% of the reserve reserves for the first half of the fiscal year. That was about 8% of the total $ 20.9 billion at the time.

Loan recast requests are much less … Indian lenders received a request to recast a loan of about 2 rupees, well below the previously expected 8 rupees, as the deadline was approaching on Saturday’s midnight stroke. Requests have been received from Shapoorji Pallonji, Future Group, Jain Irrigation, IRB, Ashok Buildcon and 12 other companies, and three lenders who are aware of the proposal told ET. They said the majority of recast requests came from the small business loan category and small businesses. Lenders currently have 180 days to implement these requirements.

DHFL lenders ask Pyramal bids …Some DHFL lenders believe that Piramal’s bid for a failed mortgage company should be separated from the proposed merger with the Piramal group entity. Banks do not disagree with Pyramal’s plan to merge DHFL with its group companies after a successful acquisition of DHFL. But they don’t want the merger plan to be part of the bid. Pyramal, US asset management firm Oaktree, and Adani Group are competing to buy DHFL. Creditors must vote for the Settlement Plan by 14 January.

British Prime Minister speaks to a tighter blockade … British Prime Minister Boris Johnson said on Sunday that schools are a safe place and children are allowed, although more strict blockade restrictions are probably underway as cases of Covid-19 continue to grow. He said he should continue to attend. Covid-19 cases in the United Kingdom are at record levels and are increasing, boosted by new and more contagious variants of the virus. It has already forced the government to cancel the planned reopening of schools in and around London, and there are calls from trade unions for wider closures.

Biyani says Amazon didn’t help … Amazon didn’t help the Future Group when it needed help, Kishore Biyani said in an interview. US companies are currently trying to stop Reliance Retail’s acquisition of Indian retailers. Reliance Retail said Amazon wanted a “decline of the company,” and the founders of the Future Group called it a “savior.” Mr Biyani said he had talked eight times with a Seattle-based company about his dire financial situation, but it didn’t help if the lender called for shares.

Today’s Nifty: SGX Nifty is up 50 points.This is what changed for the market while you were sleeping Today’s Nifty: SGX Nifty is up 50 points.This is what changed for the market while you were sleeping

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