Business & Investment

Today’s Nifty: SGX Nifty is up 70 points.This is what changed for the market while you were sleeping

As US presidential election Joe Biden promises trillions of dollars in new aid, expectations for a huge influx of foreign currency into emerging markets such as India are rising, raising sentiment on Daral Street.This is the breakdown Before marketing Action:

Market condition

SGX Nifty Positive start signal

Singapore Exchange’s nifty futures traded at 14,451.50, up 75 points (0.52 percent) as a sign that Daral Street got off to a positive start on Monday.

Tech View: Nifty Eyes 14,500 Levels

Analysts said the 14,200 level, which previously served as a key hurdle, will provide immediate support for indexes that now appear to be aimed at the 14,500-14,600 zone. Below that, they said the 13,950 level could continue to provide strong support for the index.

Asian stocks Mixed; Kospi soars 3%

MSCI’s widest non-Japanese Asia-Pacific equities index was flat. Japan’s Nikkei Stock Average closed on Friday for the first time in 30 years and then closed due to a holiday. Hong Kong’s Hang Seng Index rose 0.4%, South Korea’s Kospi rose 3.23%, and China’s Shanghai Composite Index fell 0.6%.

oil Prices fall in early transactions

Oil prices have fallen due to new concerns about global fuel demand amid a tight blockade of the coronavirus in Europe and new movement restrictions in China, the world’s second-largest oil user. Brent crude oil futures fell 42 cents (0.8%) to $ 55.57 a barrel.

China’s CPI inflation rose 0.2% in December

China’s consumer price index (CPI) rose 0.2% year-on-year, according to the Statistics Bureau. According to a Reuters poll, the index was expected to rise by 0.1%. Factory gate prices fell more than expected in December, official data showed on Monday, suggesting that China’s manufacturing sector is steadily recovering from the COVID-19 shock. The Producer Price Index (PPI) fell 0.4% year-on-year.

U.S. stocks Settle higher

Wall Street hit a new high on Friday after US presidential election Joe Biden said his economic package would be in the trillions of dollars. The Dow Jones Industrial Average rose 56.84 points (0.18%) to 31,097.97. The S & P 500 Index rose 20.89 points (0.55%) to 3,824.68 and the Nasdaq Composite Index rose 134.50 points (1.03 per cent) to 13,201.98.

FPI buys shares equivalent to Rs 6,030cr

Net Net, Foreign Portfolio Investor (FPI) was a buyer of domestic stocks of Rs 6,029.83. Data available at NSE suggests. According to the data, DII was a net sale of Rs 2,372.54.

Money market

Rupee: The rupee on Friday showed a smart recovery from the lowest level of the day, ending at 73.24, seven paisas higher than the US dollar on Friday, tracking a sharp rise in domestic stocks.

10-year bond: After trading in the range 5.87-5.90, India’s 10-year bond yields were flat at 5.89.

call charges: According to RBI data, the weighted average of overnight call money rates was 3.20%. It moved in the range of 1.9-3.5 percent.

Data / events to monitor

  • German WPI (MoM) in December (12.30 pm)
  • Industrial production in Spain in November (1:30 pm)
  • January Sentix Investor Trust (3 pm)
  • BoE MPC member Tenreyro speaks (5:30 pm)
  • ECB President Christine Lagarde Speech (8:10 pm)
  • US Consumer Price Index December (9:30 pm)


Exports in the first week of January increased by 16%: The country’s exports were up 16.22% year-on-year to $ 6.21 billion, largely driven by healthy growth in the pharmaceutical and engineering sectors, reflecting signs of a resurgence, officials said. Exports in the first week of January last year were $ 5.34 billion. Imports from January 1st to 7th this year also increased 1.07 percent from $ 8.6 billion in the same period in 2020 to $ 8.7 billion, officials said.

7.5% chance of budget deficit: According to experts, India’s budget deficit is expected to be about 7.5% of GDP for the current fiscal year due to revenue relief from the COVID-19 crisis. This is a 100% jump from the budget estimate of 3.5% of GDP, which is fixed for the current fiscal year. The government pegged a budget deficit of 769 million rupees, or 3.5% of GDP, in the 2020-21 federal budget presented by Finance Minister Nirmalasi Salaman in February 2020.

7 Mega Textile Parks on the Card: India has the potential to develop seven mega textile parks on line with China

Vietnam is part of a plan to double the size of the industry to $ 300 billion by 2025-26.The Ministry of Textile has prepared a cabinet note on a proposed national textile policy aimed at fully positioning India.

An integrated, globally competitive manufacturing and export hub.

FMCG cos has the potential to raise prices soon: Consumers are more likely to use everyday products as consumer goods companies facing inflationary pressures on key raw material inputs are considering slightly raising product prices to offset it. You may have to pay. Some FMCG companies such as Marico NSE 1.65% have already raised prices, while some companies such as Dabur, Parle and Patanjali are closely monitoring the situation.

NBP contracts in the life insurance sector: New business premiums in the life insurance industry fell 3% year-on-year to Rs 24,383.42 in December. The first year premium for new businesses or 24 life insurers in the same month of 2019 was Rs 25,079.89. LIC, the country’s largest life insurance company, contributed Rs 14,345.70, or 58% of the total premiums incurred that month. From the Insurance Regulatory Development Authority (Irdai) of India.

Centers that use both Covishield and Covaxin jabs: The center will provide both approved Covid-19 jabs (Covishield from the Indian Serum Institute and Covaxin from Bharat Biotech) from the start of the vaccination program. However, some opposition-controlled countries oppose the launch of the Bharat Biotech vaccine. According to one official, the government does not divide the vaccine geographically as it did in previous vaccination drives. Most of the early shots will be from the Serum Institute because of the larger capacity and more inventory, but in subsequent batches, the supply from Bharat Biotech will increase as production increases. “Within a few weeks to a month, it (production) leveled off to maximum steady-state levels. This is not at the same level as serum.”

Future V-shaped recovery: According to Asocham, the Indian economy has shown decisive signs of a “V-shaped” recovery in 2021, never due to a recovery in consumer confidence, a strong financial market, and an increase in manufacturing and exporters. Entering the global market with a never-ending spirit. on Sunday. The Industry Council said it expects huge economic benefits from the COVID-19 vaccination program to unfold soon.

Today’s Nifty: SGX Nifty is up 70 points.This is what changed for the market while you were sleeping Today’s Nifty: SGX Nifty is up 70 points.This is what changed for the market while you were sleeping

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