Market Live Updates Today: Trends on SGX Nifty indicate a cautious opening for the index in India with a 10 points gain
The Indian stock market is expected to open on a cautious note as trends on SGX Nifty indicate a flat opening for the index in India with a 10 points gain.
image for illustrative purpose
The Indian stock market is expected to open on a cautious note as trends on SGX Nifty indicate a flat opening for the index in India with a 10 points gain.
The BSE Sensex climbed 134.32 points to 52,904.05, while the Nifty50 rose 41.60 points to 15,854 and formed a small bullish candle on the daily charts.
US Markets
Global stocks prices closed flat and bond yields edged lower on Wednesday after U.S. Federal Reserve Chair Jerome Powell soothed investor angst by saying a recent inflation spike will fade, helping lift the S&P 500 to a fresh intraday record.
The Dow Jones Industrial Average rose 0.13%, the S&P 500 added 0.12% and the Nasdaq Composite slipped 0.22%.
Asian Markets
Asian shares held firm on Thursday after Federal Reserve Chair Jerome Powell said the U.S. economy was "still a ways off" from levels the central bank wanted to see before tapering its monetary support.
MSCI's broadest index of Asia-Pacific shares outside Japan was little changed in early trade while Japan's Nikkei dropped 0.4%.
Live Updates
- 15 July 2021 9:04 AM IST
FII and DII data
Foreign institutional investors (FIIs) net sold shares worth Rs 1,303.95 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 1,335.91 crore in the Indian equity market on July 14, as per provisional data available on the NSE.
- 15 July 2021 9:04 AM IST
Market capitalisation of BSE-listed firms touches record high; crosses Rs 233 lakh crore
The market capitalisation of BSE-listed companies reached an all-time high of Rs 2,33,06,440.17 crore on Wednesday, mainly driven by optimistic sentiments in the broader market. At close of trade, the BSE Sensex jumped 134.32 points or 0.25 percent to 52,904.05, registering its second straight session of gains.
The market capitalisation of BSE-listed companies reached the new record high of Rs 2,33,06,440.17 crore at the end of the day’s trade. Investors’ wealth has jumped Rs 1,42,806.24 crore in the two days of market rally.
- 15 July 2021 9:03 AM IST
Fed's Powell stays focused on jobs recovery, says inflation to ease
US monetary policy will offer “powerful support” to the economy “until the recovery is complete,” Federal Reserve Chair Jerome Powell said on Wednesday in remarks that portrayed a recent jump in inflation as temporary and focused on the need for continued job gains.
Addressing concerns that inflation posed new risks of its own, Powell said the pace of price increases “will likely remain elevated in coming months before moderating,” language that indicated he saw no need to rush the shift towards post-pandemic policy. Long-term inflation expectations, he said, remained consistent with the Fed’s 2% inflation target.
- 15 July 2021 9:03 AM IST
Oil prices drop after Saudi-UAE reach output compromise
Oil prices dropped on Wednesday after sources told Reuters Saudi Arabia and the United Arab Emirates had reached a compromise that should unlock an OPEC+ deal to boost global oil supplies as the world recovers from the coronavirus pandemic. read more
The two Gulf producers agreed for the UAE to increase its baseline production in an output deal that members of the Petroleum Exporting Countries (OPEC), Russia and other producers, a group known as OPEC+, reached last year, the sources said.
