Market Live Updates Today: Trends on SGX Nifty indicate a cautious opening for the index in India with a 11-points gain.
image for illustrative purpose
According to pivot charts, the key support levels for the Nifty are placed at 17,994.73, followed by 17,874.57. If the index moves up, the key resistance levels to watch out for are 18,274.63 and 18,434.37.
US Markets
The Dow Jones industrial average registered a record closing high on Friday and major equity indexes posted a third straight week of gains while the US dollar slipped. On the day, MSCI's broadest gauge of global shares was flat, and the S&P 500 and Nasdaq ended lower.
The Dow Jones Industrial Average rose 73.94 points, or 0.21%, to 35,677.02, the S&P 500 lost 4.88 points, or 0.11%, to 4,544.9 and the Nasdaq Composite dropped 125.50 points, or 0.82%, to 15,090.20.
Asian Markets
Asian shares started steady on Monday ahead of a week packed with major quarterly earnings announcements, while the dollar hovered near October lows after three weeks of risk-friendly sentiment hurt safe-haven currencies. Japan's Nikkei lost 1%. Asian shares have largely lagged their US and European counterparts in recent months mainly due to regulatory ructions and fears of slowing growth in China.
SGX Nifty
Trends on SGX Nifty indicate a cautious opening for the index in India with a 11-point gain. The Nifty futures were trading at 18,155 on the Singaporean Exchange around 07:30 hours IST.
Live Updates
- 25 Oct 2021 8:57 AM IST
FII and DII data
Foreign institutional investors (FIIs) net sold shares worth Rs 2,697.70 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 1,029.97 crore in the Indian equity market on October 22, as per provisional data available on the NSE.
- 25 Oct 2021 8:57 AM IST
Evergrande, EV unit shares jump after chairman signals business shift
Shares in China Evergrande Group shot up 4% on Monday after the embattled property developer announced plans to prioritise growth of its electric vehicles business over its core real estate operations.
China Evergrande New Energy Vehicle Group Ltd stock jumped as much as 17%, versus a 0.3% fall in the Heng Seng Index. Evergrande chairman Hui Ka Yan said late on Friday that the company would aim to make its new electric vehicle venture its primary business, instead of property, within 10 years.
- 25 Oct 2021 8:56 AM IST
Results today
Tech Mahindra, HDFC Asset Management Company, Aditya Birla Sun Life AMC, ANG Lifesciences India, Aurionpro Solutions, Ceat, Coforge, Colgate-Palmolive (India), CSB Bank, Dwarikesh Sugar Industries, Gujarat Mineral Development Corporation, Goodluck India, Home First Finance Company India, ICRA, Indus Towers, Jagran Prakashan, Kansai Nerolac Paints, Karda Constructions, LKP Securities, Maharashtra Scooters, Mangalam Organics, Newgen Software Technologies, Orient Cement, Prakash Industries, Quick Heal Technologies, Ramco Cements, Shriram Asset Management, SRF, Suven Life Sciences, and Welcure Drugs & Pharmaceuticals.
- 25 Oct 2021 8:55 AM IST
FPIs remain net sellers in October, pull out Rs 3,825 crore
Foreign portfolio investors (FPIs) have turned net sellers in Indian market by pulling out Rs 3,825 crore in October so far. So far, in October, FPIs have pulled out Rs 1,494 crore, depositories’ data showed. From equities, FPIs took out Rs 2,331 crore.
From equities, FPIs took out Rs 2,331 crore. The total net outflow stood at Rs 3,825 crore during October 1-22. V K Vijayakumar, chief investment strategist at Geojit Financial Services, said, "FPIs have sold software stocks worth Rs 5,406 cr in the first half of October even though the second quarter (Q2) results of software companies were good. So, this is a clear case of profit booking. FPIs have been buyers in financial services.”
- 25 Oct 2021 8:54 AM IST
RBI remains laser-focused to bring back inflation to 4%: Governor Shaktikanta Das
The Reserve Bank remains laser-focused to bring back retail inflation to 4 per cent over a period of time in a non-disruptive manner, Governor Shaktikanta Das stressed while voting for status quo in interest rates, as per minutes of the October policy meeting released on Friday.
The central bank has been mandated by the government to ensure the Consumer Price Index (CPI) based inflation is at 4 per cent, with a band of 2 per cent on either side. The retail inflation, which was above 6 per cent during May and June, has started moving down and stood at 4.35 per cent in September.
- 25 Oct 2021 8:54 AM IST
US budget deficit hits $2.77 trillion in 2021, 2nd highest
The US budget deficit totaled USD 2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of USD 3.13 trillion reached in 2020. The deficits in both years reflect trillions of dollars in government spending to counteract the devastating effects of a global pandemic.
