Market Live Updates Today: Trends on SGX Nifty indicate a cautious opening for the index in India with a 17-points gain
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The Indian stock market is expected to open on a cautious note as trends on SGX Nifty indicate a positive opening for the index in India with a 17-points gain.
US Markets
The Nasdaq ended little changed on Wednesday, boosted by gains in Microsoft and Google parent Alphabet on the heels of their quarterly results, but a drop in oil prices and a pullback in Treasury yields weighed on cyclical sectors and pulled the S&P 500 lower.
Asian Markets
Shares in Asia-Pacific declined in Thursday morning trade as investors await the Bank of Japan's latest monetary policy announcement.
The Nikkei 225 in Japan declined 1.2% in early trade while the Topix index shed 1.13%. Retail sales in Japan fell 0.6% in September from a year earlier, according to government data released Thursday.
Live Updates
- 28 Oct 2021 9:20 AM IST
FII and DII data
Foreign institutional investors (FIIs) net sold shares worth Rs 1913.36 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 472.48 crore in the Indian equity market on October 27, as per provisional data available on the NSE.
- 28 Oct 2021 9:19 AM IST
Paytm's IPO likely to open on November 8 at a price band of Rs 2,080-2,150 per share
Softbank-backed mobile payments firm Paytm's Rs 18,300 crore initial public offering will happen between November 8 and 10 at a price band of Rs 2,080-2,150 per share, according to sources privy to the development. This is touted to be India’s largest market debut, a record that was previously held by Coal India, which raised Rs 15,000 crore over a decade ago.
The company which was earlier planning to raise Rs 16,600 crore revised the amount to Rs 18,300 crore following an increased investor interest. While the primary will continue to be Rs 8,300 crore, the additional amount will go to the offer for sale taking the overall sum to Rs 10,000 crore.
- 28 Oct 2021 9:19 AM IST
Forex reserves surge by $58.38 billion in March-September 2021 period: RBI report
The country's foreign exchange reserves surged by $58.38 billion in April-September 2021 to $635.36 billion, says an RBI report released on Wednesday. The forex reserves were at $576.98 billion at end-March 2021.
The Reserve Bank of India (RBI) publishes half-yearly reports on management of foreign exchange reserves. These reports are prepared half yearly with reference to the position as at end-March and end-September each year.
- 28 Oct 2021 9:18 AM IST
Oil drops more than 1% as US stockpiles rise sharply
Oil prices fell on Wednesday after US crude oil stockpiles rose more than expected, even as fuel inventories dropped and tanks at the nation's largest storage hub emptied further.
Brent oil futures ended down $1.82, or 2.1%, to $84.58 a barrel, after closing at a seven-year high on Tuesday. U.S. West Texas Intermediate (WTI) crude settled down $1.99, or 2.4%, to $82.66 a barrel.
