Market Live Updates Today: Trends on SGX Nifty indicate a cautious opening for the index in India with a 19 points gain
image for illustrative purpose
The BSE Sensex climbed 123.07 points to 54,492.84, while the Nifty50 rose 35.80 points to 16,294.60 and formed Doji candlestick pattern as the closing was near opening levels.
According to pivot charts, the key support levels for the Nifty are placed at 16,220.1 followed by 16,145.6. If the index moves up, the key resistance levels to watch out for are 16,359.3 and 16,424.
US Markets
U.S. stock indexes rose on Thursday after data showed fewer Americans filed for unemployment benefits last week, while a decline in shares of health insurer Cigna dragged healthcare stocks lower.
The Dow Jones Industrial Average was up 205.61 points, or 0.59%, at 34,998.28, the S&P 500 was up 18.85 points, or 0.43%, at 4,421.51 and the Nasdaq Composite was up 92.02 points, or 0.62%, at 14,872.55.
Asian Markets
Shares in Asia-Pacific largely slipped in Friday morning trade as investors await the release of a closely watched US jobs report.
In Japan, the Nikkei 225 gained 0.11% while the Topix index sat fractionally lower. MSCI's broadest index of Asia-Pacific shares outside Japan traded 0.37% lower.
SGX Nifty
Trends on SGX Nifty indicate a cautious opening for the index in India with a 19 points gain. The Nifty futures were trading at 16,329 on the Singaporean Exchange around 07:30 hours IST.
Live Updates
- 6 Aug 2021 9:14 AM IST
Stocks under F&O ban on NSE
Four stocks – Canara Bank, Indiabulls Housing Finance, RBL Bank, and Sun TV Network – are under the F&O ban for August 6. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.
- 6 Aug 2021 9:13 AM IST
FII and DII data
Foreign institutional investors (FIIs) net sold shares worth Rs 719.88 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 731.92 crore in the Indian equity market on August 5, as per provisional data available on the NSE.
- 6 Aug 2021 9:13 AM IST
Oil rises over 1% as Mideast tensions face virus concerns
Oil prices rose more than 1% on Thursday on increasing Middle East tensions, but gains were capped as fresh restrictions to counter a surge in COVID-19 cases threatened the global energy demand recovery.
Brent crude oil futures rose 91 cents, or 1.3%, to settle at $71.29 a barrel, after earlier dipping below $70 for the first time since July 21. U.S. West Texas Intermediate (WTI) crude futures rose 94 cents, or 1.4%, to settle at $69.09 a barrel.
- 6 Aug 2021 9:13 AM IST
US trade deficit hits record in June as imports balloon
A surge in imports of industrial supplies drove the US trade deficit to a record in June, according to government data released Thursday, a sign global supply chains may be coming back online after the pandemic disruptions.
The trade gap widened by $4.6 billion to $75.7 billion, a nearly seven percent increase compared to May, the Commerce Department reported. That was higher than analysts had expected and beat the previous all-time high set that month. Imports of goods and services jumped $6 billion, most of which was accounted for by the rise in industrial materials and supplies such as iron, steel and chemicals, as well as a $1.2 billion increase in non-monetary gold.
- 6 Aug 2021 9:12 AM IST
RBI monetary policy today
The three-day monetary policy committee (MPC) meeting has begun on August 4 and the rate-setting panel will announce its decision on August 6. It is extremely unlikely that the MPC will tinker with rates and move either way on the rate stance. A majority of the economists. High inflation and uncertain growth scenario will likely force the policymakers to continue on a wait-and-watch mode for more cues, they said. Rate-sensitive stocks including banks, realty and auto will be in focus. Names like SBI, PNB, ICICI Bank, HDFC Bank, Maruti Suzuki, Hero MotoCorp, DLF, Oberoi Realty, Godrej Properties and Sobha among other names will be in focus.
