Market Live Updates Today: Trends on SGX Nifty indicate a cautious opening for the index in India with a 7 points loss.
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The BSE Sensex gained 84.45 points at 49,746.21 on April 8 while the Nifty50 rose 54.80 points to 14,873.80. According to pivot charts, the key support levels for the Nifty are placed at 14,801.87, followed by 14,729.93. If the index moves up, the key resistance levels to watch out for are 14,964.97 and 15,056.13.
The S&P 500 closed at a record high on Thursday, as U.S. Treasury yields fell following softer-than-anticipated labor market data, boosting technology and other growth stocks.
Asian equities are set for a choppy trading session on Friday after technology stocks lifted the S&P 500 to a new record even as investors weighed an unexpected rise in the number of Americans filing new claims for unemployment benefits.
Live Updates
- 9 April 2021 9:11 AM IST
Dollar falls as U.S. weekly jobless claims rise unexpectedly
The U.S. dollar dipped to a two-week low against a basket of currencies on Thursday, tracking Treasury yields lower, after data showed a surprise rise in U.S. weekly jobless claims. The dollar index measuring the greenback against a basket of six currencies was 0.35% lower at 92.091, its lowest since March 23.
- 9 April 2021 9:09 AM IST
Srei Equipment Finance receives expression of interest for up to $250 mn capital infusion
Srei Equipment Finance Limited (SEFL) announced on April 8 that it has received expression of interest for up to $250 million capital infusion in the company from international private equity funds -- United States-based Arena Investors LP and Singapore’s Makara Capital Partners.
The company’s Strategic Coordination Committee (SCC), chaired by Independent Director Malay Mukherjee, will be coordinating, negotiating, and concluding discussions with the PE investors to bring capital into the business and advise the management. Ernst & Young will be advising the committee on the proposed fundraising exercise.
- 9 April 2021 9:03 AM IST
RBI announces Rs 25,000 crore open market purchase on April 15 under G-sec Acquisition Programme
The Reserve Bank of India (RBI) on April 8 announced the purchase of Government securities worth Rs 25,000 crore under the Government securities purchase programme announced by governor Shaktikanta Das on April 7.
Announcing the monetary policy, the RBI governor, Shaktikanta Das, announced that the Reserve Bank will conduct open market purchase of government securities of Rs one lakh crore under the G-sec Acquisition Programme (G-SAP 1.0) in Q1 2021-22 with a view to enabling a stable and orderly evolution of the yield curve.
