Market Live Updates Today: Trends on SGX Nifty indicate a cautious opening for the index in India with a 8-points gain
image for illustrative purpose
The Indian stock market is expected to open flat as trends on SGX Nifty indicate a cautious opening for the index in India with a 8-points gain.
The BSE Sensex fell 214.18 points to 57,338.21, while the Nifty50 declined 55.90 points to 17,076.30 and formed a bearish candle on the daily charts as the closing was lower than opening levels.
According to pivot charts, the key support levels for the Nifty are placed at 17,012.27, followed by 16,948.33. If the index moves up, the key resistance levels to watch out for are 17,182.97 and 17,289.73.
US Markets
The Nasdaq closed Wednesday at a record high, and the S&P 500 rose but just missed a fresh peak, as September kicked off with renewed buying of technology stocks and private payrolls data, which supported the case for dovish monetary policy.
The Dow Jones Industrial Average fell 48.2 points, or 0.14%, to 35,312.53, the S&P 500 gained 1.41 points, or 0.03%, to 4,524.09 and the Nasdaq Composite added 50.15 points, or 0.33%, to 15,309.38.
Live Updates
- 2 Sept 2021 8:54 AM IST
FII and DII data
Foreign institutional investors (FIIs) net bought shares worth Rs 666.66 crore, while domestic institutional investors (DIIs) net sold shares worth Rs 1,287.87 crore in the Indian equity market on September 1, as per provisional data available on the NSE.
- 2 Sept 2021 8:54 AM IST
US private payrolls rise moderately in August
US private employers hired far fewer workers than expected in August, likely because of a resurgence in new COVID-19 infections, but the labour market continues to steadily recover.
Private payrolls increased by 374,000 jobs last month after rising 326,000 in July, the ADP National Employment Report showed on Wednesday. Economists polled by Reuters had forecast private payrolls would increase by 613,000 jobs.
- 2 Sept 2021 8:53 AM IST
Indian Railways freight loading in August grows to highest ever level
The Indian Railways surpassed its highest-ever freight loading volumes in a month once again in August, after the national carrier managed to transport 110.55 million tonnes of freight last month.
Indian Railways freight loading during August 2021 was 110.55 million tonnes which is 16.87 percent higher when compared to August 2020. The railways earned Rs. 10,866.20 crore from freight loading during August which is 20.2 percent higher when compared to last year.
- 2 Sept 2021 8:52 AM IST
SEBI slaps Rs 40 lakh fine on 8 entities in illiquid stock options case
Capital markets regulator SEBI has imposed penalties totalling Rs 40 lakh on eight entities, including individuals, for indulging in non-genuine trades in illiquid stock options at BSE.
- 2 Sept 2021 8:52 AM IST
US manufacturing activity rises
US manufacturing activity unexpectedly picked up in August amid strong order growth, but a measure of factory employment dropped to a nine-month low, likely as workers remained scarce.
The ISM said its index of national factory activity inched up to 59.9 last month from a reading of 59.5 in July. A reading above 50 indicates expansion in manufacturing, which accounts for 11.9% of the U.S. economy. Economists polled by Reuters had forecast the index falling to 58.6.
- 2 Sept 2021 8:52 AM IST
IMF makes $17.86 billion SDR allocation to India, says RBI
The International Monetary Fund (IMF) has made an allocation of Special Drawing Rights (SDR) equivalent to around $17.86 billion to India on August 23, the RBI said in a press release on September 1.
With this, the total SDR holdings of India now stands at equivalent to around $19.41 billion as on August 23, 2021, the RBI said. This increase in SDR holdings will be reflected in the Foreign Exchange Reserves (FER) data that shall be published for the week ended August 27, 2021, the central bank said.
- 2 Sept 2021 8:51 AM IST
Oil falls after OPEC+ sticks to raising supply amid demand doubts
Oil prices fell on Thursday after OPEC+ agreed to keep its policy of gradually returning supply to the market at a time when coronavirus cases around the world are surging and many U.S. refiners, a key source of crude demand, remained offline.
Brent crude was down by 52 cents, or 0.7%, at $71.07 a barrel by 0134 GMT, after dropping 4 cents on Wednesday. U.S. oil fell 56 cents, or 0.8%, to $68.03 a barrel, after rising 9 cents in the previous session.
