Market Live Updates Today: Trends on SGX Nifty indicate a flat opening for the index in India with a 1 point loss
image for illustrative purpose
The Indian stock market is expected to open flat as trends on SGX Nifty indicate a flat opening for the index in India with a 1 point loss.
Benchmark indices settled with 1.8 percent losses on April 19. The BSE Sensex was down 882.61 points at 47,949.42, while the Nifty50 declined 258.40 points to 14,359.50.
The Dow Jones Industrial Average fell 123.04 points, or 0.36%, to 34,077.63. The S&P 500 lost 22.21 points, or 0.53%, at 4,163.26; while the Nasdaq Composite dropped 137.58 points, or 0.98%, to 13,914.77.
Asian markets were mixed in the morning of April 20 as investors await the release of China's latest benchmark lending rate. Stocks in Japan led losses among the region's major markets, with the Nikkei 225 falling 1.31% while the Topix index shed 1.22%. South Korea's Kospi gained 0.11% while the S&P/ASX 200 in Australia declined 0.14%.
Trends on SGX Nifty indicate a flat opening for the index in India with a 1 point loss. The Nifty futures were trading at 14,388 on the Singaporean Exchange around 07:30 hours IST.
Live Updates
- 20 April 2021 9:24 AM IST
FII and DII data
Foreign institutional investors (FIIs) net sold shares worth Rs 1,633.70 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 2,355.56 crore in the Indian equity market on April 19, as per provisional data available on the NSE.
- 20 April 2021 9:24 AM IST
Results on April 20
Nestle India, Swaraj Engines, Network18 Media & Investments, Tata Steel Long Products, TV18 Broadcast, Welspun Investments and Commercials, Narendra Investments (Delhi), and Chandrima Mercantiles will release their quarterly earnings on April 20.
- 20 April 2021 9:23 AM IST
Oil climbs
Oil prices edged higher on Monday, supported by a weaker U.S. dollar but gains were capped by concerns about the impact on demand from rising coronavirus cases in India.
Brent crude settled up 28 cents, or 0.4%, at $67.05 a barrel, after rising 6% last week. West Texas Intermediate (WTI) U.S. oil ended the session up 25 cents, or 0.4%, at $63.38 a barrel, having gained 6.4% last week.
- 20 April 2021 9:23 AM IST
Dollar slumps to 6-week low
The dollar slumped to a six-week low against other major currencies on Monday as markets sorted out the plunge in U.S. Treasury yields last week after the Federal Reserve reiterated that any spike in inflation is likely to be temporary.
Improved risk sentiment shown by the recent rally in global stocks to record highs also weighed on the greenback. The dollar index fell 0.58% to 91.082, continuing a downtrend that started at the end of March.
- 20 April 2021 9:22 AM IST
RBI decides not to activate countercyclical capital buffer
The Reserve Bank of India on April 19 said it has decided against activating the countercyclical capital buffer (CCyB) framework as the current situation does not warrant such an action. The RBI had in February 2005 put in place CCyB guidelines with the overall objective of strengthening the banking sector. It was envisaged that the CCyB would be activated as and when the circumstances warranted.
- 20 April 2021 9:22 AM IST
IEX starts cross-border electricity trade on its platform
The Indian Energy Exchange (IEX) on Monday announced the commencement of cross-border electricity trade (CBET) on its platform. This is a first-of-its-kind initiative for the exchanges to expand their power markets beyond India to the South Asia region towards building an integrated South Asian regional power market, IEX said in a statement.
In a remarkable development following the notification of CBET Regulations by CERC (central electricity regulatory commission) in the year 2019 and the recent notification of CBET Rules in March 2021 by the Central Electricity Authority (CEA), NVVN (Vidyut Vyapar Nigam Ltd, a trading arm of NTPC) has secured approval from the CEA, for Nepal’s participation in the day-ahead market on the Exchange.
- 20 April 2021 9:21 AM IST
Govt to open up vaccination for everyone above 18 from May 1
The vaccination drive will be opened up for all citizens above the age of 18 from May 1, the Government of India announced on April 19. The immunisation drive was currently restricted to only citizens aged above 45.
"Everyone above the age of 18 to be eligible to get vaccine against COVID-19," said a statement issued by the government. "Vaccine manufacturers incentivised to further scale up their production, as well as attract new national and international players," it added.
"Vaccine manufacturers empowered to release up to 50 percent of their supply to state governments and in the open market at a pre-declared price," the Centre further stated.
