Market Live Updates Today: Trends on SGX Nifty indicate a flat opening for the index in India with a 9-points fall
image for illustrative purpose
The Indian stock market is expected to open flat as trends on SGX Nifty indicate a muted opening for the index in India with a 9-points fall.
On September 2, the BSE Sensex climbed 514.33 points to 57,852.54, while the Nifty50 rose 157.90 points to 17,234.20 and formed bullish candle on the daily charts as the closing was higher than opening levels.
According to pivot charts, the key support levels for the Nifty are placed at 17,114.1, followed by 16,994. If the index moves up, the key resistance levels to watch out for are 17,299.9 and 17,365.6.
US Markets
The S&P 500 and Nasdaq eked out record finishes on Thursday, while the Dow also posted a modest gain, as higher commodity prices helped energy names recover ground and the latest jobs data left investors unfazed about existing positions.
The Dow Jones Industrial Average rose 131.29 points, or 0.37%, to 35,443.82, the S&P 500 gained 12.86 points, or 0.28%, to 4,536.95 and the Nasdaq Composite added 21.80 points, or 0.14%, to 15,331.18.
Asian Markets
Asian Indices were trading mixed with Kospi and Taiwan Weighted up 0.5 percent each, while Hang Send and Straits Times trading in the red.
SGX Nifty
Trends on SGX Nifty indicate a cautious opening for the index in India with a 9-points fall. The Nifty futures were trading at 17,250.50 on the Singaporean Exchange around 07:25 hours IST.
Live Updates
- 3 Sept 2021 9:33 AM IST
FII and DII data
Foreign institutional investors (FIIs) net bought shares worth Rs 348.52 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 381.70 crore in the Indian equity market on September 2, as per provisional data available on the NSE.
- 3 Sept 2021 9:33 AM IST
China to launch Beijing stock market, President Xi Jinping says
China will set up a new stock exchange in the capital Beijing, President Xi Jinping said Thursday, as the country tries to lure domestic companies into listing at home instead of overseas.
The nation currently has two main exchanges in Shanghai and Shenzhen.
Xi said in a speech at a trade fair that the new stock exchange would support the development of small and medium-sized enterprises, but did not offer further details.
- 3 Sept 2021 9:32 AM IST
Oil rises on economic recovery hopes, weaker dollar
Oil prices rose more than USD 1 a barrel on Thursday, rebounding on optimism about the pace of global economic growth despite the coronavirus pandemic, as well as on a sharp decline in U.S. crude inventories.
- 3 Sept 2021 9:31 AM IST
August exports surge 45% YoY, led by strong global orders
Owing to an uptick in global orders, India's merchandise exports shot up in August, rising by a major 45.17 percent as compared to August, 2020. Impressively, exports also rose by 27.5 percent as compared to August, 2019, before the pandemic struck.
In August, imports saw an equally large rise, going up by 51.5 percent to $47 billion. Similar to exports, as the low base wears off, the jumps in import growth have moderated. Imports had risen by 62.9 percent in July, 98.3 percent in June, 73.6 percent in May and 163 percent in April.
Data released by the Commerce and Industry Ministry on September 2 showed outbound trade rose to $33.14 billion in August, up from $22.83 billion in August, 2020.
The Commerce Department said on Thursday that the trade gap fell 4.3% to USD 70.1 billion. Data for June was revised to show the deficit at USD 73.2 billion instead of USD 75.7 billion as previously reported.
