Market Live Updates Today: Trends on SGX Nifty indicate a flat start for the broader index in India.

Is the RBI failing in its mission to manage the 10-year G-sec yield?

The RBI wants to artificially suppress yields in the face of opposing pressures such as wholesale inflation rising to an eight-year high and the uptick in interest rates globally. Its plan hasn’t worked so far, and some economists say the monetary authority may have to eventually bow to the market forces.

FDI investment cap in insurance companies raised to 74% from 49%

During Budget 2021, Finance Minister Nirmala Sitharaman proposed allowing 74 percent FDI in insurance companies.

Vivimed Labs shares surge 20% on approvals for 3 products

The share touched a 52-week high of Rs 23.62 and a 52-week low of Rs 9.70 on 25 August, 2020 and 27 May, 2020, respectively.

Turkey bans use of cryptocurrencies for payments, sends Bitcoin down

In legislation published in the Official Gazette overnight, the Central Bank of Turkey (CBRT) said cryptocurrencies and other such digital assets based on distributed ledger technology could not be used, directly or indirectly, as an instrument of payment.

Adani Group stocks likely to be included in MSCI Standard Index in May review despite sharp rally

MSCI is expected to conduct its semi-annual review of its MSCI Standard Index on May 12, 2021

FII and DII data

Foreign institutional investors (FIIs) net bought shares worth Rs 979.70 crore, while domestic institutional investors (DIIs) net sold shares worth Rs 526.63 crore in the Indian equity market yesterday as per provisional data available on the NSE

Dollar set for back-to-back weekly losses as Treasury yields retreat

The dollar headed for its worst back-to-back weekly drop this year amid a continued retreat in Treasury yields from more-than-one-year highs as investors increasingly bought into the Federal Reserve’s insistence of continued monetary support.

China's first-quarter GDP to hit record growth as recovery speeds up

China’s economic rebound likely quickened sharply in the first quarter from a coronavirus-induced slump earlier last year, propelled by stronger demand at home and abroad and continued government support for smaller firms.

Data released on Friday is expected to show gross domestic product (GDP) jumping a record 19 percent in the first quarter from a year earlier, after a 6.5 percent expansion in the last quarter of 2020, a Reuters poll showed.

U.S. retail sales post largest gain in 10 months; weekly jobless claims fall

U.S. retail sales rose by the most in 10 months in March as Americans received additional pandemic relief checks from the government and increased COVID-19 vaccinations allowed broader economic re-engagement, cementing expectations for robust growth in the first quarter.

The brightening economic prospects were underscored by other data on Thursday showing first-time claims for unemployment benefits tumbled last week to the lowest level since March 2020, when mandatory closures of nonessential businesses were enforced to slow the spread of the first COVID-19 wave.

Low base pushes up March exports by 60 percent, imports soar 53.7 percent

Owing to a low base effect, India's merchandise trade shot up by 60 percent in March, after registering just a marginal 0.67 percent in February. Data released by the Commerce and Industry Ministry on 15 April showed outbound trade rose to $34.45 billion.

Calculated year-on-year, exports had fallen by 34.5 percent to just $21.4 billion in March 2020, a year back. Trade had been among the first industries to be hit in the initial days of the pandemic, after a nationwide lockdown was announced on March 23. However, the impact of lockdown in other nations had already begun, thus adversely affecting shipping flows even before that.