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

FII and DII data

Foreign institutional investors (FIIs) net sold shares worth Rs 212.11 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 307.75 crore in the Indian equity market on August 12, as per provisional data available on the NSE.

US jobless claims near pandemic low as economy strengthens

The number of Americans seeking unemployment benefits fell for a third straight time last week, the latest sign that employers are laying off fewer people as they struggle to fill a record number of open jobs and meet a surge in consumer demand.

Thursday’s report from the Labor Department showed that jobless claims fell to 375,000 from 387,000 the previous week. The number of applications has fallen steadily since topping 900,000 in early January as the economy has increasingly reopened in the aftermath of the pandemic recession.

June IIP rises 13.6% YoY due to low base effect

A continuing low base effect led to industrial production in India expanding by nearly 13.6 percent year-on-year (YoY) in June, against a 28.6 percent rise in May and a massive 134 percent rise in April. When compared with May 2019; however, the industrial output showed a contraction of 13.4 percent.

Retail inflation cools to 5.59% in July, comes back to within MPC's target range

Consumer Price Index-Based inflation (CPI) for July came in at 5.59 percent, back within the Monetary Policy Committee's inflation targeting range of 4 (+/-2) percent, on the back of softening food prices.

Consumer Food Price Inflation (CFPI) for July cooled to 3.96 percent compared with 5.15 percent in June, data from the National Statistical Office showed on August 12.

ixigo files for Rs 1,600-crore IPO

AI-based travel app ixigo, which is backed by the likes of Sequoia Capital, Elevation Capital (formerly Saif Partners) and Micromax, has filed its papers with market regulator Sebi to raise Rs 1,600 crore via an initial public offer.

Govt to sell up to 25% stake in NSC via IPO

The government has kickstarted the process of selling up to 25 per cent stake in National Seeds Corporation (NSC) through an initial public offering (IPO).

The Department of Investment and Public Asset Management (DIPAM) has invited bids from merchant bankers and legal advisors for working on the proposed IPO and subsequent stock exchange listing of the PSU under the Ministry of Agriculture and Farmers Welfare.

RBI buys record gold in H1CY21, reserves cross 700 tonnes

With the highest gold purchase on a half-yearly basis, the Reserve Bank of India's (RBI) gold reserves, in proportion of its forex reserves, has crossed 700 tonnes for the first time, a report said on August 12.

The central bank purchased a record 29 tonnes of gold, as part of its forex reserves, in the first half of calendar year 2021, Business Standard reported. This takes the RBI's total gold reserves to 705.6 tonnes, as of June 30, 2021.

Oil falls a second day after IEA warns of slowdown in demand

Oil prices fell for a second day on Friday after the IEA warned that demand growth for crude and its products had slowed sharply as surging cases of COVID-19 worldwide has forced governments to revive restrictions on movement.

Dollar holds firm near 4-month high on Fed tapering bets

The dollar held firm on Friday, staying near its highest level in four months against a basket of currencies as investors looked for more hints from the Federal Reserve on its plans to reduce monetary stimulus.