Market Live Updates Today: Trends on SGX Nifty indicate a gap-down opening for the broader index in India with a loss of 105 points.
image for illustrative purpose
The BSE Sensex fell 59 points to 57,833, while the Nifty50 declined 28.30 points to 17,276 and formed bullish candle which resembles Spinning Top kind of pattern formation on the daily charts, continuing to struggle around its 20-day SMA (17,353) for the third session in a row.
As per the pivot charts, the key support levels for the Nifty are placed at 17,203, followed by 17,130. If the index moves up, the key resistance levels to watch out for are 17,365 and 17,454.
US Markets
The Dow Jones Industrial Average fell 0.68 percent to end at 34,079.18 points, while the S&P 500 lost 0.72 percent to 4,348.87. The Nasdaq Composite dropped 1.23 percent to 13,548.07.
The indices logged weekly declines for the second straight week, buffeted by rising tensions between Moscow and the West over Ukraine. For the week, the S&P 500 fell 1.6 percent, the Dow lost 1.9 percent and the Nasdaq declined 1.8 percent.
Asian Markets
Asian share markets pared sharp early losses on Monday as a glimmer of hope emerged for a diplomatic solution to the Russian-Ukraine standoff, though there remained plenty of devil in the detail.
MSCI's broadest index of Asia-Pacific shares outside Japan pared their losses to be down 0.4 percent, while Japan's Nikkei halved its drop to be down 0.9 percent.
Live Updates
- 21 Feb 2022 9:19 AM IST
FII and DII data
Foreign institutional investors (FIIs) have net sold Rs 2,529.96 crore worth of shares, whereas domestic institutional investors (DIIs) have net bought Rs 1,929.08 crore worth of shares in the Indian equity market on February 18, as per provisional data available on the NSE.
- 21 Feb 2022 9:19 AM IST
As stocks swing, investors bet choppy markets are here to stay: Report
After a turbulent start to the year, investors are betting stock market volatility isn’t going away anytime soon. While tensions between Russia and Ukraine have been the most recent driver of stock market gyrations, many expect inflation, uncertainty over monetary policy and stretched valuations to keep stirring asset prices this year, even if geopolitical fears subside.
The Cboe Volatility Index, often called Wall Street's "fear gauge,” recently stood at 29, some 11 points higher than its historical median. Volatility futures at least eight months out show markets pricing increased stock market gyrations for much of the year. Some 78 percent of US investment professionals responsible for fund selection and portfolio construction anticipate a rise in stock market volatility in 2022, according to a recently released Natixis Investment Managers Survey.
- 21 Feb 2022 9:18 AM IST
Japan's February factory activity growth falls to 5-month low
Japan's manufacturing activity expanded at the slowest pace in five months in February as output contracted, underscoring the prolonged impact that global supply chain disruptions are having on the world's third-largest economy.
The au Jibun Bank Flash Japan Manufacturing Purchasing Managers' Index (PMI) fell to a seasonally adjusted 52.9 from a final 55.4 in the previous month. A reading below 50 indicates contraction from the previous month, above 50 expansion.
- 21 Feb 2022 9:17 AM IST
Federal Reserve officials lean against large increase to kick off rate hikes
Federal Reserve officials on Friday squelched what had been rising market expectations for an aggressive initial response to 40-year-high US inflation, signaling that steady interest rate hikes should be enough to do the trick.
"I don’t see any compelling argument to taking a big step at the beginning," New York Federal Reserve Bank President John Williams, the No. 2 official on the central bank's policy-setting panel, told reporters after a speech.
Fed Governor Lael Brainard - President Joe Biden's nominee to be vice chair at the Fed - said officials will likely kick off a "series of rate increases" at their upcoming meeting in March, followed by decreases in the size of the Fed's balance sheet "in coming meetings."
- 21 Feb 2022 9:17 AM IST
Oil jumps on fresh warnings over Ukraine-Russia conflict
Oil prices gained more than $1 in early trade on Monday on rising jitters over potential conflict between Russia and Ukraine, with the US and European Union making clear Russia would face sanctions if it invaded its neighbour.
Brent crude futures were up $1.34, or 1.4 percent, at $94.88 a barrel at 2312 GMT after hitting a high of $95.00 in early trade. US West Texas Intermediate (WTI) crude futures were up $1.68, or 1.8 percent, at $92.75 a barrel after hitting a high of $92.93.
