Market Live Updates Today: Trends on SGX Nifty indicate a negative opening for the index in India with a 56 points loss
image for illustrative purpose
The Indian stock market is expected to open in the red following weak global cues as trends on SGX Nifty indicate a negative opening for the index in India with a 56 points loss.
The BSE Sensex fell 485.82 points to close at 52,568.94, while the Nifty50 declined 151.80 points to 15,727.90 and formed bearish candle on the daily charts.
US Markets
Wall Street lost ground on Thursday, with the S&P 500 and the Nasdaq pulling back from record closing highs in a broad sell-off driven by uncertainties surrounding the pace of the U.S. economic recovery.
The Dow Jones Industrial Average fell 259.86 points, or 0.75%, to 34,421.93, the S&P 500 lost 37.31 points, or 0.86%, to 4,320.82 and the Nasdaq Composite dropped 105.28 points, or 0.72%, to 14,559.79.
Asian Markets
Shares in Asia-Pacific fell in Friday morning trade as investors reacted to the release of Chinese inflation data.
In Japan, the Nikkei 225 led losses among the region's major markets as it fell 2.01% in morning trade while the Topix index shed 1.85%.
SGX Nifty
Trends on SGX Nifty indicate a negative opening for the index in India with a 56 points loss. The Nifty futures were trading at 15,653 on the Singaporean Exchange around 07:30 hours IST.
Live Updates
- 9 July 2021 10:36 AM IST
Stocks under F&O ban on NSE
Five stocks – Indiabulls Housing Finance, NALCO, NMDC, Punjab National Bank, and SAIL – are under the F&O ban for July 9. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position
- 9 July 2021 10:36 AM IST
FII and DII data
Foreign institutional investors (FIIs) net sold shares worth Rs 554.92 crore, while domestic institutional investors (DIIs) net sold shares worth Rs 949.18 crore in the Indian equity market on July 8, as per provisional data available on the NSE.
- 9 July 2021 10:35 AM IST
Private equity inflows jump 118% in H1 2021 to $11.82 billion
Private equity investment inflows to domestic firms soared two-fold in the first half of 2021 to $11.82 billion over the year-ago period when the whole world was under lockdowns due to the first wave of the killer virus, show industry data.
Fund inflows jumped over 77 percent in the second quarter of 2021 to $7.55 billion compared to $4.26 billion in the first quarter, according to the data collated by Refinitiv, the London Stock Exchange Group's financial markets data and insights arm.
- 9 July 2021 10:35 AM IST
RBI issues advisory to banks to prepare for transition from LIBOR
The Reserve Bank of India (RBI) on July 8 issued an advisory to banks and other RBI-regulated entities emphasising the need for preparedness for the transition away from London Interbank Offered Rate (LIBOR).
The RBI advisory is part of a worldwide transition of financial institutions from old benchmark to new alternative reference rates. LIBOR is the interest rate average submitted by leading UK banks.
- 9 July 2021 10:34 AM IST
TCS Q1 result: Net profit falls 2.6% to Rs 9,008 crore; growth across verticles boosts revenue by 3.9%
The country's largest IT services provider Tata Consultancy Services on July 8 reported a consolidated profit of Rs 9,008 crore for the quarter ended June 2021, registering a 2.6 percent sequential decline due to lower other income, and missing analysts' expectations.
The year-on-year growth in consolidated profit was 28.5 percent during the quarter. Other income declined sharply by 22.6 percent QoQ to Rs 721 crore in Q1FY22. TCS said the revenue from operations grew by 3.9 percent sequentially to Rs 45,411 crore in the quarter ended June 2021, and the year-on-year growth was a massive 18.5 percent.
