Market Live Updates Today: Trends on SGX Nifty indicate a negative opening for the index in India with a 97 points loss
image for illustrative purpose
The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a negative opening for the index in India with a 97 points loss.
The BSE Sensex was down 271.07 points at 52,501.98, while the Nifty50 declined 101.80 points to 15,767.50 and formed bearish candle on the daily charts as the closing was lower than opening levels.
According to pivot charts, the key support levels for the Nifty are placed at 15,713.13, followed by 15,658.77. If the index moves up, the key resistance levels to watch out for are 15,851.33 and 15,935.17.
The Federal Reserve on Wednesday began closing the door on its pandemic-driven monetary policy as officials projected an accelerated timetable for interest rate increases, opened talks on how to end crisis-era bond-buying, and said the 15-month-old health emergency was no longer a core constraint on U.S. commerce.
Live Updates
- 17 Jun 2021 9:00 AM IST
FII and DII data
Foreign institutional investors (FIIs) net sold shares worth Rs 870.29 crore, while domestic institutional investors (DIIs) net sold shares worth Rs 874.20 crore in the Indian equity market on June 16, as per provisional data available on the NSE.
- 17 Jun 2021 9:00 AM IST
Sebi issues new guidelines for running account settlement
Capital markets regulator Sebi on Wednesday came out with new guidelines for settlement of running account of client's funds and securities that will be applicable from August 1. Under the guidelines, retention of any amount towards administrative or operational difficulties in settling the accounts of regular trading clients (active clients), will be discontinued, the Securities and Exchange Board of India (Sebi) said in a circular.
The settlement of the running account of funds of the client will be done by the trading member after considering the end of the day obligation of funds as on the date of settlement across all the exchanges, at least once within a gap of 30 or 90 days between two settlements of the running account as per the preference of the client.
- 17 Jun 2021 8:59 AM IST
UK inflation hits highest level since before pandemic
British inflation has soared to the highest level since before the coronavirus pandemic, with clothing, fuel and oil prices rebounding as the economy reopens, official data showed Wednesday.
The Consumer Prices Index hit 2.1 percent in May, breaching the Bank of England's 2.0-percent target for the first time since July 2019. The rate compared with 1.5 percent in April, the Office for National Statistics (ONS) added in a statement.
- 17 Jun 2021 8:59 AM IST
Sebi enhances disclosure requirements pertaining to listed debt securities
Sebi on Wednesday decided to bring listed companies' promoters and directors' dealings in listed debt securities under the purview of system driven disclosures.
The stock exchanges and depositories will make necessary arrangements so that disclosures pertaining to listed debt securities along with equity shares and equity derivative instruments are disseminated on the websites of respective bourses from July 1, Sebi said in a circular.
The system driven disclosures have already been implemented for members of promoter group, promoters, directors and designated person of a listed company under the insider trading norms.
- 17 Jun 2021 8:58 AM IST
Asian Markets
Asian markets were mostly lower in Thursday morning trade, as investors watched for market reaction after the U.S. Federal Reserve on Wednesday moved up its timeline for rate hikes.
In Japan, the Nikkei 225 fell 1.11% in morning trade while the Topix index dipped 0.62%. South Korea’s Kospi declined 0.65%
- 17 Jun 2021 8:57 AM IST
US Markets
The three main Wall Street indexes all closed down on Wednesday, as U.S. Federal Reserve officials unnerved investors with indications that the central bank could begin rising interest rates in 2023, a year earlier than expected.
The Dow Jones Industrial Average fell 265.66 points, or 0.77%, to 34,033.67, the S&P 500 lost 22.89 points, or 0.54%, to 4,223.7 and the Nasdaq Composite dropped 33.17 points, or 0.24%, to 14,039.68.
