Market Live Updates Today: Trends on SGX Nifty indicate a positive opening for the index in India with a 74 points gain
image for illustrative purpose
The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a positive opening for the index in India with a 74 points gain.
Sensex jumped 403 points, or 0.73 percent, to settle at 55,958.98 while the Nifty ended the day with a gain of 128 points, or 0.78 percent, at 16,624.60.
According to pivot charts, the key support levels for the Nifty are placed at 16,530.9, followed by 16,437.2. If the index moves up, the key resistance levels to watch out for are 16,682.7 and 16,740.8.
US Markets
Wall Street ended higher in a late-summer, light volume rally on Tuesday as the FDA's full approval of a COVID-19 vaccine on Monday and the absence of negative catalysts kept risk appetite alive ahead of the much-anticipated Jackson Hole Symposium.
The Dow Jones Industrial Average rose 30.55 points, or 0.09%, to 35,366.26, the S&P 500 gained 6.7 points, or 0.15%, to 4,486.23 and the Nasdaq Composite added 77.15 points, or 0.52%, to 15,019.80.
Asian Markets
Asia-Pacific stocks mostly rose in early trade Wednesday, as optimism continued to drive U.S. stocks, with the S&P 500 and Nasdaq reaching record highs overnight.
Nikkei 225 in Japan was up 0.35%, while the Topix jumped 0.39%. The Kospi rose 0.42% while Australia S&P/ASX 200 was up 0.24%.
SGX Nifty
Trends on SGX Nifty indicate a positive opening for the index in India with a 74 points gain. The Nifty futures were trading at 16,693 on the Singaporean Exchange around 07:30 hours IST.
Live Updates
- 25 Aug 2021 8:54 AM IST
Stocks under F&O ban on NSE
Four stocks - Canara Bank, Vodafone Idea, NMDC and SAIL - are under the F&O ban for August 25. 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 limit.
- 25 Aug 2021 8:54 AM IST
Sebi penalises six individuals for violating insider trading rules in Titan case
Capital markets regulator Sebi on Tuesday penalised six individuals for violating insider trading norms in the matter of Titan Company Ltd. The regulator has levied a fine of Rs 1 lakh each on Muniraj Radhakrishnan, Gangadhar Sudheer Kallihal, Punit Juneja, Jayraj P, Arjun Ramji Vishwakarma and Mekat George.
In six separate orders, Sebi said these individuals were employees or designated persons of Titan at the time of the violation.
- 25 Aug 2021 8:53 AM IST
REITs, InvITs to be included in Nifty indices from September 30
Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts will be included in the Nifty indices from September 30, according to new eligibility criteria announced by the NSE.
In a statement on Monday, the exchange said all equity shares, REITs and InvITs that are traded (listed and traded and not listed but permitted to trade) at the NSE are eligible for inclusion in the Nifty indices.
- 25 Aug 2021 8:53 AM IST
July oil imports hit 1-year low on refinery maintenance
India’s July crude oil imports slumped to their lowest in a year, tanker arrival data from industry sources showed, and are likely to rebound in August as refiners are expected to boost runs after maintenance of units.
Crude imports in July fell 12.5% month-on-month to 3.4 million barrels per day (bpd), but rose 12.8% year-on-year, as refiners shut units for maintenance and cut crude imports anticipating lower fuel demand during the monsoon season.
Government data released on Tuesday showed India’s oil imports declined to about 15.02 million tonnes, about 3.5 million bpd.
- 25 Aug 2021 8:52 AM IST
Dollar near one-week low as Delta fears ease
The safe-haven dollar traded near a one-week low versus major peers on Wednesday as concerns eased that the highly contagious Delta coronavirus variant could derail a global economic recovery, lifting commodity-linked currencies like the Aussie.
The dollar index, which tracks the currency against six rivals, was little changed at 92.955, after dipping to 92.804 the previous day for the first time since August 17.
- 25 Aug 2021 8:50 AM IST
Oil settles up 3%
Oil prices rose 3% on Tuesday, supported after Mexico suffered a large production outage due to a fire on an oil platform and also by full U.S. regulatory approval of vaccines for COVID-19.
Brent crude oil futures settled up $2.30, or 3.4%, at $71.05 a barrel, while U.S. West Texas Intermediate (WTI) gained $1.90, or 2.9%, to settle at $67.54.
