Market Live Updates Today: Trends on SGX Nifty indicate a positive opening for the index in India with a 94-points gain.
image for illustrative purpose
Benchmark indices ended at record closing high on September 24. The BSE Sensex jumped 163.11 points to 60,048.47, while the Nifty50 rose 30.25 points to 17,853.20 and formed bearish candle on the daily charts as the closing was lower than opening levels. During the week, the BSE Sensex gained 1.75 percent and Nifty50 rose 1.5 percent, continuing uptrend for fifth consecutive week.
US Markets
The Dow Jones Industrial Average rose 33.18 points, or 0.1 percent, to 34,798, the S&P 500 gained 6.5 points, or 0.15 percent, to 4,455.48 and the Nasdaq Composite dropped 4.55 points, or 0.03 percent, to 15,047.70.
Asian Markets
Asian shares got off to a cautious start on Monday as a jump in oil prices to three-year highs could inflame inflation fears and aggravate the recent hawkish turn by some major central banks.
MSCI's broadest index of Asia-Pacific shares outside Japan was flat, after three consecutive weeks of loss. Japan's Nikkei gained 0.4% on hopes for further fiscal stimulus once a new prime minister is chosen.
SGX Nifty
Trends on SGX Nifty indicate a positive opening for the index in India with a 94-points gain. The Nifty futures were trading at 17,952 on the Singaporean Exchange around 07:30 hours IST.
Live Updates
- 27 Sept 2021 9:13 AM IST
FII and DII data
Foreign institutional investors (FIIs) net acquired shares worth Rs 442.49 crore, while domestic institutional investors (DIIs) net sold shares worth Rs 515.85 crore in the Indian equity market on September 24, as per provisional data available on the NSE.
- 27 Sept 2021 9:12 AM IST
Foreign portfolio investors net buyers at Rs 21,875 crore so far in September
Remaining positive about the long-term outlook of Indian markets, foreign portfolio investors (FPI) were net buyers so far in September with an investment of Rs 21,875 crore.
According to data from depositories, FPIs pumped in Rs 13,536 crore into equities and Rs 8,339 crore into the debt segment during September 1-23, taking the total net investment to Rs 21,875 crore. FPIs were net buyers at Rs 16,459 crore in August.
- 27 Sept 2021 9:11 AM IST
IPO rush 30 firms may float public issues in October-November to mop up Rs 45,000 crore
Hectic fundraising through initial public offerings (IPOs) is expected in October-November, with at least 30 companies are looking to collectively raise over Rs 45,000 crore through initial share-sales, merchant banking sources said. Of the total fundraising, a large chunk would be garnered by technology-driven companies.
The firms that are expected to raise funds through their IPOs during October-November include Policybazaar (Rs 6,017 crore), Emcure Pharmaceuticals (Rs 4,500 crore) Nykaa (Rs 4,000 crore), CMS Info Systems (Rs 2,000 crore), MobiKwik Systems (Rs 1,900 crore), the merchant banking sources said.
- 27 Sept 2021 9:10 AM IST
Forex reserves down by $1.47 billion to $639.64 billion
The country's foreign exchange reserves declined by $1.47 billion to $639.642 billion in the week ended September 17, RBI data showed on Friday. In the previous week ended September 10, 2021, the reserves had dipped by $1.34 billion to $641.113 billion. The reserves had surged by $8.895 billion to a lifetime high of $642.453 billion in the week ended September 3, 2021.
The special drawing rights (SDRs) with the International Monetary Fund (IMF) declined by $4 million to $19.434 billion. The country's reserve position with the IMF also decreased by $8 million to $5.119 billion in the reporting week, the data showed.
- 27 Sept 2021 9:09 AM IST
Banking sector needs to be scaled up with 4-5 SBI-sized banks: FM Sitharaman
The country's banking sector needs to be scaled up with four to five lenders of the size of State Bank of India (SBI), the country's largest state-run lender, Finance Minister Nirmala Sitharaman said on September 26. "We need to scale up banking. The need is for at least four-five more SBI-sized banks," Sitharaman said.
Sitharaman said there was an urgent need to scale up banking to not only meet the growing needs of the industry, but also to ensure that all economic centres of the country are covered with at least one physical or digital banking presence
- 27 Sept 2021 9:08 AM IST
Oil prices
Oil pushed past its July peaks as global output disruptions forced energy companies to pull large amounts of crude out of inventories, while a shortage of natural gas in Europe pushed costs up across the continent.
