Market Live Updates Today: Trends on SGX Nifty indicate a weak opening for the index in India with a 72 points loss.
image for illustrative purpose
According to pivot charts, the key support levels for the Nifty are placed at 16,868.34, followed by 16,751.47. If the index moves up, the key resistance levels to watch out for are 17,200.13 and 17,415.07.
US Markets
Wall Street finished lower on Friday, weighed down by Big Tech as investors worried about the Omicron coronavirus variant and digested the Federal Reserve's decision to end its pandemic-era stimulus faster.
All three main U.S. stock indexes ended with a decline for the week after the Fed on Wednesday signaled three quarter-percentage-point interest rate hikes by the end of 2022 to combat surging inflation.
In Friday's session, the Dow Jones Industrial Average fell 1.48% to end at 35,365.44 points, while the S&P 500 lost 1.03% to 4,620.64. The Nasdaq Composite dropped 0.07% to 15,169.68
Asian Markets
Asian share markets fell and oil prices slid on Monday as surging Omicron cases triggered tighter restrictions in Europe and threatened to drag on the global economy into the new year.
A seasonal lack of liquidity made for a bumpy start and S&P 500 futures led the way with a 0.7% drop, while Nasdaq futures shed 0.6%.
Live Updates
- 20 Dec 2021 9:13 AM IST
Stocks under F&O ban on NSE
Three stocks – Escorts, Indiabulls Housing Finance, and Vodafone Idea – are under the F&O ban for December 20. 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.
- 20 Dec 2021 9:12 AM IST
FII and DII data
Foreign institutional investors (FIIs) net sold shares worth Rs 2,069.90 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 1,478.52 crore in the Indian equity market on December 17, as per provisional data available on the NSE.
- 20 Dec 2021 9:12 AM IST
Centre considering changes in law to reduce stake in PSU banks to 26%: Report
The Centre is considering changes in the regulatons to reduce its stake in public sector undertaking (PSU) banks from 51 percent to 26 percent, a report citing sources said on December 17.
The proposal, if cleared by the Narendra Modi government, could prove to be significant in simplifying the privatisation of state-run lenders.
The proposed amendments are still under an early set of deliberations and the details could change, the people familiar with the matter told Live Mint on condition of anonymity, adding that the proposals would require a study and clearance from the Union Cabinet before being placed in the Parliament.
- 20 Dec 2021 9:11 AM IST
RBI board discusses CBDC, private cryptocurrencies
The central board of Reserve Bank of India (RBI) on December 17 discussed issues related to Central Bank Digital Currency (CBDC) and private cryptocurrencies, the RBI said in a press release.
This development assumes significance as the central government is currently in the process of finalising a national law to regulate cryptocurrencies.
The RBI is in the process of rolling out a CDBC which is digital form of a fiat currency. At the same time, it has expressed its concerns on private virtual currencies citing the marcoeconomic risks.
In November, RBI Governor Shaktikanta Das said the RBI has serious concerns as "far deeper" issues are involved in cryptocurrency.
- 20 Dec 2021 9:11 AM IST
India offers 8 oil, gas blocks for bidding in latest round
India has offered 8 oil and gas blocks, mostly in Assam, for bidding in the latest bid round with a view to bringing more area under exploration, leading to increase in domestic production and reduction of imports.
Eight blocks have been offered in the seventh bid round of Open Acreage Licensing Policy (OALP), with bids due on February 15, 2022, the Directorate General of Hydrocarbons (DGH) said.
The "8 Blocks spread over 6 Sedimentary Basins, 5 States covering 15,766 square kilometers of area. Out of 8 Blocks, 5 Blocks are Onland type, 2 Blocks are Shallow Water-type and 1 Block is Ultra Deep-Water type," DGH said in the notice inviting offers.
- 20 Dec 2021 9:10 AM IST
Dollar shines, euro droop
The U.S. dollar hovered near the highest since July of last year against major peers on Monday after a Federal Reserve official signaled a first pandemic-era interest rate hike could come as early as March.
The euro sank with the British pound after the Netherlands went into lockdown on Sunday and Britain's health minister declined to rule out the chance of further restrictions before Christmas amid the rapid spread of the Omicron coronavirus variant.
The dollar index, which measures the currency against six major peers, stood at 96.629, not far from the peak at 96.938 reached last month.
- 20 Dec 2021 9:09 AM IST
Crude Oil
Oil prices slumped by about 2% early on Monday as surging cases of the Omicron coronavirus variant in Europe and the United States stoked investor worries that new restrictions on businesses to combat its spread may hit fuel demand.
Brent crude futures fell $1.36, or 1.9%, to $72.16 a barrel by 0036 GMT while U.S. West Texas Intermediate (WTI) crude futures fell $1.51, or 2.1%, to $69.35 a barrel.
- 20 Dec 2021 9:09 AM IST
Shriram Properties to list today
South-based real estate developer Shriram Properties will list its equity shares on December 20.
The IPO was subscribed 4.6 times, the company’s shares are trading at a premium of only Rs 15 in the grey market, as per IPO watch. This indicates a premium of 12 percent to the issue price of Rs 113-118 per share.
