The Indian market is likely to open lower on Friday following a mixed trade in Asian markets. The trend on SGX Nifty indicates a negative start for the broader index in India. At 7:50 am, the SGX Nifty was trading 180 points or 1.21 percent lower at 14,754, indicating a weak start for the Indian market.
1. Wall Street: Stocks overcame a midday stumble and ended broadly higher on Wall Street, pushing the S&P 500 to another record high. The S&P 500 and DJIA rose 0.7 percent each. The Nasdaq added 0.2 percent.
2.. Asian equities: Asia-Pacific markets struggled for gains Friday as investors turned cautious, despite a positive finish stateside in the previous session. Australia’s ASX 200 fell 0.7 percent as all sectors turned red. The benchmark Nikkei 225 was down 0.43 percent while the Topix index traded near flat. Chinese mainland shares also fell.
3. D-Street: The Indian equity market reversed its opening gains to end flat with a positive bias on Thursday amid high volatility on the monthly F&O expiry day. Smallcap indices outperformed to close half a percent higher than peers. The Sensex rallied 32 points, or 0.06 percent to 49,781, and the Nifty closed 30.35 points, or 0.20 percent higher at 14,894.
4. Crude oil: Oil prices rose on Thursday, on track to hit six-week highs as strong US economic data, a weak dollar and an expected recovery in demand outweighed concerns about rising output and the impact of higher COVID-19 cases in Brazil and India. Brent futures rose 1.1 percent to $67.98 a barrel by 1620 GMT. US West Texas Intermediate (WTI) crude rose 0.9 percent to $64.42.
5. Rupee: The rupee rose by 29 paise to close at 74.07 against the US dollar on Thursday, registering a rise of 29 paise and extending gains for the fourth straight session amid a positive trend in domestic equities. At the interbank forex market, the local unit opened at 74.20 against the greenback and witnessed an intra-day high of 73.94 and a low of 74.23.
6. Gold: Gold went higher by Rs 61 to Rs 46,472 per 10 gram on Thursday. Silver also moved up by Rs 1,776 to Rs 68,785 per kg, from Rs 67,009 per kg in the previous trade. In the international market, gold was quoting marginally lower at USD 1,777 per ounce, while silver was flat at USD 26.29 per ounce.
7. SEBI: Sebi on Thursday provided relaxation to companies from compliance with certain provisions of Listing Obligations and Disclosure Requirements (LODR) Regulations. Read more
8. COVID-19: Global financial services giant Goldman Sachs on Thursday announced an additional USD 10 million support to help India fight the surge in COVID-19 infections and deaths. Read more
9. SEBI: Market regulator Sebi is planning to go tough on the MII (Market Institutions Infrastructure) like exchanges, depositories & clearing corporations by making the top management accountable for technical glitches on trading platforms by extracting a large pound of flesh. Read more
10. Bharat Biotech: The Hyderabad-based Bharat Biotech on Thursday announced a price of Rs 400 per dose for COVID vaccine supplies to state governments. The company had priced Covaxin at Rs 600 per dose for states and Rs 1,200 per dose for private hospitals. Read more
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