Market Live Updates Today: Trends on SGX Nifty indicate a cautious opening for the broader index in India with a gain of 19
The Indian stock market is expected to open on a cautious note as trends on SGX Nifty indicate a cautious opening for the broader index in India with a gain of 19 points.
Market Live Updates
The Indian stock market is expected to open on a cautious note as trends on SGX Nifty indicate a cautious opening for the broader index in India with a gain of 19 points.
The BSE Sensex fell 537 points to 56,819, while the Nifty50 plunged 162 points to 17,038 ahead of the expiry of April derivative contracts, and formed a small-bodied bearish candle which resembles a hammer pattern on the daily charts as there was some recovery from the day's low.
US Markets
The S&P 500 ended higher on Wednesday following a steep drop the day before, with strong revenue forecasts from Microsoft and Visa helping to alleviate worries about slowing global economic growth and rising interest rates.
Microsoft Corp rallied after the software heavyweight late on Tuesday gave a strong revenue forecast, while payments network Visa Inc jumped after it predicted revenue above pre-pandemic levels.
The Dow Jones Industrial Average rose 0.19% to end at 33,301.93 points, while the S&P 500 gained 0.21% to 4,183.92. The Nasdaq Composite dropped 0.01% to 12,488.93.
Asian Markets
Asia-Pacific stocks were higher in Thursday morning trade, as investors in the region look ahead to the Bank of Japan's latest monetary policy decision.
The Nikkei 225 in Japan rose fractionally while the Topix index climbed 0.31%. South Korea's Kospi advanced 0.32% while the S&P/ASX 200 in Australia gained 0.94%. MSCI's broadest index of Asia-Pacific shares outside Japan traded 0.21% higher.
SGX Nifty
Trends on SGX Nifty indicate a cautious opening for the broader index in India with a gain of 19 points. The Nifty futures were trading around 17,069 levels on the Singaporean exchange.
Live Updates
- 28 April 2022 3:58 AM GMT
Opening Bell
Sensex, Nifty Open Higher; Hindustan Unilever Gains 3% India's stock benchmarks opened higher, aided by gains in power, fmcg, energy, auto, oil and gas stocks, amid rebound in global equities.
- 28 April 2022 3:30 AM GMT
FII and DII data
Foreign institutional investors (FIIs) have net sold shares worth Rs 4,064.54 crore, while domestic institutional investors (DIIs) have net bought shares worth Rs 1,917.51 crore on April 27, as per provisional data available on the NSE.
- 28 April 2022 3:30 AM GMT
US goods trade deficit hits record high; Q1 GDP growth estimates slashed
The US trade deficit in goods widened to a record high in March likely as businesses who are worried about shortages front-loaded imports after Russia's invasion of Ukraine, raising the risk that economic growth stalled in the first quarter.
The report from the Commerce Department on Wednesday also showed solid increases in retail and wholesale inventories. That could offset some of the hit to gross domestic product growth from the sky-high trade gap.
The goods trade deficit jumped 17.8% to an all-time high of $125.3 billion. The increase likely reflected both higher volumes and prices. Imports of goods accelerated 11.5% to $294.6 billion. They were boosted by a 15.% surge in imports of industrial supplies, which include petroleum products.
- 28 April 2022 3:29 AM GMT
HUL Q4 profit rises 8.6% YoY to Rs 2,327 cr, revenue grows to Rs 13,462 cr
FMCG major Hindustan Unilever Limited (HUL) on April 27 declared an 8.6 percent rise in standalone post-tax profit at Rs 2,327 crore for the fourth quarter ended March 2022 as against Rs 2,143 crore recorded a year ago.
On a sequential basis, the net profit has risen by 3.7 percent compared to the profit of Rs 2,243 achieved in the December 2021 quarter.
The standalone Q4 revenue from operations for HUL came in at Rs 13,462 crore, an increase of 11 percent on Rs 12,132 crore reported in the previous corresponding quarter. On a sequential basis, the revenues increased 2.8 percent over Rs 13,092 crore registered in the October–December period.
- 28 April 2022 3:29 AM GMT
Govt approves Rs 60,939 crore subsidy for P&K fertilisers for April-September
The government on Wednesday approved a subsidy of Rs 60,939.23 crore for phosphatic and potassic (P&K) fertilisers, including DAP, for the first six months of this fiscal, as part of its efforts to provide soil nutrients to farmers at an affordable price.
The Union Cabinet has approved nutrient-based subsidy (NBS) rates for Phosphatic and Potassic fertilisers for the Kharif season from April 1, 2022, to September 30, 2022.
Briefing media about the Cabinet decision, Information and Broadcasting Minister Anurag Thakur said the Cabinet has approved a subsidy of Rs 60,939 crore on P&K fertilisers for the Kharif season against the subsidy of around Rs 57,150 crore on these nutrients for the entire last fiscal.
- 28 April 2022 3:28 AM GMT
Oil prices dip as dollar soars, US crude stocks rise modestly
Oil prices dipped on Wednesday as a soaring dollar made barrels more expensive and as coronavirus outbreaks cloud the economic outlook in China, the world's biggest importer of crude oil.
Brent crude futures fell by 4 cents to $104.95 a barrel. US West Texas Intermediate crude futures dropped 25 cents to $101.45.
