Market Live Updates Today: Trends on SGX Nifty indicate a cautious opening for the index in India with a 17-points gain
FIIs inflows to gain traction on economic recovery; tapering a roadblock
The Indian stock market is expected to open on a cautious note as trends on SGX Nifty indicate a positive opening for the index in India with a 17-points gain.
The market ended lower due to profit-booking in the final hour of the trade on October 27, snapping two days of gains. Sensex was down 206.93 points, or 0.34 percent, at 61,143.33, and the Nifty was down 57.40 points, or 0.31 percent, at 18,211.
US Markets
The Nasdaq ended little changed on Wednesday, boosted by gains in Microsoft and Google parent Alphabet on the heels of their quarterly results, but a drop in oil prices and a pullback in Treasury yields weighed on cyclical sectors and pulled the S&P 500 lower.
Asian Markets
Shares in Asia-Pacific declined in Thursday morning trade as investors await the Bank of Japan's latest monetary policy announcement.
The Nikkei 225 in Japan declined 1.2% in early trade while the Topix index shed 1.13%. Retail sales in Japan fell 0.6% in September from a year earlier, according to government data released Thursday.
SGX Nifty
Trends on SGX Nifty indicate a cautious opening for the index in India with a 17-points gain. The Nifty futures were trading at 18,229 on the Singaporean Exchange around 07:30 hours IST.
Live Updates
- 29 Oct 2021 3:57 AM GMT
FII and DII data
Foreign institutional investors (FIIs) net sold shares worth Rs 1913.36 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 472.48 crore in the Indian equity market on October 27, as per provisional data available on the NSE.
- 29 Oct 2021 3:57 AM GMT
Forex reserves surge by $58.38 billion in March-September 2021 period: RBI report
The country's foreign exchange reserves surged by $58.38 billion in April-September 2021 to $635.36 billion, says an RBI report released on Wednesday. The forex reserves were at $576.98 billion at end-March 2021.
The Reserve Bank of India (RBI) publishes half-yearly reports on management of foreign exchange reserves. These reports are prepared half yearly with reference to the position as at end-March and end-September each year.
- 29 Oct 2021 3:56 AM GMT
Oil drops more than 1% as US stockpiles rise sharply
Oil prices fell on Wednesday after US crude oil stockpiles rose more than expected, even as fuel inventories dropped and tanks at the nation's largest storage hub emptied further.
Brent oil futures ended down $1.82, or 2.1%, to $84.58 a barrel, after closing at a seven-year high on Tuesday. U.S. West Texas Intermediate (WTI) crude settled down $1.99, or 2.4%, to $82.66 a barrel.
- 29 Oct 2021 3:56 AM GMT
Japan's Sept retail sales decline for a second month
Japan’s retail sales fell for a second month in September as consumers limited spending amid concerns over the coronavirus pandemic, reinforcing expectations the world’s third-largest economy stalled in the third quarter.
Retail sales in September slipped 0.6% from the same month a year earlier, government data showed on Thursday, better than economists’ median forecast for a 2.3% decline in a Reuters poll. It followed a 3.2% dip in August that marked the first year-on-year decline in six months.
