Market Live Updates Today: Trends on SGX Nifty indicate a negative opening for the broader index in India.
As per the pivot charts, the key support level for the Nifty is placed at 17,401 followed by 17,326. If the index moves up, the key resistance levels to watch out for are 17,607 and 17,739.
US Markets
Wall Street stocks finished lower while bond yields and the dollar rose on Thursday as investors worried about the potential for aggressive US policy tightening as other central banks around the world moved to reduce support.
The benchmark 10-year US Treasury yield jumped, following two days of declines, after a flurry of US economic data such as retail sales and jobless claims and the European Central Bank's announcement of less aggressive than expected tightening plans.
The Dow Jones Industrial Average fell 113.36 points, or 0.33 percent, to 34,451.23 while the S&P 500 lost 54 points, or 1.21 percent, to 4,392.59 and the Nasdaq Composite dropped 292.51 points, or 2.14 percent, to 13,351.08.
Asian Markets
Shares in Asia largely slipped in Monday morning trade as investors await Chinese economic data, including the economic powerhouse's first-quarter gross domestic product figures.
In Japan, the Nikkei 225 fell 1.77 percent in morning trade as shares of Fast Retailing and SoftBank Group declined more than 1 percent each. The Topix index shed 1.64 percent.
Mainland Chinese stocks were also lower, with the Shanghai composite down about 1 percent and the Shenzhen component shed 1.484 percent.
SGX Nifty
Trends on SGX Nifty indicate a negative opening for the broader index in India. The Nifty futures were trading around 17,290 levels on the Singaporean exchange against April 13 close of 17,519 level.
Live Updates
- 18 April 2022 4:09 AM GMT
FII and DII data
Foreign institutional investors (FIIs) net sold shares worth Rs 2,061.04 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 1,410.85 crore on April 13, as per NSE provisional data.
- 18 April 2022 4:09 AM GMT
Increased tax revenue mop-up keeps India on track to becoming $5 trillion economy: FinMin
The focus on capex in the recently announced Budget for the current fiscal year will boost manufacturing and tax revenue collections, thereby keeping India on track to becoming a $5 trillion economy, the finance ministry said on Thursday.
Tax revenues in last fiscal year grew by a record 34 per cent to Rs 27.07 lakh crore, which the ministry said is "a remarkable testimony to the rapid recovery" of the economy following successive waves of COVID-19.
"The central government’s focus on making India a global economic powerhouse and the host of measures adopted towards this commitment has directly reflected in India’s GDP growth in recent years."
- 18 April 2022 4:08 AM GMT
China data to show sharp March deterioration as COVID bites, but solid Q1 growth.
China is expected to report a sharp deterioration in economic activity in March as COVID-19 outbreaks and lockdowns hit consumers and factories, although first-quarter growth may have perked up due to a strong start early in the year.
Data on Monday is expected to show gross domestic product (GDP) grew 4.4 in January-March from a year earlier, a Reuters poll showed, outpacing the fourth-quarter's 4 percent pace due to a surprisingly solid start in the first two months.
But on a quarterly basis, GDP growth is forecast to fall to 0.6 percent in the first quarter from 1.6 percent in October-December, the poll showed, pointing to cooling momentum.
- 18 April 2022 4:08 AM GMT
US factory output rises more than forecast in broad advance.
US factory production rose in March by more than forecast, marking the third straight month of gains that show steady progress for manufacturers against a backdrop of gradually improving supply chains.
The 0.9 percent increase followed a 1.2 percent gain in February, Federal Reserve data showed Friday. Total industrial production, which also includes mining and utility output, also rose 0.9 percent during the month and the gain in February was revised up.
- 18 April 2022 4:07 AM GMT
Oil prices rise on supply concerns as Ukraine crisis deepens
Oil prices rose on Monday as concerns grew about tighter global supply, with the deepening crisis in Ukraine raising the prospect of heavier sanctions by the West on top exporter Russia.
Brent futures were up $1.50, or 1.3 percent, at $113.20 a barrel at 0030 GMT, and US West Texas Intermediate futures rose 98 cents, or 0.9 percent, to $107.93 a barrel.
