Market Live Updates Today: Trends on SGX Nifty indicate a positive opening for the index in India with a 23 points gain
Market Live Updates Today
The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a positive opening for the index in India with a 23 points gain.
Sensex closed 639 points, or 1.22 percent, higher at 52,837.21 while the Nifty settled at 15,824.05, up 192 points or 1.23 percent.
US Markets
US stock markets closed higher after a mixed trading session as investors digested negative economic data reflecting the country's struggle to move past the COVID-19 pandemic, while yields on safe-haven assets such as US Treasuries slipped.
The Dow Jones Industrial Average rose 25.35 points, or 0.07%, to close at 34,823.35, the S&P 500 gained 8.79 points, or 0.20%, to end the day at 4,367.48 and the Nasdaq Composite added 52.64 points, or 0.36%, to close at 14,684.60.
Asian Markets
Shares in Asia-Pacific were lower in Friday morning trade as investors monitor Chinese tech stocks in Hong Kong after regulatory concerns resurfaced. South Korea's Kospi sat below the flatline in early trade. In Australia, the S&P/ASX 200 shed 0.18%. MSCI's broadest index of Asia-Pacific shares outside Japan traded 0.07% lower.
SGX Nifty
Trends on SGX Nifty indicate a positive opening for the index in India with a 23 points gain. The Nifty futures were trading at 15,837 on the Singaporean Exchange around 07:00 hours IST.
Live Updates
- 23 July 2021 3:32 AM GMT
FII and DII data
Foreign institutional investors (FIIs) net sold shares worth Rs 247.59 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 942.55 crore in the Indian equity market on July 22, as per provisional data available on the NSE.
- 23 July 2021 3:31 AM GMT
Zomato to list on exchanges today
Zomato, one of the leading food services platforms in India in terms of value of food sold, will list on the bourses on July 23. Experts suggest the stock could list at a price of more than Rs 100 per share, i.e. more than 30 percent premium over final offer price of Rs 76.
Despite the higher valuation, analysts expect a strong listing on the back of significant jump in grey market premium in last few days, positive market sentiment, earnings surprise by Jubilant Foodworks in Q1FY22, and the first mover advantage in the food delivery segment along with expected financial improvement.
Zomato shares traded at a premium of Rs 20-22 in the grey market, the unofficial platform for trading in IPO shares, the data available on IPO Watch and IPO Central showed. The grey market premium opens at the time of price band announcement, till the listing of shares on the bourses.
This resulted into a trading price of Rs 96-98 in the grey market, a 26-29 percent premium over issue price of Rs 76 per share.
- 23 July 2021 3:31 AM GMT
ECB pledges to keep rates low until inflation hits new 2% target
The European Central Bank on Thursday said interest rates would stay at their current record low levels until it sees inflation "durably" reaching the bank's new target of two percent.
The 25-member governing council "expects the key ECB interest rates to remain at their present or lower levels until it sees inflation reaching two per cent well ahead of the end of its projection horizon and durably for the rest of the projection horizon," the bank said in a statement, adding that "this may also imply a transitory period in which inflation is moderately above target".
- 23 July 2021 3:30 AM GMT
REITs, InvITs to disclose investors' complaints on websites, stock exchanges filings
Markets regulator Sebi on Thursday said all complaints received by emerging investment instruments REITs and InvITs will have to be disclosed on their websites and to stock exchanges in a prescribed format.
In separate circulars, Sebi said all complaints including SCORES received by InvIT and REITs will have to be disclosed in the format on their respective websites and also filed with the stock exchange(s) where their units are listed within 21 days from the end of financial year or end of quarter, as the case may be.
- 23 July 2021 3:30 AM GMT
Retail investors participation rises in securities mkt on low interest rate, ample liquidity: Sebi Chief
Retail investors' interest in the Indian securities market has sharply increased to an average of 2.45 million Demat accounts opened per month during April-June, Sebi chief Ajay Tyagi said on Thursday.
The prevailing low-interest rates and ample liquidity availability are the major factors for the increased investors' interest in the securities market in India, he added.
