Stock Market LIVE Updates: Sensex rises 300 points, Nifty tops 17,600; NTPC gains 2%, Grasim sheds 2% – The Economic Times

[ad_1]

Watch this space as we bring you LIVE updates of the day’s proceedings from Dalal Street.

!1 New UpdateClick here for latest updates

Opening Bell: Sensex rises 300 points, Nifty tops 17,600; NTPC gains 2%, Grasim sheds 2%

Pre-open session: Sensex rises 350 points, Nifty50 at 17,685

Stock Screener

Search, Select & Invest in Top Stocks

Dollar retreats from highs as focus turns to payrolls

The dollar eased from last week’s peaks on Monday as encouraging trial results for a COVID-19 pill supported risk appetite, but investors remained cautious ahead of central bank meetings in Australia and New Zealand as well as U.S. labour data this week. The euro crept back above $1.16, and was up 0.1% at $1.1606, a recovery from last week’s 14-month low of $1.1563. The yen has also bounced from a 19-month low and was similarly up 0.1% in Asia trade at 110.92 per dollar.

SGX Nifty signals a positive start

Nifty futures on the Singapore Exchange traded 68.50 points, or 0.30 per cent, higher at 17,598.50, signaling that Dalal Street was headed for a positive start on Monday.

Tech View: Nifty50 braces for a consolidation

After a spectacular rally last week, Nifty50 formed a bearish candle on Friday. On the intraday charts, it has maintained the formation of a series of lower tops, which indicates temporary weakness, analysts said. While the market will remain volatile in the near future, the 17,650-17,750 range would be the key resistance zone for traders while the 17,400-17,300 zone could act as a sacrosanct support for positional traders.

Candle Screener

Discover & screen trade opportunities

Alert: China Evergrande share trading halted in Hong Kong

Trading in shares of heavily indebted Evergrande was suspended on Monday, days after some bondholders said the property developer at the centre of jitters over China’s financial system had missed a second key bond interest payment. Shares of its unit Evergrande Property Services Group were also suspended, the Hong Kong stock exchange said. The bourse didn’t say why trading in the companies’ stock had been halted, and it was unclear who had initiated the suspension.

Hong Kong shares open lower

Hong Kong stocks fell at the start of trade Monday morning with investors keeping a wary eye on developments in the crisis surrounding property giant China Evergrande after the firm suspending trading in its shares. The Hang Seng Index dropped 0.39 percent, or 96.96 points, to 24,478.68. Mainland Chinese markets are closed for a holiday.

Japan stocks slip with eyes on new government

Tokyo stocks opened higher but quickly slipped into negative territory on Monday, with investors eyeing the unveiling of Japan’s new cabinet later in the day and other events this week. The benchmark Nikkei 225 index started up 0.88 percent or 253.80 points at 29,024.87 in early trade, while the broader Topix index advanced 1.03 percent or 20.38 points to 2,006.69.

US stocks settled higher on Friday

Wall Street rebounded on Friday, led by companies that would benefit most from a healthier economy, but not by enough to keep the stock market from its worst week since the winter. The S&P 500 rose 49.50, or 1.1%, to 4,357.04 following another choppy day of trading. It swung between a loss of 0.4% and a gain of 1.6% through the day. The Dow Jones Industrial Average climbed 482.54 points, or 1.4%, to 34,326.46, and the Nasdaq composite gained 118.12, or 0.8%, to 14,566.70.

Rupee logs 1st gain in six days, up 11 paise against dollar

The Indian rupee on Friday broke its five-session losing streak to settle 11 paise higher at 74.12 against the US dollar, tracking strength in global currencies against the greenback. At the interbank foreign exchange market, the local unit witnessed heavy volatility. It opened on a negative note at 74.33 per dollar as against its previous close of 74.23. It hovered in the range of 74.11 to 74.35 per dollar during the day before ending at 74.12 against the American currency.

Sensex, Nifty on Friday

The Sensex and Nifty racked up losses for the fourth straight session on Friday, mirroring a risk-off sentiment overseas as stubborn inflation and faltering global growth sapped investor confidence. The 30-share BSE Sensex opened on the backfoot and stayed in the negative zone throughout the session, ending 360.78 points or 0.61 per cent lower at 58,765.58. On similar lines, the broader NSE Nifty declined 86.10 points or 0.49 per cent to close at 17,532.05.

Good morning, dear reader! Here’s something to kickstart your trading day

Good morning, dear reader! Here's something to kickstart your trading day

[ad_2]

Source link

Leave a comment

Your email address will not be published. Required fields are marked *

3 + fourteen =

×