PremiumStock Market LIVE Updates: Benchmark Indian equity indices may open higher on Tuesday. SGX Nifty was up 0.26%. On Monday, Sensex closed at 55,555.79, up 226.47 points or, 0.41%, while Nifty was at 16,496.45, up 45.95 points, or 0.28%.
Sensex, Nifty may open higher on Tuesday. Asian stocks rose Tuesday after a boost to the U.S. vaccination drive allayed some concerns over the delta strain’s economic impact, lifting Wall Street. The dollar held a drop and oil steadied after surging.
Petrol, diesel prices were reduced across the country on Tuesday a day after the pause, according to a price notification by state-run oil companies. Petrol price was cut by 11 to 15 paise per litre, while diesel prices also decreased by 14 to 16 paise on the day. This is the second cut in petrol prices in the last three days. (Read more)
"Nifty is expected to open around 16,590 up by 100 points. 16,600 to 16,620 will act as a resistance zone for Nifty while 16,480 to 16,450 will act as a support zone. Fresh buying in Nifty should be initiated only on daily close above 16,550 with higher than average volumes."
Dhanlaxmi Bank, Eicher Motors, Hindalco, Maruti Suzuki, Vedanta among other stocks may be in the news today. (Read more)
Markets are likely to be steady on Tuesday while trends in SGX Nifty suggest a positive opening of Indian benchmark indices. On Monday, the BSE Sensex ended at 55,555.79, up 226.47 points or 0.41%. The Nifty closed at 16,496.45, up 45.95 points or 0.28%. (Read more)
Bitcoin prices today were trading below $50,000 after rising back above the crucial level on Monday for the first time since mid-May as the world's most popular virtual unit jumped to $50,495 in the last 24 hours as crypto prices continued an ongoing recovery from a disorderly rout just three months ago. (Read more)
The government will raise ₹88,000 crore this year by leasing infrastructure assets of central government ministries and state-run companies under a ₹6 trillion National Monetization Pipeline (NMP) it unveiled on Monday. The funds will then be used to build new infrastructure assets, helping boost economic growth in Asia’s third-largest economy. (Read more)
Asian stocks rose Tuesday after a boost to the U.S. vaccination drive allayed some concerns over the delta strain’s economic impact, lifting Wall Street. The dollar held a drop and oil steadied after surging. MSCI Inc.’s Asia-Pacific share gauge climbed for a second day, aided by jumps in Japan as well as Chinese technology stocks, with South Korea also advancing. Equities in China overall posted a modest gain after the central bank in a statement called for more credit support for the real economy. U.S. futures nudged higher after American equities extended a rebound on full approval for the Pfizer Inc.-BioNTech SE shot, which raises the prospect of more vaccine mandates to underpin economic reopening.
S&P 500 contracts rose 0.2% as of 10:54 a.m. in Tokyo. The S&P 500 rose 0.9%
Nasdaq 100 futures climbed 0.2%. The Nasdaq 100 rose 1.5%
Topix index gained 1.2%
Australia’s S&P/ASX 200 Index added 0.3%
Kospi index climbed 1.5%
Hang Seng Index gained 2%
Shanghai Composite Index rose 0.7%
SGX Nifty was up 0.26%
Global equity markets rose while the U.S. dollar dipped on Monday as investors grew less concerned that the Federal Reserve would soon begin changing its accommodative monetary stance.Market sentiment was buoyed after the U.S. Food and Drug Administration granted full approval to the Pfizer Inc/BioNTech SE COVID-19 vaccine. New cases, driven by the highly infectious Delta variant, have surged in parts of the United States with lower vaccination levels.
On Wall Street, the Dow Jones Industrial Average rose 0.61%, to 35,335.71, the S&P 500 gained 0.85%, to 4,479.53 and the Nasdaq Composite added 1.55%, to 14,942.65.
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