10 things to know before you make your opening trade on December 27
The Indian markets on Friday snapped a three-day winning streak to end on a negative note. Sensex and Nifty50 both saw selling with the former down 0.3 per cent while the latter lower by 0.4 per cent.
The Indian markets on Friday snapped a three-day winning streak to end on a negative note. Sensex and Nifty50 both saw selling with the former down 0.3 per cent while the latter lower by 0.4 per cent.
Barring the Nifty IT index all other sectoral indices closed in the red on the last trading day of the week gone by.
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“The Nifty, in the week gone by, found support near the junction of the 40 WEMA & the weekly lower Bollinger Band & saw a decent recovery. In the last session of the week, however, it saw some profit booking,” Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas said.
“The index tested the hourly upper Bollinger Band & the 20 DMA, which attracted a fresh round of selling. As a result, the index has formed a bearish outside bar along with an Engulfing bear candle on the daily chart, the technical analyst said.
“Structurally, the recent bounce looks matured at 17155 & the Nifty can slide down towards its daily lower Bollinger Band, which is near 16700. Overall, short-term consolidation is expected in the range of 17155-16700,” Ratnaparkhi said in his post market comment.
Stay tuned to Zeebiz.com to find out what could impact your trade today. We have collated a list of top 10 news points which could impact markets, companies, or economy:
Global Markets:
The US markets ended in the green on Thursday as all three major indices closed higher in a week shortened by Christmas holiday. Dow Jones gained 196.67 (0.55%) to close 35,950.56, Nasdaq Composite settled at 15,653.37 after adding 131.48 (0.85%) and S&P 500 closed 29.23 (0.62%) to 4,725.79
Asian Markets:
The Asian markets were trading flat to negative on Monday morning. Japanese Nikkei 225 was down 0.24%, while Shanghai Composite was trading negative with 0.027% loss around 7.15 am.
SGX Nifty:
SGX Nifty Futures were trading negative by 41 points to 16,957.50 around 7.15 am, hinting at negative opening for the Indian markets
India Inc raises over Rs 9 lk cr via various instruments in 2021
Indian companies have mopped up more than Rs 9 lakh crore through equity and debt routes in 2021 to meet their renewed thirst for business expansion in a buoyant stock market brimming with liquidity and helped by recovering macroeconomic indicators after pandemic-ravaged first few months.
Unless the still-evolving Omicron situation plays spoilsport, the next year is expected to be much more robust in terms of fund-raising activities and there seems to be no dearth of funds, experts said.
"The banks have been sitting on surplus liquidity for quite a while and there should be enough appetite for quality borrowers, said Ricky Kirpalani, Lead Sponsor, First Water Capital Fund.
Sebi asks RTAs, merchant bankers to disclose investor charter
Markets regulator Sebi on Friday directed registrar and share transfer agents (RTAs) and merchant bankers to disclose investor charter as well as data pertaining to complaints they received on their websites.
The regulator has listed various categories for which investor charter needs to be disclosed by merchant bankers.
The new guidelines will come into effect from January 1, 2022, the Securities and Exchange Board of India (Sebi) said in four separate circulars.
Rupee jumps to 3-week high of 75.03/US$
Continuing its winning streak for the seventh straight session, the rupee on Friday rose by 23 paise to a three-week high of 75.03 against the US dollar as risk appetite improved in view of broader weakness in the greenback.
At the interbank forex market, the local unit opened at 75.12 against the greenback and witnessed an intra-day high of 75.00 and a low of 75.20.
Over the past seven sessions, the domestic currency has gained 129 paise against the greenback.
Hexagon Nutrition files IPO papers to raise up to Rs 600 cr
Hexagon Nutrition has filed preliminary papers with capital market regulator Sebi to raise up to Rs 600 crore through an initial public offering (IPO).
Mumbai-based Hexagon Nutrition is a fully integrated company engaged in product development and marketing, including research and development and nutrition manufacturing.
The company's public issue consists of a fresh issue of equity shares aggregating to Rs 100 crore, and an offer for sale (OFS) of up to 30,113,918 equity shares, the draft red herring prospectus (DRHP) showed.
Sebi lays down operating norms for silver ETFs
Markets regulator Sebi on Wednesday came out with operating norms for silver exchange traded fund (ETF), a move that will make it convenient for investors to have an exposure to such commodity in a transparent manner.
Under the norms, the regulator has specified guidelines on investment objectives of silver ETFs, valuation, determination of net asset value (NAV), tracking error as well as tracking difference and disclosure requirements.
Currently, Indian mutual funds are allowed to launch ETFs tracking gold. In a circular, Sebi said silver ETFs will have to invest at least 95 per cent of net asset in silver and silver-related instrument.
India's monetary policy financially inclusive by design: RBI DG Patra
The country's monetary policy is, by design, financially inclusive and this strategy will result in policy effectiveness and welfare maximisation going ahead, Reserve Bank of India's Deputy Governor Michael D Patra said on Friday.
Financial inclusion appears to have gone up, with the level of the RBI's financial inclusion index rising from 49.9 in March 2019 to 53.1 in March 2020 and further to 53.9 in March 2021, Patra said at an event organized at Indian Institute of Management (IIM), Ahmedabad.
The evidence is still forming and strong conclusions from its analysis may be premature, but India's monetary policy is, by design, financially inclusive and it will reap the benefits of this strategy in the future, he stated.
FII & DII Data:
Foreign portfolio investors (FPIs) remained net sellers for Rs 271.59 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 1196.48 crore, provisional data showed on the NSE.
Stocks under F&O ban on NSE
Four stocks: Indiabulls Housing, Escorts, Idea and ZEEL are placed under the F&O ban on Friday. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.
(With inputs from PTI, Reuters and other agencies)
(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
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