The benchmark indices closed marginally lower on Thursday on monthly derivatives expiry. The S&P BSE Sensex saw a fall of 12 points, while the Nifty50 closed above 17200-mark.  

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Mohit Nigam, Head - PMS, Hem Securities said, “Overall, global markets were mixed today as investors are uncertain about the consequences of surging Covid 19 cases in different parts of the world.”  

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He added, “On the technical front, overall structure looks positive for the Nifty50 as it managed to sustain above 17200 level on a closing basis which is a positive sign for the index.”  

“Technically, we believe that we can witness 200-300 points rally from here in the near term. The levels of 17000 and 17400 are immediate support and resistance in Nifty. For Bank Nifty, 34500 and 35500 are immediate support and resistance,” Nigam said in 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:  

All major US stock market indices closed marginally lower on Thursday. Dow Jones corrected 91 points to 36,398, Nasdaq Composite slipped 25points to close at 15,742, S&P500 declined 14.33 points to settle at 4779 and Russell 2000 ended 0.45 points lower or flat at 2249 in Thursday's closing 

Asian Markets:  

In the Asian market, Hang Seng Index traded 442 points higher, Shanghai Composite also gained 7 points on Friday, while Japanese Nikkei 225 remained closed for the year end. The Japanese index had closed December 30 115 points lower on Thursday 

SGX Nifty:  

Trends on SGX Nifty indicated a flat to negative opening for the indices in India. The Nifty futures were trading at 17,293, down 2 points or 0.01 % on the Singaporean Exchange around 07:15 hours IST.  

Oil prices slip after China cuts import quotas  

Oil prices eased on Thursday after the world`s top importer China cut the first batch of crude import allocations for 2022, offsetting the impact of U.S. data showing fuel demand had held up despite soaring Omicron coronavirus infections.  

Brent crude futures fell 27 cents, or 0.3%, to $78.96 a barrel at 1322 GMT. U.S. West Texas Intermediate (WTI) crude futures slid 36 cents, or 0.5%, to $76.20 a barrel after six straight sessions of gains.  

Oil prices pared earlier gains after China, the world`s top crude importer, lowered the first batch of 2022 import quotas to mostly independent refiners by 11%.  

Gold ticks up as Treasury yields dip from highs  

Gold prices edged up in thin trade on Thursday, giving up earlier losses as the U.S. treasury yields eased from one-month highs, offsetting pressure from a firm dollar.  

Spot gold was last up 0.2% to $1,807.06 per ounce by 10:42 a.m. EDT (1541 GMT), while U.S. gold futures rose 0.1% to $1,807.90.  

"We`re in an extremely low volume holiday-type trading. I think gold is comfortable right around either side of $1,800," said Phillip Streible, chief market strategist at Blue Line Futures in Chicago.  

Rupee spurts by 29 paise to over 1-month high  

The rupee surged 29 paise to close at a more than one-month high of 74.42 against the US dollar on Thursday following year-end dollar selling by banks and exporters amid muted domestic equities.  

Lower commodity prices and gains in Asian peers also supported the rupee sentiment, analysts said.  

At the interbank forex market, the local unit opened strong at 74.56 against the greenback and witnessed an intra-day high of 74.38 and a low of 74.65.  

Sebi extends deadline for applicability of modified reporting requirements for AIFs  

Markets regulator Sebi on Thursday extended the deadline till September 30 next year for the applicability of the tweaked reporting requirements for alternative investment funds (AIFs).  

Earlier, the deadline was December 31, 2021.  

This comes after the regulator received requests from the AIF industry to extend the timeline for applicability of the modified reporting requirements, the Securities and Exchange Board of India (Sebi) said in a circular.  

NSE sees 100th firm migration from SME patform to main-board  

Leading stock exchange NSE on Thursday witnessed the 100th migration from the SME (small and medium enterprise) platform to the main-board.  

The exchange's SME Platform -- EMERGE -- was launched in 2012 and has been providing a viable and sustainable option for SMEs to raise funds from the capital markets.  

The platform has witnessed 235 companies getting listed, aggregating to total issuances of more than Rs 3,611 crore, the National Stock Exchange of India Ltd (NSE) said in a statement.  

CMS Info Systems listing on Friday   

The shares of CMS Info Systems are likely to witness either tepid or weak listing on Friday, December 31, 2021, majority of the analysts, including Zee Business Managing Editor Anil Singhvi predicted.  

Aayush Agrawal, Senior Analyst, Swastika Investmart Ltd expect to India’s largest cash management company CMS Info Systems’ shares to list flat or at a discount of 10 per cent. The market volatility for the past few months and tepid last few listings might add to this slow response, he added.   

CMS Info Systems also failed to perform in the grey market as it is trading at only 2.5 per cent over its issue price at upper end of Rs 216 per share, the analyst said in listing preview of CMS Info Systems.   

FII & DII Data:  

Foreign portfolio investors (FPIs) remained net sellers for Rs 986.32 cr in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 577.74 cr, provisional data showed on the NSE.  

Stocks under F&O ban on NSE   

No stock 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/advises 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.)