10 things to know before you make your opening trade on January 3
The benchmark indices closed higher on the last day of 2021. The S&P BSE Sensex saw a jump of 450 points while the Nifty50 closed above 17350-mark.
The benchmark indices closed higher on the last day of 2021. The S&P BSE Sensex saw a jump of 450 points while the Nifty50 closed above 17350-mark.
“2021 witnessed strong recovery amid continuing challenges from subsequent variants and ended positive on Friday. India outperformed most global peers supported by robust retail participation, economic recovery, vaccine coverage and rising appetite for Indian goods & services,” Vinod Nair, Head of Research at Geojit Financial Services said.
“Despite lingering fears surrounding surging Omicron cases, the domestic market is expected to maintain its resilience supported by healthy long-term growth forecast and reforms undertaken, the market analyst said in post market comment on Friday.
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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 red on Friday. Dow Jones closed 59.78 points, S&P500 slid 12.55 points, Nasdaq Composite slipped 96.59 points and Russell 2000 was down 3.48 points.
Asian Markets:
Majority of the Asian markets remained closed for trading on Monday. Nikke225, which last traded on December 30, was closed for trading on Monday. Besides Shanghai Composite too last traded on December 31. Hang Seng Index at the Hong Kong Exchanges was up 72 points in the Monday morning trade.
SGX Nifty:
Trends on SGX Nifty indicated a positive to flat opening for the Indian market. The Nifty futures were trading at 17,459.50, higher by 20 points or 0.11% on the Singaporean Exchange around 07:20 hours IST.
Oil heads for biggest annual gain since at least 2016
Oil prices fell on Friday but were set to post their biggest annual gains since at least 2016, spurred by the global economic recovery from the COVID-19 pandemic slump and producer restraint, even as infections reached record highs worldwide.
Brent crude futures fell 70 cents, or 0.9%, to $78.85 a barrel at 10:16 a.m. EST (1516 GMT), while U.S. West Texas Intermediate (WTI) crude futures dropped 84 cents, or 1.09%, to $76.15 a barrel.
Brent is on track to end the year up about 52%, its biggest gain since 2016, while WTI is heading for a 57% gain, the strongest performance for the benchmark contract since 2009, when prices soared more than 70%.
Gold ticks up as Treasury yields dip from highs
Gold prices marked their biggest yearly decline since 2015, hemmed in by a resurgent dollar, as investors prepared to usher in a new year in which the money supply could be tightened even as the threat of the Omicron coronavirus variant lingers.
Spot gold was last up 0.7% at $1,827.51 per ounce by 1:46 p.m. ET (1846 GMT), after hitting a peak since Nov. 22 at $1,827.26 on Friday, helped by a retreat in the dollar and global equities. U.S. gold futures settled up 0.8% at $1,828.60.
Gold has eased about 4% in 2021 as a recovering global economy pushed more investors toward riskier assets and curbed interest for safe-haven assets such as bullion.
Rupee closes 2021 at 74.29, declines by 1.67% in year
The rupee rose by 13 paise to close at 74.29 against the US dollar on the last trading session of 2021, tracking positive domestic equities amid year-end dollar selling by banks and exporters.
The rupee, however, closed the 2021 year with overall losses of 122 paise or 1.67 per cent due to a rise in crude oil prices and firming up US bond yields amid expectations of rate hike by the US Federal Reserve to rein in inflation. The rupee had closed at 73.07 on December 31, 2020.
The local unit on the last trading day of 2021 opened at 74.35 against the greenback at the interbank foreign exchange market and witnessed an intra-day high of 74.10 and a low of 74.38. It finally settled at 74.29, a rise of 13 paise.
Sebi rejigs market data advisory panel
Sebi has restructured its advisory committee on market data that recommends policy measures pertaining to areas like securities market data access and privacy.
Rejigging its market data advisory committee, Sebi has said the panel will now be chaired by M S Sahoo, Distinguished Professor at National Law University, Delhi and former chairperson, Insolvency and Bankruptcy Board of India (IBBI), as per the latest information with the regulator.
The 20-member committee was earlier headed by Madhabi Puri Buch, ex-whole time member of Sebi.
Sebi slaps fine of Rs 1.1 cr on 22 entities in illiquid stock options case
Capital markets regulator Sebi has imposed total penalties of Rs 1.1 crore on 22 entities, including individuals, for indulging in non-genuine trades in illiquid stock options at BSE.
In 22 separate orders, the regulator levied a fine of Rs 5 lakh each on these entities.
The Securities and Exchange Board of India (Sebi) observed large scale reversal of trades in stock options segment of BSE. It noted that such large-scale reversal of trades in stock options lead to creation of artificial volume at BSE.
ATF price hiked by 2.75%, LPG cut by Rs 102.5
Halting a declining trend of last month, jet fuel or ATF price has been hiked by 2.75 per cent on firming international oil prices, while cooking gas LPG rate has seen the first decline since October.
Aviation turbine fuel (ATF) price has been hiked by Rs 2,039.63 per kilolitre, or 2.75 per cent, to Rs 76,062.04 per kl in the national capital, according to a price notification of state-owned fuel retailers.
The increase in rates comes on back of two rounds of price cuts seen in December that reflected a drop in international oil prices during the second half of November and mid-December.
FII & DII Data:
Foreign portfolio investors (FPIs) remained net buyers for Rs 575.39 cr in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 1165.62 cr, provisional data showed on the NSE.
Stocks under F&O ban on NSE
No stock under the F&O ban on Monday. 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.)
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