Updated: April 22, 2021 07:46 AM IST
The Indian market is likely to open on a cautionary note on Thursday on concerns over the second wave of COVID-19 in the country and tightening restrictions in various provinces. Meanwhile, the Nifty SGX was trading at around 14,156 compared to Tuesday’s Nifty Futures close of 14,296.
1. Wall Street: Stocks ended up higher on Wall Street after gaining steadily throughout the day. The S&P 500 index added 0.9 percent on Wednesday following its first back-to-back loss since March. The Dow Jones Industrial Average rose 0.9 percent and the Nasdaq 1.2 percent.
2. Asian stocks: Stocks in Asia-Pacific rose Thursday following an overnight bounce on Wall Street. The Nikkei 225 in Japan jumped 1.2 percent in early trade, partially recovering after two days of losses earlier in the week. Shares in Australia edged higher as the S & P / ASX 200 rose 0.21 per cent. MSCI’s widest index of Asia-Pacific stocks outside Japan traded 0.07 percent higher.
3. Dalal Street: India’s equity, currency, debt and commodity markets closed on Wednesday due to Ram Navami.
4. Oil: Oil prices have been weighed down by concerns that the surge of COVID-19 outbreaks in India will reduce fuel demand as the world’s third-largest oil importer. U.S. crude recently fell 1.1 percent to $ 61.99 a barrel and Brent was at $ 65.97, down 0.9 percent on the day.
5. Rupee: The rupee cut its initial earnings to close down 1 paisa at 74.88 against the US dollar on Tuesday due to concerns that the alarming surge in COVID-19 cases could undo the economic recovery in the country.
6. Gold: Gold jumped 1 percent on Wednesday driven by slipping US Treasury yields, while bets for auto-catalyst palladium metal supply shortfalls are powering to record levels.
Published: April 22, 2021 07:46 AM IST