You are here: Home » News-CM » Equities » Market Report
Business Standard

Market may open in red amid negative global signals

Capital Market 

SGX Nifty:

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could decline 102 points at the opening bell.

India Trade Data:

India's merchandise exports in November 2021 was $29.88 billion, an increase of 26.49% over $23.62 billion in November 2020 and an increase of 15.93% over $25.77 billion in November 2019.

India's merchandise exports in April-November 2021 was $262.46 billion, an increase of 50.71% over $174.15 billion in April-November 2020 and an increase of 24.29% over $211.17 billion in April-November 2019.

India's merchandise imports in November 2021 was $53.15 billion, an increase of 57.18% over $33.81 billion in November 2020 and an increase of 37.96% over $38.52 billion in November 2019.

India's merchandise imports in April-November 2021 was $384.44 billion, an increase of 75.39% over $219.19 billion in April-November 2020 and an increase of 18.44% over $324.59 billion in April-November 2019.

The trade deficit in November 2021 was $23.27 billion, while it was $121.98 billion during April-November 2021.

Global markets:

Overseas, Asian stocks were mixed on Thursday as concerns over the economic impact of the omicron Covid variant continue to weigh on investor sentiment.

The number of COVID-19 cases in South Africa almost doubled, while the UK, Switzerland and Brazil reported cases of the omicron variant.

US stocks witnessed a sharp reversal overnight after the Centers for Disease Control and Prevention confirmed the first case of omicron in the US.

The Dow Jones Industrial Average dropped 461.68 points to 34,022.04 while the S&P 500 declined 1.18% to 4,513.04. The Nasdaq Composite fell 1.83% to 15,254.05.

Meanwhile, US Fed Chairman Jerome Powell said that he expects policymakers to discuss the possibility of a faster taper schedule at the meeting this month.

Domestic markets:

Equity indices ended with strong gains on Wednesday, tracking strong global cues. Positive domestic economic data also boosted sentiment. The S&P BSE Sensex, gained 619.92 points or 1.09% to 57,684.79. The Nifty 50 index added 183.70 points or 1.08% to 17,166.90.

Foreign portfolio investors (FPIs) sold shares worth Rs 2765.84 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 3467.02 crore in the Indian equity market on 1 December, provisional data showed.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, December 02 2021. 08:07 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU