Market News: There are mixed signals for Indian markets. Selling of FIIs has been seen for the third consecutive day. However, short covering in futures continues. There is slight softness in Gift Nifty. Most Asian markets are trading up. American markets were on the rise on Wednesday. Global markets were closed yesterday on the occasion of Christmas. Stay tuned to Moneycontrol to know what’s happening in the currency and equity markets today. Here we are releasing for you a list of today’s important news running on various news platforms which can affect the Indian and international markets.
Important board meeting of Coforge today
Coforge’s board has an important meeting today. In this, raising funds through QIP or preferential issue will be considered. There can be an analyst call after the meeting at 5:30 pm.
Announcement of open offer for Castrol India
Motion JVCo, Stonepeak and CPPIB have announced an open offer to buy additional 26% stake in Castrol India. The open offer price will be around Rs 194.
Important meeting of Defense Council today
The market will keep a special eye on defense stocks. An important meeting of the Defense Council is going to be held today under the leadership of Defense Minister Rajnath Singh. It is possible to consider emergency purchase of missiles and other weapons in the last meeting of this year.
gift nifty
Gift Nifty is trading flat around 26,140.5. This is indicating a slow start to the day.
US market
The S&P 500 index rose for the fifth consecutive day in Wednesday’s short session ahead of the Christmas holiday. The VIX index, which measures the expected volatility of the S&P 500, fell to its lowest level this year. The Dow Jones Industrial Average rose 288.75 points, or 0.60%, to 48,731.16. The S&P 500 rose 22.26 points, or 0.32%, to close at 6,932.05 and the Nasdaq Composite added 51.46 points, or 0.22%, to 23,613.31. Volume on US exchanges stood at 7.61 billion shares. While the average for the entire session over the last 20 trading days is 16.21 billion shares.
Asian market
If we look at Asian markets, Gift Nifty is trading with a weakness of 63.00 points or 0.24 percent. At the same time, Nikkei is showing a rise of 1.01 percent. Strait times are looking flat. Hang Seng is showing a rise of 44 points or 0.17 percent. Taiwan market is also trading with a rise of 0.34 percent. Kospi is showing a rise of 0.67 percent. At the same time, Shanghai Composite is showing a gain of 0.17 percent.
dollar index
The dollar index was little changed against other major currencies in Friday morning trade. At present it is visible at the level of 97.97.
Asian currencies
Asian currencies witnessed a mixed trend in Friday morning trading, with the Japanese Yen falling the most, followed by the South Korean Won, Philippines Peso, Taiwan Dollar and Singapore Dollar. On the other hand, Indonesian Rupiah, Chinese Renminbi and Malaysian Ringgit witnessed gains.
rise in crude oil
Oil prices are showing an increase on Friday. The US ordered increased economic pressure on Venezuelan oil shipments and has carried out airstrikes against Islamic State militants in northwest Nigeria at the request of the Nigerian government. Due to this, the concern about supply has increased.
rise in gold
Silver reached a record high, while gold is near its all-time high. Spot silver rose 2.2% to $73.4393 an ounce. This year the price of silver has increased by almost 150%. This rally has further increased since the historic short squeeze in October. The price of instant delivery gold is close to the record high of $4,525 an ounce seen on Wednesday. Tensions in Venezuela have further increased the safe-haven appeal of the precious metal. America has blocked oil tankers in Venezuela.
fund flow action
On December 24, Foreign Institutional Investors (FIIs) sold shares worth Rs 1,721 crore, continuing their selling for the third consecutive session, while Domestic Institutional Investors (DIIs) bought shares worth Rs 2,381 crore, supporting the market.
Stock Market Live Updates: Indications of slow start from Gift Nifty; Asian markets boom