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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.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 85 points at the opening bell.
On the macro front, India's economy continued to expand in the July-September quarter, marking the fourth consecutive quarter of growth. India's GDP grew 8.4% on-year basis against a contraction of 7.4% during the same period last year.
The combined output of eight core industries has surged 7.5% in October as compared to the same period last year, showed the official data released on November 30.
Overseas, most Asian stocks are trading higher on Wednesday, following losses the day before that were triggered by renewed uncertainty on the omicron Covid variant.
A private survey released Wednesday showed Chinese factory activity shrinking in November, with the Caixin/Markit manufacturing Purchasing Managers' Index coming in at 49.9 for that month. That was a decline from October's reading of 50.6.
US stocks tumbled Tuesday, reversing Monday's rebound on Wall Street, as investors reassessed risks associated with the new Covid variant, omicron. Major averages dropped to their session lows after Federal Reserve Chairman Jerome Powell said the central bank will discuss speeding up the bond-buying taper at its December meeting.
In an appearance before a Senate committee, the Fed chief said he thinks reducing the pace of monthly bond buys can move quicker than the $15 billion-a-month schedule announced earlier this month.
Meanwhile, Moderna CEO Stephane Bancel reportedly said that he expects existing vaccines to be less effective against the new variant. The CEO told there could be a “material drop” in the current vaccines' effectiveness against this variant. Bancel told on Monday that it could take months to develop and ship an omicron-specific vaccine.
Back home, equity indices reversed intraday gains and ended with modest losses on Tuesday. The barometer index, the S&P BSE Sensex, fell 195.71 points or 0.34% at 57,064.87. The Nifty 50 index fell 70.75 points or 0.41% at 16,983.20.
Foreign portfolio investors (FPIs) sold shares worth Rs 5,445.25 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 5,350.23 crore in the Indian equity market on 30 November, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 25 points at the opening bell.
Overseas, Asian stocks are mostly trading higher on Tuesday as Japanese stocks led gains regionally, with investors reacting to the release of Chinese factory activity data for November.
China's factory activity unexpectedly picked up in November, growing for the first time in three months as raw material prices fell and power rationing abated. The official manufacturing Purchasing Manager's Index (PMI) was at 50.1 in November, up from 49.2 in October, data from the National Bureau of Statistics showed.
Investors in the region also continued to track any developments surrounding the omicron variant, which the World Health Organization said is likely to spread further and poses a “very high” global risk.
Wall Street stocks closed higher on Monday, regaining some of the ground they lost in Friday's sell-off as investors were hopeful that the Omicron coronavirus variant would not lead to lockdowns after reassurance from U.S. President Joe Biden.
If people are vaccinated and wear their masks, there's no need for lockdowns, Biden said on Monday. Biden also said there would be no new travel restrictions.
Back home, domestic equity indices ended a volatile trading session with small gains on Monday. The barometer index, the S&P BSE Sensex, advanced 153.43 points or 0.27% to 57,260.58. The Nifty 50 index added 27.50 points or 0.16% to 17,053.95.
Foreign portfolio investors (FPIs) sold shares worth Rs 3,332.21 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 4,611.41 crore in the Indian equity market on 29 November, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 103 points at the opening bell.
Asian stocks are trading lower on Monday as investors in the region continue to watch for developments surrounding the recently discovered omicron Covid variant. Britain and European countries have restricted travel from southern Africa, where the variant was detected.
The World Health Organization (WHO) said in a Sunday statement that it was still unclear whether infection with the omicron Covid variant causes more severe disease as compared with other strains, including delta.
U.S. stocks dropped sharply on Friday as a new Covid variant found in South Africa triggered a global shift away from risk assets. Friday was a shortened trading day because of the Thanksgiving holiday.
Back home, the equity benchmarks had dropped sharply on Friday.
Foreign portfolio investors (FPIs) sold shares worth Rs 5,785.83 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 2,294.11 crore in the Indian equity market on 26 November, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slide 196 points at the opening bell.
Overseas, Asian stocks are trading lower on Friday, as a new virus variant added to swirling concerns about future growth and higher US interest rates.
The World Health Organization officials said Thursday they are monitoring a new variant with “a large number of mutations.” A special meeting is scheduled for Friday to discuss its implications for vaccines and treatments. The variant, called B.1.1.529, has been detected in South Africa in small numbers, according to the WHO.
Markets in the U.S. were closed on Thursday for the Thanksgiving holiday.
The benchmark indices ended with strong gains on Thursday, boosted by strength in index heavyweight Reliance Industries. Trading was volatile due to expiry of monthly derivative contracts on the NSE. The barometer index, the S&P BSE Sensex, jumped 454.10 points or 0.78% at 58,795.09. The Nifty 50 index gained 121.20 points or 0.70% at 17,536.25.
Foreign portfolio investors (FPIs) sold shares worth Rs 2,300.65 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,367.80 crore in the Indian equity market on 25 November, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 15 points at the opening bell.
Overseas, Asian stocks are trading mixed on Thursday as investors reacted to the Bank of Korea's rate decision.
The Bank of Korea raised its policy rate by 25 basis points to 1%, a move that was largely expected.
U.S. stocks pushed modestly higher on Wednesday as the recent jump in bond yields took a breather, allowing tech stocks to recover.
The meetings from the latest Fed meeting, released on Wednesday, showed that the central bankers were ready to accelerate the timetable for slowing asset purchases and raising the benchmark funds rate if inflation remains high.
U.S. markets will be closed for the Thanksgiving holiday on Thursday. The stock market closes early on Friday.
Back home, the domestic equities reversed intraday gains and settled with sharp losses on Wednesday, 24 November 2021. The barometer index, the S&P BSE Sensex, dropped 323.34 points or 0.55% at 58,340.99. The Nifty 50 index lost 88.30 points or 0.50% at 17,415.05.
Foreign portfolio investors (FPIs) sold shares worth Rs 5,122.65 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 3,809.62 crore in the Indian equity market on 24 November, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 44 points at the opening bell.
Overseas, Asian stocks are trading mixed on Wednesday as investors monitor moves in U.S. Treasury yields.
Singapore's economy grew 7.1% in the third quarter as compared with a year ago, according to the Ministry of Trade and Industry. It was higher than an earlier official advance estimate for 6.5% year-on-year growth.
US stocks closed mixed for the fourth consecutive session on Tuesday, 23 November 2021, with the Dow and the S&P 500 logging gains, while the Nasdaq extended the sharp pullback seen in the previous session.
Back home, domestic equity indices snapped a four-day losing streak and ended with decent gains on Tuesday. The barometer index, the S&P BSE Sensex, rose 198.44 points or 0.34% at 58,664.33. The Nifty 50 index gained 86.80 points or 0.50% at 17,503.35.
Foreign portfolio investors (FPIs) sold shares worth Rs 4,477.06 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,412.05 crore in the Indian equity market on 23 November, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slide 105 points at the opening bell.
Meanwhile, the country's GDP growth is likely to be around 8.1% in the second quarter of the current financial year and in the range of 9.3-9.6% during fiscal 2022, according to an SBI research report.
"As per SBI's Nowcasting Model, the forecasted GDP growth for Q2 FY22 would be 8.1%, with an upward bias. The full year (FY22) GDP growth is now revised upwards to 9.3-9.6% from our earlier estimate of 8.5-9%," the research report, Ecowrap, said. The projected 8.1% growth rate in Q2 FY22 is the highest growth across all economies, it said.
Overseas, Asian stocks are trading mostly lower on Tuesday as investors watched for market reaction to U.S. President Joe Biden picking Jerome Powell for a second term as Federal Reserve chair. Markets in Japan are closed on Tuesday for a holiday.
The S&P 500 ended lower and the Nasdaq tumbled deep into negative territory on Monday after both earlier hit record highs following the announcement of a second term for Federal Reserve Chair Jerome Powell. The Dow Jones Industrial Average ended slightly higher.
Biden had been under pressure to name a more progressive Democrat, rather than keep Republican Powell in the role. Powell has guided the U.S. central bank and the country's economy through the pandemic recession, unleashing unprecedented monetary stimulus to keep financial markets afloat. His renomination now heads to the Senate for confirmation.
Back home, the benchmark indices ended with sharp losses on Monday. The barometer index, the S&P BSE Sensex, skid 1,170.12 points or 1.96% at 58,465.89. The Nifty 50 index lost 348.25 points or 1.96% at 17,416.55.
Foreign portfolio investors (FPIs) sold shares worth Rs 3,438.76 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 2,051.18 crore in the Indian equity market on 22 November, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 14 points at the opening bell.
Addressing the Nation on Friday, 19 November 2021, Prime Minister Narendra Modi announced that the government has decided to repeal all three farm laws in the upcoming Winter Session of Parliament.
The three farm bills are: Farmers' Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020; Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Bill, 2020; and Essential Commodities (Amendment) Bill 2020. These bills were passed by Parliament during the monsoon session last year.
Overseas, Asian stocks are trading mixed on Monday as China kept its benchmark lending rate unchanged. China on Monday kept the one-year Loan Prime Rate (LPR) unchanged at 3.85%. The five-year LPR was also left steady at 4.65%.
U.S. stocks ended mixed on Friday as the House passed a $1.75 trillion social spending bill while concern about a new coronavirus wave in Europe rattled investors.
The Dow Jones Industrial Average fell 268.97 points, or 0.75%, to 35,601.98. The S&P 500 ticked 0.14% lower to 4,697.96. The Nasdaq Composite advanced 0.40% to 16,057.44. The Nasdaq Composite Index closed above 16,000 points for the first time on Friday, in its second-straight record finish powered by technology stocks.
The House of Representatives voted Friday to pass President Biden's $1.7 trillion social safety net bill, sending it to the Senate. Biden's spending measure was approved on a 220-213 vote.
Back home, the domestic equity benchmarks ended with modest losses on Thursday, mirroring the weakness in other Asian indices. The barometer index, the S&P BSE Sensex, tumbled 372.32 points or 0.62% to 59,636.01. The Nifty 50 index lost 133.85 points or 0.75% to 17,764.80. The domestic stock market was shut on Friday (19 November 2021) on account of Guru Nanak Jayanti.
Foreign portfolio investors (FPIs) sold shares worth Rs 3,930.62 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,885.66 crore in the Indian equity market on 18 November, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 8 points at the opening bell. Stocks markets will remain closed on Friday, 19 November 2021, on account of Gurunanak Jayanti.
Meanwhile, citing faster-than-expected recovery, rising consumer confidence and the resultant spending spike, Swiss brokerage UBS Securities has revised upwards its growth forecast for the current fiscal to 9.5% from 8.9% in September.
The brokerage also sees the economy clipping at 7.7% in FY23 but moderating to 6% in FY24, as it expects the benefit of the low-interest rate regime to end by the end of FY23, and it sees the central bank hiking policy rates by 50 bps in the second half of the next fiscal.
Overseas, Asian stocks are trading mixed on Thursday, following overnight losses on Wall Street.
U.S. stocks took a dip on Wednesday as investors weighed a continuation of strong earnings reports from big-box retailers against lingering inflation concerns.
Back home, the domestic equity barometers ended with modest losses on Wednesday. The barometer index, the S&P BSE Sensex, lost 314.04 points or 0.52% to 60,008.33. The Nifty 50 index fell 100.55 points or 0.56% to 17,898.65.
Foreign portfolio investors (FPIs) sold shares worth Rs 344.35 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 61.14 crore in the Indian equity market on 17 November, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 66 points at the opening bell.
Ratings agency Fitch said it has affirmed India's long-term foreign foreign-currency issuer default rating at 'BBB-' with the outlook being negative. India's rapid economic recovery from Covid pandemic, easing financial sector pressures are narrowing risks to medium-term growth outlook, Fitch said.
Overseas, Asian stocks are mostly trading lower on Wednesday, as Japan's exports growth hit an eight-month low.
Japan's exports snapped seven months of double-digit growth in October due to slowing car shipments, as global supply constraints hit the country's major manufacturers. Exports rose 9.4% year-on-year in October, Ministry of Finance data showed on Wednesday. It followed 13.0% growth in the prior month and was the weakest expansion since a decline in February. Car shipments fell 36.7%.
New Zealand's Prime Minister announced that the country's largest city Auckland will reopen its domestic borders from December 15 for fully vaccinated people and those with negative Covid test results, as per reports.
U.S. stocks gained on Tuesday after a strong October retail sales report and better-than-expected third-quarter results from Home Depot and Walmart signaled the U.S. consumer is still ramping up spending even in the face of rising prices.
The latest retail sales figures for October showed consumers were increasing their spending, with sales jumping 1.7%. That compares to a 0.8% increase in the prior month. The report showed broad strength in a number of categories from autos to sporting goods. Online sales were up 10.2% from a year ago. The gains came even as consumer prices surged 6.2% year-over-year last month, inflation not seen since the 1990s.
Back home, the domestic equity benchmarks tumbled on Tuesday with the Nifty closing below the 18,000 mark. The barometer index, the S&P BSE Sensex, dropped 396.34 points or 0.65% to 60,322.37. The Nifty 50 index lost 110.25 points or 0.61% to 17,999.20.
Foreign portfolio investors (FPIs) sold shares worth Rs 560.67 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 577.34 crore in the Indian equity market on 16 November, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 49 points at the opening bell.
Overseas, Asian stocks are trading mixed on Tuesday as the Reserve Bank of Australia released minutes from its recent monetary policy meeting.
Australia's central bank is expected to keep the interest rate steady until 2024, according to minutes from its November monetary policy meeting released Tuesday. Given the latest data and forecasts, the central scenario for the economy continued to be consistent with the cash rate remaining at its current level until 2024, the minutes said.
U.S. equities were flat on Monday, as U.S. Treasury yields reversed and climbed higher, and investors awaited quarterly reports from big retailers later in the week.
Meanwhile, U.S. President Joe Biden and Chinese President Xi Jinping kicked off a virtual meeting on Tuesday with a positive tone and cordial remarks. The video call is the closest communication between the countries' two leaders since Biden took office in January.
Back home, the domestic equity benchmarks ended near the flat line with some positive bias on Monday. The barometer index, the S&P BSE Sensex, rose 32.02 points or 0.05% to 60,718.71. The Nifty 50 index gained 6.70 points or 0.04% at 18,109.45.
Foreign portfolio investors (FPIs) bought shares worth Rs 424.74 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,524.67 crore in the Indian equity market on 15 November, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could jump 92 points at the opening bell.
On the macro front, India's retail inflation rose marginally to 4.48% in the month of October from 4.35% in September, data released by the government showed on Friday.
Meanwhile, industrial production for the month of September grew by 3.1% as compared to 1% in the same month last year, according to the data released by ministry of statistics and programme implementation (MoSPI). IIP surged 11.9% in the month of August.
Overseas, Asian stocks are trading higher on Monday as investors look ahead to Chinese economic data releases due out later today. China is set to release a slew of economic data, including industrial production and retail sales for October later today.
The Japanese economy contracted at an annualised rate of 3% in July-September from the previous quarter, government data showed on Monday, posting the first decline in two quarters as resurgent coronavirus infections hurt consumer spending.
Wall Street stocks closed higher on Friday, with market-leading growth shares kick-starting indexes' climb as investors looked past disappointing U.S. economic data.
Back home, domestic equity benchmarks ended with robust gains on Friday, snapping a three-day losing streak. The barometer index, the S&P BSE Sensex, rallied 767 points or 1.28% to 60686.69. The Nifty 50 index added 229.15 points or 1.28% to 18,102.75.
Foreign portfolio investors (FPIs) bought shares worth Rs 511.10 crore, while domestic institutional investors (DIIs), were also net buyers to the tune of Rs 851.41 crore in the Indian equity market on 12 November, provisional data showed.
Overseas, Asian stocks are mostly trading higher on Friday following overnight gains for tech stocks stateside as the Nasdaq Composite rebounded.
In US, the S&P 500 and Nasdaq rebounded from two days of declines on Thursday as beaten-down chipmakers led gains, but losses in Walt Disney due to slowing subscriber growth in its streaming video service weighed on the Dow.
Back home, domestic equity benchmarks ended with deep cuts on Thursday. The barometer index, the S&P BSE Sensex, declined 433.13 points or 0.72% at 59,919.69. The Nifty 50 index lost 143.60 points or 0.80% to close at 17,873.60.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,637.46 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 445.76 crore in the Indian equity market on 11 November, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 51 points at the opening bell.
Overseas, Asian stocks are trading mixed on Thursday after data released overnight showed U.S. consumer inflation spiked in October.
Wall Street closed sharply lower on Wednesday as surging consumer prices curbed investor risk appetite and stoked worries of a protracted wave of red hot inflation.
Prices for U.S. consumers jumped 6.2% in October compared with a year earlier as surging costs for food, gas and housing left Americans grappling with the highest inflation rate since 1990. The year-over-year increase in the consumer price index exceeded the 5.4% rise in September, the Labor Department reported Wednesday
Back home, benchmark indices settled with minor losses on Wednesday. The barometer index, the S&P BSE Sensex, fell 80.63 points or 0.13% to 60,352.82. The Nifty 50 index dropped 27.05 points or 0.15% to 18,017.20.
Foreign portfolio investors (FPIs) sold shares worth Rs 469.50 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 766.95 crore in the Indian equity market on 10 November, provisional data showed.