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Mumbai: Thursday’s market appears to be still in the integration phase, but the SGX Nifty trend shows a gradual opening of the Indian benchmark index. On Wednesday, the BSE Sensex fell 214.18 points (0.37%), ending at 57,338.21. Nifty closed at 17,076.25, down 55.95 points or 0.33%.
Asian stocks are stable on Thursday as investors wait for key US employment data to assess when the Federal Reserve may begin to compare the real stimuli that are boosting financial markets I did.
Hong Kong stocks rebounded as Chinese tech stocks continued to rebound on bets that Beijing’s regulatory pressures had peaked crackdown pressure. The Chinese market has risen and traders have appreciated the central bank’s steps to ease the economy by supporting SMEs. Australia’s commodity-dependent stock index fell due to weaknesses in materials such as iron ore.
US stock futures have fluctuated. Overnight, the Nasdaq 100 reached a record high and the S & P 500 remained almost unchanged. Economic data suggesting a slow recovery in the US labor market has created a defensive taste for trade.
Kotak Mahindra Bank said Wednesday that it had completed the process of selling more than 8% of Airtel Payments Bank’s shares to Bharti Enterprises. ￡294.80 Chlore. On Tuesday, the bank announced that it would enter into a share purchase agreement to sell 20 chlore shares of Airtel Payments Bank (APBL) (approximately 8.57% stake) to Bharti Enterprises.
India’s largest lender, the State Bank of India (SBI), said it raised Rs 400 billion at a coupon rate of 7.72% through additional Tier 1 bonds. This is the first issue in the domestic market after a new issue by the Securities and Exchange Commission of India. rule.
Vedanta Ltd will have a board meeting on Wednesday ￡$ 18.50 per share for 2021-22 ￡6,877 Chlore.
The US Treasury yield remained around 1.30% for 10 years. Friday’s US Salary Report provides economic clues and a possible timeline to reduce the Fed’s $ 120 billion in monthly bond purchases. The dollar has fallen.
Investors are trying to assess when outbreaks of delta variant virus can peak and the impact of lower central bank policy support in the coming months. Global equities are close to record levels, and financial market volatility indicators are declining, suggesting that many are optimistic that resuming from the health crisis will overcome the challenge.
(Bloomberg contributed to the story)
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