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Business News/ Markets / Live Blog/  Sensex closes 152 pts lower, Nifty at 16,280; IT top gainer; metals, realty drag

Sensex closes 152 pts lower, Nifty at 16,280; IT top gainer; metals, realty drag

Market closing: The Sensex closed at 54,554.66, up 151.81 points, or 0.28%, while Nifty was at 16,280.10, down 21.85 points, or 0.13%. Financials gain, PSU banks drag.

Market closing: Indian indices closed over 0.13% higher on Tuesday. (Mint)Premium
Market closing: Indian indices closed over 0.13% higher on Tuesday. (Mint)

Indian indices closed higher on Tuesday. Asian stocks closed higher as recovery optimism dominated fears around rising Delta virus strain covid cases. Chinese markets were buoyed by liquor stocks. All eyes will be on US inflation data due later today.

10 Aug 2021, 08:19:18 AM IST

Market outlook

Markets are likely to be under pressure on Tuesday while SGX Nifty trends suggest a negative opening. On Monday, thee BSE Sensex ended at 54,402.85, up 125.13 points or 0.23%. The Nifty was at 16,258.25, up 20.05 points or 0.12%.

10 Aug 2021, 08:10:36 AM IST

Devyani International IPO: GMP, allotment date and how to check application status

Devyani International IPO: After the closure of subscription last week, bidders are anxiously waiting for the Devyani International IPO allotment date, which is most likely on 11th August 2021. Devyani International IPO got subscribed 116.70 times, which is enough to understand the high expectations of the bidders from this public issue, said market observers. As per the market observers, grey market is also looking bullish on this public issue as Devyani International IPO GMP today is 53, which is around 60 per cent up from its price band of 86 to 90. Devyani International IPO bidders can check their share allotment status online by logging in at the BSE website or at the official registrar (Link Intime) website. (Read here)

10 Aug 2021, 07:53:50 AM IST

India's July fuel demand recovers to 3-month peak

Fuel demand in India rose in July to its highest since April as pandemic restrictions and lockdowns were unwound in most states, boosting industrial activity and mobility. Fuel consumption, a proxy for oil demand, totalled 16.83 million tonnes, up 2.9% from June and 7.9% from the same period a year ago, data on the website of the Petroleum Planning and Analysis Cell (PPAC) showed on Monday. (Read here)

10 Aug 2021, 07:44:56 AM IST

Asian stocks adrift

Asia stocks drifted Tuesday and commodity markets steadied after Monday’s selloff as investors weighed talk of stimulus withdrawal and a resurgence in the delta virus variant. Equities rose in Japan, which reopened after a holiday. Stocks in Hong Kong saw modest gains, while those in China and South Korea dipped. U.S. futures fluctuated. Earlier, the S&P 500 closed little changed, while the Nasdaq 100 ticked up. The dollar and Treasury yields held overnight gains. Crude oil pared a decline after it touched the lowest in three weeks on concern the delta strain will hamper demand growth.

Gold was steady after Monday’s volatility and Bitcoin traded back around $46,000.

S&P 500 futures were flat as of 10:35 a.m. in Tokyo. The S&P 500 was little changed

Nasdaq 100 futures were little changed. The Nasdaq 100 rose 0.2%

Topix index rose 1%

Australia’s S&P/ASX 200 Index rose 0.2%

Kospi index fell 0.6%

Hang Seng Index added 0.2%

Shanghai Composite Index fell 0.2%

10 Aug 2021, 07:33:41 AM IST

Wall Street sees mixed closing

The S&P 500 dipped on Monday, as fuel demand worries during a resurgent pandemic sent energy stocks lower but rising U.S. Treasury yields lifted financial stocks, keeping Wall Street's benchmark index near record levels.

Energy shares were the worst performing of the 11 major S&P sectors, down 1.48% along with crude prices as mounting coronavirus cases and the potential for restrictions, particularly in China, raised worries about the fuel demand outlook. The Dow Jones Industrial Average fell 106.66 points, or 0.3%, to 35,101.85, the S&P 500 lost 4.17 points, or 0.09%, to 4,432.35 and the Nasdaq Composite added 24.42 points, or 0.16%, to 14,860.18.

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