Morning Market Mint - 14.01.2021

    Morning Market Mint - Rupeedesk Reports - 14.01.2021

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Morning Market Mint - Rupeedesk Reports - 14.01.2021

Morning Market Mint - Rupeedesk Reports - 14.01.2021

The Indian stock market is expected to open on a cautious note as trends on SGX Nifty indicate a cautious opening for the index in India with a 19 points gain

* US Markets

Wall Street’s benchmark S&P 500 index closed slightly higher on Wednesday with defensive sectors leading gains as investors waited for details of the next U.S. fiscal stimulus plan and Congress began President Donald Trump’s impeachment hearings.

* Asian Markets

Asian equities made early trading gains on Thursday after a mixed session Wall Street buoyed by expectations of a U.S. stimulus package even as political events in Washington culminated in the impeachment of President Donald Trump.

* SGX Nifty

Trends on SGX Nifty indicate a cautious opening for the index in India with a 19 points gain. The Nifty futures were trading at 14,592 on the Singaporean Exchange around 07:30 hours IST.

* Trump bolsters ban on U.S. investments in China

President Donald Trump has signed an order strengthening a November ban on U.S. investments in alleged Chinese military companies, the White House said on January 13, curbing Chinese access to U.S. capital markets days before he leaves office.

Under the amended directive, by Nov. 11, 2021, U.S. investors will be required to have completely divested their holdings of securities of companies designated by the Defense Department as owned or controlled by the Chinese military.

* Need to increase capital outlay in road sector by at least 15 percent, speed up asset monetisation process: ICRA

Rating agency ICRA on Wednesday said there is a need to increase capital outlay in the road sector by at least 15 per cent besides expediting asset monetisation programmes. It also said that hybrid annuity mode of highways building presents huge refinancing opportunities and 70 such projects involving Rs 35,800 crore of debt are expected to become operational in the next two years.

* SEBI reduces registration fee for investment advisors

Markets regulator SEBI has cut down application and registration fees for individuals and corporates seeking a registered investment advisor status. Now, individuals and firms (partnership) will have to pay Rs 2,000 while applying for an investment advisor certificate.

The application fee for corporates including Limited Liability Partnerships (LLPs) has been brought down to Rs 10,000 from Rs 25,000.

* Infosys beats estimates with Q3 profit growth at 7.3 percent

Infosys has delivered a strong beat on all parameters in the December quarter earnings on January 13 with upward revision in full-year constant currency revenue growth as well as margin guidance following a record deal win.

* U.S. consumer prices increase in December

U.S. consumer prices increased in December, with households paying more for gasoline, though underlying inflation remained tame as the economy battled a raging COVID-19 pandemic, which has weighed on the labor market and the services industry.

* Results on January 14

Den Networks, HFCL, Reliance Industrial Infrastructure, Tata Steel Long Products, Websol Energy System and Digicontent will announce their quarterly earnings on January 14.

* FII and DII data

Foreign institutional investors (FIIs) net bought shares worth Rs 1,879.06 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 2,370.17 crore in the Indian equity market on January 13, as per provisional data available on the NSE.

* 2 stocks under F&O ban on NSE

BHEL and SAIL are under the F&O ban for January 14. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

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