SGX Nifty indicates cautious opening for indices

SGX Nifty indicates cautious opening for indices

FPJ Web DeskUpdated: Thursday, July 01, 2021, 09:16 AM IST
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Bombay Stock Exchange (BSE)/ file | PTI

Trends on SGX Nifty indicate a cautious opening for the index. The Nifty futures were trading at 15,755 on the Singaporean Exchange.

At 09:02 AM, the Sensex was up 56.41 points or 0.11 percent at 52539.12. The Nifty was up 42.40 points or 0.27 percent at 15763.90.

The S&P 500 nabbed its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking forward toward Friday's highly anticipated employment report.

The Dow Jones Industrial Average rose 210.22 points or 0.61 percent to 34,502.51, the S&P 500 gained 5.7 points or 0.13 percent to 4,297.5 and the Nasdaq Composite dropped 34.38 points or 0.17 percent to 14,503.95.

Shares in Asia-Pacific slipped in Thursday morning trade as investors reacted to the release of Chinese economic data. Nikkei 225 shed 0.39 percent while the Topix index fell 0.32 percent.

China factory activity expands

China's factory activity expanded at a softer pace in June, as the resurgence of COVID-19 cases in the export province of Guangdong and supply chain woes drove output growth to the lowest in 15 months, a private survey showed on Thursday.

The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) fell to 51.3 last month from May's 52, marking the 14th month of expansion, but it came below analyst expectations for a only slight slowdown to 51.8.

F&O ban

NALCO is under the F&O ban for July 1. 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

Sebi extends deadlines

Markets regulator SEBI on Wednesday extended deadlines for complying with certain regulatory requirements by stock brokers, clearing members and KYC registration agencies in view of the ongoing COVID-19 pandemic. The deadline for maintaining call recordings of orders or instructions received from clients has been extended by one month till July 31, the SEBI said in a circular. Also, the regulator has given time till July-end to brokers for operating the trading terminals from designated alternate locations.

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