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10 things you need to know before the opening bell on January 22

Updated : 2021-01-22 08:14:07

The Indian market is likely to open lower on Friday following losses in Asian peers. At 8:00 am, the SGX Nifty was trading 60.00 points or 0.41 percent lower at 14,583.50, indicating a negative start for the Sensex and Nifty50.

 1. US Stocks  | The S&P 500 and Nasdaq closed at record highs on Thursday, propelled by optimism about more pandemic relief under the Biden administration to support the economy after data showed a tepid labor market recovery. The Nasdaq Composite advanced 0.6 percent to close at a new high of 13,530.91 while the S&P 500 gained less than 0.1 percent end at 3,853.07, eking out another fresh high. The Dow Jones Industrial Average, on the other hand, shed 12.37 points to close at 31,176.01. (Image: Reuters)
1. US Stocks | The S&P 500 and Nasdaq closed at record highs on Thursday, propelled by optimism about more pandemic relief under the Biden administration to support the economy after data showed a tepid labor market recovery. The Nasdaq Composite advanced 0.6 percent to close at a new high of 13,530.91 while the S&P 500 gained less than 0.1 percent end at 3,853.07, eking out another fresh high. The Dow Jones Industrial Average, on the other hand, shed 12.37 points to close at 31,176.01. (Image: Reuters)
 2. Asian Markets  | Asian shares eased from record highs on Friday as investors took some money off the table after a recent rally that was driven by hopes a massive US economic stimulus plan by incoming President Joe Biden will help temper the COVID-19 impact. MSCI's broadest gauge of Asia Pacific stocks outside of Japan was off 0.2 percent at 722.49 points, a whisker away from its all-time high of 727.31 touched on Thursday. Australia's benchmark index was down 0.2 percent while Japan's Nikkei eased 0.4 percent. Chinese shares started on the backfoot with the blue-chip CSI300 index down 0.1 percent and Hong Kong's Hang Seng was off 0.1 percent. (Image: Reuters)
2. Asian Markets | Asian shares eased from record highs on Friday as investors took some money off the table after a recent rally that was driven by hopes a massive US economic stimulus plan by incoming President Joe Biden will help temper the COVID-19 impact. MSCI's broadest gauge of Asia Pacific stocks outside of Japan was off 0.2 percent at 722.49 points, a whisker away from its all-time high of 727.31 touched on Thursday. Australia's benchmark index was down 0.2 percent while Japan's Nikkei eased 0.4 percent. Chinese shares started on the backfoot with the blue-chip CSI300 index down 0.1 percent and Hong Kong's Hang Seng was off 0.1 percent. (Image: Reuters)
 3. Indian Market on Thursday  | Indian indices ended in the red on Thursday after hitting record highs in intra-day deals mainly dragged by banking, metals and IT stocks. The Sensex ended 167 points lower at 49,624 while the Nifty fell 54 points to settle at 14,590. In intra-day deals, the Sensex hit 50,000 levels for the first time ever. It rose as much as 392 points to its all-time high of 50,184 while the Nifty rose 109 points to its fresh high of 14,753. Broader markets also pared morning gains to end negatively. The Nifty Midcap index lost over 1 percent while the Nifty Smallcap index was down 0.6 percent for the day.
3. Indian Market on Thursday | Indian indices ended in the red on Thursday after hitting record highs in intra-day deals mainly dragged by banking, metals and IT stocks. The Sensex ended 167 points lower at 49,624 while the Nifty fell 54 points to settle at 14,590. In intra-day deals, the Sensex hit 50,000 levels for the first time ever. It rose as much as 392 points to its all-time high of 50,184 while the Nifty rose 109 points to its fresh high of 14,753. Broader markets also pared morning gains to end negatively. The Nifty Midcap index lost over 1 percent while the Nifty Smallcap index was down 0.6 percent for the day.
 4. Crude Oil  } Oil prices steadied on Thursday after industry data showed a surprise increase in U.S. crude inventories that revived pandemic-related fuel demand concerns, while U.S. stimulus hopes buoyed prices. Brent crude futures rose 2 cents to settle at $56.10 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell 18 cents to settle at $53.13 a barrel.
4. Crude Oil } Oil prices steadied on Thursday after industry data showed a surprise increase in U.S. crude inventories that revived pandemic-related fuel demand concerns, while U.S. stimulus hopes buoyed prices. Brent crude futures rose 2 cents to settle at $56.10 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell 18 cents to settle at $53.13 a barrel.
 5. Rupee  | The Indian rupee added another 6 paise to settle at a near five-month high of 72.99 against the US dollar on Thursday, tracking a weaker American currency overseas and sustained foreign fund inflows. At the interbank forex market, the rupee opened higher at 72.96 and touched the day’s high of 72.93 against the greenback before shedding some gains towards the fag-end of the session. It finally closed higher by 6 paise at 72.99 to the dollar, a level not seen since September 1, 2020.
5. Rupee | The Indian rupee added another 6 paise to settle at a near five-month high of 72.99 against the US dollar on Thursday, tracking a weaker American currency overseas and sustained foreign fund inflows. At the interbank forex market, the rupee opened higher at 72.96 and touched the day’s high of 72.93 against the greenback before shedding some gains towards the fag-end of the session. It finally closed higher by 6 paise at 72.99 to the dollar, a level not seen since September 1, 2020.
 6. US Jobless Claims  | Fewer Americans applied for unemployment benefits last week, lowering claims to 900,000, still a historically high level that points to further job cuts in a raging pandemic. The Labor Department's report Thursday underscored that President Joe Biden has inherited an economy that faltered this winter as virus cases spiked, cold weather restricted dining and federal rescue aid expired. The government said that 5.1 million Americans are continuing to receive state jobless benefits, down from 5.2 million in the previous week. That signals that fewer people who are out of work are finding jobs.
6. US Jobless Claims | Fewer Americans applied for unemployment benefits last week, lowering claims to 900,000, still a historically high level that points to further job cuts in a raging pandemic. The Labor Department's report Thursday underscored that President Joe Biden has inherited an economy that faltered this winter as virus cases spiked, cold weather restricted dining and federal rescue aid expired. The government said that 5.1 million Americans are continuing to receive state jobless benefits, down from 5.2 million in the previous week. That signals that fewer people who are out of work are finding jobs.
 7. Japan's Consumer Prices Fall At Decade-Fast Pace  | Japan's core consumer prices slumped in December at the fastest annual pace in a decade, a sign of intensifying deflationary pressures that sharpen the case for the central bank to come up with better ways to combat the deepening impact of the COVID-19 pandemic. The nationwide core consumer price index (CPI), which includes oil but excludes fresh food costs, fell 1.0 percent in December from a year earlier, government data showed, slightly less than a median market forecast for a 1.1 percent drop, a Reuters report said.
7. Japan's Consumer Prices Fall At Decade-Fast Pace | Japan's core consumer prices slumped in December at the fastest annual pace in a decade, a sign of intensifying deflationary pressures that sharpen the case for the central bank to come up with better ways to combat the deepening impact of the COVID-19 pandemic. The nationwide core consumer price index (CPI), which includes oil but excludes fresh food costs, fell 1.0 percent in December from a year earlier, government data showed, slightly less than a median market forecast for a 1.1 percent drop, a Reuters report said.
 8. European Central Bank Keeps Stimulus Programs On Track  | With more than a trillion euros in stimulus still in the pipeline to the economy, the European Central Bank left its key bond-purchase program unchanged Thursday as the 19-country eurozone endures a winter economic slowdown due to the pandemic. Attention will focus on post-decision remarks by bank President Christine Lagarde about the outlook for the recovery in the 19 countries that use the euro currency.
8. European Central Bank Keeps Stimulus Programs On Track | With more than a trillion euros in stimulus still in the pipeline to the economy, the European Central Bank left its key bond-purchase program unchanged Thursday as the 19-country eurozone endures a winter economic slowdown due to the pandemic. Attention will focus on post-decision remarks by bank President Christine Lagarde about the outlook for the recovery in the 19 countries that use the euro currency.
 9. RBI  | The Reserve Bank of India (RBI) continued to remain a net buyer of the US currency in November after it bought USD 10.261 billion from the spot market, data showed. During the reporting month, the central bank purchased $14.289 billion and sold $4.028 billion, according to the monthly bulletin released by the RBI for January.
9. RBI | The Reserve Bank of India (RBI) continued to remain a net buyer of the US currency in November after it bought USD 10.261 billion from the spot market, data showed. During the reporting month, the central bank purchased $14.289 billion and sold $4.028 billion, according to the monthly bulletin released by the RBI for January.
 10. Vaccines  | The number of healthcare workers who have received COVID-19 vaccine jabs in India till the evening of the sixth day of the nationwide immunisation drive has reached 9,99,065 as per provisional reports, Union Health Ministry said on Thursday.It also said on Thursday, 1,92,581 beneficiaries were vaccinated till 6 pm through vaccination sessions held across 27 states and Union Territories, while adding the final report would be completed by late in the night.
10. Vaccines | The number of healthcare workers who have received COVID-19 vaccine jabs in India till the evening of the sixth day of the nationwide immunisation drive has reached 9,99,065 as per provisional reports, Union Health Ministry said on Thursday.It also said on Thursday, 1,92,581 beneficiaries were vaccinated till 6 pm through vaccination sessions held across 27 states and Union Territories, while adding the final report would be completed by late in the night.
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