The Indian market is likely to open flat on Thursday on mixed global cues. At 7:30 am, the SGX Nifty was trading 10.00 points or 0.07 percent higher at 13,991.50, indicating a flat start for the Sensex and Nifty50.
1. Wall Street | US stocks closed higher on Wednesday, with the Dow Industrials nudging up to a record, as investors looked towards an improving economic outlook in 2021 on the back of COVID-19 vaccine rollouts and hopes for even more fiscal support. The Dow Jones Industrial Average rose 73.89 points, or 0.24%, to 30,409.56, the S&P 500 gained 5 points, or 0.13%, to 3,732.04 and the Nasdaq Composite added 19.78 points, or 0.15%, to 12,870.00.
2. Asian Stocks | Asian shares are set to end a tumultuous 2020 by hovering near record highs on Thursday while riskier currencies cruised near 2-1/2-year peaks, buoyed by hopes that COVID-19 vaccine rollouts will help the world beat the pandemic. E-Mini S&P futures rose 0.11 percent to 3,728.5, while MSCI's gauge of Asia-Pacific shares excluding Japan was little changed at 661.76, a hair's breath from its record high of 661.80. Australian shares lost 0.23 percent while the Japanese stock market is shut on Thursday. (Image: Reuters)
3. Indian Market | Indian benchmark equity indices, Sensex and Nifty, ended at record levels on Wednesday led by gains in metal and auto stocks. Sensex finished 133 points higher at 47,746, while Nifty closed at 13,982. Broader indices, Nifty Smallcap100 and Nifty Midcap100 supported the rally by ending 0.70 and 0.22 percent higher, respectively. Among sectors, Nifty Auto, Nifty Metal and Nifty Realty ended over 1 percent each. Ending in the red was Nifty PSU Bank and Nifty pharma.
4. Crude Oil | Oil prices traded flat on Wednesday, supported by a draw in US crude inventories and Britain's approval of a second coronavirus vaccine but pressured by swelling year-over-year supply and the view that a federal aid package would be slimmer than hoped. Brent crude futures gained 9 cents to $51.18 a barrel, off the session high of $51.56 and well lower than the $66 price that started the year.
5. Rupee | Rising for the fifth straight session, the rupee on Wednesday appreciated by 11 paise to close at more than a two-month high of 73.31 against the US dollar on the back of foreign fund inflows and a weak greenback in the global markets. At the interbank forex market, the domestic unit opened at 73.35 against the US dollar and witnessed an intra-day high of 73.26 and a low of 73.36. The local unit finally settled at 73.31, registering a rise of 11 paise over its previous close.
6. Brexit | British lawmakers approved Prime Minister Boris Johnson's post-Brexit trade deal with the European Union on Wednesday, as both sides looked to begin a new chapter of relations just days before their divorce becomes a reality. Britain and the European Union signed the deal on Wednesday and the British parliament will finalise its implementation, ending over four years of negotiation and safeguarding nearly a $1 trillion of annual trade. (Image: Reuters)
7. China PMI | China's factory activity expanded in December but at a slower pace, as the country leads a pack of major economies emerging from the coronavirus slump.The official manufacturing Purchasing Manager's Index (PMI) fell to 51.9 in December from 52.1 in November, data from the National Bureau of Statistics (NBS) showed on Thursday, remaining above the 50-point mark that separates growth from contraction.
8. Current Account Surplus | India's current account surplus shrank to $15.5 billion in the July-September quarter from a record $19.2 billion in April-June as its merchandise trade deficit grew, the Reserve Bank of India said on Wednesday. The surplus stood at 2.4 percent of the gross domestic product in the latest quarter, compared with a deficit of $7.6 billion, or 1.1 percent of GDP, in the same period a year ago, RBI data showed.
9. Government Liabilities | Total liabilities of the government increased to Rs 107.04 lakh crore at end-September 2020 from Rs 101.3 lakh crore at end-June 2020, official data on public debt showed on Wednesday. This represented a quarter-on-quarter increase of 5.6 percent in Q2FY21. Public debt accounted for 91.1 percent of total outstanding liabilities at end-September 2020, as per the latest quarterly report on public debt management.
10. COVID-19 Vaccine | India's drug regulator will meet again on Friday to consider approving AstraZeneca and Oxford University's COVID-19 vaccine for emergency use after Britain became the first country to do so, the government said.