Nifty futures had been trading 146.80 points or 1.05 per cent greater at 14,116.80 on Singaporean Exchange on Monday. BSE Sensex and Nifty 50 are probably to make new record higher levels in today’s session. Bulls are anticipated to cheer the approval of COVID-19 vaccines by Indian drug controller DGCI for emergency use in India. In the prior session, the S&P BSE Sensex rose 117.65 points to finish at 47,868.98 even though the broader Nifty50 gained 36.70 points to settle at 14,018.50. Asian stock markets had been observed trading mixed in the early trade on Monday. ” The index has formed breakout continuation formation and the texture of the chart recommend uptrend probably to continue in the close to term. we can count on additional upside activity towards the 14300 or 14400 levels. On the downside, the Nifty would obtain massive assistance in between 13800 and 13700,” mentioned Shrikant Chouhan, Executive Vice President, Equity Technical Research, Kotak Securities.
FPIs turn net purchasers for 3rd straight month: Foreign portfolio investors (FPIs) remained net purchasers for the third month in a row by investing Rs 68,558 crore in Indian markets as worldwide investors continued betting on emerging markets. The second highest quantity into equities was invested by FPIs in November, when they had pumped in Rs 60,358 crore.
Call, Put OI: For the January series, maximum Call Open Interest (OI) is placed at 14,000 strike with 21 lakh contracts, followed by 14,500 strike with 12.23 lakh contracts. Put OI is the most at 13,000 strike with 26.93 lakh contracts.
GST collection: GST collection was reported at Rs 1.15 lakh crore in the month of December, up 12 per cent on-year. The December income, which comes from transactions completed in November, was also up 9.7 per cent, sequentially.
Asian markets: Asian stock markets had been trading mixed on Monday. Japan’s Nikkei 225 dipped .64 per cent even though the Topix index fell .85 per cent. In South Korea, the Kospi gained 1.22 per cent.
RBI launches Digital payments index: The Reserve Bank of India (RBI) has come up with a ‘composite Digital Payments Index (DPI)’ to measure the extent of digitisation of payments in India. The digital payments ecosystem is at the moment dominated by significant technologies players like Paytm, PhonePe, Google Pay, and lately launched WhatsApp Payments.