27 December 2021
World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.
- Asia-Pacific stocks mixed as multiple regional markets are closed for Christmas holidays
- Oil prices mixed, U.S. crude falls after COVID-19 flight cancellations
The Indian rupee is expected to trade little changed to the dollar today after posting its best weekly performance in more than a year on dollar sales by companies and improved risk appetite.
On Friday, the rupee reached a three-week high of 75.02, extending its weekly advance. Dollar sales by software and other companies, position squaring by speculators, and weakness on the dollar index were mostly responsible for the currency’s 1.4% advance last week. A few traders said the presence of the Reserve Bank of India in the forex market contributed to the rupee having its best week in 16 months.
India Stock Market
The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a negative opening for the index in India with an 33-points loss.
The BSE Sensex was down 191 points to close at 57,124.31, while the Nifty50 managed to hold 17,000 mark, down 68.80 points at 17,003.80
Shares in Asia-Pacific were mixed in Monday morning trade, with multiple major markets in the region closed for holidays.
Mainland Chinese stocks were mixed in morning trade, with the Shanghai composite below the flatline while the Shenzhen component edged 0.201% higher. the Nikkei 225 in Japan slipped 0.22% while the Topix index shed 0.24%. South Korea’s Kospi climbed 0.26%. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.07% higher.
Oil prices were mixed on Monday, with Brent edging up while U.S. crude futures slipped after airlines called off thousands of flights in the United States over Christmas holidays amid surging COVID-19 infections.
U.S. West Texas Intermediate crude futures fell 41 cents, or 0.6%, to $73.38. Brent crude rose 40 cents, or 0.5%, to $76.54 a barrel after settling down 0.92% on Friday.
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Disclaimer : All information in this report is collected from various sites on internet. Although we have taken all precautions for correct representation of data however we do not take any responsibility for any errors and omissions. The technical analysis and views expressed is authors own views. We are not responsible for any losses on account of following the same.