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Market Talk – August 3, 2021 | Armstrong Economics


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ASIA:
Singapore recorded its strongest economic growth in 11 years in the second quarter of 2021, rebounding from its worst economic slump on record a year ago due to the Covid-19 pandemic. The Southeast Asian economy surged 14.3% in the second quarter compared with the same period a year ago, according to advance estimates by the Ministry of Trade and Industry.
 
NIKKEI 225 decreased 139.19 points or -0.50% to 27,641.83
Shanghai decreased 16.29 points or -0.47% to 3,447.99
Hang Seng decreased 40.98 or -0.16% to 26,194.82
ASX 200 decreased 16.90 points or -0.23% to 7,474.50
Kospi increased 14.10 points or 0.44% to 3,237.14
SENSEX increased 872.73 points or 1.65% to 53,823.36
Nifty50 increased 245.60 points or 1.55% to 16,130.75 ....

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Nifty today: SGX Nifty down 15 points; here's what changed for market while you were sleeping


Yuan flat at 6.4621 against the greenback
Oil climbs, recoup some losses
Oil prices climbed on Tuesday, clawing back some of the previous session s deep losses, even though concerns over coronavirus curbs combined with slowing factory activity in key buyer countries to keep a lid on gains. Brent crude oil futures rose 24 cents, or 0.3 per cent, to $73.13 a barrel. West Texas Intermediate (WTI) crude added 26 cents, or 0.4 per cent, to $71.52 a barrel.
FPIs sell shares worth Rs 1,540 crore
Net-net, foreign portfolio investors (FPIs) turned sellers of domestic stocks to the tune of Rs 1,539.88 crore, data available with NSE suggested. DIIs were buyers to the tune of 1,505.82 crore, data suggests. ....

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Market Talk – July 27, 2021 | Armstrong Economics


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ASIA:
Intel Corp said on Monday its factories will start building Qualcomm Inc chips and laid out a roadmap to expand its new foundry business to catch rivals such as Taiwan Semiconductor Manufacturing Co and Samsung Electronics Co Ltd by 2025. Intel said on Monday it expects to regain its lead by 2025 and described five sets of chipmaking technologies it will roll out over the next four years.
Indian digital payments firm Paytm expects to launch its initial public offering (IPO) at around the end of October, pending regulatory approvals, Reuters reported. Paytm, which has filed for a 166-billion-rupee ($2.2 billion) IPO that will likely be the largest ever in India, also expects to break even in 18 months, the source familiar with the matter said. The startup, which counts China’s Ant Group and Japan’s SoftBank among its backers, narrowed its operating loss to 16.55 billion rupees in the financial year to end-March 2021 from 24.68 billion a year be ....

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Nifty today: SGX Nifty up 45 points; here's what changed for market while you were sleeping


Yuan flat at 6.4790 against the greenback
FPIs sell shares worth Rs 2,377 crore
Net-net, foreign portfolio investors (FPIs) turned sellers of domestic stocks to the tune of Rs 2376.79 crore, data available with NSE suggested. DIIs, turned buyers to the tune of 1551.27 crore, data suggests.
Q1 earnings today
Dr Reddy s Laboratories, IndusInd Bank, InterGlobe Aviation, Canara Bank,
Torrent Pharmaceuticals, Dalmia Bharat, Dixon Technologies (India), The Ramco Cements, Sanofi India, UCO Bank, TTK Prestige, KPR Mills, Lux Industries and IIFL Finance are among the company that will announce quarterly earnings today.
Glenmark Life IPO opens today
The initial public offer (IPO) of Glenmark Life Sciences will open for subscription on Tuesday. The company and its shareholders seek to raise Rs 1,514 crore from primary market investors. Most analysts are positive on the company s future prospects and suggest subscribing to the issue. They believe the company, whic ....

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