Reliance Jio Infocomm has launched its 5G services in Andhra Pradesh

Opening Bell:

SGX Nifty is up by 28.5 points in the early morning trade, indicating a positive opening for Indian stock market.

Asian markets are trading higher in the early trade The Japanese Nikkei is up by 0.43 percent. South Korea’s Kospi added 0.53 percent. Hang Seng is closed for trading for Christmas Holidays.

US retail sales rose 7.6 percent between November 1 and December 24, which encompasses a majority of the holiday season, as steep discounts lured deal-hungry consumers, a Mastercard report showed on Monday. US markets were closed yesterday for Christmas Holidays.

Stocks News:

?NTPC largest power generation company has signed a non-binding Memorandum of Understanding with Tecnimont, Indian subsidiary of Maire Tecnimont Group based in Italy. They jointly will evaluate and explore the possibility to develop commercial scale green methanol production facility at a NTPC project in India.

?Investor Swan Energy has bought an additional 11.1 lakh shares in Veritas India through open market transactions, where promoter Niti Nitinkumar Didwania was the seller. They have exchanged shares at an average price of Rs 179.55 per share.

?Maruti Suzuki is aiming for a record production for the next fiscal year as it seeks to retail four SUV models which would help the company to claw back its market share further in the fastest growing segment of the passenger car market.

?Reliance Jio Infocomm has launched its 5G services in Andhra Pradesh with an investment of Rs 6,500 crore, starting with the cities of Tirumala, Visakhapatnam, Vijayawada and Guntur.

?Foreign institutional investors (FIIs) sold shares worth Rs 497.65 crore, while domestic institutional investors (DIIs) purchased shares worth Rs 1,285.74 crore on December 26, as per provisional data available on the NSE.

Domestic and International Events

• Japan’s jobless rate fell to 2.5 percent in November, while the availability of jobs stayed at its highest level since March 2020, government data showed on Tuesday.
• Bank of Japan (BOJ) Governor Haruhiko Kuroda on Monday brushed aside the chance of a near-term exit from ultra-loose monetary policy, although markets and policymakers are signalling an increasing focus on what comes after Kuroda’s tenure ends.
• The dollar moved broadly lower on Tuesday while Australia and New Zealand’s currencies jumped as risk appetite grew after China said it will scrap its COVID quarantine rule for inbound travellers – a major step towards easing curbs on its borders.
• The CBIC on Monday said there is no proposal before the government to lower the threshold from January 1 for mandatory generation of e-invoices.

Key Equity Indices