MARKET LIVE: SGX Nifty rises 100 pts; Aptus Value, Chemplast to list today
August 23, 2021
LIVE market updates: The US Food and Drug Administration’s full approval of Pfizer and BioNTech’s Covid-19 vaccine has lifted mood across global markets. Back home, the government’s plan to monetise assets to collect about Rs 6 trillion to partly fund its ambitious infrastructure projects over four years ending 2024-25 may further support the sentiment.
Two new companies — Aptus Value Housing Finance and Chemplast Sanmar — are eyeing market debuts today. However, market fatigue and investors’ distance from broader markets may result in a tepid listing, believe analysts.
Overnight, the Nasdaq Composite jumped 1.55 percent to 14,942.65 — a record closing high, while the S&P 500 and the Dow Jones advanced 0.85 per cent and 0.6 per cent, respectively.
In Asia, Japan’s Nikkei gained 0.97 per cent, South Korea’s Kospi jumped 1.43 per cent, and Australia’s S&P/ASX 200 edged 0.30 per cent higher on Tuesday.