Live Market Updates Today: Trends on SGX Nifty indicates a flat start for the index in India
Live Market Updates Today: Indian market closed flat after a gap-down start on Monday.
image for illustrative purpose
Live Market Updates Today: Indian market closed flat after a gap-down start on Monday. The S&P BSE Sensex closed with a loss of 63 points while the Nifty50 managed to hold on to 14600.
Sectorally, buying was seen in telecom, metals, FMCG, and power space while profit-taking was visible in consumer durables, energy, banks, oil & gas, and realty space.
Broader markets also closed mixed. The S&P BSE Mid-cap index rose marginally but the S&P BSE Small-cap index ended with gains of over 1 percent.
Live Updates
- 4 May 2021 9:22 AM IST
Uday Kotak says bank is prepared for a succession plan
Kota Mahindra Bank chief managing director and chief executive officer, Uday Kotak on May 3 said the bank is prepared with a succession plan after his term ends in December 2023, as per the new rules of the Reserve Bank of India (RBI) on terms of chief executives at banks.
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US Markets
The S&P 500 and the Dow indexes ended higher on Monday amid a largely upbeat earnings season, while the Nasdaq came under pressure from declines in some high-flying growth stocks, as the rotation into cyclical and “economy reopening” stocks continued.
The Dow Jones Industrial Average rose 0.7% to close at 34,113.23 points, while the S&P 500 gained 0.27% to 4,192.66. The Nasdaq Composite dropped 0.48%, to 13,895.12.
Barclays cuts India's FY22 GDP growth forecast to 10%; says local lockdowns to cost $38 billion till June
Blaming the slow pace of vaccinations and uncertainty around the number of those infected and dead in the second COVID-19 wave, global brokerage firm Barclays cut India's FY22 GDP growth estimate to 10 per cent from earlier 11 per cent.
