Market Live Update Today: Trends on SGX Nifty indicate a negative opening for the index in India with an 80-point loss.
HDFC Life Insurance Company | The company reported higher profit at Rs 263.44 crore in Q3FY21 against Rs 251.09 crore in Q3FY20, net premium income rose to Rs 9,488.84 crore from Rs 7,854.98 crore YoY.
image for illustrative purpose
The Indian stock market is expected to open in the red following weak global cues as trends on SGX Nifty indicate a negative opening for the index in India with an 80-point loss.
The S&P BSE Sensex plunged 937.66 points or 1.94 percent to 47,409.93 on January 27 while the Nifty50 fell 271.40 points or 1.91 percent to 13,967.50.
According to pivot charts, the key support levels for the Nifty are placed at 13,851.87, followed by 13,736.23. If the index moves up, the key resistance levels to watch out for are 14,160.57 and 14,353.63.
The Dow Jones Industrial Average fell 633.87 points, or 2.05%, to 30,303.17, the S&P 500 lost 98.85 points, or 2.57%, to 3,750.77 and the Nasdaq Composite dropped 355.47 points, or 2.61%, to 13,270.60.
Asian stocks skidded on Thursday following a sharp Wall Street decline amid deepening concerns about stretched valuations in equities markets, while the dollar and bonds strengthened.
Live Updates
- 28 Jan 2021 9:04 AM IST
1 stock under F&O ban on NSE
SAIL is under the F&O ban for January 28. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.
- 28 Jan 2021 9:04 AM IST
FII and DII data
Foreign institutional investors (FIIs) net sold shares worth Rs 1,688.22 crore, while domestic institutional investors (DIIs) net sold shares worth Rs 3.38 crore in the Indian equity market on January 27, as per provisional data available on the NSE.
- 28 Jan 2021 9:03 AM IST
SEBI moots proposal on appointment of managing director
Seeking to put in place stricter norms, SEBI on Wednesday proposed that a person rejected by a listed company's shareholders as a managing director or whole-time director can be appointed or re-appointed to the posts only after the company fulfils various conditions, including providing detailed justifications.
Under the proposal, if a person whose appointment or re-appointment as a managing director (MD) or whole-time director (WTD) has been rejected by the shareholders of a listed firm should not be appointed again on such post unless certain conditions are satisfied, SEBI said in a consultation paper.
- 28 Jan 2021 9:03 AM IST
FDI inflows in April-November 2020 rise 22% to $58.37 billion
Foreign direct investment (FDI) inflows from April to November 2020 have increased by 22 percent (YoY) to $58.37 billion - the highest for the first 8 months of any fiscal, the Ministry of Commerce and Industry on January 27 said. FDI equity inflows in the first eight months of FY21 rose by 37 percent (YoY) to $43.85 billion, said the Union Ministry statement said.
- 28 Jan 2021 9:02 AM IST
With infrastructure push, Railways to see highest-ever capex in 2021-22
With the country’s railways infrastructure set for a massive revamp, the Indian Railways is likely to see its highest ever capital expenditure (capex) for 2021-22 in the upcoming Budget 2021. During the current financial year, the capex by the Indian Railways was pegged at Rs 161,042 crore, which is likely to grow in double-digits in 2021-22, if the finance ministry meets the Railway Board’s expectation.
- 28 Jan 2021 9:02 AM IST
Sebi in talks to cut down minimum application size to help retail investors
India’s capital and commodity markets regulator is in talks to cut down the minimum application size for IPOs from Rs 15,000 to Rs 7,500 in an attempt to provide higher subscriptions to retail investors.
“Sebi has received several complaints from retail investor associations that retail investors are unable to get IPO subscription in most of the good IPOs,” a source, who is close to the discussions being held by the Securities and Exchange Board of India.
