Market Live Updates Today: The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a gap-up opening for the index in India with a 142 points gain.
The BSE Sensex was down 440.76 points at 50,405.32 on March 5 while the Nifty50 fell 142.70 points to 14,938.10. According to pivot charts, the key support levels for the Nifty are placed at 14,836.03, followed by 14,733.97. If the index moves up, the key resistance levels to watch out for are 15,066.23 and 15,194.37.
image for illustrative purpose
The BSE Sensex was down 440.76 points at 50,405.32 on March 5 while the Nifty50 fell 142.70 points to 14,938.10. According to pivot charts, the key support levels for the Nifty are placed at 14,836.03, followed by 14,733.97. If the index moves up, the key resistance levels to watch out for are 15,066.23 and 15,194.37.
Wall Street, and a gauge of global equity markets, on Friday recovered from earlier losses as investors took stock of a report that showed faster-than-expected U.S. jobs growth but which had previously stoked inflation concerns.
The Dow Jones Industrial Average rose 446.98 points, or 1.45%, to 31,371.12, the S&P 500 gained 59.5 points, or 1.58%, to 3,827.97 and the Nasdaq Composite added 147.19 points, or 1.16%, to 12,870.66.
Asian shares rallied on Monday while the dollar held near three-month peaks after the U.S. Senate passage of a $1.9 trillion stimulus bill and a surprisingly strong payrolls report augured well for a global economic rebound.
The prospect of yet faster growth helped MSCI's broadest index of Asia-Pacific shares outside Japan firm 0.4%. Japan's Nikkei gained 1.2%, while S&P 500 futures rose 0.3%, after a sharp turnaround on Friday.
Live Updates
- 8 March 2021 2:36 PM IST
Tata Digital vying for 'strategic alliance' with Just Dial
The salt-to-steel conglomerate mergers and acquisition team has been looking at possible partnerships in the bid to scaleup Tata Digital.
- 8 March 2021 2:36 PM IST
New PF tax rule applicable from April 1: Here's everything you need to know
With the threshold of Rs 2.5 lakh per year, the new tax rule is expected to hurt only large contributions to the provident fund.
- 8 March 2021 2:35 PM IST
Tibet official urges China to start construction on Brahmaputra dam within year
China could build up to 60 gigawatts (GW) of generation capacity on the Brahmaputra river.
- 8 March 2021 2:34 PM IST
China approves construction of controversial dam on Brahmaputra river
Yarlung Tsangpo downstream hydropower base is listed in China’s new five-year plan as one of the country’s major energy development projects for the 2021-2025 period.
- 8 March 2021 2:33 PM IST
Women's Day 2021: NASSCOM, Google join hands to empower women farmers
The program will reach one lakh women farmers from across Uttarakhand, Himachal Pradesh, Uttar Pradesh, Rajasthan, Haryana and Bihar, skilling them in digital literacy, financial literacy and entrepreneurship skills in the coming year.
- 8 March 2021 2:32 PM IST
Punjab to waive farm loans worth Rs 1,186 crore of 1.13 lakh farmers
The announcement of farm loan waiver comes while thousands of farmers, mostly from Punjab and Haryana, are protesting for more than three months on Delhi's borders against the three farm laws brought by the Centre in 2020
- 8 March 2021 9:11 AM IST
5 stocks under F&O ban on NSE
Bank of Baroda, BHEL, Punjab National Bank, SAIL and Sun TV Network are under the F&O ban for March 8. 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.
- 8 March 2021 9:09 AM IST
India Inc's overseas direct investment declines 31% to $1.85 billion in February
India Inc's overseas direct investment fell by 31 percent to USD 1.85 billion in February this year, the RBI data showed. Domestic companies made investments of USD 2.66 billion in their overseas subsidiaries and joint-ventures in the year-ago month, February 2020.
Of the total investment made by Indian companies in foreign markets, USD 1.36 billion was in the form of loan; USD 297.37 million comprised as equity investment and the rest of USD 183.82 million was by way of issuance of guarantee, according to the RBI data on outward foreign direct investment (OFDI) - February 2021.
- 8 March 2021 9:09 AM IST
SEBI lays guidelines on votes cast by mutual funds
Markets regulator SEBI on Friday came out with guidelines on votes cast by mutual funds to further improve transparency and encourage such fund houses to diligently exercise their voting rights in best interest of the unit holders.
Mutual funds, including their passive investment schemes like index funds, exchange-traded funds (ETFs), will be required to cast votes compulsorily in respect of related party transactions of the investee companies and corporate governance matters, SEBI said in a circular.
In addition, mutual funds will have to cast votes on corporate governance matters, including changes in the state of incorporation, merger and other corporate restructuring, and anti-takeover provisions as well as capital structure, including increases and decreases of capital and preferred stock issuances.
- 8 March 2021 9:08 AM IST
FII and DII data
Foreign institutional investors (FIIs) net sold shares worth Rs 2,014.16 crore, while domestic institutional investors (DIIs) net sold shares worth Rs 1,191.19 crore in the Indian equity market on March 5, as per provisional data available on the NSE
