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 227 points gain.
The BSE Sensex plunged 1,939.32 points, or 3.80 percent, to 49,099.99 on February 26 while the Nifty50 fell 568.20 points, or 3.76 percent, to 14,529.20.
image for illustrative purpose
The BSE Sensex plunged 1,939.32 points, or 3.80 percent, to 49,099.99 on February 26 while the Nifty50 fell 568.20 points, or 3.76 percent, to 14,529.20.
According to pivot charts, the key support levels for the Nifty are placed at 14,358.17, followed by 14,187.13. If the index moves up, the key resistance levels to watch out for are 14,809.87 and 15,090.53.
The tech-heavy Nasdaq index rallied in choppy trading on Friday, even as sentiment remained fragile after the index's worst performance in four months the day before as fears of rising inflation kept U.S. bond yields near a one-year high.
The Dow Jones Industrial Average closed 469.64 points lower, or 1.5%, to 30,932.37, the S&P 500 lost 18.19 points, or 0.48%, to 3,811.15 and the Nasdaq Composite added 72.91 points, or 0.56%, to 13,192.34.
Asian shares firmed on Monday as some semblance of calm returned to bond markets after last week's wild ride, while progress in the huge U.S. stimulus package underpinned optimism about the global economy.
MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1%, after shedding 3.7% last Friday. Japan's Nikkei rallied 2.0%, while NASDAQ futures bounced 0.8% and S&P 500 futures 0.7%.
Live Updates
- 1 March 2021 2:31 PM IST
Manufacturing activities slightly ease in February; firms upbeat on demand spike
The seasonally-adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) fell marginally to 57.5 in February from 57.7 in January, indicating that even though the pace of growth eased from January it remained sharp in the context of historical data.
- 1 March 2021 2:31 PM IST
Q3 GDP: Need more to say that India is really growing instead of recovering somehow to feeble single digit levels
The core sector represents 40 percent of the IIP and is quite a weak number when read along with the GDP numbers, as futuristic indicators of economic activity.
- 1 March 2021 2:31 PM IST
Mahindra & Mahindra share price up 3%, February tractor sales up 25% YoY
Tractor exports jumped 43 percent at 976 units against 684 units (YoY), the company said.
- 1 March 2021 2:30 PM IST
Burger King India has flexibility, freedom to take on other franchises: Everstone Group’s Sameer Sain
In a rare and exclusive interview, Sameer Sain, a former Goldman Sachs executive, weighs in on Burger King’s journey to D-street and the sceptics along the way, the firm’s growth strategy and rivalry with Dominoes, his bullishness on the clean energy segment and the REIT (real estate investment trust) opportunity. That’s not all. He also gives a reality check on the SPAC (special purpose acquisition company) craze on Wall Street.
- 1 March 2021 2:30 PM IST
TVS Motor Company share price gains 5% on February sales number
The company exported 1,01,789 units in February 2021, 23 percent more than 82,877 units in the year-ago period.
- 1 March 2021 8:50 AM IST
FII and DII data
Foreign institutional investors (FIIs) net sold shares worth Rs 8,295.17 crore, whereas domestic institutional investors (DIIs) net bought shares worth Rs 1,499.7 crore in the Indian equity market on February 26, as per provisional data available on the NSE.
- 1 March 2021 8:49 AM IST
RBI extends deadline to submit application for NPCI-like umbrella entity
The Reserve Bank of India has extended the deadline for submitting applications to set up a pan-India umbrella entity for retail payments similar to the National Payments Corporation of India (India). The new deadline is March 31. Stakeholders, including Indian Banks’ Association (IBA) had requested RBI to extend the deadline, which was to expire on February 26.
The central bank said: "Requests have been received from various stakeholders, including the IBA, for extending the timeline, keeping in view the covid-19 related disruptions and inconveniences. It has accordingly decided to extend the timeline for making the application up to March 31".
- 1 March 2021 8:49 AM IST
FPIs net buyers for 2nd consecutive month in February, invest Rs 23,663 crore
Remaining net buyers for second consecutive month in this calendar year, overseas investors pumped in Rs 23,663 crore in Indian markets in February on account of positive sentiment due to the Union Budget 2021-22 and strong third quarter earnings. Foreign portfolio investors (FPI) invested a net Rs 25,787 crore into equities but pulled out Rs 2,124 crore from the bonds market during February 1-26, the depositories data showed.
- 1 March 2021 8:48 AM IST
India's crude steel output grows 7.6% to 10 MT in January: Worldsteel
India registered a growth of 7.6 per cent in crude steel production at 10 million tonne (MT) in January 2021, according to World Steel Association (worldsteel). The country had produced 9.3 MT crude steel during the same month last year.
''The production for the 64 countries reporting to the worldsteel was 162.9 MT in January 2021, registering a 4.8 per cent increase compared to January 2020,'' the global industry body said in its latest report.
- 1 March 2021 8:48 AM IST
Eight core industries' output up 0.1% in January
The output of eight core infrastructure sectors grew marginally by 0.1 percent in January, mainly due to growth in the production of fertiliser, steel and electricity. The core sectors had expanded by 2.2 percent in January 2020, according to the provisional data released by the Commerce and Industry Ministry on Friday.
Coal, crude oil, natural gas, refinery products, and cement recorded negative growth in January.
