Market Live Updates Today: The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a positive opening for the index in India with a 14 points gain
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The Sensex and Nifty lost more than a percent in the week ended February 19, while BSE midcap and smallcap indices outperformed with gains of 0.63 and 1.23 percent, respectively. According to pivot charts, the key support levels for the Nifty are placed at 14,872, followed by 14,762.2. If the index moves up, the key resistance levels to watch out for are 15,117.8 and 15,253.8.
Stocks on Wall Street closed near break-even on Friday as investors sold technology shares that have rallied through the pandemic and rotated into cyclical stocks set to benefit from pent-up demand once the coronavirus pandemic is subdued.
Asian share markets inched higher on Monday as expectations for faster economic growth and inflation globally batter bonds and boost commodities, though rising real yields also make equity valuations look more stretched in comparison.
MSCI's broadest index of Asia-Pacific shares outside Japan added 0.1%, after easing from a record top late last week as the jump in U.S. bond yields unsettled investors. Japan's Nikkei recouped 1.0% and South Korea 0.4%, while E-Mini futures for the S&P 500 were a fraction firmer.
Live Updates
- 22 Feb 2021 2:29 PM IST
Dr Reddy's launches stomach, esophagus problems treatment drug in the US
The product is a therapeutic equivalent generic version of Prevacid SoluTab delayed release orally disintegrating tablets approved by the US Food and Drug Administration (USFDA).
- 22 Feb 2021 2:28 PM IST
Small business lender Kinara Capital secures $10 million from IndusInd Bank
This is part of a debt and equity round of Rs 100 crore, with equity contribution coming from Kinara’s existing investors Gaja Capital, GAWA Capital, Michael & Susan Dell Foundation and Patamar Capital, the fintech non-banking financial company said in a statement.
- 22 Feb 2021 2:28 PM IST
D-Street Buzz: PSU Banks, IT, auto fall but metals outshine; M&M, ITC, Tech Mahindra top losers
Only a sustainable breach of these crucial levels should be considered as a short-term trend reversal. On the flip side, 15,100 – 15,200 would be seen as immediate hurdles and any bounce towards this is most likely to get sold into, said Sameet Chavan of Angel Broking.
- 22 Feb 2021 2:27 PM IST
PLI scheme a path to Aatmanirbhar Bharat
Brokerage firm William O'Neil India pointed out PLI scheme of the government aims at providing incentives to the companies with a vision of making India a hub for manufacturing and exports.
- 22 Feb 2021 2:27 PM IST
Boeing calls for grounding of some 777s after Denver engine fire
United, Korean Air and Japan's two main airlines confirmed they had already suspended operations of 62 planes fitted with the same family of engine which scattered debris over Denver on February 20.
- 22 Feb 2021 2:27 PM IST
Rapido launches rental services for multi-point trips in six cities
Rapido Rental can be booked under selected package duration of one hour, two hours, three hours, four hours and six hours, and a dedicated 'Captain' (Rapido driver partner) will be available with the customer throughout the trip, it said in a statement.
- 22 Feb 2021 8:54 AM IST
Stocks under F&O ban on NSE
Four stocks - BHEL, Canara Bank, Vodafone Idea and SAIL - are under the F&O ban for February 22. 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.
- 22 Feb 2021 8:53 AM IST
FII and DII data
Foreign institutional investors (FIIs) net bought shares worth Rs 118.75 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 1,174.98 crore in the Indian equity market on February 19, as per provisional data available on the NSE.
- 22 Feb 2021 8:53 AM IST
FPIs invest Rs 24,965 crore in February so far
Continuing their buying spree, foreign portfolio investors (FPIs) invested Rs 24,965 crore in Indian markets in February so far as various organisations predicted high economic growth for the country and the Union Budget boosted investor sentiment.
According to depositories’ data, FPIs pumped in Rs 24,204 crore into equities and Rs 761 crore in the debt segment, taking the total net investment to Rs 24,965 crore during February 1-19.
- 22 Feb 2021 8:52 AM IST
Forex reserves down by $249 million to $583.697 billion
The country's foreign exchange reserves fell by $249 million to $583.697 billion in the week ended February 12, RBI data showed on Friday. In the previous week, the reserves had declined by $6.24 billion to stand at $583.945 billion. It had touched a record high of $590.185 billion in the week ended January 29, 2021.
In the reporting week, the decrease in reserves was mainly due to a fall in the foreign currency assets (FCAs), a major component of the overall reserves. FCAs decreased by $1.387 billion to $540.951 billion, weekly data by the Reserve Bank of India (RBI) showed.
