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 8:51 AM IST
Bitcoin hits fresh high
Bitcoin continued gaining on Sunday, rising to a fresh high and extending a two-month rally that took its market capitalization above $1 trillion on Friday. The world’s most popular cryptocurrency rose to a record $58,354, taking its weekly gain to around 20%. It has surged around 100% this year.
- 22 Feb 2021 8:49 AM IST
States' GST revenue shortfall may be lower by up to Rs 40,000 crore this fiscal
The GST revenue shortfall faced by states is likely to reduce by about Rs 40,000 crore in the current fiscal on improved collections over the past four months, an official said. The sharp decline in GST collections was estimated to lead to Rs 1.80 lakh crore shortfall in GST revenues of states. This includes Rs 1.10 lakh crore revenue loss on account of GST implementation and Rs 70,000 crore on account of COVID-19 pandemic.
- 22 Feb 2021 8:48 AM IST
Oil gains as US production slowly returns after freeze
Oil prices rose on Monday as the slow return of US crude output that was cut by frigid conditions raised concerns about supply just as demand is coming back from the depths of the coronavirus pandemic.
Brent crude was up 76 cents, or 1.2%, at $61.67 a barrel by 0104 GMT, after gaining nearly 1% last week. U.S. oil rose 74 cents, or 1.3%, to $59.98 a barrel, having fallen 0.4% last week.
