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 53 points gain
image for illustrative purpose
The benchmark indices ended at record closing high with the BSE Sensex climbing 393.83 points to 49,792.12 on January 20 while the Nifty50 jumped 123.50 points to 14,644.70.
According to pivot charts, the key support levels for the Nifty are placed at 14,552.63, followed by 14,460.57. If the index moves up, the key resistance levels to watch out for are 14,701.63 and 14,758.57.
U.S. stocks closed at record highs on Wednesday as Joe Biden was sworn in as the 46th U.S. president, while solid results from Netflix sparked a rally in shares of "stay-at-home" beneficiaries.
The Dow Jones Industrial Average rose 257.86 points, or 0.83%, to 31,188.38, the S&P 500 gained 52.94 points, or 1.39%, to 3,851.85 and the Nasdaq Composite added 260.07 points, or 1.97%, to 13,457.25.
Asian markets were set to rise on Thursday after U.S. stocks closed at record highs on hopes that newly inaugurated U.S. President Joe Biden would put in place further economic stimulus to offset damage wreaked by the COVID-19 pandemic.
Live Updates
- 21 Jan 2021 2:19 PM IST
Fuel-o-nomics: Check out the costs and taxes that add up to your fuel bill
With fuel prices scaling to new highs, check out how much you end-up paying in taxes and what’s the case in other countries.
- 21 Jan 2021 2:18 PM IST
Indigo Paints IPO Day 2: Public issue subscribed 3.8 times, retail portion booked 6 times
Over the past years, Indigo Paints has listed an organic CAGR of 27 percent versus the top-4 players' aggregate of 10 percent.
- 21 Jan 2021 2:17 PM IST
Bharat Road Network inks deal for sale of road project in Odisha
The company has executed a securities purchase agreement with Indian Highway Concessions Trust acting through its investment manager, for sale of the entirety of the company’s shareholding in Shree Jagannath Expressways Pvt Ltd, Bharat Road Network Ltd (BRNL) said in a regulatory filing.
- 21 Jan 2021 2:16 PM IST
Vodafone may sell small stake in Indus Towers to inject capital into Vi
Vodafone Idea had in 2020 sold 11.15 percent of its stake in Indus Towers for Rs 3,760 crore.
- 21 Jan 2021 2:16 PM IST
Renault India extends sales and service network, adds 120 facilities in 2020
The addition of 120 facilities is a part of Renault India's ambitious plan to reach across the country as the company will expand its product range and segment presence with soon-to-be-launched game-changer B segment SUV, Kiger, Renault India said in a release
- 21 Jan 2021 2:15 PM IST
Multibagger alert! 58 BSE 500 stocks jump over 100% during Sensex's journey from 40k to 50k
The Sensex hit 5,000 in 1999, took eight years to climb to 20,000 and 12 years after that to hit the 40,000-mark on May 23, 2019, in intraday trade. This time, it has taken the index less than two years to gallop another 10,000 points to hit the 50,000-mark.
- 21 Jan 2021 2:14 PM IST
Raymond board approves raising up to Rs 200 crore via NCD
"A meeting of the committee of board of directors of the company was held today i.e. on January 21, 2021. The committee of directors at the said meeting approved the issue of non-convertible debentures for an amount up to Rs 200 crore on private placement basis,” Raymond said in a regulatory filing.
- 21 Jan 2021 9:09 AM IST
FII and DII data
Foreign institutional investors (FIIs) net bought shares worth Rs 2,289.05 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 864.62 crore in the Indian equity market on January 20, as per provisional data available on the NSE.
- 21 Jan 2021 9:08 AM IST
CCI approves Flipkart's acquisition of 7.8% stake in Aditya Birla Fashion
The Competition Commission of India (CCI) on January 20 approved a Rs 1,500 crore deal between Aditya Birla Fashion and Flipkart, which allows the latter to acquire a minority stake of 7.8 percent in the Birla Group-linked entity.
"Commission approves acquisition of a 7.8% minority stake in Aditya Birla Fashion and Retail Ltd by Flipkart Investments Pvt Ltd," the CCI, which is India’s nodal anti-trust regulator, said in a social media update.
- 21 Jan 2021 9:08 AM IST
CCI approves Axis-Max Life deal
Fair trade regulator Competition Commission of India (CCI) on Wednesday said it has approved the stake acquisition in Max Life Insurance Company by Axis Bank, Axis Capital and Axis Securities. As per the combination notice filed with CCI, the shareholding of Axis Bank in Max Life will increase to approximately 9.9 per cent.
