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 78 points gain.
image for illustrative purpose
Sensex was down 1,145 points, or 2.25 percent at 49,744.32 on February 22 while Nifty ended 306 points, or 2.04 percent lower at 14,675.70. According to pivot charts, the key support levels for the Nifty are placed at 14,537.1, followed by 14,398.5. If the index moves up, the key resistance levels to watch out for are 14,912.2 and 15,148.7.
The S&P500 and Nasdaq closed lower on Monday as climbing Treasury yields and prospects of rising inflation triggered valuation concerns, hitting shares of high-flying growth companies.
The Dow Jones Industrial Average ended 27.37 points higher, or 0.09%, to 31,521.69, the S&P 500 lost 30.21 points, or 0.77%, to 3,876.5 and the Nasdaq Composite dropped 341.42 points, or 2.46%, to 13,533.05.
Asian stocks dipped on Tuesday as rising US Treasury yields and inflation prospects led to a further rotation out of the big tech stocks responsible for a major Wall Street rally during the pandemic.
Live Updates
- 23 Feb 2021 1:47 PM IST
General Motors issues ultimatum to Talegaon factory workers: Accept separation package or face lawsuit
General Motors India sold the Maharashtra plant to China’s Great Wall Motors (GWM) but tensions between India and China delayed the completion of the deal.
- 23 Feb 2021 1:46 PM IST
India, US energy partnership supports sustainable development: Official
The US and India collaborate on natural gas, renewable energy, nuclear energy, clean coal technologies, smart grids, and unconventional and clean energy sources research for the benefit of our people now and in the future, State Department Spokesperson Ned Price told reporters on Monday at his daily news conference.
- 23 Feb 2021 1:46 PM IST
How ECS bounce charges snatched the loan moratorium relief
Each time the electronic clearance service request for loan EMI payment bounced, charges were levied by banks on customers
- 23 Feb 2021 1:45 PM IST
Reliance Industries: On a four-lane superhighway
The proposed reorganisation of the O2C business adds to the prospect of raising growth capital, which in turn will serve as a catalyst for the legacy growth engine of RIL
- 23 Feb 2021 1:45 PM IST
Bharti Airtel ties up with Qualcomm for 5G services in India
The country's second-largest telecom operator said it will use Qualcomm's 5G RAN platforms to roll out virtualized and open RAN-based 5G networks.
- 23 Feb 2021 1:44 PM IST
Centre’s divestment strategy: PM Narendra Modi, FM Nirmala Sitharaman to address webinar on implementation of Budget announcements
As a part of the 'Aatmanirbhar Bharat' package announced in May 2020, the government has lined key areas where bare minimum public sector undertakings will be maintained and the rest will be privatised.
- 23 Feb 2021 8:57 AM IST
4 stocks under F&O ban on NSE
BHEL, Canara Bank, Vodafone Idea and SAIL are under the F&O ban for February 23. 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.
- 23 Feb 2021 8:57 AM IST
FII and DII data
Foreign institutional investors (FIIs) net sold shares worth Rs 893.25 crore, whereas domestic institutional investors (DIIs) also sold shares worth Rs 919.88 crore in the Indian equity market on February 22, as per provisional data available on the NSE.
- 23 Feb 2021 8:56 AM IST
U.S. House budget panel approves $1.9 trillion COVID-19 aid bill
The U.S. House of Representatives Budget Committee on Monday approved legislation with $1.9 trillion in new coronavirus relief, advancing a top priority of President Joe Biden toward a full House vote on passage expected later this week.
The measure passed the panel on a largely party-line vote of 19-16, as the U.S. death toll from the coronavirus pandemic surpassed the grim benchmark of 500,000 victims. Millions more have been left jobless by the pandemic.
- 23 Feb 2021 8:55 AM IST
Heranba Industries raises Rs 187.5 crore from anchor investors ahead of IPO
Crop protection chemical manufacturer Heranba Industries on February 22 garnered Rs 187.50 crore from 18 anchor investors ahead of its intial public offering (IPO). The company in consultation with merchant bankers finalised allocation of 29,90,520 equity shares to anchor investors at Rs 627 per share, the higher end of price band.
The marquee anchor investors included Government Pension Fund Global, Jupiter India, Cohesion MK Best Ideas Sub-Trust, Dovetail India Fund, Societe Generale and Morgan Stanley.
