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.
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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 8:55 AM IST
P-notes investment slips to Rs 84,976 crore at January-end
Investment through participatory notes (P-notes) in the Indian capital market dipped marginally to Rs 84,976 crore as on January 31 after hitting 31-month high value at the end of the preceding month. At December-end, the investment through such instruments had risen to a 31-month high of Rs 87,132 crore, reflecting the bullish stance of FPIs, as per market experts.
- 23 Feb 2021 8:55 AM IST
Reliance announces O2C biz spin-off into 100% subsidiary
Reliance Industries (RIL) on February 23 said it has initiated the process of carving out its O2C business into an independent subsidiary. RIL said the management control of the 100 percent subsidiary will remain with itself.
- 23 Feb 2021 8:53 AM IST
Four brokers of ICEX under SEBI scanner for payment irregularities
The Securities and Exchange Board of India (SEBI) will launch a special audit of four brokers over alleged irregularities conducted in commodity derivatives contracts. The market regulator has ordered a special audit of these so-called market makers of the Indian Commodity Exchange (ICEX) Ltd.
The four broking firms have been identified as Gogia Capital Services limited, MSB e-trade Securities, Mauzampuria Securities Broking and Findoc Commodities.
- 23 Feb 2021 8:52 AM IST
SAT stays Sebi's order against HDFC Bank in BRH Wealth Kreators case
The Securities Appellate Tribunal (SAT) has stayed a Sebi order which imposed a fine of Rs 1 crore on HDFC Bank for invoking securities pledged by stock broker BRH Wealth Kreators, till further orders. Sebi had imposed the fine and also directed the bank on January 21 to transfer Rs 158.68 crore along with 7 per cent interest per annum into an escrow account till the issue of settlement of clients' securities is reconciled.
"The fact that the circulars have been violated or not and whether the securities have been rightly invoked by the appellant requires consideration," the tribunal said in an order dated February 19 while giving three weeks time to Sebi to file a reply.
- 23 Feb 2021 8:48 AM IST
Oil prices rise further
Oil prices rose again on Tuesday after a jump in the previous session, holding near a more than 13-month high as U.S. output was slow to return after a deep freeze in Texas shut in crude production last week.
Brent crude futures were up 28 cents, or 0.4%, at $65.52 a barrel by 0102 GMT, while U.S. crude oil rose 14 cents, or 0.2%, to $61.84 a barrel. Both benchmarks rose nearly 4% in the previous session.
