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 97-point gain.
The BSE Sensex rallied 749.85 points, or 1.53 percent, to 49,849.84 on March 1 while the Nifty50 climbed 232.30 points or 1.60 percent.
image for illustrative purpose
The BSE Sensex rallied 749.85 points, or 1.53 percent, to 49,849.84 on March 1 while the Nifty50 climbed 232.30 points or 1.60 percent.
According to pivot charts, the key support levels for the Nifty are placed at 14,664.4, followed by 14,567.3. If the index moves up, the key resistance levels to watch out for are 14,832.7 and 14,903.9.
The S&P 500 surged on Monday in its strongest one-day gain since June as bond markets calmed after a month-long selloff, while another COVID-19 vaccine getting U.S. approval and fiscal stimulus bolstered expectations of a swift economic recovery.
The Dow Jones Industrial Average surged 1.95% to end at 31,535.51 points, while the S&P 500 gained 2.38% to 3,901.82. The Nasdaq Composite jumped 3.01% to 13,588.83.
Asian shares are poised to rally on Tuesday as a halt in a recent bond markets sell-off calmed investor's nerves and lifted riskier assets, although oil prices were on the defensive on fears of slowing Chinese energy consumption.
Trends on SGX Nifty indicate a positive opening for the index in India with a 97 points gain. The Nifty futures were trading at 14,890 on the Singaporean Exchange around 07:15 hours IST.
Live Updates
- 2 March 2021 2:44 PM IST
ATS Infrastructure launches project management consultancy to assist developers in completing stalled projects
The consultancy targets to acquire over 18 stalled and delayed projects under residential and commercial segments over the next five years.
- 2 March 2021 2:44 PM IST
Indian regulator proposes stricter rules on independent directors
The current process gives a company's promoters, or main backers, "significant influence" on the appointment and removal of independent directors and undermines independent directors' ability to take differing views from promoters, SEBI said in its proposal.
- 2 March 2021 2:43 PM IST
Delhi govt suspends subsidy on Tata Nexon EV for 'sub-standard' driving range
Delhi Transport minister Kailash Gahlot on Monday said several users had complained of "sub-standard" driving range offered by the Nexon electric vehicle (EV).
- 2 March 2021 2:42 PM IST
Kotak Mahindra Bank reduces home loan interest rate to 6.65% till March 31
Kotak Mahindra Bank said this is a special rate that is applicable till March 31, 2021, across all loan accounts.
- 2 March 2021 2:42 PM IST
J&J CEO Alex Gorsky sees COVID-19 shots in American arms in 1-2 days as shipping starts
Gorsky said J&J was confident that its vaccine would have a 'robust response' against these emerging variants, based on its clinical trial in countries including South Africa and Brazil where worrisome variants were circulating.
- 2 March 2021 2:41 PM IST
Walmart-owned Flipkart in talks to add Cleartrip to its shopping cart
Most large ecommerce players like Flipkart, Amazon and Paytm want to embrace the super-app strategy and be present in every business segment, be it retail, food delivery, payment services and travel. From that vantage online travel aggregator Cleartrip makes sense for Flipkart.
- 2 March 2021 2:41 PM IST
RBI remains net buyer of US dollar in December, buys $10.014 billion
In November 2020, it was net buyer of the US dollar after it had purchased $14.289 billion and sold $4.028 billion.
- 2 March 2021 9:03 AM IST
FII and DII data
Foreign institutional investors (FIIs) net bought shares worth Rs 125.15 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 194.88 crore in the Indian equity market on March 1, as per provisional data available on the NSE.
- 2 March 2021 9:02 AM IST
Bank credit demand may almost double to 9-10% in FY22: Report
On the back of timely government and regulatory measures this fiscal, which helped the economy to recover faster than expected, bank credit is seen growing 400-500 bps to 9-10 percent in the next financial year, according to a report.
In the current fiscal, bank credit is expected to rise 4-5 percent despite the sharpest contraction in the economy since Independence. As per the Crisil report, the economy is likely to grow at 11 percent in FY22.
- 2 March 2021 9:01 AM IST
NSE glitch: Sebi forms panel to strengthen interoperability
The Securities and Exchange Board of India (Sebi) held a meeting of stock exchanges and clearing corporations on March 1 to discuss measures to strengthen the interoperability mechanism, which many market participants said had collapsed last week.
“Sebi has held the meeting to discuss possible resolutions to handle situations similar to the ones that occurred last week where exchange and clearing corporation operations were halted due to some technical reasons hence interoperability was also not working.
