Market Live Updates Today: The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a gap-down opening with a 281 points loss.
The S&P BSE Sensex climbed 257.62 points to 51,039.31 on February 25 while the Nifty50 gained 115.40 points at 15,097.40 levels.
image for illustrative purpose
The S&P BSE Sensex climbed 257.62 points to 51,039.31 on February 25 while the Nifty50 gained 115.40 points at 15,097.40 levels.
According to pivot charts, the key support levels for the Nifty are placed at 15,049.57, followed by 15,001.83. If the index moves up, the key resistance levels to watch out for are 15,160.77 and 15,224.23.
The Dow Jones Industrial Average closed 559.85 points lower, or 1.75%, to 31,402.01, the S&P 500 lost 96.09 points, or 2.45%, to 3,829.34 and the Nasdaq Composite dropped 478.54 points, or 3.52%, to 13,119.43.
Asian stocks opened sharply lower on Friday after Wall Street's main indexes tumbled, with technology-related stocks under pressure following a steep rise in benchmark U.S. Treasury yields.
Live Updates
- 26 Feb 2021 8:51 AM IST
Oil mixed, U.S. crude hits highest since 2019 as refineries restart
Oil prices were mixed on Thursday with U.S. crude edging up to its highest close since 2019 as Texas refineries restarted production after last week’s freeze, while Brent eased on worries that four months of gains will prompt producers to boost output.
Brent futures for April delivery fell 16 cents, or 0.2%, to settle at $66.88 a barrel. The April Brent contract expires on Friday. U.S. West Texas Intermediate (WTI) crude, meanwhile, ended 31 cents, or 0.5%, higher at $63.53, its highest close since May 2019.
- 26 Feb 2021 8:50 AM IST
Japan's January factory output rises for first time in three months
Japan’s industrial output rose for the first time in three months in January thanks to a pickup in global demand, in a welcome sign for an economy still looking to shake off the drag of the coronavirus pandemic.
Official data released on Friday showed factory output advanced 4.2% in January, boosted by sharp rises in production of electronic parts and general-purpose machinery, as well as a smaller increase in car output.
- 26 Feb 2021 8:50 AM IST
Sebi introduces framework to deal with technical glitches at stock exchanges
Markets regulator Securities and Exchanges Board of India (SEBI) has put out a comprehensive framework to deal with technical glitches at market infrastructure institutions (MIIs). As per a statement released by the regulator on February 25, MIIs should submit a detailed root cause analysis to SEBI in a time-bound manner after due vetting by the Technology Committee and Governing Board of the MII.
The framework proposes a monitoring mechanism for ensuring corrective action along with appropriate penalty wherever warranted.
- 26 Feb 2021 8:49 AM IST
16 new stocks set to trade in F&O market beginning today
Sixteen stocks are set to trade in the futures and options (F&O) market from the March series, starting tomorrow. The F&O list is close to about 146 stocks as of now and from tomorrow this number will be 156.
Alembic Pharmaceuticals, Alkem Laboratories, AU Small Finance Bank, City Union Bank, Deepak Nitrite, Granules India, Gujarat Gas, IRCTC, L&T Technology Services, L&T Infotech, Mphasis, Navin Fluorine, Nippon Life, Pfizer, PI Industries and Trent are the new entrants.
- 26 Feb 2021 8:49 AM IST
Retail loans to remain most affected due to pandemic: Moody's
Moody's Investors Service on Thursday said loans to retail customers, especially those to low-income borrowers, will remain most affected due to the shock caused by the coronavirus pandemic. Despite the pandemic challenges, asset quality at Indian banks has performed better than expected at the start of the outbreak, Moody's said.
"Corporate loans, in particular, have performed well because banks prior to the pandemic had largely provisioned for legacy problem loans and tightened underwriting standards," Moody's Vice President and Senior Credit Officer Srikanth Vadlamani said.
