Market Live Updates Today: The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a negative opening for the index in India with a 107 points loss.
image for illustrative purpose
The BSE Sensex climbed 307.82 points to 48,176.80 on January 4 while the Nifty50 rallied 114.40 points to 14,132.90. According to pivot charts, the key support levels for the Nifty are placed at 14,008.47, followed by 13,884.03. If the index moves up, the key resistance levels to watch out for are 14,202.67 and 14,272.43.
Shares on Wall Street closed sharply lower on Monday, sliding from all-time peaks on the first trading day of the year, as risk appetite ebbed amid upcoming runoff elections in Georgia and the persistent surge in coronavirus cases.
Oil prices slipped from multi-month highs to end more than 1% lower on the first trading day of the year after OPEC+ failed to decide on Monday whether to increase output in February and agreed to meet again on Tuesday.
Brent futures settled 71 cents, or 1.4%, lower at $51.09 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 90 cents, or 1.9%, to settle at $47.62.
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Live Updates
- 5 Jan 2021 2:26 PM IST
Global leaders hail India's scientific innovation, decisive action to combat COVID-19
The Drug Controller General of India on Sunday approved the Oxford COVID-19 vaccine Covishield, manufactured by the Serum Institute and indigenously developed Covaxin of Bharat Biotech, for restricted emergency use in the country, paving the way for a massive inoculation drive.
- 5 Jan 2021 2:25 PM IST
Average prices for residential segment increased by around 1% in Q4 2020: Magicbricks PropIndex
Prices in Mumbai Metropolitan Region and Ahmedabad rose by around 1% and 1.4%, respectively; Prices in the Delhi NCR remained flat in Q42020
- 5 Jan 2021 2:24 PM IST
Tech Mahindra partners with College of Military Engineering, Pune for defence solutions
CME will leverage the partnership to address critical military problem statements and be future-ready using next-generation technologies of Artificial Intelligence (AI) and Robotics, a statement said.
- 5 Jan 2021 2:24 PM IST
At least 15 IPOs in the pipeline for 2021; 6 likely in January alone
Companies such as Indigo Paints, Home First Finance Company, IRFC, Brookfield REIT and Railtel Corporation of India are expected to launch their IPO in January
- 5 Jan 2021 2:23 PM IST
Videocon Industries lenders, 12 other group companies to meet today under IRP
"The 20th meeting of the consolidated committee of creditors (CoC) of Videocon Industries Ltd and other 12 Videocon group companies, having a consolidated corporate insolvency resolution process, is scheduled to be held on Tuesday, January 5,” the firm said in a regulatory filing.
- 5 Jan 2021 2:22 PM IST
Speedy distribution of COVID-19 vaccine a major challenge for global govts: WHO experts
This daunting challenge is not only for India but also for all the governments across the globe as they start inoculating their populations to tackle the pandemic, noted Dr Soumya Swaminathan, Chief Scientist of WHO, and Dr Hamsadvani Kuganantham, Consultant, WHO.
- 5 Jan 2021 9:08 AM IST
Podcast app Breaker to be acquired by Twitter
Breaker said on its blog here that people can now transfer their subscriptions to other podcast listening apps like those offered by Apple Inc and Spotify.
- 5 Jan 2021 9:07 AM IST
S&P 500, Dow tumble from record highs on nerves over Georgia runoff elections
The Dow Jones Industrial Average fell 562.60 points, or 1.84%, to 30,043.88, the S&P 500 lost 62.89 points, or 1.67%, to 3,693.18, and the Nasdaq Composite lost 187.31 points, or 1.45%, to 12,700.71.
- 5 Jan 2021 9:07 AM IST
Digital lending startups face image crisis as borrowers cry coercive collection tactics by some app-based lenders
The industry association has pointed out that most of such entities are unregulated, unscrupulous players who need to be barred by the RBI. However, it admits that some course correction is required for startups themselves as well.
- 5 Jan 2021 9:06 AM IST
Vietnam buys Indian rice for first time in decades: Industry officials
The purchases highlight tightening supplies in Asia, which could lift rice prices in 2021 and even force traditional buyers of rice from Thailand and Vietnam to switch to India - the world’s biggest exporter of the grain.
