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 9:05 AM IST
Govt taking steps to make India manufacturing, export powerhouse: Anurag Thakur
The government is taking requisite steps to make India a powerhouse for manufacturing and exports. Now, the manufacturing sector will be broad-based. We are expanding the domestic manufacturing base and diversifying international trade,” he said. He said the post-COVID world will be different and businesses have to adjust to disruptions.
- 5 Jan 2021 9:05 AM IST
Fiat Chrysler to invest $250 million in India unit to launch new SUVs
The investment will be made to locally manufacture a mid-size, three-row SUV, assemble the Jeep Wrangler and Jeep Cherokee vehicles in the country and launch a new version of its Jeep Compass SUV, FCA said in a statement
