Market Live Updates Today: Title: Trends on SGX Nifty indicate a flat opening for the index in India with a 25 points gain
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Sensex settled 31 points, or 0.06 percent, lower at 50,363.96 on March 16 and Nifty ended 19 points, or 0.13 percent, down at 14,910.45. According to pivot charts, the key support levels for Nifty are placed at 14,850.27, followed by 14,790.03. If the index moves up, the key resistance levels to watch out for are 15,011.17 and 15,111.83.
The S&P 500 ended lower on Tuesday, weighed down by energy and industrial stocks as investors awaited the result of the Federal Reserve's two-day policy meeting.
Asian stocks were set to open mostly lower on Wednesday following a sell-off in US stocks as investors awaited the Federal Reserve's meeting outcome. All eyes are on the US Fed whether the central bank will maintain near-zero interest rates amid the economy's post-pandemic recovery.
Live Updates
- 17 March 2021 8:58 AM IST
Suryoday Small Finance Bank IPO opens today
Suryoday Small Finance Bank will open its maiden public offer for subscription on March 17. This is the fourth small finance bank to launch an IPO, after AU Small Finance Bank, Ujjivan Small Finance Bank and Equitas Small Finance Bank.
Equity shares will get listed on the BSE and the National Stock Exchange. Axis Capital, ICICI Securities, IIFL Securities and SBI Capital Markets are the book running lead managers to the issue.
- 17 March 2021 8:57 AM IST
Indian state refiners prepare to cut May Saudi oil imports
Indian state refiners are preparing to cut oil imports from Saudi Arabia by about a quarter in May compared to average monthly purchases, two sources privy to the matter said, after the government asked them to cut dependence on Middle Eastern supplies.
- 17 March 2021 8:54 AM IST
Permission for new private banks to participate in govt business will be based on RBI guidelines: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Tuesday said in Parliament that permission to new private banks for conducting government-related business will be given under the RBI guidelines.
''Now, following the existing norms based on which several banks have been given permission to do the business. So, those rules as per the RBI guidelines be applied on newer banks and new private banks which approach the RBI,'' she said.
- 17 March 2021 8:53 AM IST
Sebi streamlines IPO process
Markets regulator Sebi on Tuesday put in place a uniform policy to streamline the reconciliation process among intermediaries with regard to initial public offers as well as a new mechanism to compensate investors.
The new framework would address issues related to delay in receipt of mandate by investors for blocking of funds due to systemic issues at intermediaries and failure to unblock the funds in cases of partial allotment by the next working day from the finalisation of Basis of Allotment (BOA), Sebi said in a circular.
