Market Live Updates Today: Trends on SGX Nifty indicate a cautious opening for the index in India with a 4 points gain.
The Indian stock market is expected to open flat as trends on SGX Nifty indicate a cautious opening for the index in India with a 4 points gain.
image for illustrative purpose
The Indian stock market is expected to open flat as trends on SGX Nifty indicate a cautious opening for the index in India with a 4 points gain.
The BSE Sensex fell 870.51 points or 1.74 percent to 49,159.32 on April 5 while the Nifty50 was down 229.60 points or 1.54 percent at 14,637.80. According to pivot charts, the key support levels for the Nifty are placed at 14,448.27, followed by 14,258.73. If the index moves up, the key resistance levels to watch out for are 14,838.57 and 15,039.33.
U.S. stocks rallied on Monday with the Dow and S&P 500 closing at record levels, as a round of strong economic data buoyed investor optimism for the economic reopening and a muted climb in the 10-year U.S. Treasury yield kept inflation worries in check.
Asian equities are poised to rise on Tuesday after the S&P 500 and Dow indexes set records as a streak of strong U.S. economic data fueled optimism even as a smaller-than-expected climb in 10-year Treasury notes eased inflation concerns.
Live Updates
- 6 April 2021 3:14 PM IST
RBI MPC status-quo on rates to continue
RBI, market need to be in sync on policy normalisation. The nascent economic growth and inflation dynamic warrant continued policy support from the RBI, especially when COVID-19 cases are rising at home.
- 6 April 2021 3:14 PM IST
RBI MPC status-quo on rates to continue
RBI, market need to be in sync on policy normalisation. The nascent economic growth and inflation dynamic warrant continued policy support from the RBI, especially when COVID-19 cases are rising at home.
- 6 April 2021 3:04 PM IST
Tata Communication Q4 PAT to Rs. 273 cr
Net Sales are expected to decrease by 2.1 percent Y-o-Y (up 2 percent Q-o-Q) to Rs. 4,306.5 crore, according to ICICI Direct.
- 6 April 2021 3:03 PM IST
Nickel may rally 30%, a crude 'super cycle' can push prices to $90 in FY22, says Navneet Damani of Motilal Oswal
After the rally, crude can take a breather in the short term but positives are likely to outweigh the negatives in the medium term and continue to lend support, says Damani.
- 6 April 2021 3:03 PM IST
Experts, industry bodies welcome pre-packed insolvency resolution process for MSMEs
The government had on April 4 amended the insolvency law by bringing in an ordinance that provides for a pre-packaged resolution process for micro, small and medium enterprises
- 6 April 2021 3:02 PM IST
Banks’ quarterly business update: Good deposit growth, focus on cheaper CASA but smaller banks struggle on loans
The pandemic along with aversion to risky wholesale loans has slowed down credit growth, while deposits have increased because of volatility in equity markets and other asset classes. The second wave of COVID-19 and the extent of lockdowns will shape the outlook.
- 6 April 2021 3:02 PM IST
PayPal, FlexiLoans.com to offer MSMEs, freelancers collateral-free term loans
The partnership will aim to offer MSMEs working capital for business expansion, purchasing stock, inventory, and other business-related
- 6 April 2021 3:01 PM IST
Adani Ports shares hit 52-week high on better business performance
The market share of the company in containers has increased to 41% of All India container volume in FY21.
- 6 April 2021 3:01 PM IST
New IMF reserves could fund vaccinations for low-, middle-income countries
The Rockefeller report said rich countries could reallocate their new Special Drawing Rights (SDRs) to quickly close the funding gap and get more people vaccinated around the world
- 6 April 2021 9:00 AM IST
FII and DII data
Foreign institutional investors (FIIs) net sold shares worth Rs 931.66 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 75.48 crore in the Indian equity market on April 5, as per provisional data available on the NSE.
