Market Live Updates Today: Trends on SGX Nifty indicate a flat opening for the index in India with 2 points gain
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The BSE Sensex gained 641.72 points, or 1.30 percent, to close at 49,858.24 on March 19, while the Nifty50 rose 186.10 points, or 1.28 percent, to 14,744. According to pivot charts, the key support levels for the Nifty are placed at 14,466.67, followed by 14,189.33. If the index moves up, the key resistance levels to watch out for are 14,904.77 and 15,065.53.
The Nasdaq ended mixed on Friday, lifted by Facebook and energy shares as U.S. Treasury yields took a break from a recent surge.
Asian markets were holding their nerve on Monday as a plunge in the Turkish lira tested risk appetite, with stocks and bonds showing only a limited bid for safe-havens. Japan's Nikkei fell 1.4%, not helped by talk Japanese retail investors could face losses on large long positions in the high-yielding lira.
Live Updates
- 22 March 2021 9:11 AM IST
FPIs net buyers at Rs 8,642 crore in March so far
Foreign portfolio investors (FPIs) have invested a net sum of Rs 8,642 crore in Indian markets so far in March.
According to depositories data, FPIs poured in Rs 14,202 crore into equities but pulled out Rs 5,560 crore from debt segment between March 1-19. This took the total net investment to Rs 8,642 crore.
- 22 March 2021 8:51 AM IST
Household debt soars to 37.1% of GDP, savings plunge 10.4% in Q2: RBI report
The year-long pandemic left households more indebted, which has sharply jumped to 37.1 per cent of GDP in Q2 of FY21, while their savings rate plunged to a low 10.4 per cent, according to latest data from the Reserve Bank.
The household savings plunged as the pandemic has led to tens of millions losing jobs and almost all forced to take deep pay-cuts, forcing them to borrow more or dip into their savings to meet expenses.
