Market Live Updates Today: Trends on SGX Nifty indicate a flat opening for the index in India with a 16 points loss
The Indian stock market is expected to open on a cautious note as trends on SGX Nifty indicate a flat opening for the index in India with a 16 points loss
image for illustrative purpose
The Indian stock market is expected to open on a cautious note as trends on SGX Nifty indicate a flat opening for the index in India with a 16 points loss.
The BSE Sensex crossed the psychological 50,000 mark for the first time on January 21 but closed the session 167.36 points lower at 49,624.76, while the Nifty50 ended at 14,590.40, down 54.30 points after hitting a life high of 14,753.55.
According to pivot charts, the key support levels for the Nifty are placed at 14,487.17, followed by 14,384.03. If the index moves up, the key resistance levels to watch out for are 14,723.47 and 14,856.63.
The S&P 500 and Nasdaq closed at record highs on Thursday, propelled by optimism about more pandemic relief under the Biden administration to support the economy after data showed a tepid labor market recovery.
The Dow Jones Industrial Average fell 12.37 points, or 0.04%, to 31,176.01, the S&P 500 gained 1.22 points, or 0.03%, to 3,853.07 and the Nasdaq Composite added 73.67 points, or 0.55%, to 13,530.92.
Asian Markets
Asian shares eased from record highs on Friday as investors took some money off the table after a recent rally that was driven by hopes a massive U.S. economic stimulus plan by incoming President Joe Biden will help temper the COVID-19 impact.
MSCI's broadest gauge of Asia Pacific stocks outside of Japan was off 0.2% at 722.49 points, a whisker away from its all-time high of 727.31 touched on Thursday. Australia's benchmark index was down 0.2% while Japan's Nikkei eased 0.4%.
Live Updates
- 22 Jan 2021 12:58 PM IST
Indigo Paints IPO Final Day: Issue subscribed 11 times, HNIs portion booked 14 times
As on date, Indigo Paints is a relatively small player with a 2 percent market share but its profit has grown significantly at nearly 4x in the last 3 years.
- 22 Jan 2021 12:57 PM IST
Apple, Google, other US business groups applaud Joe Biden's immigration reforms
On the day one of his presidency on Wednesday, Biden sent a comprehensive immigration bill to Congress which proposes major overhauls to the system, including granting legal status and a path to citizenship to tens of thousands of undocumented immigrants and other groups and reduce the time that family members must wait outside the US for green.
- 22 Jan 2021 12:57 PM IST
CBI registers case against Cambridge Analytica, Global Science Research for illegal data harvesting
The CBI has booked UK-based Cambridge Analytica and Global Science Research Ltd for illegally harvesting data of Facebook users in India for commercial purposes
- 22 Jan 2021 12:56 PM IST
KEC International Q3 PAT may dip 8.1% YoY to Rs. 133.2 cr: Yash Securities
Net Sales are expected to increase by 7.1 percent Y-o-Y (up 1 percent Q-o-Q) to Rs. 3,289.9 crore, according to Yash Securities.
- 22 Jan 2021 12:55 PM IST
Budget 2021: India Ratings expects government to focus on demand-side measures
The absence of adequate demand may jeopardise the recovery and may even lead to a second-round impact, Ind-Ra said in a report.
- 22 Jan 2021 12:55 PM IST
Bharat Biotech's Covaxin found to be safe, induced immune response in Phase-1
The overall incidence of 'adverse events' in the study was 14–21 percent in all vaccine-treated groups. The company says the incidence of adverse events are noticeably lower than the rates for other SARS-CoV-2 vaccine platform candidates.
- 22 Jan 2021 12:54 PM IST
Larsen and Toubro Q3 PAT may dip 2% YoY to Rs. 2,118 cr: Yash Securities
Net Sales are expected to increase by 3.7 percent Y-o-Y (up 21.1 percent Q-o-Q) to Rs. 37,595.1 crore, according to Yash Securities.
- 22 Jan 2021 9:20 AM IST
FII and DII data
Foreign institutional investors (FIIs) net bought shares worth Rs 1,614.66 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 1,039.48 crore in the Indian equity market on January 21, as per provisional data available on the NSE.
- 22 Jan 2021 9:20 AM IST
European Central Bank keeps stimulus programs on track
With more than a trillion euros in stimulus still in the pipeline to the economy, the European Central Bank left its key bond-purchase program unchanged Thursday as the 19-country eurozone endures a winter economic slowdown due to the pandemic.
Attention will focus on post-decision remarks by bank President Christine Lagarde about the outlook for the recovery in the 19 countries that use the euro currency. The ECB faces potential concerns over political turbulence in heavily indebted Italy, where the government survived a confidence vote this week, and over the stronger euro, which can weigh on exports and growth.
- 22 Jan 2021 9:19 AM IST
US jobless claims decline to a still-high 900,000
Fewer Americans applied for unemployment benefits last week, lowering claims to 900,000, still a historically high level that points to further job cuts in a raging pandemic.
The Labor Department's report Thursday underscored that President Joe Biden has inherited an economy that faltered this winter as virus cases spiked, cold weather restricted dining and federal rescue aid expired. The government said that 5.1 million Americans are continuing to receive state jobless benefits, down from 5.2 million in the previous week. That signals that fewer people who are out of work are finding jobs.
