Market Live Updates Today: Trends on SGX Nifty indicate a flat opening for the index in India with a 2 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 2 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 2 points loss.
Nifty rose 2.33 percent to close at 14,845.10 on March 30 the biggest level seen since March 16, 2021, while the BSE Sensex posted 1,128.08 points gains, the 14th biggest one-day rally, to end the session above the psychological 15,000-mark at 50,136.58.
All sectoral indices closed in the green. Nifty IT, Metal, Pharma and FMCG marked the biggest gains among sectors, rising 2.9 percent, 2.79 percent, 2.72 percent and 2.25 percent, respectively.
The Dow Jones Industrial Average fell 104.41 points, or 0.31 percent, to 33,066.96, the S&P 500 lost 12.54 points, or 0.32 percent, to 3,958.55 and the Nasdaq Composite dropped 14.25 points, or 0.11 percent, to 13,045.39.
Asian stocks were set to open higher on March 31, as global financial shares retraced some of their recent losses, driven in part by higher bond yields, and investors awaited a closely watched Chinese factory activity survey.
Live Updates
- 31 March 2021 2:32 PM IST
India may stumble to achieve target of carbon neutrality by 2050
India's per capita emissions are an eighth of those of the United States and less than a third of China's.
- 31 March 2021 2:31 PM IST
India supplies 25,000 doses of coronavirus vaccines to Palestine
Palestine rolled out the COVID-19 vaccine on March 21 after it received around 60,000 doses of Pfizer/BioNTech and AstraZeneca doses via the Covax scheme.
- 31 March 2021 2:30 PM IST
Chinese e-tailer Club Factory may invoke 'force majeure' after ban in India
Club Factory is of the view that the Indian government's ban on a number of Chinese apps in June 2020 was beyond the company's control.
- 31 March 2021 2:29 PM IST
Coronavirus Update: Eight states account for 84.73% of total single-day spike of COVID-19 cases in India
India recorded 53,480 fresh infections that pushed India's COVID-19 tally to 1,21,49,335, while 354 new fatalities took the death toll to 1,62,468, said the health ministry.
- 31 March 2021 9:15 AM IST
1 stock under F&O ban on NSE
SAIL is under the F&O ban for March 31. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.
- 31 March 2021 9:11 AM IST
FII and DII data
Foreign institutional investors (FIIs) net bought shares worth Rs 769.47 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 2181.01 crore in the Indian equity market on March 30, as per provisional data available on the NSE.
- 31 March 2021 9:10 AM IST
Oil falls as Suez Canal reopens
Oil prices slid more than 1 percent on March 30 as the Suez Canal reopened to traffic and the U.S. dollar rallied. Brent crude fell 84 cents, or 1.3 percent, to settle at $64.14 a barrel while West Texas Intermediate U.S. oil ended the session down $1.01, or 1.6 percent, at $60.55 barrel.
- 31 March 2021 9:06 AM IST
India's 2021 economic output likely to remain below 2019 level
India's economic output in 2021 is expected to remain below the 2019 level despite roll-out of the vaccine to deal with the menace of the coronavirus pandemic, said a report by the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) released on March 30.
India, according to the 'Economic and Social Survey of Asia and the Pacific 2021: Towards post-COVID-19 resilient economies', is estimated to record an economic growth of 7 percent in 2021-22, over a contraction of 7.7 percent witnessed in the previous fiscal on account of the pandemic's impact on normal business activity.
- 31 March 2021 9:05 AM IST
India's inflation 'uncomfortably high': Moody's Analytics
India's inflation is at "uncomfortably high" level, which is an exception among Asian economies, Moody's Analytics said on March 30. Higher fuel prices will keep upward pressure on retail inflation and keep the RBI from offering further rate cuts, said Moody's Analytics, a financial intelligence company.
Retail inflation rose to 5 percent in February, from 4.1 percent in January. The Reserve Bank mainly takes into account retail inflation while deciding on the monetary policy.
- 31 March 2021 8:57 AM IST
Govt proposes up to 25 percent tax concession on new vehicles if owners submit scrappage certificate
The Union government on March 30 issued a draft notification that proposes to offer up to 25 percent concession on motor vehicle tax for all vehicles purchased along with a certificate of vehicle scrapping.
As per the draft notification issued by the Ministry of Road Transport and Highways, personal vehicles purchased with a certificate of vehicle scrapping will be given a concession of 25 percent on motor vehicle tax, while commercial vehicles will be given a concession of 15 percent.
The tax concession will be for a period of eight years for commercial vehicles, while for personal vehicles the concession will be for a period of 15 years from the date of registration, the government said.
