Market Live Updates Today: Trends on SGX Nifty indicate a flat opening for the index in India with a 6 points gain
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 6 points gain.
image for illustrative purpose
Sensex closed 458 points, or 0.92 percent, higher at 50,255.75 on February 3 and Nifty closed with a gain of 142 points, or 0.97 percent, at 14,789.95. According to pivot charts, the key support levels for the Nifty are placed at 14,619.87, followed by 14,449.73. If the index moves up, the key resistance levels to watch out for are 14,914.47 and 15,038.93.
The Dow and S&P 500 rose slightly on Wednesday, registering a third straight session of gains, with Alphabet Inc's shares hitting a record high following its strong quarterly results.
Asian stocks came under pressure on Thursday as a mixed Wall Street session gave investors few immediate reasons to increase their risk positions following the recent social media-driven trading chaos.
Stay Tuned For More Live Updates
Live Updates
- 4 Feb 2021 8:48 AM IST
Mpowered seeks SEBI approval to set up AIF for retail investors
Gurgram-based asset management startup Mpowered has sought the Securities and Exchange Board of India (SEBI) approval for setting up an alternative investment fund (AIF) which will allow retail investors to invest in commercial real estate for a promised return.
- 4 Feb 2021 8:47 AM IST
SEBI bars Future Group’s Kishore Biyani from accessing securities market for a year
Capital markets regulator SEBI barred billionaire Kishore Biyani, three others and related enterprises of his Future Group from accessing the securities market for a year. The Securities and Exchange Board of India (SEBI) passed an order in connection with an insider trading case in 2017 when a few companies of the Future Group were being restructured.
- 4 Feb 2021 8:46 AM IST
Slower consolidation to constrain India's fiscal strength over medium term: Moody's
Rating agency Moody's on Wednesday India's fiscal deficit projections are higher than expected and slower consolidation will constrain its fiscal strength over the medium term. The US-based agency said it expects India's nominal GDP growth to rise to closer to 17 percent in fiscal 2021, higher than 14.4 percent projected in the Budget.
- 4 Feb 2021 8:46 AM IST
Railways' revenue declined by Rs 36,993 crore in 2020 due to pandemic: Govt
The railways' revenue in 2020 declined by Rs 36,993 crore as compared to the previous year due to the adverse impact of the COVID-19 pandemic, Railway Minister Piyush Goyal informed Parliament on Wednesday.
"Total traffic revenue of railways in the current year to end of December 2020 has declined by Rs 36,993.82 crore compared to corresponding period of last year. Out of this, Rs 32,768.97 crore is on account of decline in passenger revenues during this period," he said. The minister also provided a list of losses incurred by zonal railways.
