Market Live Updates Today: Trends on SGX Nifty indicate a flat to positive opening for the index in India.
The Indian stock market is expected to open flat as trends on SGX Nifty indicate a flat to positive start for the index in India. On February 15, the BSE Sensex rose 609.83 points or 1.18 percent to 52,154.13, while the Nifty50 jumped 151.40 points or 1 percent to 15,314.70.
image for illustrative purpose
According to pivot charts, the key support levels for the Nifty are placed at 15,258.67, followed by 15,202.63. If the index moves up, the key resistance levels to watch out for are 15,355.47 and 15,396.23.
Global shares held firm on Tuesday, with a solid foundation in place to extend their bull run to a 12th consecutive session as optimism about the global economic recovery and expectations of low interest rates drive investments into riskier assets.
MSCI's broadest index of Asia-Pacific shares outside Japan ticked up 0.1% while Japan's Nikkei rose 0.4% to a 30-year high.
The mainland Chinese markets will remain closed for Lunar New Year through Wednesday while Wall Street was also closed on Monday.
S&P500 futures traded 0.5% higher to a record level and MSCI's all country world index (ACWI), which has risen every single day so far this month, ticked up slightly.
Live Updates
- 16 Feb 2021 2:31 PM IST
Nureca IPO day 2: Issue subscribed 9.1 times, retail portion booked 50 times
For Nureca IPO to sail through, the reserved portion of qualified institutional buyers has to get at least 90% subscription
- 16 Feb 2021 2:30 PM IST
Maruti Suzuki top automaker in 2020, claims 50% of all passenger vehicle sales
In terms of demographics, total sales share from rural markets has jumped to 41 percent from 35 percent.
- 16 Feb 2021 2:30 PM IST
Info Edge shares fall 5% even as CLSA raises target price
We raise the target to factor in an improved long-term growth outlook. Target raised also due to higher valuation for its stake in Zomato & Policybazaar, CLSA said.
- 16 Feb 2021 2:29 PM IST
Tops Grup case: ED summons actor Armaan Jain again for questioning
The Enforcement Directorate is investigating if Jain had business dealings with Vihang Sarnaik, the son of Shiv Sena MLA Pratap Sarnaik. The investigative agency is probing a contract given to the Tops Grup for security services by the Mumbai Metropolitan Region Development Authority.
- 16 Feb 2021 2:29 PM IST
Varun Beverages share price declines 5% post Q4 numbers
The share touched its 52-week high Rs 1,065.90 and 52-week low Rs 485.05 on 11 January, 2021 and 23 March, 2020, respectively.
- 16 Feb 2021 10:04 AM IST
2 stocks under F&O ban on NSE
BHEL and SAIL are under the F&O ban for February 16. 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.
- 16 Feb 2021 10:03 AM IST
FII and DII data
Foreign institutional investors (FIIs) net bought shares worth Rs 1,234.15 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 1,048.55 crore in the Indian equity market on February 15, as per provisional data available on the NSE.
- 16 Feb 2021 10:03 AM IST
Results on February 16
Nestle India, Varun Beverages, R Systems International, Schaeffler India, Advent Computer Services and GM Polyplast will announce their quarterly earnings on February 16.
- 16 Feb 2021 10:02 AM IST
FinMin releases weekly instalment of Rs 6,000 crore to states to meet GST shortfall
The finance ministry on Monday released the 16th instalment of Rs 6,000 crore to states to meet the GST compensation shortfall, taking the total amount released so far to Rs 95,000 crore.
Till now, 86 percent of the total estimated GST compensation shortfall has been released to the states and Union Territories (UTs) with legislative assembly.
Out of this, an amount of Rs 86,729.93 crore has been released to the states and Rs 8,270.07 crore to the three UTs with legislative assembly (Delhi, Jammu and Kashmir, Puducherry).
- 16 Feb 2021 10:02 AM IST
Economic activity on verge of normality, GDP to grow 13.5% in FY22: Nomura
Economic activity is on the "verge of normality" after getting severely hit by COVID-19 and Indian GDP will grow at 13.5 percent in FY22, a Japanese brokerage said on Monday. The Nomura India Business Resumption Index (NIBRI) picked up to 98.1 (provisionally) for the week ending February 14, from 95.9 in the preceding week, Nomura said.
The economic impact of the pandemic is set to lead the country's GDP to contract by 7.7 percent in FY21, and the RBI expects the GDP to jump by 10.5 percent in FY22. The brokerage said it expects the real GDP to contract by 6.7 percent in FY21, followed by a growth of 13.5 percent in FY22.
