Market Live Updates Today: Trends on SGX Nifty indicate a flat to positive opening for the index in India
The key support levels for the Nifty are placed at 14,256, followed by 14,170.7.
image for illustrative purpose
The Indian stock market is expected to open marginally higher as trends on SGX Nifty indicate a flat to positive start for the index in India with a 28 points gain.
The BSE Sensex fell 202.22 points to 47,878.45 on April 23 while the Nifty50 corrected 64.80 points to 14,341.40.
According to pivot charts, the key support levels for the Nifty are placed at 14,256, followed by 14,170.7. If the index moves up, the key resistance levels to watch out for are 14,443.9 and 14,546.5.
US stocks rallied on Friday, driving the S&P 500 to a near-record closing high, after factory data and new home sales underscored a booming economy while megacap stocks rose in anticipation of strong earnings reports next week.
Asian stocks rose for a third straight session on Monday as risk appetite was aided by recent data showing the world economic recovery from the coronavirus pandemic was well on track while the U.S. dollar loitered near two-month lows.
Live Updates
- 26 April 2021 2:48 PM IST
HCL tech to invest 1% of revenue to expand to other geographies, build capacity in new-gen services: CEO C Vijayakumar
The company, which reported $10.2 billion revenues in FY21, expects double-digit growth in FY22 but has refrained from providing any specific details on how it will achieve that growth. Instead, says CEO Vijayakumar, the focus is on bookings and execution.
- 26 April 2021 2:47 PM IST
Startup community stands up for India: How entrepreneurs, investors are helping in the fight against COVID-19
Do you want to help India deal with the COVID-19 second wave, from home? This is what some of India's startups and investors are doing, and you can contribute too.
- 26 April 2021 2:47 PM IST
Jaypee Infratech case: Banks, homebuyers to meet again on April 29 to discuss revised bids submitted by NBCC, Suraksha
The revised resolution plans with further changes are expected to be submitted by both the entities with the insolvency resolution professional Anuj Jain by April 28
- 26 April 2021 2:46 PM IST
Tamil Nadu to allow Sterlite to produce oxygen, bar on operating other units
The unit was sealed by the state government in May 2018, days after 13 agitators were killed in police firing during a violent anti-Sterlite protest in the southern district.
- 26 April 2021 2:46 PM IST
Porsche India reports 52% increase in sales at 154 units in January-March quarter
Early indications of a revitalised luxury market are seen with the company realising its best quarterly results in India in the last seven years, the automaker said in a statement.
- 26 April 2021 2:46 PM IST
COVID-19 vaccination centres in Mumbai: BMC shares full list
All the state, private as well as Municipal Corporation of Greater Mumbai (MCGM) centres are open and in all there are 94 COVID-19 vaccination centres now in Mumbai, as per the BMC list.
- 26 April 2021 9:05 AM IST
FII and DII data
Foreign institutional investors (FIIs) net sold shares worth Rs 1,360.76 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 1,695.59 crore in the Indian equity market on April 23, as per provisional data available on the NSE.
- 26 April 2021 9:05 AM IST
UK economy set to grow faster than the U.S. this year - Goldman
Britain looks set to see faster economic growth than the United States this year as the country races ahead with its vaccination programme after its slump in 2020, Goldman Sachs said on Sunday.
- 26 April 2021 9:04 AM IST
ICICI Bank Q4 profit spikes 261% to Rs 4,403 crore, net interest income grows 17%
Private sector lender ICICI Bank on April 24 clocked a massive 260.5 per cent year-on-year (YoY) growth in standalone profit at Rs 4,402.61 crore for quarter ending March 2021. The profit in the corresponding period last year stood at Rs 1,221.4 crore. The number was below the CNBC-TV18 poll estimates which pegged it at Rs 4,862.8 crore, partly due to higher tax cost.
Net interest income (NII), the difference between interest earned and interest expended, grew by 16.9 per cent to Rs 10,431.13 crore in Q4FY21, compared to Rs 8,926.9 crore in Q4FY20.
- 26 April 2021 9:03 AM IST
Indian rupee's fortunes depend on RBI's intent to prevent further weakness
The Indian rupee’s near-term fortunes may directly be influenced by the Reserve Bank of India’s intent on preventing any further depreciation in the currency as the surge in COVID-19 cases hits jobs and growth, economists and traders said.
“INR is likely to trade with a depreciating bias on the back of a stronger dollar, relatively weaker EM currencies, muted EM inflows and rising COVID-19 cases in India,” said Sameer Narang, chief economist at state-run Bank of Baroda.
