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.
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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 9:02 AM IST
Finance Ministry relaxes spending norms to boost capital expenditure
In a bid to boost the economy grappling with the fresh COVID-19 wave, the Finance Ministry has relaxed the spending guidelines to enable ministries and departments to undertake capital expenditure totalling Rs 44,000 crore envisaged in the budget for 2021-22.
According to an office memorandum (OM) issued by the Finance Ministry on Thursday, the monthly/quarterly expenditure plan (MEP/QEP) ceilings and restrictions will not apply for expenditure under the capital heads under the budget.
