Market Live Updates Today: Trends on SGX Nifty indicate a gap-down opening for the index in India
The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a gap-down opening for the index in India.
image for illustrative purpose
The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a gap-down opening for the index in India.
The BSE Sensex was down 243.62 points to close at 47,705.80 on April 20 while the Nifty50 fell 63.10 points to 14,296.40. According to pivot charts, the key support levels for the Nifty are placed at 14,160.13, followed by 14,023.87. If the index moves up, the key resistance levels to watch out for are 14,479.83 and 14,663.27.
Wall Street rebounded on Wednesday after a two-day decline in a broad rally as a tilt toward stocks poised to benefit from a recovering economy offset Netflix Inc's sell-off after its disappointing results a day earlier.
Asian markets rose in Thursday's morning trade following an overnight bounce on Wall Street. The Nikkei 225 jumped 1.2% in early trade. The Topix index gained 1.13% while the South Korea's Kospi advanced 0.41%.
Live Updates
- 22 April 2021 2:55 PM IST
India committed to decarbonising its economy as responsible global citizen: Dharmendra Pradhan
The incremental requirement of India's energy will come from renewable energy, he said and referred to the recent announcement of Prime Minister Narendra Modi that by 2030, India's energy basket would have 40 percent of its needs from the renewable sector.
- 22 April 2021 2:54 PM IST
Foreign investors turn net sellers in Indian stocks after 6 months; will the trend continue
Data from NSDL shows FPIs have taken out Rs 7,041 crore from Indian equities in April so far. In net terms, FPIs have taken out Rs 4,852 crore from the Indian financial market this month so far.
- 22 April 2021 2:54 PM IST
Real estate projects may get delayed; cash flow issues likely to increase
Real estate may face more pain than last year, when the government and the central bank had stepped in for support, but residential property prices may rise as the stress reduces supply, and demand in small cities may increase because of remote working.
- 22 April 2021 2:54 PM IST
L&T construction bags order from Oilfields Supply Company Saudi
The company did not provide value of the contracts but said the orders fall under "significant" category which ranges between Rs 1,000 crore and Rs 2,500 crore as per its classification of contracts.
- 22 April 2021 2:53 PM IST
Rakesh Jhunjhunwala says markets see second COVID-19 surge as a 'blip in time'
March 2020 was the biggest opportunity I have seen in my life, says Rakesh Jhunjhunwala.
- 22 April 2021 2:53 PM IST
Oxygen shortage
As industries divert oxygen to hospitals, worries have arisen over how long they will be able to do so without hurting production, and possibly affecting livelihoods
- 22 April 2021 9:11 AM IST
FII and DII data
Foreign institutional investors (FIIs) net sold shares worth Rs 1,082.33 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 1,323.01 crore in the Indian equity market on April 20, as per provisional data available on the NSE.
- 22 April 2021 9:10 AM IST
Localised lockdowns already hitting economic activities
With the pandemic caseload remaining over 2.5 lakh for the second day, a report has warned of the grim economic scenario as with even limited restrictions on people's movement and some businesses, power consumption and e-way GST bill collections are already down.
The report has also called for speeding up the vaccination drive that of late has been on the decline on a weekly basis.
The country's exports are reviving and the shipments are expected to be in the "solid" positive territory in this financial year, Commerce Secretary Anup Wadhawan said on Tuesday. He said that exports recorded a significant contraction in April last year but gradually things started improving and the shipments have entered the positive territory.
- 22 April 2021 9:05 AM IST
FPIs stock holding value soars by $105 billion in September-March
The value of the foreign portfolio investors' (FPI) holdings in the domestic equities reached a record USD 555 billion in 2020-21, a whopping USD 105 billion growth between September 2020 and March 2021, according to a report.
As against this, the value of the domestic institutional investors at USD 203 billion was not even half, according to the data compiled by Bank of America (BofA) Securities.
FPIs have put in more money into the markets since then, having invested net USD 7.2 billion till April 16 (Year-To-Date 2021), making the country the only market that has seen net positive inflows in the year, despite a dip in March when it slowed to USD 1.4 billion from USD 3.5 billion in February and USD 2.2 billion in January.
- 22 April 2021 9:02 AM IST
Oil slips on COVID-19, data woes
Oil prices continued to be weighed down by rising COVID-19 cases in Asia. U.S. crude fell 2.49% to $61.11 per barrel and Brent was at $65.07, down 2.25% on the day.