Market Live Updates Today: Trends on SGX Nifty indicate a gap-down opening for the index in India with a 202 points loss.
image for illustrative purpose
The BSE Sensex rose 28.35 points to 48,832.03 on April 16 while the Nifty50 climbed 36.40 points to 14,617.90. The index shed 1.5 percent for the week and witnessed Doji kind of pattern formation on the weekly scale as well.
According to pivot charts, the key support levels for the Nifty are placed at 14,551.97, followed by 14,486.13. If the index moves up, the key resistance levels to watch out for are 14,690.67 and 14,763.53.
The Dow Jones Industrial Average rose 164.68 points, or 0.48%, to 34,200.67; the S&P 500 gained 15.05 points, or 0.36%, at 4,185.47; and the Nasdaq Composite added 13.58 points, or 0.1%, at 14,052.34.
Asian shares hovered near 1-1/2 week highs on Monday helped by expectations monetary policy will remain accommodative the world over, while COVID-19 vaccine rollouts help ease fears of another dangerous wave of coronavirus infections.
Live Updates
- 19 April 2021 3:00 PM IST
Second COVID-19 wave threatens aviation, retail, multiplex stocks; will it be 2020 all over again?
Airline stocks have come under pressure as several states announce new restrictions, while retail has been hit as fewer people are stepping out to make discretionary purchases.
- 19 April 2021 3:00 PM IST
Trujet has survived in the world’s toughest aviation market
The airline has been operating without many hitches for six years thanks to subsidy and other benefits of UDAN. It is betting on smaller jets to fend off competition from the likes of IndiGo.
- 19 April 2021 2:59 PM IST
Punjab & Sind Bank, Central Bank of India offer the lowest rates on car loans
The top ten cheapest car loan offers from banks range from 7-7.55 percent
- 19 April 2021 2:59 PM IST
COVID-19: PM Modi assures Madhya Pradesh of oxygen, Remdesivir supply
MP Chief Minister Shivraj Singh Chouhan had a telephonic conversation with Modi in the morning in connection with measures to check the spread of the viral infection, an official in the CMO said.
- 19 April 2021 2:58 PM IST
SBM Bank bets on tie-ups to grow India operations; not to add branches
SBM Bank India wants to grow its business through granular liabilities collection and booking fees by aiding in various banking transactions, its managing director and chief executive Sidharth Rath told said
- 19 April 2021 9:26 AM IST
FII and DII data
Foreign institutional investors (FIIs) net bought shares worth Rs 437.51 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 657.55 crore in the Indian equity market on April 16, as per provisional data available on the NSE.
- 19 April 2021 9:25 AM IST
Forex reserves surge by $4.34 billion to $581.21 billion
After declining for two consecutive quarters, the country’s foreign exchange (forex) reserves surged by $4.34 billion to $581.21 billion in the week ended April 9, according to the latest RBI data.
In the previous week ended April 2, the reserves had dipped by $2.42 billion to $576.28 billion. It had dropped by $2.99 billion to $579.28 billion in the week ended March 26, 2021.
- 19 April 2021 9:25 AM IST
NSE co-location case: Sebi slaps fines totalling Rs 18 lakh on two trading members
Markets regulator Sebi on Friday slapped fines totalling Rs 18 lakh on CPR Capital Services Ltd and PRB Securities Pvt Ltd for various violations with respect to using National Stock Exchange's co-location facility.
There were allegations of preferential access to Tick-By-Tick (TBT) data feed being given by the exchange to certain trading members, following which Sebi probed the matter. The two entities were among the trading members that were identified for comprehensive investigation for primary and secondary server connects.
- 19 April 2021 9:24 AM IST
NBFCs seek extension of MSME restructuring scheme until March 2022
Non-banking finance companies (NBFCs) have requested the Reserve Bank to extend the one-time restructuring scheme of MSME advances till March 31, 2022, as these players are unable to revive their businesses. In February last year, the Reserve Bank had permitted one-time restructuring of existing MSME advances, classified as 'standard' without downgrade in the asset classification subject to certain additional provisioning and other compliances.
- 19 April 2021 9:24 AM IST
Japan's exports post largest monthly gain since late 2017
Japan's exports posted their strongest growth in more than three years in March, led by a surge in China-bound shipments, in a sign the economic recovery from last year's deep coronavirus slump remains intact. However, the trade data is unlikely to completely ease worries about the fragile recovery of the world's third-largest economy, which took an enormous hit from a collapse in global trade due to the pandemic in the first quarter of 2020.
Ministry of Finance data showed on Monday exports surged 16.1% in March from a year earlier, marking the steepest rise since November 2017. That was better than an 11.6% jump expected by economists in a Reuters poll, and followed a 4.5% contraction in February.
