Market Live Updates Today: Trends on SGX Nifty indicate a gap-up opening for the index in India with a 164 points gain
image for illustrative purpose
The S&P BSE Sensex declined 562.34 points or 1.12 percent to close at 49,801.62 on March 17 while the Nifty50 dropped 189.20 points or 1.27 percent to 14,721.30. According to pivot charts, the key support levels for the Nifty are placed at 14,626.03, followed by 14,530.77. If the index moves up, the key resistance levels to watch out for are 14,886.53 and 15,051.77.
The US economy is heading for its strongest growth in nearly 40 years, the Federal Reserve said on Wednesday, and central bank policymakers are pledging to keep their foot on the gas despite an expected surge of inflation.
Asian stocks were set for modest gains on Thursday after the Federal Reserve pledged to keep monetary policy and rates unchanged and projected a rapid jump in U.S. economic growth this year as the COVID-19 crisis eases.
Live Updates
- 18 March 2021 4:16 PM IST
India’s first ‘legal’ brick-and-mortar sex store shuts shop due to lack of trade licence
Billed as India’s first ‘legal’ sexual wellness store , Kama Gizmos downed its shutters barely a month after its launch in Goa.
- 18 March 2021 4:15 PM IST
Oil drops for fifth straight day after US inventories rise
Brent crude was down 37 cents, or 0.5 percent, at $67.63 a barrel by 0535 GMT after dropping 0.6 percent on Wednesday. US oil was also down 32 cents, or 0.5 percent, at $64.28 a barrel, having fallen 0.3 percent the previous session.
- 18 March 2021 4:14 PM IST
India slips to last position globally in home price appreciation index: Knight Frank
India was the weakest-performing country in Q4 2020, with a decline of 3.6 percent YoY in home prices; 89 percent of countries and territories witnessed rise in prices in 2020.
- 18 March 2021 4:13 PM IST
RBI may have to delay liquidity normalisation amid rising virus cases
The Reserve Bank of India has repeatedly assured bond markets of ample liquidity being maintained to support the recovery, but in early January said it wanted to start restoring normal liquidity operations in a phased manner.
- 18 March 2021 4:13 PM IST
Regional airline Star Air beats bigger peers IndiGo, SpiceJet on passenger load
While the small airline may not be strictly comparable to its much larger peers, the development reiterates the shift towards regional connectivity in Indian aviation
- 18 March 2021 9:54 AM IST
1 stocks under F&O ban on NSE
Sun TV Network is under the F&O ban for March 18. 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.
- 18 March 2021 9:54 AM IST
FII and DII data
Foreign institutional investors (FIIs) net bought shares worth Rs 2,625.82 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 562.15 crore in the Indian equity market on March 17, as per provisional data available on the NSE.
- 18 March 2021 9:53 AM IST
Finance Ministry allows non-govt provident funds to invest up to 5% in AIFs
The Finance Ministry, in a gazette notification dated March 15, allowed privately managed provident, superannuation and gratuity funds to invest up to 5 per cent of their corpus in alternative investment funds (AIFs) such as SME Funds, Venture Capital Funds, Social Venture Capital Funds, and Infrastructure Funds.
In the notification, the Finance Ministry said that investments by privately managed PFs and others will only be allowed in AIFs with a corpus of at least Rs 100 crore. “The exposure to a single AIF shall not exceed 10 percent of the AIF Size. However, this limit would not apply to a Government sponsored AIF,” the notification stated.
- 18 March 2021 9:14 AM IST
India's domestic air traffic down 36.71% YoY at 7.8 million passengers in February
The month of February saw 7.8 million (78.27 lakh) passengers travelling by domestic flights in India, said a report released by the Directorate General of Civil Aviation (DGCA) on March 17. The numbers are 36.71 percent lower as compared to the corresponding period last year.
A marginal increase vis-a-vis January was recorded, as 7.7 million (77.34 lakh) passengers travelled by domestic flights in the past month. Cumulatively, a total of 155.61 lakh passengers travelled through domestic air routes in the last two months, lower than 251.50 lakh in January-February 2020.
- 18 March 2021 8:55 AM IST
Need stricter regulations for FDI in e-commerce, domestic retailers tell government
Demanding stricter regulations for the foreign direct investment (FDI) in the e-commerce sector, multiple industry bodies representing domestic retailers have asked the government to update the existing Press Note 2 (2018) which currently governs foreign investments.
At a meeting with the Department for Promotion of Industry and Internal Trade (DPIIT) on March 17, the Confederation of All India Traders (CAIT), the Retailers Association of India (RAI) and others have demanded that the government should stop e-marketplaces from selling inventory on a B2B basis that is purported to be sold by them on the platform. To do this, they asked DPIIT to clarify the definition of the inventory-based model and marketplace model to remove any ambiguity in the rules.
