Market Live Updates Today: Trends on SGX Nifty indicate a gap-up opening for the index in India with a 164 points gain
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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 8:55 AM IST
Oil falls for fifth day after U.S. stockpile build
Oil prices dropped for a fifth day on Thursday after official data showed a sustained rise in U.S. crude and fuel inventories, while the ever-present pandemic clouded the demand outlook.
Brent crude was down 12 cents, or 0.2%, at $67.88 a barrel by 0119 GMT after dropping by 0.6% on Wednesday. U.S. oil was also down 12 cents, or 0.2%, at $64.48 a barrel, having fallen 0.3% the previous session.
