Market Live Updates Today: Trends on SGX Nifty indicate a negative opening for the index in India with a 47 points loss.
The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a negative opening for the index in India with a 47 points loss.
image for illustrative purpose
The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a negative opening for the index in India with a 47 points loss.
The BSE Sensex corrected 549.49 points to close at 49,034.67 on January 15 while the Nifty50 declined 161.90 points to 14,433.70
According to pivot charts, the key support levels for the Nifty are placed at 14,321.83, followed by 14,209.97. If the index moves up, the key resistance levels to watch out for are 14,581.53 and 14,729.37.
Wall Street's main indexes finished lower on Friday, weighed down by big U.S. banks after their earnings reports, while the energy fell sharply due to a regulatory probe into Exxon Mobil Corp.
The Dow Jones Industrial Average fell 177.26 points, or 0.57%, to 30,814.26, the S&P 500 lost 27.29 points, or 0.72%, to 3,768.25 and the Nasdaq Composite dropped 114.14 points, or 0.87%, to 12,998.50.
Asian share markets retreated from highs on Monday as disappointing news on U.S. consumer spending tempered risk sentiment ahead of a closely-watched reading on the health of the Chinese economy.
Stay Tune For More Market Live updates.
Live Updates
- 18 Jan 2021 1:59 PM IST
Indian Railway Finance Corporation IPO day 1: Issue subscribed 33%, employee portion fully booked
Mehta Equities believes IRFC IPO gives investors a unique opportunity to invest in a dedicated market borrowing arm created by the Minister of Finance to support financing requirements of Indian Railways.
- 18 Jan 2021 1:58 PM IST
Wipro share price gains after completing Rs 9,500-crore buyback
"A total of 23.75 crore equity shares were bought back under the buyback at a price of Rs 400 per equity share...The total amount utilized in the buyback is Rs 9,500 crore," Wipro said.
- 18 Jan 2021 1:57 PM IST
Topsgrup, promoter Rahul Nanda under ED scanner for money laundering
ED investigation found that Nanda “has siphoned Rs 186 crore from Topsgrup companies through remittances to his personal accounts and accounts of friends and family.”
- 18 Jan 2021 1:57 PM IST
Reliance to embed e-commerce app JioMart into WhatsApp within six months
The move to integrate JioMart with WhatsApp will allow hundreds of millions of users to order products from Reliance without having to leave the app, Mint said, citing two officials aware of the development.
- 18 Jan 2021 1:56 PM IST
Metal stocks tumble on reports that China may allow some stranded Australian coal cargoes amid ban on coal imports
The shipments that could be cleared are those that arrived before a ban on Australian coal went into effect, Bloomberg report quoted a person familiar with the situation.
- 18 Jan 2021 1:55 PM IST
Banking Central: Now that DHFL bidding war is over what awaits various stakeholders?
DHFL’s creditors will get around one-third of what they lent to the company but something is always better than nothing.
- 18 Jan 2021 1:54 PM IST
As demand picks up, top 4 Indian IT services firms double hiring in Q3
The spurt is being driven by clients cutting costs, migrating to the cloud, going in for a digital transformation and the IT services companies hiring more in anticipation of an increase in attrition
- 18 Jan 2021 9:07 AM IST
RBI governor Shaktikanta Das calls for stronger governance structure in banks, NBFCs
Reserve Bank of India governor Shaktikanta Das said banks and non-banking financial companies (NBFCs) need to strengthen the governance structure to ensure larger financial stability in the system. “A good governance structure will have to supported by effective risk management, compliance and assurance mechanism,” the RBI governor said.
- 18 Jan 2021 9:06 AM IST
India's forex reserves up by $758 million to lifetime high of $586.082 billion
The country's foreign exchange reserves rose by $758 million to reach a record high of $586.082 billion in the week ended January 8, RBI data showed on Friday. In the previous week ended January 1, the reserves had increased by $4.483 billion to $585.324 billion.
In the reporting week, foreign currency assets (FCAs), a major component of the overall reserves, rose by $150 million to $541.791 billion. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
- 18 Jan 2021 9:06 AM IST
RBI open to idea of ‘bad bank’ if there is a proposal: Governor
The Reserve Bank of India (RBI) was open to the idea of a bad bank if there were to be a proposal, central bank governor Shaktikanta Das said on January 16.
“If there is a proposal to set up a bad bank, the RBI will look at it,” Das said. “We have regulatory guidelines for ARCs. We are open to look at any
proposal to set up a bad bank. If any proposal comes, we are open to examine it,” Das said.
