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 9:04 AM IST
HDFC Bank Q3 profit jumps 18% to Rs 8,758 crore
HDFC Bank, the country's largest private sector lender, has reported a standalone profit of Rs 8,758.3 crore for the quarter ended December 2020, rising 18.1 percent year-on-year, thus beating the CNBC-TV18 poll estimate which was pegged at Rs 8,264.8 crore. The growth was led by non-interest income and pre-provision operating profit with improved asset quality performance.
- 18 Jan 2021 9:04 AM IST
FPIs invest Rs 14,886 crore in first half of January
Foreign portfolio investors (FPI) put in Rs 14,866 crore in Indian markets in the first half of January with participants expecting strong third-quarter results by companies. As per depositories data, FPIs invested a net Rs 18,490 crore into equities but pulled out Rs 3,624 crore from debt segment between January 1-15.
- 18 Jan 2021 9:03 AM IST
Indian Railway Finance Corporation IPO opens today
State-owned Indian Railway Finance Corporation will open its initial public offering for subscription on January 18 and the same will close on January 20. This will be the first IPO in 2021. Indigo Paints is scheduled to launch its IPO in the latter part of the coming week.
- 18 Jan 2021 9:03 AM IST
Bank credit grows 3.2% to Rs 107.05 lakh crore in first nine months of FY21
Bank credit grew 3.2 percent to Rs 107.05 lakh crore in the first nine months of the current financial year, against a growth of 2.7 percent registered in the corresponding period of 2019-20. In the fortnight ended March 27, 2020, bank advances stood at Rs 103.72 lakh crore.
Bank deposits rose 8.5 percent to Rs 147.27 lakh crore in the April-December 2020 period as against an increase of 5.1 percent a year ago, according to the recent data released by the Reserve Bank of India. The sharp accretion in deposits during the year was due to the safe haven appeal of banks.
