Market Live Updates Today: Trends on SGX Nifty indicate a negative opening for the index in India with a 51-point 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 51-point 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 51-point loss.
The S&P BSE Sensex was down 379.14 points at 51,324.69 on February 18 while the Nifty50 index declined 89.90 points to 15,119. According to pivot charts, the key support levels for the Nifty are placed at 15,047.73, followed by 14,976.47. If the index moves up, the key resistance levels to watch out for are 15,220.53 and 15,322.07.
US Markets
Stocks on Wall Street closed lower on Thursday as investors shifted out of big technology names, while an unexpected rise in weekly U.S. jobless claims pointed to a fragile recovery in the labour market.
Asian stocks were set to pull back on Friday, following a dip on Wall Street as disappointing U.S. jobs data fanned concerns the economic recovery from the coronavirus was losing momentum.
Live Updates
- 19 Feb 2021 8:48 AM IST
Oil falls after surging past $65 on Texas freeze
Oil prices fell on Thursday despite a sharp drop in U.S. crude inventories, as market participants took profits following days of buying spurred by a cold snap in the largest U.S. energy-producing state.
Brent crude fell 41 cents, or 0.6%, to settle at $63.93 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell 62 cents, or 1%, to settle at $60.52 a barrel, after earlier reaching $62.26, the highest since January 2020.
- 19 Feb 2021 8:47 AM IST
Japan's consumer price decline slows, weak demand keeps outlook murky
Japan’s core consumer prices marked the sixth straight month of annual declines in January but the pace of falls slowed, offering some relief for policymakers worried about deflationary pressures the economy face from the coronavirus pandemic.
Core consumer prices, which includes oil products but excludes volatile fresh food costs, fell 0.6% in January from a year earlier, government data showed on Friday, compared with a median market forecast for a 0.7% drop.
- 19 Feb 2021 8:47 AM IST
Unemployment rate dropped to 6.5% in January 2021: CMIE data
The unemployment rate in the country fell to 6.5 percent in January 2021 from 9.1 percent in December 2020 and the employment rate rose to 37.9 percent from 36.9 percent in the same period, according to Centre for Monitoring Indian Economy (CMIE) data.
Nearly 12 million additional people found employment during January with the number of employed persons increasing to 400.7 million in January 2021 from 388.8 million in December 2020. This is the biggest jump in the workforce addition in a month since the onset of the lockdown. The total unemployed who were willing to work but did not have any employment in January 2021 was 40 million. While this is a large number, it is the lowest in over two years, the report noted.
