Market Live Updates Today: Trends on SGX Nifty indicate a negative opening for the index in India with a 75 points loss
The BSE Sensex declined 585.10 points, or 1.17 percent, to close at 49,216.52 on March 18 while the Nifty50 fell 163.40 points, or 1.11 percent, to 14,557.90.
image for illustrative purpose
The BSE Sensex declined 585.10 points, or 1.17 percent, to close at 49,216.52 on March 18 while the Nifty50 fell 163.40 points, or 1.11 percent, to 14,557.90. According to pivot charts, the key support levels for the Nifty are placed at 14,399.2, followed by 14,240.6. If the index moves up, the key resistance levels to watch out for are 14,795.8 and 15,033.8.
Wall Street ended sharply lower on Thursday, with the Nasdaq tumbling 3%, hit by rising Treasury yields and fresh worries about the coronavirus pandemic in Europe.
Asian share markets eased on Friday as a spike in global bond yields soured sentiment toward richly priced tech stocks, while a stampede out of crowded positions in crude oil caused the sharpest setback in months.
Live Updates
- 19 March 2021 2:01 PM IST
Yogi Adityanath’s ODOP scheme is preserving, promoting local art and crafts of Uttar Pradesh : Navneet Sehgal
In three years, the ODOP, a flagship programme of Yogi Adityanath-led Uttar Pradesh government has, so far, enrolled 80,000 artisans with 11,000 products available on Amazon.
- 19 March 2021 2:00 PM IST
US Defence Secretary Lloyd Austin to arrive in India today for 3-day visit, likely to discuss Russian S-400 missile deal
Lloyd Austin is scheduled to meet his counterpart Defence Minister Rajnath Singh, External Affairs Minister S Jaishankar and National Security Advisor Ajit K Doval
- 19 March 2021 2:00 PM IST
India disbursed Rs 1,000 crore via DBT over last 3 years to support TB patients
On the challenges faced by India's TB Elimination Program during the pandemic, Harsh Vardhan spoke on the Rapid Response Plan that was developed and shared with all states and Union Territories.
- 19 March 2021 2:00 PM IST
Unplanned lockdown disaster continues to haunt country, says Rahul Gandhi
Rahul Gandhi also cited a media report quoting a UNICEF study that due to COVID-19, India is likely to see the highest rise in child mortality and maternal deaths among the six most populous South Asian countries.
- 19 March 2021 10:25 AM IST
FII and DII data
Foreign institutional investors (FIIs) net bought shares worth Rs 1,258.47 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 1,116.17 crore in the Indian equity market on March 18, as per provisional data available on the NSE.
- 19 March 2021 10:10 AM IST
Oil falls 4% as dollar rises and vaccine rollout stalls
Oil prices sunk for a fifth day in a row on Thursday to their lowest in two weeks on a stronger dollar, a further increase in U.S. crude and fuel inventories and the weight of the ever-present COVID-19 pandemic.
- 19 March 2021 10:07 AM IST
Accenture reports robust earnings growth
The IT services major registered an 8 percent growth at $12 billion for the quarter ending February 2021 and a record $16 billion in new deal wins in the quarter, up 13 percent year-on-year (YoY). The company also increased its guidance for FY21 to 6.5-8.5 percent, driven by digital. Accenture follows September to August as its fiscal year.
Cloud, security and interactive business, which account for majority of the business, continued to see strong growth. This growth momentum bodes well for the Indian IT sector as well, who are seeing huge demand as enterprises across the world move to cloud and adopt new-age technologies. As a result, Indian IT stocks inclusing the likes of TCS, Infosys, Wipro, HCL Tech, Coforge, Mindtree and Tech Mahindra will be in focus.
- 19 March 2021 10:03 AM IST
Fitch sees Fed tapering in early 2022, warns on fragile emerging markets
Ratings agency Fitch expects the Federal Reserve to dial back its COVID-19-related economic support measures starting early next year, warning that some of the world’s poorest countries were exposed to the risk of another ‘taper tantrum’.
Fitch said it expected the U.S. central bank to announce a tapering, or easing down, of its asset purchase programme in the second half of this year before starting the process early in 2022. “The outsized role of the U.S. dollar in EM lending and global credit markets means that higher U.S. yields will feed through to a higher cost of EM borrowing in foreign and local currency,” research from Fitch said on Thursday.
- 19 March 2021 9:34 AM IST
SEBI amends qualification norms for portfolio managers, investment advisers, research analysts
Markets regulator SEBI has notified new regulations for portfolio managers, investment advisers and research analysts with regard to their qualifications.
The move will help recognise "the post graduate programme in securities market of not less than one year offered by NISM" as eligible qualification for portfolio managers, investment advisers and research analysts, according to SEBI.
- 19 March 2021 9:08 AM IST
Rajya Sabha passes bill to hike FDI in insurance sector to 74%
The Rajya Sabha on March 18 passed the bill to hike foreign direct investment (FDI) in the insurance sector to 74 percent from current 49 percent.
With the Insurance (Amendment) Bill, 2021, passed in Rajya Sabha, majority of key management persons and directors on the board would be Indians. The new structure allows at least 50 percent of directors to be independent directors, while specified percentage of profits being retained as a general reserve.
On the issue over control, the Union Finance Minister Nirmala Sitharaman said, "Control means right to appoint majority of directors and key management to be resident Indians. Specific percentage of profits to be retained as general reserve. Laws of the land fairly mature, no one can kick it away and make us watch."
