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 9:07 AM IST
India's economy projected to record stronger recovery in 2021: UNCTAD
India’s economy, estimated to contract by 6.9 percent in 2020 due to the coronavirus pandemic, is forecast to record a "stronger recovery" in 2021 and grow by 5 percent, according to a UN report which said the country's current fiscal year budget points to a shift towards demand-side stimulus, with an uptick in public investment.
