Market Live Updates Today: Trends on SGX Nifty indicate a negative opening for the index in India with a 80 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 80 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 80 points loss.
The BSE Sensex gained 374.87 points to 48,080.67 on April 22 while the Nifty50 rallied 109.80 points to 14,406.20. According to pivot charts, the key support levels for the Nifty are placed at 14,230.13, followed by 14,054.07. If the index moves up, the key resistance levels to watch out for are 14,503.53 and 14,600.87 levels.
Equity markets across the world fell on Thursday weighed by Wall Street after reports that the Biden administration will propose a sharp increase to capital gains tax, while the dollar index rose as the euro and pound gave back recent gains.
Asian markets declined following an overnight drop on Wall Street. The Nikkei 225 fell 1.36% in early trade while the Topix index shed 0.88%. South Korea's Kospi dipped 0.92%. Shares in Australia also edged lower as the S&P/ASX 200 shed 0.14%.
Live Updates
- 23 April 2021 2:47 PM IST
Kerala model: How India’s only oxygen surplus state is managing the crisis
Kerala has the distinction of being the only State with an oxygen surplus, so much so, that it has been sending supplies to Tamil Nadu, Goa and Karnataka as well. The State’s oxygen production is at 199 metric tonnes per day. Demand for Covid care in the State comes to 35 MTPD, while non-covid care requires around 45 MTPD.
- 23 April 2021 2:46 PM IST
Phillips Carbon: Second wave slams brakes on recovery theme
The second wave of COVID is likely to have an impact on domestic demand for discretionary players in auto and consumer durables. Phillips Carbon is one such name
- 23 April 2021 2:46 PM IST
Alembic Pharma gets USFDA nod for depression treatment drug
The approved product is therapeutically equivalent to the reference listed drug product (RLD) Sinequan Capsules of Pfizer Inc.
- 23 April 2021 2:45 PM IST
New Honda CEO Toshihiro Mibe aims for 100% electric vehicles by 2040
Speaking at his first news conference since taking the chief executive position at the beginning of April, Toshihiro Mibe said the company expects EVs and FCVs to account for 40% of sales by 2030 and 80% by 2035 in all major markets.
- 23 April 2021 2:45 PM IST
Bitcoin falls 7% as cryptocurrencies stumble over Joe Biden tax plans
Bitcoin slumped 7% to $48,176 in a third straight session of losses while Ether and XPR suffered double digit tumbles.
- 23 April 2021 2:44 PM IST
Rakesh Jhunjhunwala-backed Nazara Technologies clocks 84% revenue growth in FY21, EBITDA grows 470%
Esports business more than doubled to Rs 170.1 crore in FY21 compared to Rs 84.2 crore in FY20.
- 23 April 2021 9:11 AM IST
Fitch affirms BBB- rating, says COVID surge may delay economic recovery
Fitch Ratings on Thursday said the resurgence of COVID-19 infections may delay India's economic recovery, but won't derail it, as it kept the sovereign rating unchanged at 'BBB-' with a negative outlook.
It projected a 12.8 per cent recovery in GDP in the fiscal year ending March 2022 (FY22), moderating to 5.8 per cent in FY23, from an estimated contraction of 7.5 per cent in 2020-21. Fitch had in June last year revised outlook for India to 'negative' from 'stable' on grounds that the coronavirus pandemic had significantly weakened the country's growth outlook and exposed the challenges associated with a high public debt burden.
- 23 April 2021 9:07 AM IST
Commercial banks can pay 50% of pre-COVID dividend for FY21, says RBI
The Reserve Bank of India (RBI) on April 22 said commercial banks can pay up to 50 percent of what they could pre-COVID on equity shares from the profits for the financial year ended March 31, 2021.
For FY20, the RBI had asked banks not to make any dividend payment on equity shares from the profits in view of the ongoing stress and heightened uncertainty on account of COVID-19. This was asked to make sure banks continue to conserve capital to support the economy and absorb losses.
