Market Live Updates Today: Trends on SGX Nifty indicate a positive opening for the index in India with a 35 points gain
The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a positive opening for the index in India with a 35 points gain.
image for illustrative purpose
The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a positive opening for the index in India with a 35 points gain.
The benchmark indices ended at a record closing high with the BSE Sensex surging 617.14 points or 1.22 percent to 51,348.77 on February 8 while the Nifty50 jumped 191.50 points or 1.28 percent to 15,115.80.
According to pivot charts, the key support levels for the Nifty are placed at 15,051.23, followed by 14,986.67. If the index moves up, the key resistance levels to watch out for are 15,170.13 and 15,224.47.
Wall Street reached all-time closing highs on Monday as investor optimism was stoked by prospects of a speedier economic recovery from the global health crisis, driven by increased stimulus and an accelerated vaccine rollout.
The Dow Jones Industrial Average rose 237.52 points, or 0.76%, to 31,385.76, the S&P 500 gained 28.76 points, or 0.74%, to 3,915.59 and the Nasdaq Composite added 131.35 points, or 0.95%, to 13,987.64.
Global stocks were poised to rise again on Tuesday in Asian trading after another record-setting day on Wall Street. Japan's Nikkei 225 futures rose 0.15%, e-mini futures for the S&P 500 rose 0.04% and Australian S&P/ASX 200 futures rose 0.12% in early trading.
Live Updates
- 9 Feb 2021 2:52 PM IST
Soon, your smiles and frowns will tell an etailer your likes and dislikes
Facial recognition and emotion analysis will soon help etailers capture customers’ emotions and help them offer the right products. Artificial intelligence will help the etailers detect a shopper's gender, age and emotions, among other things, in real time, and target them with relevant ads and promotions
- 9 Feb 2021 2:51 PM IST
Centre may drag Twitter into legal mire for failing to ‘quickly comply’ with requests
If it does seek legal recourse, the Centre could lodge an FIR against Twitter under Section 69A (3) of the Information Technology Act
- 9 Feb 2021 2:50 PM IST
India vs England Test series: Cricket back with a bang in India, tickets for Second Test sold out in an hour
Irrespective of the results of the First Test, the prospects of live cricket after a year has sports-crazy Chennai fans in a tizzy
- 9 Feb 2021 2:50 PM IST
Kolkata airport building new ATC tower with upgraded tech: Airports Authority of India
The construction project will cost around Rs 458 crore, the AAI said in a statement.
- 9 Feb 2021 2:49 PM IST
LIC, HDFC G-sec pension funds top performers across categories
NPS is in the spotlight after Budget 2021 decided to tax on interest on EPF contributions over Rs 2.5 lakh
- 9 Feb 2021 9:10 AM IST
3 stocks under F&O ban on NSE
BHEL, Sun TV and SAIL are under the F&O ban for February 8 as we are in the initial days of February series. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.
- 9 Feb 2021 9:09 AM IST
FII and DII data
Foreign institutional investors (FIIs) net bought shares worth Rs 1,876.6 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 504.86 crore in the Indian equity market on February 8, as per provisional data available on the NSE.
- 9 Feb 2021 9:09 AM IST
Index-linked insurance plans likely to make a comeback in India
Index-linked insurance products (ILIPs) in life insurance may soon make a comeback in India. An Insurance Regulatory and Development Authority of India (IRDAI) working group report said that ILIPs could be a good alternative to unit-linked insurance plans (Ulips).
In the initial phase, simple ILIPs with links to one index could be proposed. Once the industry stakeholders present their views on the working group report, IRDAI will bring out guidelines for this product category.
- 9 Feb 2021 9:08 AM IST
FPIs' holding in NSE-listed companies hit 5-year high in December quarter on robust inflow
FPIs’ ownership in NSE-listed companies reached a five-year high of 22.74 percent in December 2020 on the back of huge net inflow of Rs 1.42 lakh crore by such investors in the third quarter. In comparison, the holding of foreign portfolio investors (FPIs) was at 21.51 percent in the quarter ending September 2020.
In terms of value, FPIs ownership reached an all-time high of Rs 41.83 lakh crore as of December 2020, up 29 percent from Rs 32.47 lakh crore in the preceding quarter, on account of rally in equity markets.
- 9 Feb 2021 9:07 AM IST
Bitcoin hits record high above $43,000 after Tesla investment
Bitcoin hit a record-high near $45,000 on Monday after Elon Musk's electric carmaker Tesla invested $1.5 billion in the digital currency. Bitcoin hit $44,795.20 around 1325 GMT, before cooling slightly to $44,207.95. The cryptocurrency is up by around 50 percent since the start of the year.
Tesla's announcement, in a US Securities and Exchange Commission document, is a sign of confidence in the cryptocurrency that regulators are concerned could be used for illegal transactions.
