Market Live Updates Today: Trends on SGX Nifty indicate a positive opening for the index in India with a 37 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 37 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 37 points gain.
The Sensex closed with a nominal gain of 42 points at 49,201.39 on April 6 and the Nifty settled 46 points higher at 14,683.50. According to pivot charts, the key support levels for the Nifty are placed at 14,578.57, followed by 14,473.63. If the index moves up, the key resistance levels to watch out for are 14,783.77 and 14,884.03.
The S&P 500 slipped on Tuesday but stayed near closing record highs posted in consecutive sessions, as investors weighed more strong U.S. economic data against nervousness about upcoming quarterly earnings reports.
The Dow Jones Industrial Average fell 96.95 points, or 0.29%, to 33,430.24, the S&P 500 lost 3.97 points, or 0.10%, to 4,073.94 and the Nasdaq Composite dropped 7.21 points, or 0.05%, to 13,698.38.
Asian Markets
Asia equities are set for a sluggish open on Wednesday after Wall Street pulled back from record highs reached in previous sessions, as investors eye the upcoming earnings season for more signs of a recovery following a series of strong U.S. economic data.
Live Updates
- 7 April 2021 3:11 PM IST
Network18 Sanjeevani launch. Exploring possibility of third dose but no official recommendation: Serum Institute CEO Adar Poonawala
Serum Institute CEO Adar Poonawala was speaking at the launch of the Network18 Sanjeevani – A Shot Of Life, a CSR initiative by Federal Bank.
- 7 April 2021 3:11 PM IST
Network18 Sanjeevani launch. Exploring possibility of third dose but no official recommendation: Serum Institute CEO Adar Poonawala
Serum Institute CEO Adar Poonawala was speaking at the launch of the Network18 Sanjeevani – A Shot Of Life, a CSR initiative by Federal Bank.
- 7 April 2021 3:11 PM IST
New small business coalition targets Amazon in antitrust campaign
Small Business Rising group said its goal is to "stop tech monopolies, such as Amazon, from cornering the online market by breaking them up and regulating them."
- 7 April 2021 3:10 PM IST
RBI’s Das cheers bond markets with liquidity bonanza.
The RBI governor has exercised extreme caution not to give a signal to the markets that there will be any kind of early withdrawal of liquidity measures either via rate tightening or liquidity roll back.
- 7 April 2021 3:09 PM IST
More-than-expected dovish RBI policy amid rising infections lifts market sentiment, focus more on growth with sufficient liquidity than inflation
Lakshmi Iyer of Kotak Mutual Fund feels the move to introduce G-SAP – secondary market G-Sec acquisition program is a master stroke by the RBI.
- 7 April 2021 3:08 PM IST
Indian market leads global aviation recovery, will create 9 lakh more jobs by 2030, says Boeing
Indian market will need 2,200 new aircraft by 2030, the US aircraft manufacturer said
- 7 April 2021 3:08 PM IST
Banks sanction Rs 15 lakh crore under Mudra Yojana in last 6 years
Pradhan Mantri MUDRA Yojana (PMMY) was launched by Prime Minister Narendra Modi on April 8, 2015 to promote entrepreneurship.
- 7 April 2021 9:25 AM IST
FII and DII data
Foreign institutional investors (FIIs) net sold shares worth Rs 1,092.75 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 416.59 crore in the Indian equity market on April 6, as per provisional data available on the NSE.
- 7 April 2021 9:03 AM IST
IMF projects India's growth rate to jump to impressive 12.5% in 2021
The IMF on Tuesday projected an impressive 12.5 per cent growth rate for India in 2021, stronger than that of China, the only major economy to have a positive growth rate last year during the COVID-19 pandemic.
The Washington-based global financial institution, in its annual World Economic Outlook ahead of the annual Spring meeting with the World Bank, said the Indian economy is expected to grow by 6.9 per cent in 2022. Notably in 2020, India's economy contracted by a record eight per cent, the International Monetary Fund (IMF) said as it projected an impressive 12.5 per cent growth rate for the country in 2021.
- 7 April 2021 9:02 AM IST
IMF favors global minimum corporate tax, says Chief Economist Gita Gopinath
The International Monetary Fund has long favored adoption of a global minimum tax on corporate profits, the Fund’s chief economist, Gita Gopinath, told reporters on Tuesday.
Gopinath said current disparities in national corporate tax rates had triggered “a large amount” of tax shifting and tax avoidance, reducing the tax base on which governments could collect revenues to fund needed economic and social spending.
