Market Live Updates Today: Trends on SGX Nifty indicate a positive opening for the index in India with a 50 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 50 points gain.
image for illustrative purpose
The S&P BSE Sensex rallied 1,197.11 points or 2.46 percent to 49,797.72 on February 2 while the Nifty50 climbed 366.70 points or 2.57 percent to 14,647.90 levels.
According to pivot charts, the key support levels for the Nifty are placed at 14,500.77, followed by 14,353.73. If the index moves up, the key resistance levels to watch out for are 14,763.27 and 14,878.73.
The Dow Jones Industrial Average rose 475.57 points, or 1.57%, to 30,687.48, the S&P 500 gained 52.45 points, or 1.39%, to 3,826.31 and the Nasdaq Composite added 209.38 points, or 1.56%, to 13,612.78.
Asian markets moved higher during early trading as governments around the world looked poised to boost spending to help economies recover from the coronavirus and vaccine roll-out programs accelerated.
Stay Tuned For More Market Live Updates.
Live Updates
- 3 Feb 2021 1:39 PM IST
Pharma stocks rally after Rs 2.23 lakh-crore boost for healthcare sector; Cipla, Sun Pharma hit 52-week high
The finance minister announced a new scheme called the PM Atmanirbhar Swasth Bharat Yojana for boosting the primary, secondary, and tertiary healthcare, with a budgetary outlay of Rs 64,180 crore spread over six years.
- 3 Feb 2021 1:39 PM IST
Glenmark Pharma gets USFDA nod for seizure treatment drug
The approved product is a generic version of Qudexy XR Capsules of Upsher-Smith Laboratories, LLC.
- 3 Feb 2021 1:38 PM IST
Bharti Airtel share price touched 52-week high ahead of December quarter result
The numbers are likely to be mixed with some hits on yearly basis and misses on a quarterly basis.
- 3 Feb 2021 1:37 PM IST
Stove Kraft IPO share allotment finalised
Stove Kraft IPO: Trading in equity shares will commence from February 5, as per the schedule available in the prospectus.
- 3 Feb 2021 1:36 PM IST
Zetwerk raises $120 million from Lightspeed, Greenoaks at $600 million valuation
Zetwerk procures manufacturing services such as fabrication, machining, casting and forging from small and medium companies and connects them to mid-to-large OEMs (original equipment manufacturers) and engineering, procurement and construction firms in India and South-East Asia.
- 3 Feb 2021 9:00 AM IST
1 stock under F&O ban on NSE
SAIL is under the F&O ban for February 3 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.
- 3 Feb 2021 9:00 AM IST
FII and DII data
Foreign institutional investors (FIIs) net bought shares worth Rs 6,181.56 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 2,035.2 crore in the Indian equity market on February 2, as per provisional data available on the NSE.
- 3 Feb 2021 9:00 AM IST
Brookfield REIT garners Rs 1,710 crore from anchor investors ahead of IPO
Brookfield India Real Estate Trust (Brookfield REIT) on February 2 raised Rs 1,710 crore from 39 anchor investors ahead of its IPO opening. The company in consultation with merchant bankers and selling shareholders finalised allocation of 6,21,80,800 units to anchor investors at Rs 275 per unit, the higher price band.
Schroder Global Cities Real Estate, BNP Paribas, Morgan Stanley, DSP Adiko Holdings, Societe Generale, Coronation Global Managed Fund, IA Opportunities and Moon Capital were among the foreign investors that participated in the anchor book.
HDFC Trustee, SBI Life Insurance, Tata AIG, HDFC Life, Kotak Mahindra Trustee, Bajaj Holdings, Max Life, IIFL Special Opportunities Fund, Star Health and Avendus also received shares in the anchor book.
- 3 Feb 2021 8:59 AM IST
Japan's service sector slump deepens as COVID-19 emergency hits businesses
Japan’s services sector shrank at the fastest pace in five months in January, as a heavy blow to demand from a resurgence in coronavirus infections and a state of emergency in parts of the country greatly hurt new business orders.
The final au Jibun Bank Japan Services Purchasing Managers’ Index (PMI) dropped to a seasonally adjusted 46.1 from the prior month’s 47.7, marking the lowest reading since August.
- 3 Feb 2021 8:58 AM IST
India's budget shot in the arm for economy, fiscal consolidation takes a back seat: S&P
S&P Global Ratings on Tuesday said India's budget for the next fiscal is an effort of the government to shore up economic recovery, but fiscal consolidation would pose a stout challenge to policymakers going forward. The rating agency currently does not see any material effect from the budget on India's key credit factors, but the economy's brightening growth prospects will be critical to maintaining the sustainability of public finances.
It said general government debt is likely to hover at more than 90 percent of GDP over the next few years.
Stating that fiscal consolidation has taken a back seat in the Budget, S&P said aggressive provisioning to help heal the economy will be costly. The government's 9.5 percent fiscal deficit projection for current fiscal was bigger than the US-based rating agency's expectation.
