Market Live Updates Today: Trends on SGX Nifty indicate a positive opening for the index in India with a 53 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 53 points gain. The S&P BSE Sensex fell 19.69 points to 51,329.08 after more than a 10 percent rally seen in the previous six consecutive sessions on February 9 while the Nifty50 declined 6.50 points to 15,109.30.
According to pivot charts, the key support levels for the Nifty are placed at 15,030.03, followed by 14,950.77. If the index moves up, the key resistance levels to watch out for are 15,222.83 and 15,336.37.
MSCI's gauge of global stocks and the Nasdaq extended their runs to fresh highs on Tuesday, and oil prices pushed their rally into a seventh straight session as strong earnings and economic recovery prospects buoyed investor sentiment.
The S&P 500 and Dow ended slightly lower, however, breaking their six-day streak of gains, as investors rotated out of large-cap tech names into other sectors. The Dow Jones Industrial Average fell 9.93 points, or 0.03%, to 31,375.83, the S&P 500 lost 4.36 points, or 0.11%, to 3,911.23 and the Nasdaq Composite added 20.06 points, or 0.14%, to 14,007.70.
Asian stocks inched higher on Wednesday, as upbeat Wall Street earnings and optimism about a global recovery supported sentiment, although concerns about the sustainability of a recent risk rally are likely to cap gains.
Stay Tuned For More Market Upadtes.
Live Updates
- 10 Feb 2021 2:48 PM IST
Heineken to cut 8,000 jobs as virus takes fizz out of sales
Heineken, the world's number two brewer, said it recorded a net loss of 204 million euros ($247 million) in 2020, a 109 percent fall in profits from the year before.
- 10 Feb 2021 2:48 PM IST
TCS to recruit 1,500 tech staff in UK
The Mumbai-headquartered company has grown its business in the UK almost four-fold over the last decade entirely organically, making it one of the largest providers of IT and IT-enabled services in the nation. TCS is also one of the UK's largest recruiters of IT talent.
- 10 Feb 2021 2:47 PM IST
E-commerce grows by 36% in last quarter in India
The report, which assesses the e-commerce growth in Q4 2020 with the sector-wise analysis, said brand websites reported a 94 percent volume growth in fourth quarter of 2020 as compared to same period last year.
- 10 Feb 2021 2:47 PM IST
How MSMEs can partner with their Banks in 2021
As the COVID-19 cases go down with the vaccine, businesses will manage more penetration with more consumption, but with a poor 2020, MSMEs will need funds to expand their own business to ride the consumption wave, how can they solve this puzzle?
- 10 Feb 2021 2:47 PM IST
New RBI rules: Banks may lose edge in MFI business
The proposed uniform regulations for all types of lenders in microfinance space will be positive for NBFC-MFIs and negative for banks
- 10 Feb 2021 2:46 PM IST
Cryptocurrency ban will be unprecedented, govt bitcoin defeats purpose, say experts
They believe it makes sense to regulate rather than proscribe one of the fastest growing sectors in fintech globally; to consider a draconian piece of legislation will deprive investors and entrepreneurs of participating in a great wealth creation opportunity
- 10 Feb 2021 2:46 PM IST
Ambuja Neotia, Hiland seal land deal; to jointly develop two land parcels spread across 20 acres in Kolkata
One land parcel includes 10 acres of land along the golf course, and another 10 acres is along the Calcutta Riverfront
- 10 Feb 2021 8:49 AM IST
2 stocks under F&O ban on NSE
BHEL and Sun TV Network are under the F&O ban for February 10. 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.
- 10 Feb 2021 8:48 AM IST
FII and DII data
Foreign institutional investors (FIIs) net bought shares worth Rs 1,300.65 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 1,756.24 crore in the Indian equity market on February 9, as per provisional data available on the NSE.
- 10 Feb 2021 8:47 AM IST
Stock markets received FY22 Budget with positivity: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Tuesday said the stock markets have received the Union Budget 2021-22 with "positivity" with an 11 per cent increase in equity indices over the past week. She said the Budget, which was presented in Parliament on February 1, has set the tone for greater play of the private sector, gave space for entrepreneurship, has come clean on the spending intent and unveiled a policy highlighting areas the government wants to stay away from.
"We have now come over to the 10th day after the Budget was read out. Markets for the first time, I understand, have completely for a whole full week kept the pace up with a sense of positivity.
