Market Live Updates Today: Trends on SGX Nifty indicate a positive opening for the index in India with a 57 points gain.
The Indian stock market is expected to open in the green following positive global cues. Trends on SGX Nifty indicate a positive opening for the index in India with a 57 points gain.
image for illustrative purpose
The Indian stock market is expected to open in the green following positive global cues. Trends on SGX Nifty indicate a positive opening for the index in India with a 57 points gain.
The S&P BSE Sensex declined 86.95 points to close at 49,771.29 on March 22 while the Nifty50 fell 7.60 points to 14,736.40. According to pivot charts, the key support levels for the Nifty are placed at 14,634.83, followed by 14,533.27. If the index moves up, the key resistance levels to watch out for are 14,800.93 and 14,865.47.
Wall Street rallied on Monday as technology stocks rebounded from a recent sell-off sparked by surging bond yields, and Tesla jumped after a fund run by an influential investor in the electric-car maker said its shares could approach $3,000 by 2025.
Asian stocks were set to track Wall Street gains on Tuesday as bond yields pulled back, easing concerns about inflation although investors are keeping a close eye on rising COVID-19 cases in Europe.
Live Updates
- 23 March 2021 2:41 PM IST
Bigger worry for investors is rise in industrial and energy commodity prices: Hemant Kanawala of Kotak Mahindra Life
COVID-19 is not the biggest concern in the market today. Due to better treatment protocol and availability of vaccine, there should be limited lockdowns, which should help economic normalization, he says
- 23 March 2021 2:41 PM IST
Indian companies' earnings remain healthy in FY21 so far.
Market analysts expect earnings upgrades, going forward, due to the rebound in economic indicators.
- 23 March 2021 2:37 PM IST
On loan moratorium case, SC offers an ‘Aatmanirbhar’ interest waiver solution
The cost of the interest-on-interest waiver will be far less than a total interest rate waiver. But this burden will ultimately fall on the taxpayer.
- 23 March 2021 2:37 PM IST
India to be included in Cisco's $5 billion funding for 5G projects
Anand Bhaskar, Managing Director, service providers, Cisco said the funds will come from software major's financial subsidiary.
- 23 March 2021 2:36 PM IST
Second COVID wave hits D-Street: Should investors buy the dip or cash out?
Though the rising number of Coronavirus cases and further lockdowns may impact the economy, experts say that the long-term India story is still intact and investors have nothing to worry about.
- 23 March 2021 2:36 PM IST
Abu Dhabi funds invest $150 million in messaging app Telegram
Mubadala invested $75 million in 5-year pre-IPO convertible bonds, while Abu Dhabi Catalyst Partners invested a further $75 million.
- 23 March 2021 10:29 AM IST
2 stocks under F&O ban on NSE
Vodafone Idea and SAIL are under the F&O ban for March 23. 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.
- 23 March 2021 10:29 AM IST
FII and DII data
Foreign institutional investors (FIIs) net sold shares worth Rs 786.98 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 542.70 crore in the Indian equity market on March 22, as per provisional data available on the NSE.
- 23 March 2021 10:29 AM IST
Lok Sabha passes Insurance Amendment Bill 2021, FDI raised to 74%
The Lok Sabha has passed the Insurance Amendment Bill 2021 leading to a hike in foreign direct investment (FDI) limit in the sector to 74 percent. Rajya Sabha had passed the Bill on March 18. This came as a stark contrast to the previous FDI hike that took seven years to be passed in 2015 hiking the limit from 26 percent to 49 percent.
During the debate on this bill in the Lok Sabha on March 22, opposition leaders including INC's Manish Tiwari raised questions on why the government was keen to pass a bill that it was against earlier. Responding to these questions, finance Minister Nirmala Sitharaman said that there was an urgent need in the insurance industry for the FDI limit to be hiked to 74 percent so that there is adequate capital available for the expansion of insurers.
- 23 March 2021 10:01 AM IST
Sebi board set to have an action-packed meeting on March 25
The Securities and Exchange Board of India (Sebi) will be holding a board meeting on March 25. The market regulator’s board may have several items on the agenda for discussion, including a revamp in delisting regulations, de-classification of promoters, shareholding norms for Market Infrastructure Institutions (MII) and an innovation growth platform.
