Market Live Updates Today: Trends on SGX Nifty indicate a positive opening for the index in India with a 67 points gain
The BSE Sensex fell 397 points to close at 50,395.08 on March 15 while the Nifty50 was down 101.50 points to 14,929.50.
image for illustrative purpose
The BSE Sensex fell 397 points to close at 50,395.08 on March 15 while the Nifty50 was down 101.50 points to 14,929.50.
According to pivot charts, the key support levels for Nifty are placed at 14,767.4 followed by 14,605.3. If the index moves up, the key resistance levels to watch out for are 15,070 and 15,210.5.
The Dow Jones Industrial Average rose 0.53% to end at 32,953.46 points, while the S&P 500 gained 0.65% to 3,968.94. The Nasdaq Composite climbed 1.05% to 13,459.71.
Asian stocks were set to open higher on Tuesday after Wall Street's main indeces closed at record highs and investors awaited comments from the U.S. central bank's meeting later this week.
Live Updates
- 16 March 2021 9:51 AM IST
Sebi may direct exchanges to operate from DR site within 45 minutes if tech glitch halts trading
The Securities and Exchange Board of India (Sebi) may make it mandatory for market infrastructure institutions (MIIs) to start operations from disaster recovery (DR) sites within 45 minutes if a technical glitch halts trading, sources say.
The market regulator is expected to issue a circular soon in this regard. The move comes in the wake of the technical glitch at the National Stock Exchange (NSE) on February 24 that halted trading for hours. All main exchanges have an alternative base of operation called DR site to help them conduct operations seamlessly during an emergency.
- 16 March 2021 9:49 AM IST
GST compensation required by state govts for FY22 to touch Rs 2 trillion: ICRA
Rating agency ICRA on March 15 estimated that the goods and services tax (GST) compensation required by the state governments for FY22 could be between Rs 2.7 trillion and Rs 3 trillion and the shortfall in cess collections would be Rs 1.6-2 trillion.
The agency has also projected the states’ enhanced borrowing limit for FY2022 at Rs 2.2 trillion. The state governments may need to utilise as much as 70-90 percent of their enhanced borrowing limits for FY2022, to meet the shortfall in the GST compensation requirement relative to the expected cess collections, it said.
- 16 March 2021 9:15 AM IST
Exports rise for third straight month in February, trade deficit spikes 24%
India’s merchandise exports managed to grow for the third straight month in February, rising by a marginal 0.67 percent. Released on March 15, the latest official data for India's foreign trade gives more credence to the prediction of economists and exporters that strong and consistent growth in the sector will take some time to emerge.
The latest pace of rise has slowed down from January's 6.16 percent growth as trade in major foreign exchange earners such as petroleum, gems & jewellery and engineering goods continued to take a hit. Outbound trade stood at $27.9 billion, according to the Commerce and Industry Ministry. The data shows cumulative exports in the first eleven of the financial year fell 12.23 percent to $256.1 billion, as compared to the same period in the previous year.
- 16 March 2021 9:10 AM IST
Sebi approves Paytm UPI handle for IPO applications
Digital payments firm Paytm Payments Bank on Monday said Securities and Exchange Board of India has approved Paytm UPI handle to enable fast and seamless payment mandates for IPO applications.
Paytm Payments Bank (PPBL) has also entered into a partnership with Paytm Money to enable payment mandates for IPO applications. Paytm Money has the aim to bring 10 million Indians to equity markets by the financial year 2022.
- 16 March 2021 8:57 AM IST
Oil slips, retreats from gains notched on strong Chinese data
Oil prices edged lower on Monday, pulling back from early gains fostered on strong Chinese economic news and ongoing supply restraint from major oil producers.
Brent crude futures for May settled at $68.88 a barrel, losing 34 cents. U.S. West Texas Intermediate crude for April settled at $65.39 a barrel, shedding 22 cents.
