Market Live Updates Today: Trends on SGX Nifty indicate a positive opening for the index in India with a 78 points gain
The BSE Sensex was up 12.78 points at 51,544.30 on February 12 while the Nifty50 declined 10 points to 15,163.30. According to pivot charts, the key support levels for the Nifty are placed at 15,081.7, followed by 15,000.1. If the index moves up, the key resistance levels to watch out for are 15,244.2 and 15,325.1.
image for illustrative purpose
The BSE Sensex was up 12.78 points at 51,544.30 on February 12 while the Nifty50 declined 10 points to 15,163.30. According to pivot charts, the key support levels for the Nifty are placed at 15,081.7, followed by 15,000.1. If the index moves up, the key resistance levels to watch out for are 15,244.2 and 15,325.1.
The S&P 500 and Nasdaq set record closing highs on Friday as investors bought energy, financial and materials shares and sold big tech stocks in anticipation of new fiscal aid from Washington to help the U.S. economy recover.
The Dow Jones Industrial Average rose 27.7 points, or 0.09%, to 31,458.4, the S&P 500 gained 18.45 points, or 0.47%, to 3,934.83 and the Nasdaq Composite added 69.70 points, or 0.5%, to 14,095.47.
Asian shares advanced to record highs on Monday and oil rose to a more than one year peak as successful coronavirus vaccine rollouts globally raise hopes of a rapid economic recovery amid new fiscal aid from Washington.
Japan's Nikkei climbed 1.3%, despite data showing the country's recovery from its worst postwar recession slowed in the fourth quarter. Australia's benchmark index was up 1%.
Trends on SGX Nifty indicate a positive opening for the index in India with a 78 points gain. The Nifty futures were trading at 15,236 on the Singaporean Exchange around 07:30 hours IST.
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Live Updates
- 15 Feb 2021 9:23 AM IST
India's forex reserves down by $6.24 billion to $583.945 billion
The country’s foreign exchange reserves declined by a massive USD 6.24 billion to reach $583.945 billion in the week ended February 5, RBI data showed on Friday. In the previous week, the reserves had touched a record high of $590.185 billion after rising by $4.852 billion.
In the reporting week ended February 5, the decline in the forex kitty was mainly on account of a fall in foreign currency assets (FCAs), a major component of the overall reserves.
- 15 Feb 2021 9:22 AM IST
Sebi extends timeline for submission of comments on proposal to new appointments
Markets regulator Sebi on Friday extended to February 26 the last date for submission of public comments on a proposal regarding appointment of managing directors and whole-time directors.
The proposal is aimed at ensuring shareholder supremacy on the appointment of such positions. The regulator, through the consultation paper, had proposed that a person rejected by a listed company's shareholders as a managing director or whole-time director can be appointed or re-appointed to the post only after the company fulfills various conditions, including providing detailed justifications.
- 15 Feb 2021 9:21 AM IST
FPIs invest Rs 22,038 crore in February so far amid post-Budget cheer
Continuing their buying trend, foreign portfolio investors (FPIs) have pumped in a net Rs 22,038 crore into the Indian markets in February so far amid positive sentiments around the Union Budget. According to depositories data, overseas investors poured in Rs 20,593 crore into equities and Rs 1,445 crore in the debt segment, taking the total net investment to Rs 22,038 crore during February 1-12.
- 15 Feb 2021 9:20 AM IST
IIP turns positive in December, grows by 1% after temporary blip in November
Index of Industrial Production (IIP) for the month of December turned positive again and showed an expansion of 1 percent, primarily led by basic metals, pharmaceutical and petrochemical products, and an overall positive growth in the manufacturing sector.
“For the month of December 2020, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 135.9. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of December 2020 stand at 115.1, 137.5 and 158.0 respectively,” the National Statistical Office (NSO) said in a press release on February 12.
- 15 Feb 2021 9:20 AM IST
January CPI inflation comes in at 4.06%
Consumer Price Index-based inflation (CPI) for the month of January came in at 4.06 per cent, the second consecutive month of retail inflation falling within the Monetary Policy Committee’s medium-term inflation target range of 4 (+/-2 percent), official data showed on February 12.
The biggest drop in prices came in the vegetables ‘sub-group’. Vegetable inflation was -15.84 percent year-on-year. However, inflation in the case of pulses, meat and fish and eggs showed high inflation, at 13.39 percent, 12.54 percent, and 12.85 percent, respectively.
- 15 Feb 2021 9:19 AM IST
Oil rises on fears of heightened tensions in Middle East
Oil prices rose to their highest in more than a year on Monday, after a Saudi-led coalition fighting in Yemen said it intercepted an explosive-laden drone fired by the Iran-aligned Houthi group, raising fears of fresh Middle East tensions.
Brent crude was up 66 cents, or 1.1%, at $63.09 a barrel at 0004 GMT, after climbing to a session high of $63.44, the highest since Jan. 22, 2020.
