Market Live Updates Today: Trends on SGX Nifty indicate a positive opening for the index in India with a 91 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 91 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 91 points gain.
The BSE Sensex declining 470.40 points or 0.96 percent to 48,564.27 on January 18 while the Nifty50 dipped 152.40 points or 1.06 percent to 14,281.30. According to pivot charts, the key support levels for the Nifty are placed at 14,183, followed by 14,084.7. If the index moves up, the key resistance levels to watch out for are 14,419.4 and 14,557.5.
Asian share markets edged ahead on Tuesday as investors wagered China's economic strength would help underpin growth in the region, even as pandemic lockdowns threatened to lengthen the road to recovery in the West.
Live Updates
- 19 Jan 2021 9:08 AM IST
FinMin releases weekly instalment of Rs 6,000 crore to states to meet GST compensation shortfall
The Finance Ministry on Monday released the 12th instalment of Rs 6,000 crore to states to meet the GST compensation shortfall, taking the total amount released so far under this window to Rs 72,000 crore. The Centre had set up a special borrowing window in October 2020 to meet the estimated shortfall of Rs 1.10 lakh crore in revenue arising on account of implementation of Goods and Services Tax (GST).
- 19 Jan 2021 9:07 AM IST
Banks' low profitability, weak asset quality pose difficulty in boosting digitisation
S&P Global Ratings on January 18 said India's banking system's low profitability and weak asset quality present some difficulties in significantly boosting digitalisation for several state-owned and smaller private-sector banks. In its report titled 'Tech Disruption in retail banking: Top tier banks lead the change', S&P said India's digital disruption, however, poses a relatively low risk to its top-tier banks' longstanding market position.
- 19 Jan 2021 8:58 AM IST
Forex intervention by RBI to touch $93 billion by March
The Reserve Bank of India (RBI) is likely to spend at least $20 billion more to support the rupee and increase the forex kitty through the reminder of the financial year, taking its overall forex intervention to $93 billion.
