Market Live Updates Today: Trends on SGX Nifty indicate a positive opening for the index in India with a 93 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 93 points gain.
image for illustrative purpose
The BSE Sensex rallied 2,314.84 points or 5 percent to 48,600.61 on February 1 after weakness seen in previous six consecutive sessions, while the Nifty50 climbed 646.60 points or 4.74 percent to 14,281.20.
According to pivot charts, the key support levels for the Nifty are placed at 13,849.9, followed by 13,418.6. If the index moves up, the key resistance levels to watch out for are 14,524.4 and 14,767.6.
The S&P 500 registered its biggest daily percentage gain since Nov. 24 on Monday after a steep sell-off last week, and technology-related shares led the advance, while a move by retail traders into silver drove up mining shares.
The Dow Jones Industrial Average rose 229.29 points, or 0.76%, to 30,211.91, the S&P 500 gained 59.62 points, or 1.61%, to 3,773.86 and the Nasdaq Composite added 332.70 points, or 2.55%, to 13,403.39.
Asian markets looked set for a modestly firmer start on Tuesday as global markets faced another chaotic week, with retail investors expanding their duel with Wall Street into commodities and driving up the price of silver.
Stay Tuned For Live Updates.
Live Updates
- 2 Feb 2021 1:41 PM IST
Sensex jumps 1,500 points, Nifty reclaims 14,700
Analysts pointed out that the Union Budget 2021 has avoided significant negatives for the market and there are many positive takeaways.
- 2 Feb 2021 1:39 PM IST
3 new dedicated freight corridors to see Rs 2.17 lakh crore investment
The asset monetisation plan includes leasing out the tracks to private players to operate their trains
- 2 Feb 2021 1:39 PM IST
Finance Minister delivered in Budget 2021
Over and above this the FM also announced much better tax regime for INVITs which should open up another way of funding for the infrastructure players.
- 2 Feb 2021 1:38 PM IST
Cummins India: Margin of safety shrinks, returns could moderate The recent run up in share prices led by optimism driven post the budget captures large part of improvemnt in fundamentals
The recent run up in share prices led by optimism driven post the budget captures large part of improvemnt in fundamentals
- 2 Feb 2021 1:38 PM IST
Nifty Bank rallies over 10% post Budget
Motilal Oswal picks ICICI Bank, SBI, Axis Bank, and AU Finance as top picks while ICICIdirect is positive on Axis and SBI post Budget 2021.
- 2 Feb 2021 1:37 PM IST
Budget 2021: No surprise in form of new taxes provides a catalyst for economic recovery: Nilesh Shah
FM has really done a commendable job by presenting a growth-focused budget and by taking higher fiscal deficit route as a policy decision, both for FY21 and FY22.
- 2 Feb 2021 8:48 AM IST
FII and DII data
Foreign institutional investors (FIIs) net bought shares worth Rs 1,494.23 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 90.46 crore in the Indian equity market on February 1, as per provisional data available on the NSE.
- 2 Feb 2021 8:47 AM IST
Budget does not address inequities, bold for its fiscal stance: Economists
Economists hailed Finance Minister Nirmala Sitharaman for a "bold budget" focused on fiscal expansion but flagged concerns over the proposals for not addressing the problems of inequitable growth. Concerns over the impact on the sovereign rating have been sidestepped in the budget by using a wider fiscal deficit for addressing the growth needs, they said. The budget was widely expected to be a fiscally expansionary one, given the concerns on the growth front.
- 2 Feb 2021 8:47 AM IST
Indigo Paints listing on February 2
Indigo Paints, one of the fastest-growing paint companies in India, is expected to debut on the bourses on February 2 after finalising the issue price at Rs 1,490 per share - the higher price band of its public offer.
Most experts feel the listing premium of the paint company could be around 50 percent over the issue price, given the strong subscription its public offer received, revived market sentiment, and the company being a differentiated product's maker, which boosted its margin.
- 2 Feb 2021 8:46 AM IST
Indian Railways' capex at record high; operating ratio improves
As the Union Budget lined up the highest-ever capital expenditure (capex) plan of Rs 2.15 lakh crore for the Indian Railways for the financial year 2021-22, it showed an improved operating ratio of 96.15 percent for the year.
As the Union Budget lined up the highest-ever capital expenditure (capex) plan of Rs 2.15 lakh crore for the Indian Railways for the financial year 2021-22, it showed an improved operating ratio of 96.15 percent for the year.
