Market Live Updates Today: Trends on SGX Nifty indicate a negative opening for the index in India with a 77 points loss
The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a negative opening for the index in India with a 77 points loss.
The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a negative opening for the index in India with a 77 points loss.
The BSE Sensex was down 154.89 points to close at 49,591.32 on April 9 while the Nifty50 fell 38.90 points to 14,834.90.
According to pivot charts, the key support levels for the Nifty are placed at 14,774.17, followed by 14,713.53. If the index moves up, the key resistance levels to watch out for are 14,906.97 and 14,979.13.
The Dow Jones Industrial Average rose 297.03 points, or 0.89%, to 33,800.6, the S&P 500 gained 31.63 points, or 0.77%, to 4,128.8 and the Nasdaq Composite added 70.88 points, or 0.51%, to 13,900.19.
Asian shares started cautiously on Monday as investors wait to see if U.S. earnings can justify sky-high valuations, while bond markets could be tested by what should be very strong readings for U.S. inflation and retail sales this week.
In Tier-1, Motilal Oswal expects strong sequential growth trends across all companies baring Tech Mahindra, which will have a soft quarter on account of lower deal wins.
The latest glitch in the troubled flight of Boeing’s most-sold aircraft means that SpiceJet, the only Indian airline that uses Max 737, will have to keep 13 of its planes mothballed. This may not be bad news as it will get compensation from the Boeing at a time when it may not need to fly them as the second wave of the pandemic has hit air travel.
Tata Motors will provide technical know-how and expertise for vehicle dismantling units, but dealers will have to scope for investors themselves.
Bengaluru-based WeWork India, which provides flexible workspace to corporates and individuals, sold 10,000 desk during the January-March quarter comprising about 7 lakh sq ft office space.
In India, the second wave has created an urgent need to boost the vaccination drive. Currently, only those above the age of 45 are eligible for vaccination.
As per the latest data by the Society of Indian Automobile Manufacturers (SIAM), in the 2020-21 fiscal, passenger vehicle wholesales declined by 2.24 percent to 27,11,457 units as against 27,73,519 units in 2019-20
SAIL is under the F&O ban for April 12. 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.
Foreign institutional investors (FIIs) net sold shares worth Rs 653.51 crore, while domestic institutional investors (DIIs) net offloaded shares worth Rs 271.26 crore in the Indian equity market on April 9, as per provisional data available on the NSE.
Bengaluru-based Shriram Properties has filed a draft document with market regulator Sebi to raise up to Rs 800 crore through an initial public offer (IPO). According to sources, Shriram Properties filed the draft red herring prospectus (DRHP) on Friday.
As per DRHP, the company proposes to raise up to Rs 800 crore through IPO. Out of the total IPO size, it plans to raise Rs 250 crore through fresh issue of equity shares and Rs 550 crore through offer for sale.
Heightened risk and uncertainty sparked by the COVID-19 pandemic elicited investors to rush to gold as safe haven as they infused over Rs 6,900 crore in gold exchange-traded funds (ETFs) in 2020-21, more than four times from the preceding fiscal.