Market Live Updates Today: The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a gap-up opening for the index in India with a 219 points gain
Sensex closed 1030 points, or 2.07 percent, higher at 50,781.69 while Nifty jumped 274 points or 1.86 percent to 14,982.
image for illustrative purpose
Sensex closed 1030 points, or 2.07 percent, higher at 50,781.69 while Nifty jumped 274 points or 1.86 percent to 14,982. BSE Midcap and Smallcap indices closed 0.77 percent and 1.08 percent higher, respectively. Shares on Wall Street ended higher on Wednesday, as a selloff in technology-related stocks eased and a rotation into cyclical shares continued after Federal Reserve Chair Jerome Powell's comments calmed inflation worries.
The Dow Jones Industrial Average closed up 424.51 points, or 1.35%, to 31,961.86, the S&P 500 gained 44.06 points, or 1.14%, to 3,925.43 and the Nasdaq Composite added 132.77 points, or 0.99%, to 13,597.97.
Asian stocks perked up on Thursday after U.S. Federal Reserve Chair Jerome Powell reaffirmed interest rates would stay low, calming market fears that higher inflation might prompt the central bank to tighten the monetary spigot.
Live Updates
- 25 Feb 2021 2:51 PM IST
Nureca locked in upper circuit, jumps 66.66% on debut day
In early trade, Nureca shares were locked in the upper circuit of 5 percent at Rs 666.65 against the opening price of Rs 634.95.
- 25 Feb 2021 2:50 PM IST
Zydus Cadila gets USFDA nod for antidepressant drug
Zydus Cadila has received final approval from the United States Food and Drug Administration (USFDA) to market Nortriptyline Hydrochloride capsules USP, in strengths of 10 mg, 25 mg, 50 mg and 75 mg, Cadila Healthcare said in a regulatory filing.
- 25 Feb 2021 2:49 PM IST
How PLI for laptops, computers will boost Make in India
Currently, laptops and tablets worth about Rs 34,000 crore are purchased in India every year. Of these, four out of five are imported — mostly from markets such as China, Taiwan, Singapore, Malaysia and the United States. Getting these devices manufactured in India will reduce the massive import bill and enable India to become an exporter instead. Building semiconductor fabs will be critical to that dream becoming a reality
- 25 Feb 2021 2:48 PM IST
India GDP: Moody's projects 13.7% growth in FY'22, expects 7% contraction this fiscal
For current fiscal, the US-based rating agency expects the economy to contract 7 percent, lower than its previous estimate of 10.6 percent contraction.
- 25 Feb 2021 2:48 PM IST
Snap Inc will not have 'more feet on the street' in India
Though its second largest market globally in terms of user base, monetisation in this country is a challenge, says the firm; is keen that users inculcate its 'value proposition'
- 25 Feb 2021 2:47 PM IST
Will pursue PLI scheme for IT hardware aggressively, says Atul Lall, MD of Dixon Technologies
Atul Lall, MD of Dixon Technologies spoke at length about the kind of benefits his company is expecting from the PLI scheme
- 25 Feb 2021 2:46 PM IST
Infra.market turns unicorn, raises $100 million led by Tiger Global
Its other investors including Accel Partners, Nexus Venture Partners and Sistema Asia Fund invested as well.
- 25 Feb 2021 2:45 PM IST
ShareChat vying to raise $200 million from China's Tencent via European entity
Sharechat had earlier raised $100 million from Twitter and others in August 2019 and another $40 million from existing investors in September 2020.
- 25 Feb 2021 2:45 PM IST
EU banks collaborating on payments network to rival Mastercard, Visa
A traditionally cash-favouring region, Europe is slowly seeing a trend towards cashless payment options amid the COVID-19 pandemic and lockdowns.
- 25 Feb 2021 9:03 AM IST
Airline industry expected to remain cash negative throughout 2021: IATA
Global airline industry body IATA warned that the outlook for airlines had weakened since its December forecasts, and due to tightening travel restrictions it now expected the sector to still be bleeding cash by the fourth quarter of this year. IATA raised its forecast for total airline cash burn for 2021 to between $75 billion and $95 billion, up from the $48 billion it had forecast in December.
IATA also said on Wednesday it planned to launch a COVID-19 travel pass at the end of March, bringing into use a digital system for test results and vaccine certificates which will help facilitate travel.
