Market Live Updates Today: Trends on SGX Nifty indicate a gap-down opening for the broader index in India with a loss of 233 points.
Profit booking in IT, FMCG stocks amid subdued trend
The BSE Sensex plunged 773 points or 1.31 percent to 58,153, while the Nifty50 declined 231 points or 1.31 percent to 17,375 and formed a bearish candle on the daily charts. As long as the Nifty holds 17,300 mark, the positive bias is expected to continue, whereas 17,000 could be a crucial support in the coming days, experts feel.
According to the pivot charts, the key support levels for the Nifty are placed at 17,300.27, followed by 17,225.73. If the index moves up, the key resistance levels to watch out for are 17,452.07 and 17,529.33.
US Markets
Global shares dropped on Friday on rising worries over escalating Ukraine-Russia tensions and the prospect of a tightened interest rate hike timeline from the US Federal Reserve in response to decades-high inflation.
The Dow Jones Industrial Average ended down 503.53 points, or 1.43 percent, at 34,738.06; the S&P 500 lost 85.44 points, or 1.9 percent, at 4,418.64; and the Nasdaq Composite dropped 394.49 points, or 2.78 percent, to 13,791.15.
Asian Markets
Asian shares slipped on Monday as warnings Russia could invade Ukraine at any time sent oil prices to seven-year peaks, boosted bonds and belted the euro.
The cautious mood saw MSCI's broadest index of Asia-Pacific shares outside Japan drop 0.2%, while Japan's Nikkei lost 2.1 percent.
Live Updates
- 14 Feb 2022 3:37 AM GMT
Sebi bars Reliance Home Finance, Anil Ambani, 3 others from securities market
Sebi on February 11 restrained Reliance Home Finance Ltd, industrialist Anil Ambani and three other individuals from the securities market for allegedly siphoning off funds from the company. The three other individuals are Amit Bapna, Ravindra Sudhakar and Pinkesh R Shah.
In a 100-page interim order, the regulator also restrained the individuals from "associating themselves with any intermediary registered with Sebi, any listed public company or acting directors/ promoters of any public company which intends to raise money from the public till further orders."
- 14 Feb 2022 3:37 AM GMT
FII and DII data
Foreign institutional investors (FIIs) have made net buying of Rs 108.53 crore worth of shares, whereas domestic institutional investors (DIIs) have net sold Rs 696.90 crore worth of shares in the Indian equity market on February 11, as per provisional data available on the NSE.
- 14 Feb 2022 3:36 AM GMT
LIC IPO: Govt files draft papers with SEBI for mega listing
The Union government on February 13 has filed the draft red herring prospectus (DRHP) of state-owned Life Insurance Corporation of India with market regulator SEBI to launch the much awaited IPO before the end of March.
- 14 Feb 2022 3:36 AM GMT
MFs garner nearly Rs 1 lakh crore via NFOs in 2021 on sharp rally in stock market
Mutual fund houses launched 140 new fund offerings (NFOs), which collected about Rs 1 lakh crore in 2021 on a sharp rally in the markets and an exceptional increase in the retail investors' interest. However, the current volatility in the stock market might prompt asset management companies (AMCs) to limit the launch of NFOs this year, said MyWealthGrowth.com co-founder Harshad Chetanwala.
The maximum number of funds (25) were launched in the index fund segment, which amassed Rs 4,082 crore, followed by other ETFs (24), which collected Rs 7,482 crore and fixed-term plans (23), which mobilised Rs 5,057 crore. In addition, investors were attracted to international funds and sectoral or thematic funds. The AMCs launched 12 sectoral or thematic funds, which raised Rs 13,237 crore and floated 12 overseas funds of funds, which mopped up Rs 6,351 crore.
- 14 Feb 2022 3:35 AM GMT
Forex reserves rise to $631.953 billion
The country's foreign exchange reserves increased by $2.198 billion to $631.953 billion in the week ended February 4, RBI data showed. In the previous week ended January 28, the reserves had declined by $4.531 billion to $629.755 billion. It touched a lifetime high of $642.453 billion in the week ended September 3, 2021.
During the reporting week, the surge in the foreign exchange reserves was on account of a rise in the Foreign Currency Assets (FCA), a major component of the overall reserves, and gold reserves, according to Reserve Bank of India's (RBI) weekly data released on Friday. FCA increased by $2.251 billion to $568.329 billion in the week ended February 4.
