Market Live Updates Today: Trends on SGX Nifty indicate a gap-up opening for the broader index in India with a gain of 102
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nse stock market, bse stock market, stock market sensex, stock market news today, February Nifty indicate a gap-up opening for the broader index with a 102-point rise.
The BSE Sensex plunged 1,747 points to 56,406, while the Nifty50 fell 532 points to 16,843 and formed a large bearish candle on the daily charts, indicating nervousness going ahead.
According to the pivot charts, the key support levels for the Nifty are placed at 16,735, followed by 16,628. If the index moves up, the key resistance levels to watch out for are 17,025 and 17,207.
US Markets
The Dow Jones Industrial Average fell 171.89 points, or 0.49 percent, to 34,566.17; the S&P 500 lost 16.97 points, or 0.38 percent, at 4,401.67; and the Nasdaq Composite dropped 0.24 points, or 0 percent, to 13,790.92.
Asian Markets
Asian benchmarks dropped on Tuesday as investors contemplated the implications of an imminent Russian invasion on Ukraine. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4 percent in early regional trade after stock markets in the United States and Europe lost ground on Monday.
Japan's Nikkei was down 0.2 percent, while in Australia, the S&P/ASX200 was off 0.32 percent.
Live Updates
- 15 Feb 2022 1:28 PM IST
Indian IT revenues grow fastest in a decade to $227 bn in pandemic-hit FY22: Nasscom
India's information technology sector is set to become a $227 billion industry in FY22, registering a 15.5% growth, industry body Nasscom said on Tuesday.
At 15.5%, growth is the highest in over a decade. Industry revenues had grown by 2.3% to $194 billion in FY21.
In its yearly strategic review for FY22, Nasscom said the industry added 4.5 lakh new jobs to take the overall direct employees to 50 lakh people. Over 44 per cent of the new hires were women, and their overall share is now 18 lakh.
Export revenues grew 17.2% to $178 billion, while domestic revenues grew 10% to $49 billion, it said.
- 15 Feb 2022 1:26 PM IST
Vedanta Fashions stock to list on Feb 16
Shares of Vedanta Fashions, which owns the famous Manyavar brand, will make their market debut on February 16. The stock is likely to make a flat listing, its grey market premium (GMP) suggests a day ahead of opening. GMP of the stock stood at minus Rs 2 today which signals that the share will likely make its debut at Rs 864 on BSE.
- 15 Feb 2022 9:10 AM IST
FII and DII data
Foreign institutional investors (FIIs) have made a net selling of Rs 4,253.70 crore worth of shares, whereas domestic institutional investors (DIIs) have net bought Rs 2,170.29 crore worth of shares in the Indian equity market on February 14, as per provisional data available on the NSE.
- 15 Feb 2022 9:10 AM IST
India's Jan WPI inflation in double digits for 10th month
India's wholesale price index stayed in the double digits in January, for the 10th month in a row, as firms grapple with rising input costs and more pass on higher prices to consumers.
Wholesale prices in January rose 12.96 percent from a year earlier, less than the previous month's 13.56 percent, government data showed on Monday. It was higher than the 12.70 percent forecast in a Reuters poll of analysts, in part due to higher food prices - up 9.55 percent on the year, versus 9.24 percent in December.
- 15 Feb 2022 9:09 AM IST
Banning cryptocurrency the most advisable choice open to India, says RBI Deputy Governor
Launching a strong attack on Cryptocurrency, Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar on February 14 said banning cryptocurrency is "perhaps the most advisable choice open to India".
Sankar said this while speaking at the the Indian Banks Association 17th Annual Banking Technology Conference and Awards. "We have examined the arguments proffered by those advocating that cryptocurrencies should be regulated and found that none of them stand up to basic scrutiny," Sankar said.
- 15 Feb 2022 9:09 AM IST
LIC IPO: Can expect SEBI nod within three weeks, says DIPAM secretary
Secretary of Department of Investment and Public Asset Management (DIPAM) Tuhin Kanta Pandey, while speaking to CNBC TV-18, said that he estimates a three-week window for the go-ahead from the Securities and Exchange Board India (SEBI) for LIC's IPO.
LIC filed its draft red herring prospectus (DRHP) with SEBI to sell 5 percent stake via an offer for sale. At least 35 percent of the issue will be reserved for retail investors. The prospectus also highlighted that the embedded value is 5.39 lakh crore.
- 15 Feb 2022 9:08 AM IST
Oil hits 7-year highs as market fears Russian attack on Ukraine imminent
Oil prices surged over 2 percent on Monday to their highest in more than seven years as Ukraine's president declared a "day of unity" for February 16, a date that some western media have cited as a possible start of a Russian invasion.
Brent crude rose $2.04, or 2.2 percent, to settle at $96.48 a barrel, after touching its highest since September 2014 at $96.78. US West Texas Intermediate (WTI) crude rose $2.36, or 2.5 percent, to settle at $95.46 a barrel, after hitting $95.82, the loftiest since September 2014.
- 15 Feb 2022 9:08 AM IST
CPI inflation jumps to 6.01% in January 2022, highest in seven months
India's headline inflation rate based on the Consumer Price Index (CPI) jumped to 6.01 percent in January 2022, as per data released by the National Statistical Office on February 14. At 6.01 percent, last month's CPI inflation reading is the highest in seven months. CPI inflation was 5.66 percent in December 2021.
The inflation print for January 2022 is along expected lines, with Reserve Bank of India (RBI) Governor Shaktikanta Das saying earlier today that it was likely to come in around the 6.00 percent mark, largely due to an unfavourable base effect.
