Market Live Updates Today: Trends on SGX Nifty indicate a negative opening for the index in India with a 60 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 60 points loss.
image for illustrative purpose
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 60 points loss.
The BSE Sensex rallied 834.02 points to 49,398.29 on January 19 while the Nifty50 climbed 239.90 points to 14,521.20.
According to pivot charts, the key support levels for the Nifty are placed at 14,399.33, followed by 14,277.47. If the index moves up, the key resistance levels to watch out for are 14,594.53 and 14,667.87.
Wall Street's main indexes rose on Tuesday as US Treasury Secretary nominee Janet Yellen advocated for a hefty fiscal relief package before lawmakers to help the world's largest economy ride out a pandemic-driven slump.
The Dow Jones Industrial Average rose 116.26 points, or 0.38%, to 30,930.52, the S&P 500 gained 30.66 points, or 0.81%, to 3,798.91 and the Nasdaq Composite added 198.68 points, or 1.53%, to 13,197.18.
Asian Markets
Investors in Asian markets were poised for gains on Wednesday after Wall Street indexes rose on the back of U.S. Treasury Secretary nominee Janet Yellen's push for a sizable fiscal relief package in response to the COVID-19 pandemic.
Live Updates
- 20 Jan 2021 8:57 AM IST
3 stocks under F&O ban on NSE
BHEL, Vodafone Idea and SAIL are under the F&O ban for January 20. 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.
- 20 Jan 2021 8:57 AM IST
FII and DII data
Foreign institutional investors (FIIs) net bought shares worth Rs 257.55 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 199.3 crore in the Indian equity market on January 19, as per provisional data available on the NSE.
- 20 Jan 2021 8:56 AM IST
Indigo Paints raises Rs 348 crore from 25 anchor investors ahead of IPO
Indigo Paints raises Rs 348 crore from 25 anchor investors ahead of IPO
American venture capital firm Sequoia Capital-backed Indigo Paints, on January 19, garnered Rs 347.9 crore from 25 anchor investors ahead of its initial public offering (IPO), that opens for subscription on January 20. The company informed exchanges that it has finalised the allocation of 23,35,020 equity
- 20 Jan 2021 8:55 AM IST
India plans foreign investment rule changes that could hit Amazon
India is considering revising its foreign investment rules for e-commerce, three sources and a government spokesman told Reuters, a move that could compel players, including Amazon.com Inc, to restructure their ties with some major sellers.
- 20 Jan 2021 8:54 AM IST
SBI, HDFC Bank and ICICI Bank in 2020 list of 'too-big-to-fail' lenders: RBI
The Reserve Bank of India (RBI) on January 19 said State Bank of India (SBI), ICICI Bank and HDFC Bank will continue to be identified as Domestic Systemically Important Banks (D-SIBs) or what is commonly called as lenders that are 'too-big-to-fail'. The RBI said this while announcing the 2020 list of D-SIBs.
The RBI had come with the list of D-SIBs first in 2015 including SBI and ICICI Bank. HDFC Bank’s name was included later in September, 2017. 'Too-big-to-fail' lenders are banks whose failure could impact the financial system as a whole because of their size and interconnectedness. This list is published every year
- 20 Jan 2021 8:53 AM IST
Oil gains on stimulus optimism ahead of Biden inauguration
Oil prices climbed with U.S. stock markets on Tuesday ahead of Joe Biden’s inauguration as U.S. president on optimism that more government stimulus will eventually lift global economic growth.
Brent futures for March delivery rose $1.15, or 2.1%, to settle at $55.90 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 62 cents, or 1.2%, to settle at $52.98. Front-month February WTI futures expire on Wednesday.
