Market Live Updates Today: Trends on SGX Nifty indicate a negative opening for the index in India with a 81 points loss
The S&P BSE Sensex was down 19.69 points at 51,309.39 on February 10 while the Nifty50 fell 2.80 points to 15,106.50. According to pivot charts, the key support levels for the Nifty are placed at 14,999.73, followed by 14,892.97. If the index moves up, the key resistance levels to watch out for are 15,190.73 and 15,274.97.
Buy on intraday corrections and sell on rallies
The S&P BSE Sensex was down 19.69 points at 51,309.39 on February 10 while the Nifty50 fell 2.80 points to 15,106.50. According to pivot charts, the key support levels for the Nifty are placed at 14,999.73, followed by 14,892.97. If the index moves up, the key resistance levels to watch out for are 15,190.73 and 15,274.97.
The S&P 500 and the Nasdaq edged slightly lower on Wednesday as big tech stocks slid amid an ongoing rotation of portfolio holdings that gave a boost to energy shares and kept the overall market near record highs.
The Dow Jones Industrial Average rose 61.97 points, or 0.2%, to 31,437.8, the S&P 500 lost 1.35 points, or 0.03%, to 3,909.88 and the Nasdaq Composite dropped 35.16 points, or 0.25%, to 13,972.53.
Stocks were flat in early trading in Asia on Thursday as investors kept tapping the brakes on runs in asset prices after taking in tepid U.S. inflation data and comments from the Federal Reserve chief affirming the outlook for a slow recovery.
Live Updates
- 11 Feb 2021 3:23 AM GMT
Hiring activity remains stable in January 2021: Monster Employment Index
Hiring activity has remained stable in India in January 2021, as per Monster Employment Index, a job analysis report by Monster.com, a Quess company.
The report said the index has been stable since November 2020, as hiring activity remained consistent with a neutral trend in the last quarter. However, there has been a year-on-year decline of 18 percent as of January 2021 compared to the previous year due to the impact of the pandemic.
- 11 Feb 2021 3:22 AM GMT
Ahead of IPO, Rakesh Jhunjhunwala-backed Nazara Tech raises Rs 100 crore in funding
Gaming firm Nazara Technologies, which is backed by ace investor Rakesh Jhunjhunwala, has raised Rs 100 crore in funding from Instant Growth Ltd (IGL). The fund was raised just weeks after it filed its preliminary papers with markets regulator Securities and Exchanges Commission of India (Sebi) to float an initial public offering (IPO).
- 11 Feb 2021 3:21 AM GMT
RBI buys government bonds worth Rs 20,000 crore through open market operation
The Reserve Bank of India (RBI) on February 10 bought bonds worth Rs 20,000 crore through an open market operation (OMO). The OMO is a mechanism through which the RBI either buys or sells bonds to manage the rupee liquidity in the market.
The central bank bought Rs 14,654 crore worth 10-year bonds at a cut-off yield of 6 percent and bought Rs 2,040 crore worth four-year paper and Rs 3,306 crore of 14-year paper, according to the details published by the central bank. The RBI, which announced the OMO on February 8, received total bids of Rs 89,234 crore.
- 11 Feb 2021 3:20 AM GMT
Oil in longest rally in two years
Oil prices rose on Wednesday, extending its rally for a ninth day, its longest winning streak in two years, supported by producer supply cuts and hopes vaccine rollouts will drive a recovery in demand.
Brent crude settled up 38 cents, or 0.6%, at $61.47 a barrel, after touching a 13-month high of $61.61. U.S. crude closed 32 cents, or 0.6%, higher at $58.68 a barrel, also after touching a 13-month high at $58.76.
