Market Live Updates Today: Trends on SGX Nifty indicate a positive opening for the index in India with a 52 points gain.
The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a positive opening for the index in India with a 52 points gain.
image for illustrative purpose
The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a positive opening for the index in India with a 52 points gain.
The S&P BSE Sensex climbed 358.54 points to 50,614.29 on February 4 while the Nifty50 rose 105.70 points to 14,895.70. According to pivot charts, the key support levels for the Nifty are placed at 14,769.1, followed by 14,642.5. If the index moves up, the key resistance levels to watch out for are 14,968 and 15,040.3.
US stocks rose more than 1% on Thursday and the S&P 500 and Nasdaq posted record closing highs after another batch of upbeat earnings and data suggesting the labor market may be stabilizing.
Asian futures were little changed in early trading after progress in vaccine distribution and a large U.S. stimulus program sent two major Wall Street indexes to record closing highs.
E-mini futures for the S&P 500 and Hong Kong's Hang Seng index futures were essentially flat while Japan's Nikkei 225 futures inched 0.1% higher. The Australian S&P/ASX 200 index rose 0.9% in early trade.
Live Updates
- 5 Feb 2021 3:15 PM IST
Q3 earnings to trigger more upgrades, brokerages peg Nifty EPS growth at 15% for FY21
The cost-saving initiatives and the festive season consumption demand also helped India Inc post a strong quarterly scorecard.
- 5 Feb 2021 3:15 PM IST
Budget 2021 is a sigh of relief for startup ecosystem
The startup ecosystem is now ready to draw upon its structural strengths such as the availability of a strong talent pool combined with a large amount of foreign capital flowing into the ecosystem
- 5 Feb 2021 3:15 PM IST
Centre may modify law to grant IDBI bank licence
As reported in December 2020 that LIC, which holds a 51 percent stake in IDBI Bank, is looking to pare its stake in the lender.
- 5 Feb 2021 3:14 PM IST
'RBI internal panel working on model of central bank's digital currency, decision very soon'
It can be noted that the RBI had earlier announced its intent to come out with an official digital currency, in the face of proliferation of cryptocurrencies like Bitcoin about which the central bank has had many concerns. The government last week moved to ban private cryptocurrencies.
- 5 Feb 2021 3:14 PM IST
Loss of goodwill in M&A forever
The depreciation on goodwill is always an essential element in calculating post-tax return of an acquisition proposal and would severely impact payback calculations of every M&A deal, and the corresponding negotiations in the bid or offer price for an asset
- 5 Feb 2021 3:08 PM IST
M&M Q3 profit jumps 40% to Rs 530 crore, beat estimates
Revenue from operations grew by 16 percent year-on-year to Rs 14,056.5 crore in Q3FY21, with strong tractor volumes.
- 5 Feb 2021 3:07 PM IST
Inflation, growth projections from RBI could be an indication of end of the rate cut cycle: Experts
Sampath Reddy of Bajaj Allianz Life feels the RBI MPC continued with their dovish undertone of maintaining an accommodative stance into next fiscal year — to support growth on a durable basis.
- 5 Feb 2021 3:06 PM IST
PMC Bank gets three final bids; evaluation to decide winner underway, says RBI Governor Shaktikanta Das
PMC Bank was superseded by the RBI in September 2019 due to poor finances and major corporate governance violations.
- 5 Feb 2021 8:48 AM IST
2 stocks under F&O ban on NSE
Punjab National Bank and SAIL are under the F&O ban for February 5 as market is in the initial days of the February series. 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.
- 5 Feb 2021 8:48 AM IST
FII and DII data
Foreign institutional investors (FIIs) net bought shares worth Rs 1,936.74 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 768.55 crore in the Indian equity market on February 4, as per provisional data available on the NSE.
