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Pre-open session: Sensex jumps 380 points, Nifty nears 13,700
The Sensex has declined 7% in the last five trading sessions before the budget, in line with the rest of Asia, as foreign institutional investors booked profits from some emerging markets. Will the trend reverse after the budget?
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SGX Nifty signals muted start
Nifty futures on the Singapore Exchange traded 19 points, or 0.14 per cent, lower at 13,701.50 in signs that Dalal Street was headed for a muted start on Monday.
FM to table Budget 2021 today
Finance Minister Nirmala Sitharaman will table Budget 2021 on Monday. The Budget presentation will begin with a speech from Finance Minister scheduled to take place at around 11 am. Ahead of her third Budget presentation, the Finance Minister and her team will meet President Ram Nath Kovind, and will likely be accompanied by her deputy Anurag Thakur and other officials of the Finance Ministry.
FIIs sell Rs 5,931 crore worth stocks
Net-net, foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 5,930.66 crore, data available with NSE suggested. DIIs were net buyers to the tune of Rs 2443.20 crore, data suggests.
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Kansai Nerolac, Castrol to report Q3 results
Kansai Nerolac, Castrol India, Zydus Wellness, Coromandel International, Finolex Industries, MRPL, Mastek, Subex, Reliance Infra, Reliance Capital and Rane Brake Lining are among major companies which will announce their December quarter results today.
Tech View: Nifty forms Bearish candle
Nifty50 on Friday failed to capitalise on a gap-up start and fell below its crucial 50-day moving average, before settling lower for the sixth day in a row. A Long Bearish Candle on the daily chart for the day dashed hope of any recovery and made analysts set a near-term target as low as 13,200 for the index.
Asian markets rise in early trade
Asian shares rose on Monday despite worries that problems with vaccine rollouts combined with new strains of COVID-19 will delay a global economic recovery. Japan’s Nikkei bounced 1.03 per cent to 27,947.40. Hong Kong’s Hang Seng advanced 1.02 per cent to 28,571.44 . Korea’s Kospi added 1.46 per cent to 3,019.72.
US stocks settled 2% lower on Friday
Stocks sank again as a speculative frenzy over GameStop and a handful of other stocks ramps up worries over how much damage an online revolt against Wall Street bigwigs can do to the broader market. The S&P500 index fell 73.14 points, or 1.9 per cent, to 3,714.324. The Dow Jones Industrial Average fell 620.74 points, or 2 per cent, to 29,982.62. The Nasdaq fell 266.46 points, or 2 per cent, to 13,070.69.
Rupee gains 9 paise to finish at 72.96 against US dollar
The rupee gained 9 paise to settle at 72.96 against the US dollar on Friday even as the domestic equity markets closed with significant losses….
Go to the news source: Pre-open session: Sensex jumps 380 points, Nifty nears 13,700; all eyes on Budge…