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Top things You should know before the Stock market opens
The Indian Stock Market Opens is expected to open in the red. As the fashion on SGX Nifty points out a negative opening for the index in India. With a 29 points loss.
The BSE Sensex jumped 871.13 points or 1.74 percent. To the points of 49,180.31 on the year March 24. While the Nifty50 fell 265.40 points, or 1.79 percent, to the points of 14,549.40. According to the pivot charts, the key support levels for the Nifty are placed at points of 14,472.17.
Followed by the points of 14,394.93. If the index moves up. The key to the refusal to accept levels to watch out for is points of 14,689.47 and 14,829.53.
Stay tuned to Moneycontrol. To find out what happens in the currency and also equity markets today. We have collected and combined a list of important headlines across the news platforms. That could impact the Indian as well as the international markets.
The United States Stock Market Opens
The S&P 500 closed lower on the day of Wednesday. It is unable to a suspension of movement. The existing day’s selloff. As the investors are set aside hopefulness and confidence about the future. On the economic recovery by Federal Reserve Chair Jerome Powell. The Treasury Secretary Janet Yellen.
The Dow Jones Industrial Average fell on the 5 points, or 0.02 percent also to 32,418.15. The S&P 500 lost 21.37 points or 0.55 percent. Also, the points of 3,889.15. The Nasdaq Composite dropped in 265.81 points, or 2.01 percent, to 12,961.89.
The Asian Stock Market Opens
Asian markets will likely open the mix on Thursday. After the global, the value of the shares issued by a company is dipped. The United States investors are considered. That which stock market sector would most benefit from the strengthening growth.
The Australian S&P/ASX 200 futures lost 0.18% in early trading. Hong Kong’s Hang Seng index futures lost points 0.42%. Japan’s Nikkei firm with 225 futures rose 0.39%.
The SGX Nifty
Fashion on SGX Nifty points out a negative opening for the index. In India with a 29 points loss. The Nifty futures were business at points of 14,531. On the Singaporean Exchange around 07:30 hours IST.
Oil prices move smoothly along a surface
Oil prices turning too quickly around 2%. As the fuel demand concerns appear again alongside fresh coronavirus pandemic lockdowns. Decoration overnight gains spurred by the grounding of a big container ship. That is blocking the crude shipments through the Suez Canal.
The Brent crude futures move smoothly with the price of $1.14, or 1.8%, to $63.27. A barrel at 0139 GMT, after jumping 6% overnight. The United States West Texas coming between two things in time. The WTI crude futures dropped by the price of $1.27, or 2.1%. To the price of $59.91 a barrel after climbing to 5.9% overnight.
The CBI books DHFL promoters for creating over 2.6 lakh fake home loan accounts
The Central Bureau of Investigation has registered another case. Against the promoters of DHFL that is Dewan Housing Finance Ltd for allegedly creating 2.60 lakh fake home loan accounts. Under the Pradhan Mantri Aawas Yojana.
The promoters fraudulently help to benefits under PMAY. To the tune of Rs. 14,046 Crores. The apex investigation agency found that Rs. 11,755.79 Crores were caused to change the course to accounts. That is created in name of shell companies out of the amount of Rs. 14,046 Crores.
DHFL had availed a subsidy of Rs. 1,887 Crores under PMAY from the Center. The case is registered by the Central Bureau of Investigation that is against the promoters of DHFL Kapil Wadhawan.
Also, Dheeraj Wadhawan who are already facing the two other cases by the Central Bureau of Investigation in the Yes bank scam. The UP Power Corporation scam also.
The case as per officials has been registered by the Central Bureau of Investigation. After a forensic audit report that was submitted by auditing company Grant Thornton.
That revealed the irregularities by DHFL. The loans were mostly granted and dealt with in the name of economically weaker sections. The low and middle-income groups.
The SEBI orders assets attachment of former Yes Bank MD and also CEO Rana Kapoor
Markets regulator SEBI on the year March 24. Ordered an attachment of bank accounts as well as the share and mutual fund holdings of Rana Kapoor. The former MD and CEO of Yes Bank. To recover the dues of over Rs. 1 Crore. The decision has been taken after Kapoor failed to pay the fine that is imposed on him.
Further, the Securities and Exchange Board of India. The SEBI has issued a demand notice to Kapoor in the month of February this year. Although he did not pay any dues.
The pending dues of totaling Rs. 1.04 Crore has included a starting fine of Rs. 1 Crore. An interest of Rs. 4.56 lakh and an income recovery cost of Rs. 1,000. The attachment notice has shown on Wednesday.
The NPA clock ticks again after Supreme Court lifts its stay. The IBC back in action from today.
The amount owed to a creditor is unlikely to be paid. The clock has started ticking again with the Supreme Court lifting the stay. That closed banks from classifying a fresh NPAs. The non-performing assets after the month of August 31.
Also, the state of financial distress and Bankruptcy Code that is IBC will start operations after a year’s gap. What will be the impact that will these developments have on the banks?
Experts are of the view that there will be a rise in gross NPA lower-middle-income economies. As proforma NPAs will now become actual. “We have analyzed the numbers of 22 large banks. That has reported done the NPAs.
With the Supreme Court stay which is being lifted. These figures will become the actual NPAs. The expected increase will be around 1.2 percent in GNPAs. Said Mr. Sanjay Agarwal, the head of BFSI at CARE rating agency.
Do not see India’s rating downgrade: Finance Minister Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Wednesday said that India enjoys an investment-grade rating. She does not see a rating reduce to a lower grade. Because of high spending. Replying to a debate on the Finance Bill 202 middle-income agro income.
That he cited low inflation, higher GDP growth, record foreign investment. The lower relating to government revenue with an excess of expenditure. To defend her government’s handling of the economy.
The Indian IPO fundraising at a 13-year peak
Indian fundraising that is IPOs is at a 13-year high. As a flood of foreign money and unexampled interest from denoting a small shop of a type. Frequently run by a married couple investors incentive more listings. Making India one of the hottest IPO markets in the year 2021.
Indian companies have raised around $2.2 billion through their initial public offerings. IPOs are so far this year, the highest total in the year 2008. The Refinitiv has included. That follows around $9.2 billion last year.
The third biggest behind the United States and China. Thanks to a small swirling mass of something on the list. Late year of 202I and DII data is s.
Foreign The Clocktutional investors that are FIIs net sold shares worth amount of Rs. 1,951.90 Crores. But the domestic institutional investors that are DIIs net bought shares worth the amount of Rs. 612.80 Crore.
In the Indian equity market on the month of March 24. As per the provisional data that is available on the NSE.
1 stock under the F&O ban on NSE
Vodafone Idea is under the F&O ban for the month of March 25. Securities in the ban period under the F&O segment. Included companies in which the security has crossed around 95 percent of the market-wide position limit.
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