Press "Enter" to skip to content

Market LIVE Updates: Indices trade higher in pre-opening on positive global cues; BPCL, Hero MotoCorp in… –

March 02, 2021 / 07:40 AM IST

Buzzing stocks | Hero Moto, UPL, IRCTC, Wipro, NMDC, Ashapura Minechem, VST Tillers and Tractors

March 02, 2021 / 07:32 AM IST

Follow our LIVE blog for the latest updates on the novel coronavirus pandemic and its impact

March 02, 2021 / 09:05 AM IST

ICICI direct:

Indian markets are likely to open flat with a negative bias tracking positive global cues in spite of a continued pullback of US treasury yields, which has helped ease recent concerns about the outlook for interest rates. US markets ended higher tracking a drop in bond yields and optimism over additional stimulus.

March 02, 2021 / 09:03 AM IST

Market at pre-open: Benchmark indices are trading higher in the pre-opening session on the back of positive global cues.

At 09:02 IST, the Sensex was up 401.93 points or 0.81% at 50,251.77, and the Nifty up 196.00 points or 1.33% at 14,957.50.

March 02, 2021 / 08:54 AM IST

Petrol, Diesel prices stable; hike in CNG, PNG prices

Petrol and diesel prices across the country remained steady for the third consecutive day on March 2 after a sharp rise increase last week on February 27. Following the trend, a hike of 70 paise in the price of Compressed Natural Gas (CNG) is effective from March 2. The revised CNG price in the National Capital is Rs 43.40 per Kilogram.

The price was Piped Natural Gas (PNG) also climbed to Rs 28.41 SCM (Standard Cubic Meter), an increase of 91 paise per SCM. This is in addition to the increase in the price of Liquified Petroleum Gas (LPG) by Rs 25 since March 1.

March 02, 2021 / 08:50 AM IST

DAILY VOICE | Fintech Companies Could Create Wealth Over Next Decade: Shyamsunder Bhat Of Exide Life

DAILY VOICE | Fintech Companies Could Create Wealth Over Next Decade: Shyamsunder Bhat Of Exide Life

Select companies from the commodity space could also gain from the spending on infrastructure in some of the developed countries looking to revive growth, as well as in India, says Bhat.

March 02, 2021 / 08:43 AM IST

Bitcoin at ‘tipping point,’ Citi says as price surges

Bitcoin rose nearly 7% on Monday as risk assets rallied after last week’s bond rout cooled, with Citi saying the most popular cryptocurrency was at a “tipping point” and could become the preferred currency for international trade.

With the recent embrace of the likes of Tesla Inc and Mastercard Inc, bitcoin could be at the start of a “massive transformation” into the mainstream, the investment bank said.

March 02, 2021 / 08:39 AM IST

Goldman Sachs restarts cryptocurrency desk amid bitcoin boom

Goldman Sachs Group Inc has restarted its cryptocurrency trading desk and will begin dealing bitcoin futures and non-deliverable forwards for clients from next week, a person familiar with the matter said.

The team will sit within the U.S. bank’s Global Markets division, the person said.

March 02, 2021 / 08:36 AM IST

FII and DII data

Foreign institutional investors (FIIs) net bought shares worth Rs 125.15 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 194.88 crore in the Indian equity market on March 1, as per provisional data available on the NSE.

March 02, 2021 / 08:27 AM IST

Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services:

Going ahead the market may continue to be volatile and would look at global cues for market direction. Investors would closely track bond yields, inflation data and Covid situation along with developments around US stimulus. Investors should adopt to buy on dips strategy while traders should trade cautiously with stock specific action and book profits in regular intervals.

March 02, 2021 / 08:10 AM IST

Hot Stocks | Dalmia Bharat Sugar, Torrent Power, NMDC Are 3 Short-term Trading Ideas

Hot Stocks | Dalmia Bharat Sugar, Torrent Power, NMDC Are 3 Short-term Trading Ideas

The trendline support for Nifty is currently placed at 14,350 odd levels, which also coincides with the partially filled gap support placed between 14,336 and 14,469.

March 02, 2021 / 07:59 AM IST

ICICI direct

We expect the rupee to depreciate further from current levels as the greenback is likely to continue to benefit from safe haven flows if risk appetite continues to worsen and emerging market currencies are among the biggest losers. 

However, gains in the pair may be capped near 75.00 level as the US will announce further stimulus measures to revive its economy. 

USDINR futures have a major support around 73.00 level. As long as it sustains above this level, we expect the depreciation in the rupee to accelerate towards immediate hurdle placed around 75.00 level in the coming weeks.