- India-focused offshore funds, ETFs see $1.5-billion outflow in Q1
- Indices fall over 1% after US Fed's warning on Covid-19 spooks investors
- SBI Life, Divi's Laboratories to move in Nifty 50 index from Sept 25
- GAIL: Demand, fertiliser plants, city-gas distribution to drive earnings
- Muthoot's strong Q1 show fails to cheer investors, stock sheds 4%
- India-focused offshore funds, ETFs see $1.5 bn outflow in June quarter
- Centre turns down Sebi request to tap phones in insider trading cases
- Signs of slowdown in AIF with 45% YoY drop in new launches since March
- IRB InvIT Fund reports 44% decline in net profit at Rs 24 crore
- Mid- and small-cap funds outperform large-caps in three months to Aug 19
MARKET LIVE: Indices likely to open higher; NSE rejig major trigger
Catch all the live market updates here
Topics
MARKET LIVE | Markets | SBI Life Insurance
SI Reporter |
Last Updated at August 21, 2020 08:02 IST
EVENT HIGHLIGHTS
BSE-1 (Photo credit: Kamlesh Pednekar)
Global cues, corporate results, and the latest changes announced for the Nifty50 index constituents will be the top triggers for the Indian markets today. NSE has announced its latest semi-annual review of indices according to which SBI Life Insurance and Divi's Laboratories will enter the benchmark index Nifty 50, replacing Bharti Infratel and Zee Entertainment Enterprises. READ MORE
Investors may react to the minutes of the Reserve Bank of India's August monetary policy meeting which showed that outlook for the domestic economy remains "extremely uncertain". The MPC, however, said that the “worst is almost surely behind us” in terms of output losses.
Moreover, the AGR hearing will continue today. During the hearing yesterday, the Supreme Court expressed concern that almost all the dues from telcos could be melting away in bankruptcy proceedings.
Results today
On the corporate results front, a total of 51 companies including PNB, Indiabulls Housing Finance, and Union Bank of India, are scheduled to announce their June quarter results today.
Global cues
A tech-driven rally on Wall Street pushed Nasdaq to a record high overnight. Overall, the Dow Jones rose 0.17 per cent, the S&P 500 rose 0.3 per cent, and the Nasdaq gained 1 per cent. Asian equities were also largely higher on Friday. Japan's Nikkei added 0.34 per cent, and Hong Kong's Hang Seng rose 0.63 per cent while Australian ASX 200 was flat.
CATCH ALL THE LIVE UPDATES
Auto Refresh
Load More
Copyrights © 2020 Business Standard Pvt Ltd. All rights reserved.