Market LIVE Updates: SGX Nifty indicates flat opening for Indian indices

Stock markets today: Indian indices are set for a flat opening on Thursday.(Reuters)









Benchmark Indian equity indices are set for a flat start based on mixed indications from Asian markets.


















01 Apr 2021, 08:28:38 AM IST

Biden’s infra-centred plan relies on corporate levies

US President Joe Biden’s $2.25 trillion infrastructure-centered plan, laid out by the White House Wednesday, relies on higher corporate levies to pay for it. The proposals would change tax benefits that were at the center of the 2017 Tax Cuts and Jobs Act passed solely with Republican votes. Along with boosting the corporate income tax rate to 28% from 21%, businesses would pay significantly more on their global earnings than they did before Trump took office, experts said. (Bloomberg)


















01 Apr 2021, 08:10:22 AM IST

Govt withdraws interest rate cut on small savings schemes


















01 Apr 2021, 08:02:25 AM IST

Gold prices edge up on new virus strain, stimulus-led inflation woes

Gold prices edged a tick higher on Thursday, as expectations of a $2 trillion-plus stimulus plan in the US raised concerns of inflation, while reports of a new vaccine-resistant virus strain also supported bullion’s safe-haven appeal. Spot gold was up 0.2% at $1,710.28 per ounce by 01:56 GMT, though it was set for its second straight weekly fall. US gold futures fell 0.3% to $1,709.80 per ounce. (Reuters)


















01 Apr 2021, 07:51:45 AM IST

Oil gains ahead of Opec+ meeting on output policy

Crude prices rose on Thursday, recouping some of the previous session’s losses on expectations that a meeting of OPEC and its allies later on Thursday would yield output constraint in the face of resurgent covid-19 infections in some regions. Brent crude for June delivery was up by 31 cents, or 0.5%, at $63.05 a barrel by 0159 GMT after falling 2.2% overnight. U.S. oil was up 38 cents, or 0.6%, at $59.54 a barrel, having dropped 2.3% on Wednesday. (Reuters)


















01 Apr 2021, 07:40:09 AM IST

Stocks to Watch

Piramal Enterprises, Shriram Transport Finance and Indiabulls HFC, among other stocks are expected to be in the news today. (Read here)


















01 Apr 2021, 07:31:35 AM IST

Asian markets track US gains

Asia stocks edged higher at the open Thursday as traders assessed US President Joe Biden’s infrastructure plan. Treasuries held losses. Shares rose in Japan and South Korea, while Australia had more modest gains. US contracts were in the green after the S&P 500 Index closed higher and stronger technology stocks drove outperformance in the Nasdaq 100. The dollar stabilized after completing its best quarter in a year. Ten-year Treasury yields were steady at 1.74% after sealing the worst quarterly performance since 1980 for the Bloomberg Barclays index tracking U.S. government bonds. Oil pared earlier losses after preliminary talks for a meeting of OPEC and its allies offered no signal of output plans.

SGX Nifty was at 14,850.80, down 62.80 points, or 0.42%.

S&P 500 futures were flat as of 9:07 a.m. in Tokyo. The S&P 500 Index increased 0.4%. The Nasdaq 100 rose 1.5%.

Topix index rose 0.9%.

Australia’s S&P/ASX 200 Index rose 0.1%.

South Korea’s Kospi index gained 0.6%


















01 Apr 2021, 07:30:55 AM IST

Wall Street indices register fourth straight quarterly rise

The S&P 500 and Nasdaq rose on Wednesday, boosted by gains in technology shares, and the three major Wall Street indexes registered their fourth straight quarterly rise as investors positioned themselves for President Joe Biden’s massive infrastructure plan. On Wednesday, the benchmark S&P 500 reached an intra-day record high but stopped short of hitting 4,000 and pared gains late in the day. The S&P 500 technology index led sector gains, while the energy sector fell and was the weakest sector on the day. The Dow Jones Industrial Average fell 85.41 points, or 0.26%, to 32,981.55, the S&P 500 gained 14.34 points, or 0.36%, to 3,972.89 and the Nasdaq Composite added 201.48 points, or 1.54%, to 13,246.87.



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