News Pre-Session

Market may open higher
17-Mar-21   08:18 Hrs IST

SGX Nifty:

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 29 points at the opening bell.

Meanwhile, the Union Cabinet on Tuesday cleared the proposal to set up a Development Finance Institution (DFI). Finance Minister Nirmala Sitharaman had announced in the Union Budget that the government will set up DFI to fund long-term infrastructure projects in the country.

The government will initially infuse Rs 20,000 crore in the DFI, Sitharaman said while briefing the media on Cabinet decisions, adding that the government plans to raise up to Rs 3 lakh crore in the next five years. The government will provide tax exemptions and also amend the Indian Stamp Act to attract pension funds, sovereign funds to invest in DFI.

DFI will have a professional board. At least 50% of the members will be non-official directors. Persons of eminence are envisaged to be on the board. We are making sure that Board will be such as to meet the requirements of 21st century, Sitharaman said.

The DFI will start with 100% ownership of Government of India, and gradually government's ownership will be brought down to 26%.

Global markets:

Overseas, Asian stocks are trading mostly lower on Wednesday as investors wait for the outcome of the U.S. Federal Reserve's two-day policy meeting later in the day. All eyes are on the US Fed whether the central bank will maintain near-zero interest rates amid the economy's post-pandemic recovery.

In US, the Dow fell from its record high and snapped a seven-day winning streak on Tuesday ahead the Federal Reserve's upcoming policy announcement.

Domestic markets:

Back home, domestic equity benchmarks gave up initial gains and ended with tiny losses on Tuesday, despite favourable cues from global equities. The S&P BSE Sensex, fell 31.12 points or 0.06% at 50,363.96. The Nifty 50 index declined 19.05 points or 0.13% at 14,910.45.

Foreign portfolio investors (FPIs) bought shares worth Rs 1,692.31 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 1,168.59 crore in the Indian equity market on 16 March, provisional data showed.

Powered by Capital Market - Live News

Attention Investors:
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc), you need not undergo the same process again when you approach another intermediary. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account. Prevent Unauthorized Transactions in your Demat account\Trading account: Update your Mobile Number with your Depository Participant\Exchange. Receive alerts on your Registered Mobile for all debit and other important transactions in your Demat account\Trading account directly from Depository\Exchange on the same day.........issued in the interest of investors.
The Stock Exchange, Mumbai is not in any manner answerable, responsible or liable to any person or persons for any acts of omission or commission, errors, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc., of any of the Rules, Regulations, Bye-laws of the Stock Exchange, Mumbai, SEBI Act or any other laws in force from time to time. The Stock Exchange, Mumbai is not answerable, responsible or liable for any information on this Website or for any services rendered by our employees, our servants, and us.
Disclosure of Proprietary Account Trading by Members to Clients
Proprietary Trading Disclosure:In terms of provisions of the Rules, Bye-Laws and Business Rules of the Exchange and with reference to circular MCX/T&S/147/2016 dated May 17, 2016 regarding Disclosure of Proprietary Account Trading by broker to client.,Pursuant to SEBI Circular Number SEBI/MRD/SEC/Cir-42/2003 dated November 19, 2003 & SEBI/HO/CDMRD/DMP/CIR/P/2016/49 dated April 25, 2016 GOODWILL WEALTH MANAGEMENT PVT LTD. Discloses to its clients about its policies on proprietary trades.
Copyright © 2016 All rights Reserved GOODWILL
Designed, Developed and content powered by CMOTS Infotech ( ISO 9001:2015 certified )
Filing complaints on SEBI Complaint Redress System (SCORES)
– Easy & quick
  • Register on SCORES portal
  • Mandatory details for filing complaints on SCORES:
    • Name, PAN, Address, Mobile Number, E-mail ID.
  • Benefits:
    • Effective communication
    • Speedy redressal of the grievances.
You can file complaints on SCORES through