What changed for the market while you were sleeping? Top 10 things to know
Trends on SGX Nifty indicate a positive opening for the index in India with a 52 points gain.
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The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a positive opening for the index in India with a 52 points gain.
The S&P BSE Sensex climbed 358.54 points to 50,614.29 on February 4 while the Nifty50 rose 105.70 points to 14,895.70. According to pivot charts, the key support levels for the Nifty are placed at 14,769.1, followed by 14,642.5. If the index moves up, the key resistance levels to watch out for are 14,968 and 15,040.3.
Sebi on Thursday slapped a total fine of Rs 1.2 crore on six entities for diverting proceeds from the initial public offer of Birla Pacific Medspa Ltd (BPML) as well as for indulging in manipulative trading. A fine of Rs 20 lakh each has been imposed on Jalan Cement Works Ltd (now known as Aashrit Capital Ltd), Orbit Financial Consultants Pvt Ltd, Rupak Trading Pvt Ltd, Marutinandan Infosolutions Pvt Ltd, Sanjukta Vanijya Pvt Ltd and Darshan Tradelink Pvt Ltd. The regulator conducted a probe into the IPO of BPML for the period July 7 to July 15, 2011. The shares of BPML were listed on BSE on July 7, 2011. The IPO was open for subscription from June 20- 23, 2011.