Updated Feb 18, 2021 | 16:20 IST
S&P BSE Sensex closed at 51,325 levels, down almost 379 points or 0.7% while broader Nifty 50 index settled 15,119 levels slipping almost 89 points or 0.6%. Market ends lower for third consecutive session; Sensex slips 379 points, Nifty settles at 15,119 | Photo Credit: BCCL
The market continued to consolidate as benchmark indices ended lower for three consecutive days on Thursday as investors booked profits at higher levels.
S&P BSE Sensex closed at 51,325 levels, down almost 379 points or 0.7% while broader Nifty 50 index settled 15,119 levels slipping almost 89 points or 0.6%.
Sensex touched a high of 51,903.96 and a low of 51,186.68 to finally settle at 51,324.69 while Nifty closed at 15,118.95 after touching a high of 15,250.75 and low of 15,078.05 during the day.
NIIFL to invest $100 million from New Development Bank into the NIIF Fund of Funds
Xian Zhu, VP and COO of NDB noted that the investment will provide India’s private sector with additional funds during the time of crisis
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The National Investment and Infrastructure Fund (NIIFL) on February 11 announced a commitment of $100 million from the New Development Bank (NDB) into the NIIF Fund of Funds (FoF) taking the FoF s secured funding commitments to $800 million.
With this, the NDB joins the Government of India (GoI), Asian Infrastructure Investment Bank (AIIB) and Asian Development Bank (ADB) as an investor in the FoF. It also marks the bank s first equity investment in India and its first investment ever in a FoF.
K Sera Sera, directors fined for defrauding investors in GDR issue daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.
The reopening of the economy led to better than anticipated recovery in consumption led by strong pent-up demand followed by the festive season. Most high-frequency indicators indicated that the economic recovery is well on track
FPI inflows in Indian equities highest among emerging markets: Anurag Thakur
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Union Minister of State for Finance Anurag Thakur speaks as Union Finance Minister Nirmala Sitharaman wearing a face mask looks on, as he announce the government s economic package to fight the coronavirus pandemic.
(PTI)
Noting that global investors have pumped in ₹1.6 lakh crore in Indian equities in 2020, Anurag Thakur, Minister of State, Finance and Corporate Affairs, said that it s highest among the emerging markets. In fact, India is the only country that saw inflows from FIIs among all the emerging markets.
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After the mutual fund sector applauded the contributions of foreign institutional investors in the Indian markets, the finance ministry too recognised global investors pumping money in the equities is one of the key reasons for the recent market rallies.