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SGX Nifty points to flat opening; Covid-19, global market trends to dictate D-Street direction


SGX Nifty points to flat opening; Covid-19, global market trends to dictate D-Street direction
February 22, 2021
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Analysts say market will remain in consolidation mode; ‘expect domestic market to continue following global markets this week on lack of major domestic events’
Indian markets are expected to open flat on the first day of the week, as SGX Nifty points to a flat beginning even as Asia-Pacific markets are ruling firm in early trade on Monday. SGX Nifty is ruling at 15,025 against Nifty March futures Friday’s closing of 15,025 and February futures closing of 14,987, signalling flat opening for Nifty index.
Analysts expect the markets to remain in consolidation mode. Global cues and foreign fund flows will largely direct the market movement, they added. However, the key worry is rising Covid-19 cases in some States, especially Maharashtra, again, they added. ....

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Consolidators running out of M&A targets

IMAS analysis highlights “sobering conclusions” for buyers as potential targets diminish but broker M&A still reports record year in 2020. ....

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Travel News - Saudi Tourism Authority eyeing Indian market with zeal


Saudi Tourism Authority eyeing Indian market with zeal
By TBM Staff | Mumbai
In order to decipher Saudi Arabia’s tourism offerings, the Saudi Tourism Authority (STA) organised Journeys in Arabia an exclusive online event, curated especially for travel trade partners around the globe. The India edition of Journeys in Arabia webinar took place on February 17. 
Speaking at the launch webinar, Fahd Hamidaddin, CEO, STA, said that the travel industry is rapidly changing, especially against the backdrop of the Covid-19 pandemic. Travellers are thinking how to travel. They are thinking of visiting safe and lesser-known destinations, pointed out Hamidaddin. 
Praising India, he said that India has set the standard of destination marketing. Once travel resumes, India will emerge as one of the top source markets in the world, he said. Hamidaddin stated that the pandemic has taught one to become agile ....

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