Markets News

SGX Nifty currently trading lower with Nifty around 14,900

The current prevailing trends on the SGX Nifty indicates positive opening making Indian market likely to open in green.

Indian indices are expected to open with a 14-points gain on February 22, 2021. Doing a quick recap, both Sensex and Nifty closed in red losing more than 1 percent in the last week of February 19.

Moreover, BSE midcap and smallcap indexes although outperformed gaining 0.63 percent and 1.23 percent each respectively.

However, as per the latest trends the Nifty is currently at its crucial and very critical support at 14,800 levels.

Coming towards the currency update, the Indian rupee gained during the early trade on Monday. It opened at 72.58 per dollar against its previous close of Thursday.

The Indian rupee closed the session at 72.65 dollars on Thursday and has opened with 7 paisa higher rate.

On February 18 as well, the rupee closed by 10 paisa higher at 72.65 per dollar against its previous close. Moreover, the Indian currency market was closed on account of Chtrapati Shivaji Maharaj Jayanti on February 19.

On the benchmark front, the Sensex is currently down at 298.01 points. It is currently trading at 0.59% lower at 50591.75 levels.

The Nifty on the other hand slipped by 69 points to open at 14912 levels shedding by 0.46% loss.

Currently, only eight shares are trading in green which includes ONGC, HDFC Bank, Kotak Bank, Sun Pharma among others.

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