Paddy procurement at MSP has risen by 18 per cent so far this kharif marketing season to 614.27 lakh tonnes, valuing nearly Rs 1.16 lakh crore, amid farmers protest at Delhi-borders against three new agri marketing reform laws. In the ongoing Kharif Marketing Season (KMS) 2020-21, Government continues to procure Kharif 2020-21 crops at MSP from farmers as per existing MSP Schemes, as was done in previous seasons, an official statement said. Kharif marketing season starts from October. The government has procured 614.27 lakh tonnes of paddy up to February 5, up 17.69 per cent from 521.93 lakh tonnes in the corresponding period of the previous year.
Benchmark indices were trading with modest losses in afternoon trade. Rising coronavirus cases across US, Europe and China weighed on investors sentiment. At 13:20 IST, the barometer index, the S&P BSE Sensex, dropped 257.52 points or 0.52% at 49,326.64. The Nifty 50 index lost 80.45 points or 0.55% at 14,515.15.
Broader markets traded with minor losses. The S&P BSE Mid-Cap index fell 0.62%. The S&P BSE Small-Cap index skid 0.40%.
Sellers outpaced buyers. On the BSE, 1,096 shares rose and 1,749 shares fell. A total of 141 shares were unchanged. In Nifty 50 index, 17 stocks advanced while 33 stocks declined.
Foreign portfolio investors (FPIs) bought shares worth Rs 1,076.62 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 188.10 crore in the Indian equity market on 14 January 2021, provisional data showed.
The market witnessed intense selling pressure in mid-afternoon trade. IT, PSU banks and realty shares declined the most. Rising coronavirus cases across US, Europe and China weighed on investors sentiment.
At 14:20 IST, the barometer index, the S&P BSE Sensex, dropped 685.77 points or 1.38% to 48,898.39. The Nifty 50 index lost 224.50 points or 1.54% at 14,371.10.
In the broader market, the S&P BSE Mid-Cap index fell 1.90%. The S&P BSE Small-Cap index skid 1.44%.
Sellers outpaced buyers. On the BSE, 876 shares rose and 2081 shares fell. A total of 136 shares were unchanged.
COVID-19 Update:
Total COVID-19 confirmed cases worldwide stood at 9,31,05,607 with 19,94,440 deaths. India reported 2,13,027 active cases of COVID-19 infection and 1,51,918 deaths while 1,01,62,738 patients have been discharged, according to the data from the Ministry of Health and Family Welfare, Government of India.
Read more about Sensex tanks 549 pts, Nifty closes below 14,450 mark; IT shares drag on Business Standard. Domestic equity benchmarks declined sharply on Friday, led by broader selling pressure. IT, pharma and PSU banks declined sharply. Rising coronavirus cases across US, Europe and China weighed on investors sentiment. Global cues were negative as
The domestic equity market corrected sharply on Friday, led by broader selling pressure. IT, pharma and PSU banks declined sharply. Rising coronavirus cases across US, Europe and China weighed on investors sentiment.
As per provisional closing data, the barometer index, the S&P BSE Sensex, dropped 549.49 points or 1.11% to 49,034.67. The Nifty 50 index lost 161.90 points or 1.11% at 14,433.70.
In the broader market, the S&P BSE Mid-Cap index fell 1.18%. The S&P BSE Small-Cap index skid 0.97%.
Sellers outpaced buyers. On the BSE, 1088 shares rose and 1936 shares fell. A total of 139 shares were unchanged.
COVID-19 Update:
Total COVID-19 confirmed cases worldwide stood at 9,31,05,607 with 19,94,440 deaths. India reported 2,13,027 active cases of COVID-19 infection and 1,51,918 deaths while 1,01,62,738 patients have been discharged, according to the data from the Ministry of Health and Family Welfare, Government of India.