Stock Market Live Updates 21 march 2024: Stocks in Asia echo US gains on Fed rate signal

Stock market live news: Economic Calendar – 21.03.2024

10:30 India Manufacturing PMI (Expected: 56.0 versus Previous: 56.9) 

14:00 Euro German Flash Manufacturing PMI (Expected: 43.1 versus Previous: 42.5) 

15:00 UK Flash Manufacturing PMI (Expected: 47.9 versus Previous: 47.5) 

17:30 UK BOE Interest Rate Decision (Expected: 5.25% versus Previous: 5.25%) 

18:00 US Unemployment Claims (Expected: 214K versus Previous: 209K) 

19:15 US Flash Manufacturing PMI (Expected: 51.8 versus Previous: 52.2) 

19:30 US Existing Home Sales (Expected: 3.92M versus Previous: 4.00M)

Global markets| Major US listed stocks result calendar 21.03.2024

Accenture plc (Pre market) (Sector- Technology)

Darden Restaurants, Inc. (Pre market) (Sector- Hotel)

FactSet Research Systems Inc. (Pre market) (Sector-

Nike, Inc. (Post market) (Sector- Textile)

FedEx Corporation (Post market) (Sector- Logistics)

lululemon athletica inc. (Post market) (Sector- Consumer Durable)

Rentokil Initial plc (TENT) (Sector- Miscellaneous)

Share market live news: Day trading guide for March 21, 2024: Intraday supports, resistances for Nifty50 stocks

Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS, and SBI

Market live news| Stock to sell today: Biocon

Biocon has seen a sharp fall in price since early last week. The price band of ₹285-290 is a supply zone and the scrip declined off this region. Last Friday, it closed below the 200-day moving average, indicating that the bears have a stronger hand.

The price action shows no sign of a bullish reversal and so, further depreciation is highly likely.

Stock market live updates: Stocks in Asia echo US gains on Fed rate signal

Asian equities rallied Thursday after US stocks touched fresh highs as the Federal Reserve indicated it would meet market expectations with three rate cuts this year, per a Bloomberg report. 

Australian, South Korean shares and equity futures for Hong Kong all advanced. Japanese stocks also rose after a Wednesday holiday as the nation’s exports grew for a third consecutive month, offering support for the economy. The S&P 500 index climbed 0.9% to a new high while the tech-heavy Nasdaq 100 index, which is more sensitive to policy, rose 1.2%. US futures climbed further in early Asian trading, the report added.

The Magnificent Seven group of mega-caps powered to new highs. US small-caps, which typically do well when the economy is expanding, rose almost 2% for the best session in more than a month.