Share Market News Today | Sensex, Nifty, Share Prices LIVE: Benchmark indices and broader markets fell on Tuesday, erasing all intra-day gains. S&P BSE Sensex closed at 48,253 although the Nifty 50 index was just beneath 14,500. On Wednesday morning, SGX Nifty was hinting at a flat commence for domestic equities. Global cues had been mixed soon after Wall Street witnessed a tech sell-off. NASDAQ closed deep in red, falling 1.88%, accompanied by a .67% fall in S&P 500. Dow Jones ended with gains. In Asia Hang Seng was up with gains although Chinese and Japanese markets remained closed.
The production linked incentive (PLI) scheme for IT hardware has attracted prime players from across the globe. Computer main Dell and contract producers Foxconn, Wistron and Flextronics are amongst some of the businesses that have filed their applications beneath the scheme. PLI scheme, with an outlay of Rs 7,350 crore more than 4 years, will provide economic incentives in the variety of 4% to 1% on the net incremental sales more than the base year (2019-20) for manufacturing laptops, tablets, all-in-one PCs and services. It is anticipated to lead to a total production of about Rs 1,60,000 crore.