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Sensex Today Live: Index off day’s low
SC agrees to hear Reliance Infra plea against DMRC: Agencies
Price as on 28 Mar, 2022 11:09 AM, Click on company names for their live prices.
Godrej Properties aims Rs 2,000 cr revenue from 33-acre housing project in Bengaluru
“The new project near Bannerghatta Road will have a developable potential of approximately 3.4 million square feet of saleable area with an estimated revenue of approximately Rs 2,000 crore,” it added.
The stock was trading flat with a negative bias.
Risk-off sentiment envelopes any positivity due to the Russia Ukraine talks scheduled today. China is under lockdown due to Covid-19, ensuring that Chinese demand may come down. Oil is slightly down due to the same reason. Rupee range for the day 76.20 to 76.50.
– Anil Kumar Bhansali, Head of Treasury at Finrex Treasury Advisors
Sensex Today LIVE: Top Sensex drags
Top 5 losers from banking space
Price as on 28 Mar, 2022 10:17 AM, Click on company names for their live prices.
Even though the Ukraine war and the consequent crude spike impacted markets initially, the war is not impacting markets much now. The major headwinds for markets in 2022 will continue to be the high US inflation and Fed tightening. It appears that markets have priced in around 190 bp hike by the Fed in 2022. The fact that markets continue to be resilient in spite of so many headwinds is a reflection of the strength of this bull market. DIIs and retail investors now exert more influence on the market than FPIs. Domestic investors emerging as a major counter force to the fair weather FPIs is a desirable development. However, retail investors have to be more vigilant in their investment by avoiding low-grade stocks and investing in high quality stocks.
– Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
Nifty slips below 17,100
Sensex Today LIVE: Selloff gathers pace, Sensex down 250 points
Kalyan Jewellers India says Vinod Rai to be appointed chairman
Price as on 28 Mar, 2022 09:25 AM, Click on company names for their live prices.
Check out the most active stocks on NSE
Price as on 28 Mar, 2022 09:23 AM, Click on company names for their live prices.
PVR Ltd and INOX Leisure announced a merger deal to create the largest multiplex chain in the country with a network of more than 1,500 screens.
Price as on 28 Mar, 2022 09:20 AM, Click on company names for their live prices.
Sector Watch: Media pack rallies the most
Sensex Heatmap: Top gainers & losers at opening tick
Sensex Today LIVE: Sensex reverses losses after opening higher, down 100 points
OPENING BELL: Sensex gains 100 points, Nifty at 17,180; Inox Leisure soars 15%, PVR 5%
Pre-open session: Sensex gains 200 points, Nifty nears 17,200
Oil slumps as Shanghai lockdown raises fears over drop in demand
Oil prices plunged about $4 on Monday as concerns over slower fuel demand in China grew after authorities in Shanghai said they would shut the country’s financial hub for a COVID-19 testing blitz over nine days. Brent crude futures slid as low as $116.00 a barrel and were trading down $3.88, or 3.2%, at $116.77. US West Texas Intermediate (WTI) crude futures hit a low of $109.30 a barrel, and were down $3.92, or 3.4%, at $109.98.
SGX Nifty signals a flat start
Nifty futures on the Singapore Exchange traded 3 points, or 0.02 per cent, higher at 17,194.50, signaling that Dalal Street was headed for a flat start on Monday.
Tech View: Further consolidation for Nifty50 likely
Nifty50 on Friday fell for the third straight day and closed below its 50-day moving average. The index formed a bearish candle on the daily chart, with a lower wick, reflecting the support that the NSE barometer took intraday near its 200-day moving average. On the weekly scale also, the NSE benchmark formed a bearish candle. Analysts said the consolidation in the index may continue and that the 17,000-17,450 range may stay intact.
Hong Kong stocks begin marginally higher
Hong Kong stocks opened Monday morning with small gains following a hefty loss at the end of last week, though Shanghai fell after officials announced a phased Covid lockdown of China’s biggest city. The Hang Seng Index edged up 0.08 percent, or 17.32 points, to 21,422.20. The Shanghai Composite Index shed 0.84 percent, or 27.07 points, to 3,185.17, while the Shenzhen Composite Index on China’s second exchange slipped 0.71 percent, or 14.94 points, to 2,098.80.
Tokyo stocks open lower on profit-taking
Tokyo stocks opened lower on Monday after nine straight sessions of gains, as investors closely watched developments in Ukraine. The benchmark Nikkei 225 index was down 0.39 percent or 110.87 points at 28,038.97 in early trade, while the broader Topix index slipped 0.06 percent or 1.14 points to 1,980.33. “Profit-taking sales are likely” even though rallies on Wall Street should support investor sentiment, senior market analyst Toshiyuki Kanayama of Monex told Reuters.
US stocks settled higher on Friday
The S&P 500 ended higher on Friday as financial shares rose after the benchmark Treasury yield jumped to its highest level in nearly three years. The Dow Jones Industrial Average rose 153.3 points, or 0.44%, to 34,861.24, the S&P500 gained 22.9 points, or 0.51%, to 4,543.06 and the Nasdaq Composite dropped 22.54 points, or 0.16%, to 14,169.30.
Rupee advances 9 paise to 76.24 against dollar
The rupee rose further by 9 paise to close at 76.24 against the US dollar on Friday following a fall in crude oil prices and weakness in the American currency in the overseas markets. At the interbank forex market, the local unit opened at 76.15 against the greenback and witnessed an intra-day high of 76.12 and a low of 76.29. The rupee settled at 76.24, registering a rise of 9 paise over its previous close of 76.33.
Sensex, Nifty on Friday
Benchmark indices Sensex and Nifty declined for a third straight day on Friday due to profit taking in consumer durables, FMCG, banking and IT shares amid lingering worries over commodity prices, interest rate hike and geopolitical tensions. The 30-share BSE benchmark dropped 233.48 points or 0.41 per cent to settle at 57,362.20. During the day, it tanked 495.44 points to 57,100.24. The broader NSE Nifty declined 69.75 points or 0.40 per cent to settle at 17,153.