The inventory market opened into the purple because the buying and selling session started on Friday, March 7, with banking, monetary companies, and IT shares falling probably the most.
Sensex, Nifty 50 at the moment: At 9:15 am, the benchmark BSE Sensex fell by 176.47 factors or 0.24 per cent, reaching 74,163.62. The broader NSE Nifty opened 36.05 factors down or 0.16 per cent within the purple, reaching 22,508.65.(Representational Picture/Pixabay)
At 9:15 am, the benchmark BSE Sensex fell by 176.47 factors or 0.24 per cent, reaching 74,163.62. The broader NSE Nifty opened 36.05 factors down or 0.16 per cent within the purple, reaching 22,508.65.
This comes after US President Donald Trump introduced in a joint session of the US Congress that he can be imposing reciprocal tariffs on international locations like India from April 2 onwards.
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On Thursday, among the many 30 Sensex shares, Infosys fell probably the most upon open by 1.45 per cent, buying and selling at ₹1,688.40. This was adopted by Tech Mahindra, which was down 1.24 per cent, buying and selling at ₹1485, and Zomato, which dropped by 1.15 per cent, buying and selling at ₹222.80.
Solely 6 of the Sensex shares have been within the inexperienced.
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How did particular person sectors carry out?
Among the many Nifty sectoral indices, the Financial institution Index fell probably the most by 0.34 per cent, reaching 48,463.80. This was adopted by Monetary Companies, which was down 0.32 per cent, reaching 23,089.35, and Nifty IT, which dropped 0.31 per cent, reaching 38,028.15.
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How did the inventory market shut throughout the earlier session?
The inventory market rallied in the direction of the tip and closed within the inexperienced for the third consecutive time after the earlier buying and selling session ended on Thursday.
The benchmark BSE Sensex closed 609.86 factors or 0.83 per cent within the inexperienced, reaching 74,340.09. The broader NSE Nifty was up by 207.40 factors or 0.93% within the purple, reaching 22,544.70.
“The Nifty index closed positive for three consecutive days, forming a Higher High and Higher Low pattern, indicating short-term positive momentum,” stated Kunal Kamble, Senior Technical Analysis Analyst at Bonanza. “The index closed above the window at 22,505, signaling a bullish sentiment.”
“Further upside movement may extend towards 22,720, where the next strong resistance is placed,” he added. “However, if the market slips below 22,440, it could trigger a downward move towards 22,200 levels.”
Among the many Sensex shares, Asian Paints rose probably the most by 4.70 per cent, closing at ₹2,267.10. This was adopted by NTPC, which was up 3.41 per cent, closing at ₹337.75, and Reliance Industries, which was up 2.96%, closing at ₹1,210.55.
Solely 5 out of the 30 Sensex shares have been within the purple, identical to after the shut earlier to this.
Among the many Nifty sectoral indices, the Nifty Oil & Gasoline Index rose probably the most by 2.59 per cent, reaching 10,045.85. This was adopted by the Nifty Metallic, which was up 2.34%, reaching 8,888.65, and the Nifty Pharma Index, which was up 1.47%, reaching 20,423.35.
The Metallic Index was additionally the identical index which rose the second most upon the shut earlier to this by 4.04%, reaching 8,685.20.
The Oil & Gasoline index rose at a time when world oil costs additionally have been up. The benchmark Brent Crude was up 0.36% or by $0.25 for Could 2025 contracts, buying and selling at $69.71 per barrel, whereas WTI Crude was up 0.32% or by $0.21 for April 2025 contracts, reaching $66.57 per barrel.
Within the Nifty Oil & Gasoline index, Castrol India rose probably the most (10.15% up), adopted by Mahanangar Gasoline (4.19% up), and Hindustan Petroleum Company (3.71% up).
Within the Nifty Metallic Index, Jindal Stainless rose probably the most (5.87% up), adopted by Hindustan Zinc (3.83% up), and Welspun Corp (3.58% up).
Within the Nifty Pharma Index, Gland Pharma rose probably the most (3.39% up), adopted by Cipla (2.87% up), and Torrent Prescribed drugs (2.49% up).
In the meantime, Overseas Institutional Traders (FIIs) remained web sellers, offloading ₹2,377.32 crore price of equities, whereas Home Institutional Traders (DIIs) have been web patrons, shopping for a distinction of ₹1,617.80 crore.