- Jet Airways, Bharti Airtel and auto stocks may hog the limelight today
- Q3 GDP nos may influence sentiment; Airtel, Jet Airways to be in focus
- Rupee may slide to 80 against the dollar by September: Royal Bank of Canada
- MARKETS LIVE: Sensex reclaims 36,000, Nifty tests 10,850; Jet Airways up 5%
- Global stocks sink for third day as investors temper trade optimism
- Improvement in profitability to continue for life insurers, say analysts
- Besides volume ramp-up, profitability to remain healthy for GAIL, IGL
- Strong product mix, new launches to keep Sanofi India margins elevated
- Mutual funds, PMS to be get to play in commodity derivatives soon: Sebi
- Abu Dhabi Investment Authority commits $500 million for Kotak's AIF
MARKETS LIVE: Sensex reclaims 36,000, Nifty tests 10,850; Jet Airways up 5%
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SI Reporter |
Last Updated at March 1, 2019 09:52 IST
EVENT HIGHLIGHTS
Markets opened on a positive note on Friday. In the opening deals, the S&P BSE Sensex was trading nearly 200 points or 0.53 per cent higher at 36,055.86 level. The NSE's Nifty50 index was ruling at 10,851, up 59 points or 0.54 per cent.
Key macroeconomic numbers, that were released post market hours on Thursday, are likely to be on investors' radar. Government data showed India's GDP growth slowed to a six-quarter low of 6.6 per cent during October-December period of FY18-19. Moreover, the core sector growth eased to 19-month low of 1.8 per cent in January.
Key macroeconomic numbers, that were released post market hours on Thursday, are likely to be on investors' radar. Government data showed India's GDP growth slowed to a six-quarter low of 6.6 per cent during October-December period of FY18-19. Moreover, the core sector growth eased to 19-month low of 1.8 per cent in January.
Besides, fresh developments in India-Pakistan tensions will also be closely tracked. On Thursday, Pakistan Prime Minister Imran Khan announced that Pakistan will release captured IAF (Indian Air Force) pilot as peace gesture.
Among individual stocks, Jet Airways surged as much as 6.32 per cent in the early trade after reports suggested Naresh Goyal has agreed to step down.
SBI Life Insurance slipped as much as 12.14 per cent after block deals.
Sectorally, media stocks advanced the most, followed by metal pack.
In the broader market, S&P BSE MidCap index was trading 114 points or 0.80 per cent higher at 14,432.65 while S&P BSE SmallCap was trading nearly a per cent higher at 13,816.10 level.
In the forex market, rupee opened marginally lower at 70.74 against the US dollar. The domestic on Thursday settled at 70.72.
Sectorally, media stocks advanced the most, followed by metal pack.
In the broader market, S&P BSE MidCap index was trading 114 points or 0.80 per cent higher at 14,432.65 while S&P BSE SmallCap was trading nearly a per cent higher at 13,816.10 level.
In the forex market, rupee opened marginally lower at 70.74 against the US dollar. The domestic on Thursday settled at 70.72.
GLOBAL MARKETS
Asian shares inched higher on Friday with broader gains capped by investor caution as concerns about China’s economy and global trade weighed on sentiment while stronger-than-expected US GDP data pushed the dollar up. MSCI’s broadest index of Asia-Pacific shares outside Japan was up less than 0.1 per cent while Japan’s Nikkei 225 gained 0.8 per cent.
In the overnight trade, US stocks ended lower.
(With inputs from Reuters)
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