Share markets in India are presently trading on a negative note.
The BSE Sensex is trading down by 464 points, down 0.9% at 49,672 levels.
Meanwhile, the NSE Nifty is trading down by 106 points.
UPL and Tata Motors are among the top gainers today. HDFC Bank and HDFC are among the top losers today.
The BSE Mid Cap index is trading up by 0.2%.
The BSE Small Cap index is trading up by 0.3%.
On the sectoral front, stocks from the real estate sector, are witnessing most of the buying interest.
On the other hand, stocks from the finance sector, are witnessing most of the selling pressure.
US stock futures are trading lower today, indicating a negative opening for Wall Street indices.
Nasdaq Futures are trading down 3 points (down 0.03%) while Dow Futures are trading down 18 points (down 0.1%)
The rupee is trading at 73.35 against the US$.
Gold prices are trading up by 0.2% at Rs 43,960 per 10 grams.
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In global markets, gold rates moved lower today after latest official data showed a pick-up in factory activity in China.
Tracking softer global rates, gold prices in domestic markets fell for fifth day today. On MCX, June gold futures fell 0.3% to near one-year low of Rs 44,300. In the previous session, gold had declined 0.5%.
To know more about gold, check out our article on how to invest in gold here: How to Invest in Gold?
Speaking of the stock markets, India's #1 trader, Vijay Bhambwani, talks about how the Nifty could move this year, in one of his latest videos for Fast Profits Daily.
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Moving on to stock specific news...
Among the buzzing stocks today is KNR Constructions.
KNR Constructions share price jumped over 3% in the morning session on March 31, 2021 after the company received a letter of acceptance (LoA) for a National Highway Authority of India (NHAI) project in Kerala.
The company got the letter of acceptance for the six-laning of the Ramanattukara Junction to start off the Valanchery bypass section of NH-66 (old NH-17) on hybrid annuity mode under Bharatmala Pariyojana in Kerala.
"We herewith intimate to the exchange that the company is in receipt of Letter of Acceptance for six-laning of the Ramanattukara Junction to start of the Valanchery bypass section (old NH-17) from Design Chainage 258+818 (Ex. km 27.840 of Kozhikode bypass) to Design Chainage 298+500 (Ex. km 304.250) on Hybrid Annuity Mode under Bharatmala Pariyojana in the state of Kerala," it said in an exchange filing.
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The project bid cost was Rs 23.6 billion and the company bid was Rs 21.2 billion, it added.
KNR Constructions is a multi-domain infrastructure development organization with more than two decades of experience and executes the construction of technically complex and high value projects across segments such as express ways, national highways, flyovers, bridges and viaducts.
How this pans out remains to be seen. Meanwhile, stay tuned for more updates from this space.
At the time of writing, shares of KNR Constructions were trading up by 3.7% on the BSE.
Moving on to news from the banking sector...
HDFC Bank on March 30, 2021 said that it was looking into resolving internet and mobile banking issues faced by some customers, according to a tweet by the bank. The bank's response came after some of its customers reported issues in accessing net banking and mobile banking services yet again.
HDFC Bank tweeted, "Some customers are facing intermittent issues accessing our net banking/mobile banking app. We are looking into it on priority for resolution. We apologize for the inconvenience and request you to try again after sometime. Thank you."
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The lender continues to face technical glitches, even as the Reserve Bank of India (RBI) is conducting a special audit of the bank's IT infrastructure. Last year in December, RBI had temporarily barred HDFC Bank from launching new digital banking initiatives and issuing new credit cards after taking a serious view of service outages at the lender over the last two years.
Later, the RBI had appointed an external IT firm for carrying out a special audit of its digital infrastructure. RBI governor Shaktikanta Das had said that the regulator had some concerns about certain deficiencies and it was necessary that HDFC Bank strengthens its IT system before expanding further.
We will keep you posted on updates from this space. Stay tuned.
Note that, HDFC Bank is one that has always adapted to changing times.
HDFC Bank wanted to transform itself from a leader in the physical banking to a leader in online banking. Since then, HDFC Bank has constantly focused on going digital.
In 2004, only 10% of customer transactions were initiated through internet and mobile. The number has gone up to 92% in 2019.
It is a great example of a company which has taken advantage of its scale and embraced disruption rather than fear it.
These are traits that one should look for in picking stocks. They not only withstand the disruption but also gain from it in the long-run.
To know what's moving the Indian stock markets today, check out the most recent share market updates here.
For information on how to pick stocks that have the potential to deliver big returns, download our special report now!
Read the latest Market Commentary
What else is happening in the markets today? Dig in...
Indian share markets open lower. The BSE Sensex opened down by 445 points, while the Nifty is trading lower by 116 points.
Mar 31, 2021 09:48 AMTATA STEEL share price has hit a 52-week high. It is presently trading at Rs 807. BSE 500 Index is down by 0.2% at 19,713. Within the BSE 500, TATA STEEL (up 0.9%) and IRB INFRA (up 7.2%) are among the top gainers, while top losers are YAARII DIGITAL INTEGRATED and FUTURE LIFESTYLE.
Mar 31, 2021 09:36 AMECLERX SERVICES share price has hit a 52-week high. It is presently trading at Rs 1,125. BSE 500 Index is down by 0.5% at 19,713. Within the BSE 500, ECLERX SERVICES (up 3.8%) and IRB INFRA (up 6.8%) are among the top gainers, while top losers are FUTURE LIFESTYLE and FUTURE RETAIL.
Mar 31, 2021 09:32 AMASTRAL POLY TECHNICK share price is trading up by 6% and its current market price is Rs 1,694. The BSE CAPITAL GOODS is up by 0.2%. The top gainers in the BSE CAPITAL GOODS Index is ASTRAL POLY TECHNICK (up 5.9%). The top losers are AIA ENGINEERING (down 0.1%) and SKF INDIA (down 0.3%).
Mar 31, 2021 09:32 AMYAARII DIGITAL INTEGRATED share price is trading down by 5% and its current market price is Rs 122. The BSE 500 is down by 0.3%. The top gainers in the BSE 500 Index are GSK CONSUMER (up 5.1%) and LAKSHMI VILAS BANK (up 4.8%). The top losers is YAARII DIGITAL INTEGRATED (down 5.0%)..
Mar 31, 2021 09:24 AMIRB INFRA share price is trading up by 6% and its current market price is Rs 112. The BSE REALTY is down by 1.1%. The top gainers in the BSE REALTY Index is IRB INFRA (up 6.2%). The top losers are INDIABULLS REAL EST (down 0.3%) and GODREJ PROPERTIES (down 0.5%).
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