S&P BSE Sensex currently sits at 47,705 while the 50-stock NSE Nifty is at 14,296.
(Image: REUTERS)Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity markets return for trade today after a brief halt. S&P BSE Sensex currently sits at 47,705 while the 50-stock NSE Nifty is at 14,296. During the early hours of trade on Thursday, SGX Nifty was up more than 100 points, hinting at a positive start for stock markets. Yesterday, equity indices on Wall Street leapt to close with gains as NASDAQ surged over 1%. Asian peers were mostly trading in green. Hang Seng, Topix, Nikkei 225, KOSPI, and the KOSDAQ were all up with gains while Shanghai Composite was trading flat.
As the second wave of the coronavirus pandemic wreaks havoc across the country and disrupts businesses, Care Ratings has revised down its forecast for GDP growth to 10.2 per cent in 2021-22 from an earlier projection of 10.7-10.9 per cent. “We have revised our forecast for GDP growth for FY22 as the underlying conditions have changed rapidly in the last 30 days or so. It stands now at 10.2 per cent,” they said. Earlier, on March 24, 2021, the agency had projected GDP growth between 11-11.2 per cent based on GVA (gross value added) growth of 10.2 per cent. This is the third revision to India’s growth made by Care Ratings in one month. As the virus spreads various states have announced lockdown measures in cities or districts, disrupting economic activity.
Highlights
Ultratech Cement, IndusInd Bank, and Axis Bank were the worst-performing stocks on Sensex. While Ultratech Cement was down more than 3%, the two bank stocks were down over 2% each.
Sensex and Nifty began the day's trade deep in red on Thursday morning. Sensex was down more than 450 points while the Nifty 50 index gave up crucial support zone of 14,200.
Benchmark indices were down in the red despite SGX Nifty hinting at a gap up start. Sensex fell more than 200 points while Nifty is nearing 14,200.
Sensex was now down nearly 200 points while the Nifty index was threatening to give up 14,200 during the pre-open trade.
Sensex and Nifty were trading flat in the pre-open session on Thursday morning.
Domestic equity markets were staring at a positive opening on Thursday, after falling for two consecutive days. In the previous session, BSE Sensex ended at 47,705, while the broader Nifty 50 index closed at 14,296. Market participants will closely watch the rising COVID-19 cases, on-going vaccination drive, oil prices, rupee movement amid weekly F&O expiry. Meanwhile, global stock markets were seen trading largely positive.
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Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel remain unchanged today for the seventh day running. Fuel prices were cut on April 15 after having remained unchanged for fifteen consecutive days earlier. Today, the Petrol price in Delhi is Rs 90.40 per litre, while Diesel prices were at Rs 80.73 per litre. Fuel prices remain the highest in Mumbai at Rs 96.83 per litre for Petrol. Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices on a daily basis in line with benchmark international price and foreign exchange rates.
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SGX Nifty is up 114 points at this hour. Nifty futures surging higher hint at a positive start for domestic stocks markets. Sensex and Nifty have been falling for the last two consecutive trading sessions.
From the bygone era of boisterous ring trades and high-priced market intermediation to an epoch-making transformation in terms of tech-enabled, cost-effective, and democratic operations, the brokerage has truly come of age. While account opening and fund transfers for trading have become seamless in the online era, a plethora of AI-powered apps and tools are ready to help with prudent investing and trading based on stated goals and aspirations. Given the better choice and control at the hands of demand-side stakeholders, many discount broking players have emerged on the scene in what is a crowded marketplace, a market focused on price, not service.
Online broker Upstox now has 3 million accounts, growing 15X growth in the total customer base in 2020 against 2018. Upstox has logged 4X growth in the total customer base between 2019 and 2020.
A total of 12 BSE listed firms including Indus Towers, Rallis India, Sasken Technologies, Tata Elxsi, Visaka Industries, Amal, Fineotex Chemical, Filatex India, Hindustan BioSciences, Indbank Merchant Banking Services, and Ind Bank Housing will announce their January-March quarter earnings on April 22.
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"The Nifty index has been hovering below 50 days EMA from the last couple of days and also trading below the neckline of Double Top pattern, which suggests more downside move below the levels of 14,200. At present, the Nifty index may find immediate support at 14,000 levels, while on the upside, 14,500 would be the resistance zone," said Sumeet Bagadia Executive Director Choice Broking.
SGX Nifty was trading 100 points higher on Thursday morning amid positive global cues.
Assuring the industry of full government support, finance minister Nirmala Sitharaman on Wednesday urged the industry to wait and watch for next few days to assess the situation amid the second wave of Covid-19 pandemic. Along with the new vaccination guidelines and with the five-fold strategy adopted in handling the Covid cases — test, track, treat, Covid-19 protocols and vaccination — there will be a sense of reassurance, Sitharaman said.
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With economic activities getting affected across the country due to curbs imposed by states amid surge in COVID-19 cases, Care Ratings has revised down its forecast for GDP growth to 10.2 per cent in 2021-22 from earlier projection of 10.7-10.9 per cent. This is the third revision by the rating agency in the last one month.