After snapping a four-day gaining spree, Sensex now sits at 49,161, while the broader Nifty 50 index at 14,850 levels. Image: ReutersShare Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were once again staring at a negative start on Wednesday, on the day of the weekly expiry. After snapping a four-day gaining spree, Sensex now sits at 49,161, while the broader Nifty 50 index at 14,850 levels. Trends on SGX Nifty signalled a negative opening for headline indices. Asian stock markets were seen tarding mixed in early trade on Wednesday, with Japan’s Nikkei 225 rising nearly half a per cent. Topix index was flat. South Korea’s Kospi index fell 0.09 per cent. In overnight trade on Wall Street, US stock indices ended lower. The Dow Jones Industrial was down 1.36 per cent while the S&P was down 0.87 per cent. Nasdaq was down by 0.09 per cent.
Global rating agency Moody’s on Tuesday sharply trimmed its India growth forecast for FY22 to 9.3% from 13.7% estimated in February, stating that the severe second wave of coronavirus infections will “slow the near-term economic recovery and could weigh on longer-term growth dynamics”.
Highlights
Lupin, Jindal Steel & Power, UPL Ltd, Asian Paints, Pidilite Industries, Tata Power Company, Voltas, Apollo Tyres, Happiest Minds Technologies, Mahindra Lifespace Developers, HG Infra Engineering, Sagar Cements, and Birla Corporation are some of the companies that will report their quarterly results today.
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After lagging behind Bharti Airtel for the last six months, Reliance Jio has returned to adding maximum wireless subscribers. In February, Jio added 4.26 million wireless customers followed by 3.73 million by Bharti Airtel. The company had launched a JioPhone offer on February 26, primarily targeting the 300 feature phone subscribers in the country.
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Domestic benchmark indices snapped their four-day gaining streak on Tuesday to end in the red. S&P BSE Sensex now sits at 49,161 while the Nifty 50 index is at 14,850. SGX Nifty was down 17 points during the early hours of Tuesday, hinting at a flat start for domestic markets. Cues from global peers were negative with Wall Street closing in the negative once again. Although benchmark indices closed in the red, there were some positives to be drawn.
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Global rating agency Moody’s on Tuesday sharply trimmed its India growth forecast for FY22 to 9.3% from 13.7% estimated in February, stating that the severe second wave of coronavirus infections will “slow the near-term economic recovery and could weigh on longer-term growth dynamics”.
Read full story