At 9:15 AM, the S&P BSE Sensex is trading at 25,247 down 95 points, while NSE Nifty is trading at 7,718 down 20 points.
At 9:15 AM, the S&P BSE Sensex is trading at 25,247 down 95 points, while NSE Nifty is trading at 7,718 down 20 points.
Today currency market closed today on account of bank holiday. Indian rupee hit a 3 month high against the greenback, deriving cues from the buoyancy in equity markets and softening sovereign bond yields. The sentiment on the street remains underpinned by the hopes of a rate cut by the RBI during the monetary policy review next week. On macroeconomic side, India’s core sector output during February grew 5.7% on yoy basis, helped by recovery in production of natural gas, refinery products, fertilizer, and cement and electricity generation. The core output during January grew 2.3% on yoy basis.
Investors will hope the Friday happy endings continue on the bourses. The Nifty expiry at 7739 levels for March series was largely driven by banking and metals heavyweights. Ahead of the RBI policy next week, BankNifty was up 19% expiry to expiry and Nifty up 11% in the same period. Rollovers on Nifty stood at ~60% vs 68% in the previous expiry. F&O indications are that the Nifty may trade the initial days of April in a range of 500 points as build up is seen at 8000 calls and 7500 puts.
US blue chip stock indices closed lower on Thursday but logged one of their best-performing months since last October. Investors remained cautious on the last day of the quarter ahead of the key labor market data due on Friday. The Dow Jones Industrial Average shed 31.57 points, or 0.2% to end at 17,685.09. The S&P 500 index dropped 4.21 points, or 0.2% to settle at 2,059.74. The Nasdaq Composite index finished flat on Thursday at 4,869.85.
The Dow gained 7.1% in March and is up 1.5% since the start of the year. The S&P 500 index surged by 6.7% over the month. The Nasdaq jumped by 6.8% during March. The Dow and S&P 500 are up ~13% year-to-date, while the Nasdaq has gained 14%. Over the past month, expectations of interest rate hikes have faded, helping to boost US stocks and weaken the dollar.
In the day's important economic news, the number of Americans who applied for unemployment benefits in late March rose by more than expected to 276,000 and hit the highest level in two months.
At 9:15 AM, the S&P BSE Sensex is trading at 25,247 down 95 points, while NSE Nifty is trading at 7,718 down 20 points.Today currency market closed today on account of bank holiday. Indian rupee hit a 3 month high against the greenback, deriving cues from the buoyancy in equity markets and softening sovereign bond yields. The sentiment on the street remains underpinned by the hopes of a rate cut by the RBI during the monetary policy review next week. On macroeconomic side, India’s core sector output during February grew 5.7% on yoy basis, helped by recovery in production of natural gas, refinery products, fertilizer, and cement and electricity generation. The core output during January grew 2.3% on yoy basis.
Investors will hope the Friday happy endings continue on the bourses. The Nifty expiry at 7739 levels for March series was largely driven by banking and metals heavyweights. Ahead of the RBI policy next week, BankNifty was up 19% expiry to expiry and Nifty up 11% in the same period. Rollovers on Nifty stood at ~60% vs 68% in the previous expiry. F&O indications are that the Nifty may trade the initial days of April in a range of 500 points as build up is seen at 8000 calls and 7500 puts.
US blue chip stock indices closed lower on Thursday but logged one of their best-performing months since last October. Investors remained cautious on the last day of the quarter ahead of the key labor market data due on Friday. The Dow Jones Industrial Average shed 31.57 points, or 0.2% to end at 17,685.09. The S&P 500 index dropped 4.21 points, or 0.2% to settle at 2,059.74. The Nasdaq Composite index finished flat on Thursday at 4,869.85.
The Dow gained 7.1% in March and is up 1.5% since the start of the year. The S&P 500 index surged by 6.7% over the month. The Nasdaq jumped by 6.8% during March. The Dow and S&P 500 are up ~13% year-to-date, while the Nasdaq has gained 14%. Over the past month, expectations of interest rate hikes have faded, helping to boost US stocks and weaken the dollar.
In the day's important economic news, the number of Americans who applied for unemployment benefits in late March rose by more than expected to 276,000 and hit the highest level in two months.
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