Zee Business Managing Editor Anil Singhvi predicts that the Nifty50 index will receive support at 25,000-25,150 levels and may see a strong buy zone at 24,750-24,925 levels on Friday. Similarly, for Nifty Bank, he expects support at 51,125-51,275 levels and a strong buy zone at 50,375-50,575 levels. However, global sentiment remains negative, while FII and Nifty put-call ratio show a decline in long positions and a neutral trend, respectively. On the other hand, DII and Nifty Bank PCR suggest a positive sentiment.
Amidst a relentless sell-off and escalating geo-political crisis, Indian equities made a strong comeback today, with Nifty rising nearly 200 points from its day's low. The gains were driven by buying in IT and PSU bank stocks, with the overall market sentiment being boosted by multiple factors such as positive global cues and resilience in the IT sector. However, concerns about ongoing growth and geopolitical issues could still cause volatility in the IT and related sectors. Additionally, OMC stocks are also in focus due to spiked crude oil prices, and Bank of Baroda gained over 4 per cent on Citi's buy call. Stay updated with the latest Business news, Stock Market updates, tax estimates, and personal finance tips by following Zee Business on Twitter, Facebook, and YouTube.
After a holiday, domestic equity benchmarks Sensex and Nifty are predicted to open on a positive note in today's session. Both US and Asian markets also indicate positive trends. Here's a look at the global key indices, as well as the top gainers and losers of the Nifty 50 index. Additionally, a list of stocks that are likely to be in focus today is provided, including SBI, M&M, Vedanta Ltd, HZL, PNB, CIL, Bharti Hexacom, and more. Stay updated with the latest business news, stock market updates, and personal finance tips on Zee Business.
The Stock Market opened on a negative note today, with Sensex declining by 591.21 points and Nifty by 183.55 points in early morning trading session. Experts attribute this dip to the ongoing tension in the Middle East after Israel's attack on Iran, which is expected to increase oil prices and inflation worldwide. In the pre-open market, BSE Sensex traded at 71,999.65 while Nifty50 traded at 21,861.50. In the midst of this, ONGC, Apollo Hospital, Cipla, ITC, and Dr. Reddy were the top gainers while BPCL, HDFC Life, Bajaj Auto, Infosys, and Coal India were the top losers. Investors are advised to carefully consider all factors before making any investment decisions.
Indian benchmark indices ended near intraday lows after starting the first trading session of the week in the red. Global cues and pressure on PSU banks led to a muted start, with the BSE Sensex opening over 900 points lower and Nifty down 0.8%. Investors were also cautious as international crude oil prices remained elevated after an attack by Iran on Israel, prompting retaliation from the US and its allies. The Nifty Energy index was the top loser, trading 0.22% lower with Adani Green Energy leading the losses at 3.64%. Other major losers included Hindpetro down 2.31% and IOC down 2.20%. Despite a slight recovery from lows, the Sensex closed 1.14% lower and Nifty ended 1.10% lower. The fall in prices makes it a good time for investors to analyze their investment options and risks, as well as keep an eye on geopolitical developments affecting global markets.
The Indian stock markets, Nifty 50 and Sensex, are likely to start the day in red, as indicated by GIFT Nifty futures. Zee Business Managing Editor Anil Singhvi offers his views on the current market situation and provides insights on Nifty50 and Nifty Bank levels for April 2. Some major companies, such as Hero MotoCorp and Ashok Leyland, have already released their monthly sales numbers and others like Maruti Suzuki, Tata Motors, and Eicher Motors are expected to do so today. Telecom companies like Reliance Industries, Vodafone Idea, and Bharti Airtel will also be in the spotlight following the release of subscriber data by TRAI for January.