Share Market Live Update: The beginning of the stock market was strong today amid the two-day Bharat Bandh. Bombay Stock Exchange’s 30-share key sensitive index Sensex opened at 57472 with a gain of 110 points at 9:15 am. On the other hand, Nifty started trading today with a green mark.
Within a few minutes of initial trading, the market came on the red mark. The Sensex fell at the level of 57,262 with a loss of 99 points. 27 stocks of Nifty 50 were on the green mark. Nifty was trading at the level of 17146 with a loss of 6 points. Stocks like Cipla, Tata Consumer, UltraTech Cement, IOC and Bajaj Auto were among Nifty top gainers. At the same time, HDFC Bank, UPL, Kotak Bank, HDFC Bank and Hindalco had shares.
How will the market move this week
Stock markets are expected to remain volatile this week due to the Russia-Ukraine conflict, settlement of monthly derivatives contracts and higher crude oil prices. Analysts have expressed this opinion. Last week, the 30-share BSE Sensex fell 501.73 points or 0.86 per cent.
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Analysts say geopolitical tensions and supply-side concerns will continue to weigh on investor sentiment. Market experts say that the market will remain volatile this week due to settlement of derivatives contracts for the month of March. Ajit Mishra, Vice President – Research, Religare Broking said, “Market participants will also keep an eye on the sales figures of auto companies coming out on April 1. All eyes will be on the developments related to the Russo-Ukraine war on the global front. Investors will also keep a close watch on crude oil prices. Apart from this, the movement of the market will also be determined by the volatility of the rupee and the investment pattern of foreign institutional investors, he added.