The domestic stock market opened with a decline on Friday (March 21), due to a decline in global markets amidst American trade tariff concerns. The BSE Sensex with thirty share opened nearly 200 points to open at 76,155 today. At 9:25 am, it was trading at 76,273 at 74.30 points or 0.10% at 76,273. Similarly, the Nifty of the National Stock Exchange (NSE) also opened in red mark at 23,168.25 points. At 9:27 am, it was trading at 23,178, declining 12.10 points or 0.05%. In today’s business, investors will be eyeing the activities of foreign institutional investors (FIIs) and will also be on the events of negotiations for the proposed Indo-US bilateral trade agreement. Discussion on this is going to start next week.
Top losers
Sensex companies are seeing a major decline in shares of Infosys, TCS, HCL Tech, Titan, Zomato, Tech Mahindra, Airtel, HDFC Bank, SBI, Asian Paints.
How was the market on Thursday?
FII on Thursday bought Indian shares worth Rs 3,239.14 crore, while domestic institutional investors sold Indian shares worth Rs 3,136.02 crore during the session. In the last trading session, the market recorded a strong rise. The BSE Sensex rose by 1.19 percent to close at 76,348.06, while the Nifty rose 1.24 percent to close at 23,190.65.
What are the indications from global markets?
On Thursday, after the Federal Reserve kept the interest rates stable, the gains in the US market could not remain intact. S&P 500 closed down 0.22 percent to close at 5,662.89, Nasdaq Composite fell 0.33 percent to close at 17,691.63 and Dow Jones Industrial Average fell 0.03 percent to 41,953.32. At the same time, there is a mixed trend in Asian markets. Australia’s S&P/ASX 200 was up 0.27 percent today. Japan’s Nikkei 225 also rose 0.49 percent and Topics 0.68 percent. South Korea’s cospie was 0.13 percent and small-cap Kosdack below 0.62 percent. Hong Kong’s Hangseng index fell 0.53 percent and China’s CSI 300 was trading below 0.19 percent.
