The Indian stock market remained almost stable while trading within a very limited range on Thursday (27 February). At the same time, heavy selling pressure was observed in the broad market. Investors are becoming alert before the menstrual derivative expiration and the GDP figures are released at the end of this week. Investors are waiting for signs of rapid rise in economic activity.
The BSE Sensex with thirty -share opened today at 74,706 more than 100 points. However, it ended in no time. The Sensex closed up to 74,612 at 74,612 with a gain of 10.31 points or 0.01% after trading within a limited range throughout the session. Similarly, the Nifty 50 of the National Stock Exchange (NSE) also opened up to 22,613 points today. But shortly after the opening, it came to a flat level. Finally the Nifty closed down 2.50 points or 0.01% to close at 22,545.
On February 27, the monthly expiry of the Nifty in Indian stock markets continued to do business throughout the day. The Nifty closed close to 22550 and close to the Sensex 74600. The Nifty Bank rose 50 points to close close to 48650. In today’s business, Nifty Realty, Nifty Auto, Nifty Energy and Nifty PSE saw the biggest rise and decline. At the same time, Nifty Finance, Nifty Metal and Nifty Bank saw the most lead. The biggest decline in Nifty was Trent -3%, Bajaj Auto -2%, Tata Motors -2% and Hero MotoCorp -2%. Shriram was the top beneficiaries of Nifty with a gain of Finance +5.5%, Bajaj Finance +2.5%, Bajaj Finserv +2.7% and Sun Pharma 2%. Credit Access Rural +13%, AU Small Finance +6%, Sriram Finance +6% and Bharti Hexacom +4.5% gained a top beneficiary on BSE. Many stocks in the region declined due to the declaration of UltraTech cement cable and entry into the wire sector. KEI Industries declined -20.5%, -20% in RR cable, -18.5% in polycab and -6% in Finolex cables.
By the way, the stock market started with a rapid trend in the morning. The Sensex was trading up 220 points. The Nifty also increased by about 60 points. Bank Nifty also recorded a 200 -point lead. The midcap index led to a slight increase. But the maximum edge was seen in NBFC shares. Banks and NBFC have got a big relief from RBI, due to this news, these shares saw a boom. Additional risk load of 25 percent was lifted from the bank loan given to NBFC. These new rules will be applicable from 1 April.
Shriram Finance, Bajaj Finance, IndusInd Bank, Bajaj Finserv, Hindalco Nifty were the top gainers. At the same time, UltraTech Cement, ONGC, Trent, NTPC, Hero Moto were the biggest decline. If we compare it with the previous bandh, the Sensex opened 104 points to 74,706. The Nifty rose by 21 points to 22,568 and the bank Nifty opened 124 points to 48,732. In the money market, the rupee weakened by 4 paise and opened at $ 87.25. Nifty Financial Services, Nifty Metal, Nifty Private Bank was the fastest. But on the contrary, consumer durable items, realty and media indices saw the most decline.
The February series will end today. Some instability can be seen in the market on this occasion. There were signs of slight increase in early trade in the market. Earlier, the gift Nifty was running around 22600. Dow futures have declined by 65 points before the GDP (GDP) figures of the fourth quarter today. Nikkei climbed 125 points. Yesterday, there was a sluggish business in the US markets amid fluctuations. In two days, Dow has declined by about 30 points and Nasdaq has declined by 200 points.
Due to the possibility of peace between Russia and Ukraine, crude oil in the commodity market came to a two and a half month low to $ 72. Gold rose $ 15 to above $ 2930, while silver fell by one and a half percent to above $ 32 after three days. Gold rose by Rs 250 to close at Rs 85,900, while silver increased by Rs 900 to close at Rs 94,800.
