The domestic stock market opened in the red on Tuesday. Bombay Stock Exchange’s benchmark Sensex was seen trading at 72,649.39 with a fall of 182.55 points at market opening in the morning. Similarly, the National Stock Exchange index Nifty was also trading at the level of 22050.40 with a decline of 46.35 points. As soon as the market opened, weakness was seen in Nifty Bank and mid cap stocks. The Bank Nifty index opened nearly 90 points or 0.20% lower at 46,769.90. Investors are expected to focus on the PCE index today Friday as well as the Federal Reserve’s inflation battle and upcoming policy meetings.
These stocks are in focus
Shares of Mankind Pharma and ICICI Securities are in focus today. HDFC Life Insurance, HCL Technologies, Bajaj Finance, Eicher Motors and Adani Ports were the top gainers in the Nifty 50. Whereas Power Grid, Britannia, ONGC, BPCL and Tata Consumer were the major losers in Nifty 50 on March 26. Biocon, SAIL, Tata Chemicals and Zee Entertainment Enterprise were in the F&O ban list on Tuesday.
On March 22, 2024, foreign institutional investors (FIIs) sold shares worth a net Rs 3,309.76 crore. Whereas, according to provisional data available on NSE, domestic institutional investors (DIIs) bought shares worth a net Rs 3,764.87 crore. WTI crude prices were seen trading 0.21% higher at $82.12 on Tuesday morning and Brent crude prices were seen trading 0.12% higher at $86.85.
Mixed trend in Asian market
According to Livemint, after the sharp comeback of US stocks, there was a mixed trend in the stocks in Asia. This pushed the S&P 500 index to several records. Japanese stocks swung between gains and losses, while shares in Australia fell. The S&P 500 fell for the second day Monday in a week that will include the Federal Reserve’s preferred inflation measurement.
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