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Equity benchmark indices extend gains
At 9.55 a.m., Sensex was 0.8 per cent up at 57,473 points, whereas Nifty 0.7 per cent up at 17,252 points. Among the stocks, Coal India, Asian Paints, ITC, IndusInd Bank, and Reliance Industries were the top five gainers, while Nestle India, Hindalco, Tata Steel, Tech Mahindra and ONGC were the top five losers, NSE data showed.
Keeping opening session gains intact, indices settle high
With the day's rise, the indices broke the five day losing streak. In the past five sessions, the Sensex and Nifty declined almost 4 per cent each, data showed. On Wednesday, Sensex settled at 57,038 points, up 574 points or 1.02 per cent, whereas Nifty was at 17,137 points, up 178 points or 1.05 per cent.
Snapping 5-day losing streak, indices up in opening session
In the past five sessions, the Sensex and Nifty declined almost 4 per cent. High inflation amid rising crude prices weighed on the investors sentiment in the past few sessions, said analysts.
Equity indices largely steady in early trade after a storm
At 9.30 a.m., Sensex was at 57,195 points, up 0.05 per cent, whereas Nifty was at 17,212 points, up 0.2 per cent. On Monday, both the indices declined 2 per cent each. A rise in inflation as well as a fresh spike in global crude oil prices seemed to have dented investors' sentiment.
Price Woes: Sustained inflationary pressure to dent equities
Besides, the underwhelming corporate results till now along with the recent rise in global crude oil prices and a weak rupee are expected to support this trend. "Sustained high inflation and tightening monetary policy globally are bringing caution among the participants," said Deepak Jasani, Head of Retail Research, HDFC Securities.
IRDAI to hold Open House sessions with regulated entities
According to IRDAI, the Open House will be chaired by the Chairman and in his absence the senior most whole-time member along with other officials. The IRDAI has requested all the regulated entities- insurers, intermediaries- to make use of this initiative and offer pragmatic solutions to reduce significant insurance penetration gap in the country.
Equity indices open positive despite high inflation in March
Retail inflation for March came at 6.95 per cent, which has been above RBI's upper tolerance band of 6 per cent for three consecutive months since January. At 9.53 a.m., Sensex was 0.4 per cent up at 58,820 points, whereas Nifty up 0.5 per cent at 17,620 points.
Equity MFs' net inflows rose to over Rs 28K cr in March
The net inflows into equity and equity-linked schemes rose to Rs 28,463.49 crore from Rs 19,705.27 crore in February and Rs 14,887.7 crore in January. In December 2021, the net inflows had stood at over Rs 25,000 crore. "The deteriorating geo-political situation caused by the Russia-Ukraine war, elevated hawkish US Fed stance, or even the rising inflation owing to spurt in fuel prices have not deterred investor confidence in the India growth story," said N.S. Venkatesh, Chief Executive, AMFI.
FPIs continue selling, withdrew Rs 41,123 cr from Indian equity in March
The sell-off by the FPIs in March is way more than they pulled out in January and February of Rs 33,303 crore and Rs 35,592 crore, respectively. The recent sell-off was triggered by policy rate hike by the US Federal Reserve which made the country more attractive for investments.
Equity indices start fiscal FY23 in green, Sensex up over 700 pts
"The stock market kicked off FY23 on a positive note. It started the day muted and in line with global markets but strengthened as the day progressed as the broad market picked up and buying increased in sectors like banks, power and realty," said Vinod Nair, Head of Research at Geojit Financial Services. The outcome of the Reserve Bank of India's upcoming monetary policy meeting next week would be the major factors that will dictate the market outlook, he added.
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