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India could limit sugar exports to boost local stocks: Reuters
- India is considering restrictions on sugar exports for the first time in six years and may limit exports to around 8 million tonnes in an effort to prevent domestic prices from rising, government and industry sources told Reuters.
- Any restrictions on exports by the world’s second largest sugar exporter could push up global sugar prices which have been supported by lower output in top producer Brazil and firm crude oil prices, encouraging mills to produce more ethanol from sugar cane.
Zen Technologies Obtains Project Sanction Order (PSO) From Indian Army; shares reach 5% of the upper circuit
Price as of March 25, 2022 11:19Click on company names to see their prices live.
Top 5 losers in NSE in the morning session
Price as of March 25, 2022 10:46Click on company names to see their prices live.
I think a lot of the tech startups don’t even have a solid business model. We would stay away from that. It’s not that we’re blind to disruption, but we also don’t want to get caught up in hype around this topic of disruption. Sometimes I feel that the markets have overdone the disruption. As an investor, our job is to make money from a risk reward standpoint and not be part of all the parts and just sit there. So we’ve stayed away and I still think there’s foam and I still don’t think they had a great time. We’ll be alert.
– Vikas Khemani, Founder, Carnelian Capital Advisors
Rupee rises 18 paise to 76.15 against the US dollar in early trading
– Press Trust of India (@PTI_News) 1648183664000
NIFTY MEDIA sector with the best performance in NSE
Airtel prepays Rs 8,815 cr towards deferred liabilities for 2015 spectrum
- Telecom operator Bharti Airtel said on Friday that it paid Rs 8,815 crore to the government for partial prepayment of deferred liabilities related to spectrum acquired in the 2015 auction.
- The prepayment is for installments due in fiscal year 2027 and fiscal year 2028, the Sunil Mittal-led telecommunications company said in a statement.
- Over the last four months, Airtel has settled Rs 24,334 crore of its deferred spectrum liabilities ahead of schedule.
The 17000-17500 range for Nifty is likely to hold in the short term with a possible break above the upper band in early April triggered by positive earnings season news. The bullish undertone of the market is evident from the fact that despite many headwinds Nifty is up 2.5% in March so far and India is outperforming most markets. A hawkish Fed, rising crude oil and the uncertainties associated with the war have not dampened bulls’ enthusiasm. The bias towards value over growth is evident in the strong performance of stocks such as RIL and ITC and the weak performance of stocks such as Britannia and HUL. This trend is likely to continue.
– Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services
Sensex trades lower after starting the session on a positive note
See the most active stocks on NSE
Price as of March 25, 2022 09:22Click on company names to see their prices live.
Sensex Heat Map: Top Index Gainers and Losers at Open Trade
OPENING HOOD: Sensex throws 30 points, Nifty flat; Tata Consumer, Escorts drop up to 3%
SGX Nifty signals a positive start
Nifty futures on the Singapore Stock Exchange traded 58.5 points, or 0.34 percent, at 17,280.50, indicating that Dalal Street was headed for a positive start on Friday.
Tech View: Nifty Consolidation Continues
Nifty50 consolidated in a 200-point range on Thursday and closed above its 50-day moving average. The NSE barometer formed a small bullish candlestick on the daily scale, with an upper wick, suggesting selling at higher levels. Analysts said the index could continue to consolidate for some time before regaining strength.
Oil Falls as Supply Shortage Fears Ease
Oil prices fell around $1 on Friday as the United States and its allies considered releasing more oil from storage to cool markets and as traders faced higher costs to trade benchmark Brent futures. Brent crude futures fell $1.07, or 0.9%, to $117.96 a barrel, after falling 2.1% in the previous session. US West Texas Intermediate (WTI) crude futures fell $1.20, or 1.1%, to $111.14 a barrel, after falling 2.3% in the previous session. .
Hong Kong stocks start lower
Hong Kong stocks extended the previous day’s losses at the open on Friday as profit takers advanced following the recent market rally. The Hang Seng Index fell 0.96 percent, or 210.34 points, to 21,735.61. The Shanghai Composite Index fell 0.10 percent, or 3.11 points, to 3,247.16, while the Shenzhen Composite Index on China’s second-largest bourse added 0.08 percent, or 1.76 points. , at 2,146.10.
Japan stocks open higher on US chip rallies
Tokyo stocks opened higher on Friday on overnight gains in US equities, led by semiconductor shares. The benchmark Nikkei 225 index added 0.62 percent, or 174.65 points, to 28,285.04 in early trading, while the broader Topix index rose 0.48 percent, or 9.53 points, to 1,991.09. The dollar settled at 122.10 yen, slightly down from 122.38 yen in New York on Thursday.
Wall St resumes rally as chipmakers soar
Major U.S. stock indices rose more than 1% on Thursday, extending the market’s recent rally as investors bought battered shares of chipmakers and big-growth names and oil prices fell. The Dow Jones Industrial Average rose 349.44 points, or 1.02%, to 34,707.94, the S&P 500 gained 63.92 points, or 1.43%, to 4,520.16 and the Nasdaq Composite added 269, 24 points, or 1.93%, to 14,191.84.
Rupee rises 6 paise to 76.33 against the dollar
The rupee appreciated 6 paise to close at 76.33 against the US dollar in tight trading on Thursday, as investors assess the global economic impact of the Russia-Ukraine conflict amid high global oil prices to find direction. decisive. A weak trend in domestic stocks and a strengthening US dollar in the foreign market capped gains in the domestic unit, currency traders said.
Sensex, Nifty on Thursday
India’s benchmark index of stock markets, Sensex, closed down 89 points in volatile trading on Thursday due to selling pressure in banking and financial stocks. The 30-stock S&P BSE Sensex closed down 89.14 points, or 0.15 percent, at 57,595.68 points from the previous day’s close of 57,684.82 points. The Nifty closed down 22.90 points, or 0.13 percent, at 17,222.75 points. The Nifty had lost 69.85 points, or 0.4 percent, on Wednesday.
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