Sensex Today: Stock Market Live Updates: Sensex Down 400 Points, Nifty Down 17,050; bank stocks trail top; Inox, PVR soar up to 20%; Motherson Sumi Wiring Lists

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SC agrees to hear Reliance Infra’s guilty plea against DMRC: Agencies

Price as of March 28, 2022 11:09Click on company names to see their prices live.

Godrej Properties targets Rs 2,000 cr revenue from 33-acre housing project in Bangalore

Real estate firm Godrej Properties Ltd said on Monday it has signed an agreement to develop a 33-acre parcel of land in Bangalore and expects revenue of around Rs 2 billion from this upcoming residential project. The land is located in the Bannerghatta Road residential micro-market in south Bengaluru, Godrej Properties said in a regulatory filing.

“The new project near Bannerghatta Road will have a development potential of approximately 3.4 million square feet of salable area with an estimated revenue of approximately Rs 2000 crore,” it added.

The stock was trading flat with a negative bias.

Risk-off sentiment shrouds any positivity due to Russia-Ukraine talks scheduled for today. China is in lockdown due to Covid-19, which ensures that Chinese demand may decline. Oil is down slightly for the same reason. Rupees range for the day 76.20 to 76.50.

– Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors

Best Sensex Drags

Best Sensex Drags

Top 5 losers in the banking space

Price as of March 28, 2022 10:17Click on company names to see their prices live.

NEW LISTING

NEW LISTING

Although the war in Ukraine and the subsequent rise in oil initially affected the markets, the war is not affecting the markets much now. The main headwinds for the markets in 2022 will continue to be high US inflation and a tightening Federal Reserve. It appears that markets have priced in a hike of around 190 bps by the Fed in 2022. The fact that markets remain resilient despite so many headwinds is a reflection of the strength of this bull market. IIDs and retail investors now wield more market influence than FPIs. Domestic investors emerging as a major counterforce to good weather FPIs is a desirable development. However, retail investors should be more vigilant in their investments by avoiding low-rated stocks and investing in high-quality stocks.

– Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Nifty slides below 17,100

Nifty slides below 17,100

Selloff picks up pace, Sensex down 250 points

Selloff picks up pace, Sensex down 250 points

Kalyan Jewelers India Says Vinod Rai Will Be Appointed Chairman

Price as of March 28, 2022 09:25Click on company names to see their prices live.

See the most active stocks on NSE

Price as of March 28, 2022 09:23Click on company names to see their prices live.

PVR Ltd and INOX Leisure have announced a merger agreement to create the country’s largest multiplex chain with a network of over 1,500 screens.

Price as of March 28, 2022 09:20Click on company names to see their prices live.

Industry Watch: Media Pack Recovers Most

Industry Watch: Media Pack Recovers Most

Sensex Heat Map: Top Gainers and Losers at the Opening Tick

Sensex Heat Map: Top Gainers and Losers at the Opening Tick

Sensex reverses losses after opening higher and lowering 100 points

Sensex reverses losses after opening higher and lowering 100 points

OPENING BELL: Sensex wins 100 points, Nifty at 17,180; Inox Leisure soars 15%, PVR 5%

Pre-open session: Sensex gains 200 points, Nifty closes in on 17,200

Oil Plunges as Shanghai Lockdown Sparks Fears of Falling Demand

Oil prices slumped around $4 on Monday as concerns grew about lower fuel demand in China after authorities in Shanghai said they would shut down the country’s financial hub over a blitz of COVID-19 tests during nine days. Brent crude futures fell as much as $116.00 a barrel and were down $3.88, or 3.2%, at $116.77. US West Texas Intermediate (WTI) crude futures hit a low of $109.30 a barrel and were down $3.92, or 3.4%, at $109.98.

SGX Nifty signals a flat start

Nifty futures on the Singapore Stock Exchange traded 3 points, or 0.02 percent, at 17,194.50, indicating that Dalal Street was headed for a flat start on Monday.

Tech View: Further Nifty50 Consolidation Likely

Nifty50 fell for the third day in a row on Friday and closed below its 50-day moving average. The index formed a bearish candle on the daily chart, with a downward wick, reflecting the support that the NSE barometer took intraday near its 200-day moving average. On the weekly timeframe as well, the benchmark NSE index formed a bearish candlestick. Analysts said that the consolidation in the index may continue and the 17,000-17,450 range may remain intact.

Hong Kong stocks start marginally higher

Hong Kong stocks opened small gains on Monday morning after a sharp loss late last week, although Shanghai fell after authorities announced a gradual Covid lockdown of China’s largest city. The Hang Seng Index rose 0.08 percent, or 17.32 points, to 21,422.20. The Shanghai Composite Index lost 0.84 percent, or 27.07 points, to 3,185.17, while the Shenzhen Composite Index on China’s second-largest bourse fell 0.71 percent, or 14.94 points. , at 2,098.80.

Tokyo shares open lower on profit-taking

Tokyo stocks opened lower on Monday after nine straight sessions of gains as investors closely watched developments in Ukraine. The benchmark Nikkei 225 index was down 0.39 percent or 110.87 points at 28,038.97 in early trading, while the broader Topix index fell 0.06 percent or 1.14 points to 1,980.33. . “Profit-taking is likely” even though rallies on Wall Street should support investor confidence, senior market analyst Toshiyuki Kanayama at Monex told Reuters.

US stocks closed higher on Friday

The S&P 500 closed higher on Friday as financial stocks rose after the benchmark Treasury yield rose to its highest level in nearly three years. The Dow Jones Industrial Average rose 153.3 points, or 0.44%, to 34,861.24, the S&P500 gained 22.9 points, or 0.51%, to 4,543.06 and the Nasdaq Composite fell 22.54. points, or 0.16%, at 14,169.30.

Rupee advances 9 paise to 76.24 against the dollar

The rupee rose a further 9 paise to close at 76.24 against the US dollar on Friday after falling crude oil prices and weakness of the US currency in overseas markets. In the interbank foreign exchange market, the local unit opened at 76.15 against the dollar and posted an intraday high of 76.12 and a low of 76.29. The rupee settled at 76.24, registering a rise of 9 countries from its previous close of 76.33.

Sensex, Nifty Friday

The benchmark Sensex and Nifty indices fell for the third day in a row on Friday as profit-taking in consumer durables, FMCG, banking and IT stocks amid lingering concerns about commodity prices, rising interest rates and geopolitical tensions. The benchmark 30-stock BSE index fell 233.48 points, or 0.41 percent, to 57,362.20. During the day, it tumbled 495.44 points to 57,100.24. The broader NSE Nifty fell 69.75 points, or 0.40 percent, to 17,153.

Good morning, dear reader! Here’s something to start your trading day

Good morning, dear reader!  Here's something to start your trading day
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