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Snapping their 3-day winning streak, domestic equity markets traded range-bound in the negative territory on Friday, with a few episodes of gains. Amid mixed global cues and record Covid-19 cases back home, coupled with reports of vaccine supply crunch, the benchmark indices dropped 0.3 per cent today.
Among headline indices, the S&P BSE Sensex ended the day at 49,591 level, down 155 points. 50 per cent of the constituents ended the day in the red with Bajaj Finance (down 3 per cent), Ultratech Cement, NTPC, ICICI Bank, Axis Bank, IndusInd Bank, and Reliance Industries leading the list of losers. On the upside, Sun Pharma, HUL, Tech Mahindra, Titan Company, Dr Reddys Labs, and HCL Tech were the top gainers on the index, up in the range of 1 per cent to 3.5 per cent.
On the NSE, the 50-share barometer settled at 14,835 levels, down 39 points dragged down by UPL, Tata Steel, Coal India, and Axis Bank.
Trends in the broader markets were mixed as the S&P BSE SmallCap index closed 0.7 per cent higher while the S&P BSE MidCap index dipped 0.07 per cent.
The SmallCap index hit fresh record peak of 21,667, for second day in a row on the back of gains in Srei Infra, Butterfly Gandhimathi, Kilitch Drugs, Subex, Bank of Maharashtra, Aarti Surfactants, Vimta Labs, and Sasken Technologies.
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Topic :- Time:3.00 PM
Nifty spot if holds above 14800 level on closing basis then expect some further upmove in coming sessions and if it closes below above mentioned level then some sluggish movement is likely to follow in the market.
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Topic :- Time:2.40 PM
Just In:
PE fund True North Fund sells part stake in IPO bound Policybazaar: Buyers include Serum Institute.
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Topic :- Time:2.00 PM
Nifty declining. Nifty spot if breaks and trade below 14780 level then expect some further decline in the market and if it manages to trade and sustain above 14820 level then some upmove can follow in the market.
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Topic :- Time:1.00 PM
Nifty is still trading in a very small range. Nifty spot if breaks and trade below 14840 level then expect some decline in the market and if it manages to trade and sustain above 14880-14900 levels then some upmove is likely to be seen in the Nifty.
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Topic :- Time:12.00 PM
News Wrap Up:
1. Sensex, Nifty volatile; Nifty PSU Bank index surges 3%
2. After Facebook, LinkedIn faces massive 500 mn users data leak
3. Privatisation of two public sector banks on meeting agenda next week
4. SBI drags feet on loan to Adani firm for controversial Australian coal mine
5. No need for lockdown, focus on Covid-19 tests: PM Modi to CMs
6. GameStops strong stock performance triggered board directors exit
7. Zensar Tech climbs 6% on entering into a partnership with Claimatic
8. Siemens gains 4% on signing MoU with Ashok Leyland for E-Mobility solutions
9. Srei Infra zooms 20% as arm receives EoI for $250 mn capital infusion
10. Khadim India rises for fourth day, jumps 7% on credit rating tweak
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Topic :- Nifty Opening Note
Indian Stock Market Trading View For 09 April,2021:
Nifty to remain volatile. Nifty is likely to be sentiment driven.
Huge surge in Covid-19 cases along with looming lockdown fear can hamper sentiments.
Nifty spot if manages to trade and sustain above 14920 level then expect some upmove and if it breaks and trade below 14840 level then some decline can be seen in the market. Please note this is just opening view and should not be considered as the view for the whole day.
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