SEBI’s warning about elevated valuations in the broader market has played a role in profit-booking, analysts say
ICICI Direct, Pound also traded lower amid strong dollar. The pair is expected to find support near 1.266 and move towards 1.2740 on expectation of no change in the monetary policy from the BOE.
Global cues were positive as Wall Street's three major indices ended in the green with S&P 500 closing at a fresh record high. Asia markets were also trading higher.
According to Geojit, The area under summer crops in Maharashtra rose 10% on year to 278,687 ha as of Monday, according to data published by the state agriculture department.
Sensex Today | Stock Market LIVE Updates: Except metals, all other sectoral indices are trading in the green. BSE Midcap and Smallcap indices are trading flat.
Brent crude futures for May delivery fell 19 cents, or 0.2%, to $87.19 a barrel by 0104 GMT. U.S. West Texas Intermediate futures for April delivery, which expire on Wednesday's settlement, fell 35 cents, or 0.4%, to $83.12 a barrel.
Biggest losers on the Nifty included TCS, BPCL, Tata Consumer Products, Tata Consumer and Nestle India, while gainers were Bajaj Finance, Bajaj Auto, Kotak Mahindra Bank, Hindalco Industries and Bharti Airtel.
Indices trade weak amid selling in mid- and small-cap segments. Weakness was seen across all sectors with Nifty IT leading the losses amongst the sectoral indices.
ICICI Direct, Rupee depreciated on Monday amid strong dollar and weakness in Asian currencies. Further, dollar purchase by state-run banks have limited the rupee’s rally.
The market is expected to be volatile in the near term as investors navigate valuations concerns in broader markets and await the US Fed's policy outcome
According to Geojit, India's non-basmati rice exports plunged 29% on year to $3.68 bln in Apr-Jan, accounting for over 18% of the total exports of agricultural products, according to data collated by the Agricultural and Processed Food Products Export Development Authority.
The Brent crude oil futures contract for May delivery slipped 16 cents to $86.73 a barrel as at 0300 GMT, whereas that for U.S. West Texas Intermediate (WTI) fell 13 cents to $82.03. The WTI April contract, with expires tomorrow, fell 16 cents to $82.56.
BSE Midcap and Smallcap indices shed 1 percent each.
Tata Steel, M&M, JSW Steel, Tata Motors and Apollo Hospitals were among the top gainers on the Nifty, while losers included Tata Consumer Products, UPL, Infosys, Adani Ports and Titan
ICICI Direct, Rupee edged lower on Friday amid strong dollar and rise in US treasury yields. Sticky inflation numbers in US has supported the dollar to stay higher.
Analysts expect markets to consolidate this week as investors await US Federal Reserve's interest rate outcome and other macro-economic data
According to Geojit, The area under rabi crops in Telangana was at 6.6 mln acres (1 acre = 0.40 ha) as of Wednesday, 9% lower than 7.3 mln acres a year ago, according to data from the state government.
India opens its first oil palm processing unit in Arunachal Pradesh. This achievement follows the launch of the National Mission for Edible Oils - Palm Oil in August 2021, aiming to produce 11.20 lakh tons of palm oil by 2025-26. With India importing 57% of its total edible oil needs, this initiative marks a significant step towards self-sufficiency. Despite global palm oil prices hitting a one-year high, India's palm oil imports in February saw a notable decline of 36%, the lowest since May 2023, showcasing progress towards domestic production and reduced dependency on imports. Catch Commodities Corner with Manisha Gupta and Atul Chaturvedi, Chairman of Asia Palm oil Alliance.
Adani group companies were in focus as all 10 stocks declined after Bloomberg said that US prosecutors had widened probe to focus on whether any of the firm engaged in bribery
Analysts expect the negative sentiment to prevail over the next few days as investors navigate concerns of 'froth' in mid-and smallcap segments
BSE Midcap and Smallcap indices ended on a flat note.
Brent crude oil futures for May delivery inched up 3 cents to $85.37 a barrel by 0045 GMT. The April contract for U.S. West Texas Intermediate (WTI) crude was up 10 cents to $81.14.
Chinese economic data and flash Manufacturing PMIs from developed economies will keep traders on their toes.
The inflows came following a modest investment of Rs 1,539 crore in February and an outflow of Rs 25,743 crore in January, data with the depositories snowed.
The mcap of Reliance Industries tanked Rs 81,763.35 crore to Rs 19,19,595.15 crore, the most among the top-10 firms.