Markets Live: Sensex, Nifty Open Higher; Escorts Posts Highest Ever March Sale


A Positive Start

Indian equities began the final trading day of the truncated week on a strong note after a bout of correction on Wednesday. Sentiment across the Asia-Pacific region remains positive as well.

The S&P BSE Sensex opened 0.7% higher at 49,868 while the NSE Nifty 50 index also rose 0.7% at the start of trade to open at 14,798.

Both benchmark indices had given up half of Tuesday’s gains courtesy the correction on Wednesday.

Most sectoral indices too have opened higher. The PSU Bank index is up 1.4% courtesy various banks receiving capital infusion from the government. The Nifty Bank index too is up close to 300 points at the start of trade.

The Nifty Auto index is up 1.1% while the Metal index is up 0.8%.

Broader markets have opened in-line with the benchmark indices. The Nifty Midcap index opened 0.8% higher while the Smallcap index rose 0.9%.

Current Market Update

First Day Of FY22

Good Morning!

Indian equities gave up half of Tuesday’s gains in mid-week trading, dragged by the HDFC twins and IT stocks.

Despite Wednesday’s drop, benchmark indices are still poised to post gains for this truncated week. So far this week, the Sensex and Nifty have gained over 1% .

Futures are indicating a positive start to the weekly options expiry session as well as the final trading day of this holiday-shortened week. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.8% to 14,858, as of 8:00 a.m. on Thursday.

Auto stocks will be in focus as companies report their sales data for the month of March. IT stocks will also be on the radar, courtesy some new deals and acquisitions.

  • Asian equities rose this morning as investors assessed U.S. President Joe Biden’s infrastructure stimulus plans.
  • Markets in Japan and South Korea rose as did those in Hong Kong and China.
  • Futures on the Dow Jones are flat. The index fell 0.3% overnight.
  • Yields on the 10-year treasuries stood at 1.74% after their worst quarterly performance since 1980.
  • West Texas Intermediate crude rose 0.6% to $59.5 per barrel ahead of the OPEC+ meeting on Thursday.

. Read more on Markets by BloombergQuint.


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