Business & Investment

Today’s Nifty: SGX Nifty fell 75 points.This is what changed for the market while you were sleeping

Most stocks Asian market It rose this morning as the Treasury recovered some losses, but Dalal Street’s trading system looked weak after the Maharashtra government decided to introduce a tighter curb to curb the spread of the coronavirus.

That said, this is what drives the daytime market.

Market condition
This is the breakdown Before marketing Action.

SGX Nifty Shows a weak start
Singapore Exchange’s nifty futures traded at 14,918, down 74 points (0.5%) on Monday as a sign that Daral Street is heading for a weak start.

Tech View: Nifty Eyes 14,900 Level
At the end, the index exceeded the 20-day and 50-day simple moving averages, overriding the bearish belt hold pattern formed in the previous session. Analysts advised traders not to read the flat market moving average too much, but believe that a 14,900 level breach could bring the Bulls back into the game.

Some Asian markets are showing strength
Equities in other Asian markets rose this morning as investors considered the sustainability of the latest sale of bonds. The area gauge was bordered higher. Japan’s Nikkei Stock Average rose 0.8%, but South Korea’s Kospi looked weak. Markets in China, Hong Kong and Australia are closed due to Easter holidays.

U.S. stocks Calmed down high on friday
The S & P 500 rose 46.98 to 4,019.87. The latest all-time high of the index is the second in 7 days. The Dow Jones Industrial Average rose 171.66 points (0.5%) to 33,153.21. Technology-intensive Nasdaq rose 233.23 points (1.8%) to 13,480.11.

DII sells shares worth 297 rupees

Net Net, Foreign Portfolio Investor (FPI) is a buyer of domestic stocks of Rs 14.941 billion, suggesting data available at NSE. According to the data, DII was a net sale of 297 rupees.

A nifty, broader base
Nifty has adopted a more democratic texture, as evidenced by the recent performance of its components. So how mundane and widespread is this democratic progress? The Nifty50 Equal Weight index, which is assigned equal weights to all components, consistently outperforms last year’s benchmark Nifty50 index based on market capitalization weights.

FII, HNI Covers Bank Nifty’s Bearish Bet
Foreign institutions and some rich investors covered a significant portion of their cumulative bearish bet on Bank Nifty futures on April 1 and pushed up active index futures contracts by 2%, but these market members are fresh. Performance degradation to a wider Nifty may continue until you stop adding stuff. Longing for an index. Bank Nifty’s poor performance is a shortage of FII and HNI, as analysts fear an increase in bad debts to banks after the Supreme Court refuses to interfere with industry groups and the industry’s demands for government and RBI moratorium policies. I think it is due to.

Money market

Rupee: The rupee closed at a high of 73.12 at 26 Paisa against the US dollar on Wednesday, closing well with a rise of more than 3% despite the economic turmoil caused by the coronavirus. : The foreign exchange market remained closed on Thursday due to the bank’s annual closure and Friday on Good Friday.

10-year bond: India’s 10-year fixed income yield rose 0.55% to 6.17 after trading in the range 6.14-6.18.

call charges: According to RBI data, the weighted average of overnight call money rates was 3.22%. It moved in the range of 1.90-3.50 percent.

Notable data / events

  • Japan Jibun Bank Service PMI Final MAR (06:00 am)
  • India Markit Manufacturing PMI MAR (10.30 am)
  • US Markit Composite PMI Final MAR (07.15 pm)
  • US Markit Services PMI Final MAR (07.15 pm)
  • US factory orders MoMFEB (7:30 pm)
  • IMF / World Bank Spring Meeting


IT to check capital gains directly
Starting this fiscal year, the Income Tax Office will have direct access to details of capital gains, dividends received and interest earned by investors. This is expected to lead to reporting or non-declaration of such income. Shares issued by the IT department on March 12 between stock exchanges, depository institutions, clearing institutions, issuance registration agencies, and intermediaries who need to submit information about capital gains on listed securities and investment trusts. Includes transfer agent.

Maha’s curb approaches the market
The recent strength of the stock market could face a surge following the Maharashtra government’s Sunday decision to introduce tighter regulations to contain the coronavirus epidemic. Analysts expect a weak start on Monday as most of the country’s coronavirus case surge comes from the state, but losses could be limited unless other states follow the blockade. There is. Last week, Jeffreys chief global strategist Christopher Wood said Indian stocks were not priced due to a new blockade. JP Morgan also warned that the government could be forced to blockade if the number of incidents continued to skyrocket.

RBI may not change monetary policy
The RBI is expected to maintain broader interest rates and its accommodative financial stance this week to drive a fragile economic recovery as partial movement restraints are revived to curb the epidemic of the coronavirus. .. However, investors need to clarify communication from Governor Shaktikanta Das on his agenda on the bond market, which has recently been plagued by rising yields. Suppression of new companies, potentially slowing economic activity, and rising commodity prices that could cause an inflation spiral are tasked with keeping the CPI in the 2-6% range for another five years. It poses a challenge to the Monetary Policy Committee. Year.

Not the worst for the automotive industry
The rapid recovery of the private car segment in 2009 is a peculiar event that was not reflected in other automotive segments, and the worst for the industry severely affected by Covid-19 is not over yet. is showing. The entire automotive market, which accounts for 8% of GDP, has returned to 2015 levels as two key segments of the automotive industry, the motorcycle and commercial vehicles segments, have not caught up with the passenger car segment.

RBI may send more cash to government
Even as a record reserve, the RBI has the potential to transfer a higher surplus to the North Block through unlocking unrealized gains on currency values ​​and diversifying its forex asset base. Interest income also shrank after banks parked more surplus cash on Mint Road. Nevertheless, the central bank can cash out the valuation gains on its foreign exchange reserves. The valuation increase from April to December 2020 was $ 23 billion, compared to $ 6.3 billion during the same period in 2019.

Government plans to notify Cairn
After the Delhi High Court ruled that Rajastan’s oil and gas block license was obliged to pay a high profit share to the government instead of extending beyond the initial period, the Ministry of Petroleum decided that Cairn Oil and Gas in Bedanta. Will ask for tens of millions of dollars from, said the top executive. Tentatively, officials said the company’s Bermer Basin block license, which ended its first 25-year term on May 15, 2020, was given an eighth provisional extension.

Rapid increase in risk capital flow to startups
A series of large funding rounds for India’s most well-known start-ups, including Byju’s, Dream11, Udaan and Zomato, resulted in an inflow of risk capital into the sector of $ 3.65 billion in the fourth quarter of fiscal year 2021. Has been reached. From a year ago, when funding reached $ 3.22 billion, to more than a tenth, according to data provided by ET.

SBI mortgages are now 6.95%
SBI, the country’s largest lender, said on its website that mortgage rates will start at 6.95% from April 1st. Last month, public sector banks announced a special offer valid until March 31st. %. This shows that the highest mortgage rates have risen by 25 basis points. According to the SBI website, mortgages are available 40bps above the External Benchmark Link Rate (EBLR). The EBLR linked to the RBI repo rate is currently 6.65%, which means that mortgages are available at 7%.

Today’s Nifty: SGX Nifty fell 75 points.This is what changed for the market while you were sleeping Today’s Nifty: SGX Nifty fell 75 points.This is what changed for the market while you were sleeping

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