Share Market: Amidst mixed signals from the global market

Share Market: Amidst mixed signals from the global market

Share Market Opening: The Indian stock market opened with a rise on the first trading day of the week amid mixed signals from the global market. The upbeat Sensex is trading at 73,956.43 at 9.20 am with a rise of 0.20 percent or 150.28 points. Whereas, Nifty remains at 22,413.60 with a slight increase of 0.16 percent i.e. 35.20 points. 17 companies are trading with green mark on BSE Sensex. Whereas, 13 companies are in loss. As soon as the market opened, there was a sharp rise in the shares of NTPC and Power Grid. NTPC shares are trading at Rs 351.70 with a rise of 2.93 per cent and Power Grid’s stock is trading at Rs 293 with a rise of 2.13 per cent.

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Share market: Amid mixed signals from the global market, good start for the share market, Sensex jumped 150 points. 2

What is the condition of the sectors?

Mixed trading is being seen on Nifty. Growth is being seen in banks, financial services, pharma, PSU banks, private banks, reality, health care and oil and gas sectors. Whereas, losses are being seen in Auto, FMCG, IT, Metal and Consumer Durable. Today, stocks of NTPC, Power Grid, Dr Reddy and ONGC joined the category of top gainers in the market. Whereas, shares of JSW, Eicher Motors, Tata Steel, Tata Consumer and Titan were included in the category of top losers.

What is the expert’s opinion?

Regarding the week-long market, Santosh Meena, head of research at Swastika Investmart, said that the market will keep an eye on important developments like America’s services PMI data on March 5 and America’s unemployment data on March 8. He said that the prices of crude oil are also rising and this may affect the mood of the market. However, right now the market is ignoring any bad news and the bullish momentum is continuing. Whereas, Master Capital Services Ltd. Senior Vice President Arvinder Singh Nanda said that this week the market will react to global and domestic economic data, investment trend of FII/DII, crude oil reserves, movement of rupee against dollar and trend of global markets. At the same time, Vinod Nair, head of research, Geojit Financial Services, said that along with inflation data from China, additional data from America such as PMI and payroll data will play an important role in giving direction to the market.

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