Opening Bell
LIVE market updates: Mirroring the weak trend in Asian markets, amid the emergence of a new, highly mutated Covid-19 variant, benchmark indices started gap-down on Dalal Street on Friday.
Only two stocks — Dr Reddy’s Labs and Sun Pharma — were trading higher on the Sensex. All other 28 constituents were in the red dragged by Maruti Suzuki (down 2.5 per cent), Kotak Bank, HDFC, and Bajaj Finserv.
Markets appear to be defensive with only select pharma stocks trading in the green. Overall breadth was favouring sellers in a ratio of 2:1.
=========================================================================
Pre-open session
LIVE market updates:
Equities are trading with sharp cuts in the pre-open session. At 9:05 AM, the S&P BSE Sensex was down 343 points at 58,452 levels. The NSE Nifty, too, fell 234 points at 17,300 level.
==========================================================================
Updated at 8:15 AM
LIVE market updates: Indices may come under pressure on Friday as SGX Nifty is trading over 150 points lower at 17,409 levels.
Going ahead, future growth prospects and faster economic recovery are some of the factors in favour of the bulls, while persistent FII selling, quicker withdrawal of stimulus and change in interest rate trajectory weigh on the market sentiment.
Among individual stocks, Tarsons Products will be in focus today as the stock makes its debut on the bourses. The issue price was fixed at Rs 662 per share.
Global Markets
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.