The Indian stock markets continued their volatility in trade amid weak global cues to close with losses of 1203-points by Sensex and the Nifty lower by 344 pts respectively at 28,265 and 8,253-marks on the first day of the FY21. Meanwhile, European markets also indicated weak trend with US futures were down by over 2-pc amid Rising number of COVID19 cases weighed high on the markets.
Only four stocks in the Nifty50 pack viz Hero MotoCorp, Bajaj Auto, BajanFinacne and Titan Company gained, while the rest 46-nos stocks ended in the red with major losses in Tech Mahindra, Kotak Bank, Axis Bank, TCS and UPL between 5.97 and 9.40 percent each.
Today, the RBI announced more steps, including an expansion of the period for realization/repatriation of export proceeds, to cope with the economic fallout from the COVID19 epidemic.
All sectoral indices closed lower with the Nifty IT index slipping more 5.48-pc, the Media and FMCG slipped 3.5-pc each, while other sectors slipped in the range of 1.73 and 3.13 percent each. Track the best stock to watch today, top market updates from here.
Auto companies posted a significant falls in March 2020. Maruti Suzuki posted a fall of 47-pc in total sales of 83,792 units in March 2020, year-on-year. Maruti ‘s Stock price today quoted at 4,229-per share, down by Rs.59.30 from the previous closing.
Likewise, Ashok Leyland reported a 90-pc decline in total vehicles sales at 2,179 units in March. Stock today quoted at Rs.41.20, down by Rs.1.85 from previous closing.