Global cues, whether positive or negative, depending on new reports on Covid19 pandemic will be the top factors for investors this week. However, market players will also looking for more relief actions from the govt.
Besides, in the auto sector, the sales data for March will be reporting in this week which will affect individual stock actions.
Crude oil benchmarks slipped on Monday, pulling out last week’s losses as the global Covid pandemic went downwards and the Saudi Arabia-Russia price war shown no signs of abating.
Brent Crude futures reportedly declined 5.6-pc to USD23.53/bl. Meanwhile, Indian indices opened lower on March 30 with Nifty below 8,400-level.
The Indian rupee today opened weaker at 75.18 against the USD, as against the last close of 74.85/USD. Analysts expect, the home currency is likely to continue in a price of band of 74 – 76 to the USD this week, though considerable weakness may see intervention from the RBI.
Stocks Today: Key benchmark indices were moving lower once again today, with the Sensex down by 521-pts, while the Nifty was down 155-pts at 9.44-am. Track the best stock to watch today, latest market updates from here.
Cipla, TechMahindra, Axis bank, Gail India and TCS were among major gainers in the Nifty at this point, whereas Bajaj Finance, Mahindra& Mahindra, Eicher Motors, JSW Steel and Bajaj Finserve were major losers.
Sectoral indices were combined with the Nifty Pharma, IT and FMCG were trading in the green while on downside Nifty Auto slipped the most, down by 3.77-pc, followed by Metal-down 3-pc and Nifty Bank and Financial- down between 1.74 and 2.58-pc each.