Sensex, Nifty Likely To Have A Weak Opening Asian markets rose in Thursday s morning trade following an overnight bounce on Wall Street; the Nikkei 225 jumped 1.2 per cent, Topix index gained 1.13 per cent and Kospi advanced 0.41 per cent
Updated: April 22, 2021 8:19 am IST
At 7:30 am, the Nifty futures were trading at 14,131, lower by 0.45 per cent on Singapore Stock Exchange
The domestic stock markets are likely to open in the red, extending their recent losses, due to escalating cases of Covid infections in the second wave. Trends on SGX Nifty indicate a gap-down opening for the index in India, with a 165-points loss. At 7:30 am, the Nifty futures were trading at 14,131, lower by 165 points or 0.45 per cent, as against the closing on April 20, on the Singapore Stock Exchange.
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Nifty futures on the Singapore Exchange traded 115.50 points, or 0.82 per cent, higher at 14,194.50 in signs that Dalal Street was headed for a positive start on Thursday. here are a few stocks which may buzz the most in today s trade:
Indiabulls Housing, HDFC: Indiabulls Housing Finance (IBH) and mortgage lender HDFC have entered into a strategic co-lending partnership to offer housing loans at competitive rates.IBH will originate retail home loans as per jointly drawn up credit policy and retain 20 per cent of the loan in its books, and 80 per cent will be on HDFC books.
Tata Elxsi, Cyient, Rallis India: Tata Elxsi, Cyient, Rallis India, Indus Towers, Sasken Technologies and
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India’s Covid count touching a grim record of over 3.16 lakh daily cases, highest for any country, and Maharashtra imposing stricter restrictions to control infections may not go down well with Dalal Street. That said, the Prime Minister’s plea to states to avoid complete lockdowns should help assuage some concerns as would the rebound in Asian markets after Wednesday’s big slump.
Here s breaking down the pre-market action:
STATE OF THE MARKETS
Nifty futures on the Singapore Exchange traded 115 points, or 0.82 per cent, higher at 14,194.50 in signs that Dalal Street was headed for a positive start on Thursday.
Sensex Sheds Over 400 Points On Escalating Covid Cases Asian markets rose in Thursday s morning trade following an overnight bounce on Wall Street. The Nikkei 225 jumped 1.2 per cent and South Korea s Kospi advanced 0.41 per cent.
Updated: April 22, 2021 9:26 am IST
. At 7:30 am, the BSE Sensex was at 47,252.55, weaker by 459.50 points or 0.97 per cent
The domestic stock markets have opened in the r:ed, extending their recent losses, due to escalating cases of Covid infections in the second wave. At 9:30 am, the BSE Sensex was at 47,252.55, weaker by 459.50 points or 0.97 per cent and the NSE Nifty was at 14,176.25, down 117.45 points or 0.85 per cent. The broader markets are outperforming the benchmark indices; the BSE Midcap index has shed 0.40 per cent and the BSE Smallcap index is trading flat.