Stock market today: The NSE Nifty began at 21727.00, up 9.00 points, or 0.04 percent, while the BSE Sensex opened at 71,410.30, up 18.14 points, or 0.03 percent. 0.06% of Nifty Bank’s trade was in the red.
Indian benchmark indexes opened mixed on the day the Reserve Bank of India (RBI) maintained the repo rate at 6.5% for the sixth consecutive day. The NSE Nifty began at 21727.00, up 9.00 points, or 0.04 percent, while the BSE Sensex opened at 71,410.30, up 18.14 points, or 0.03 percent. 0.06% of Nifty Bank’s trades were in the red.
Large corporations including Reliance Industries Ltd., Tata Consultancy Services (TCS), and ICICI Bank experienced purchases in the early hours of Friday’s trade. On Thursday, the markets saw little movement following RBI Governor Shaktikanta Das’s announcement of a 5-1 decision by the Monetary Policy Committee to maintain short-term lending rates unchanged. Exchange data indicates that Foreign Institutional Investors (FIIs) sold off equities worth Rs 4,933.78 crore.
The Indian rupee started the day unchanged at 82.96 against the American currency. Meanwhile, the Dollar index, which measures the US dollar against six major global currencies, edged slightly higher by 0.03 points or 0.03 percent, reaching Rs 104.06.
Stock market today: Sensex, and Nifty open in mixed territory.
International crude prices are on track to register weekly gains, despite efforts to mediate peace in the oil-rich West Asia faltering. Brent crude oil prices were down by 0.07 points, or 0.09 percent, trading at $81.56 per barrel, while US WTI Futures saw a marginal decrease of 0.03 points, or 0.04 percent, trading at $76.19 per barrel.
Many markets in the Asia-Pacific region were either partially or entirely closed due to the Lunar New Year celebrations. Japan’s Nikkei reached a 34-year high, surpassing the 37,000 mark, following remarks by the Bank of Japan governor indicating the continuation of an accommodating monetary policy. South Korea’s Kospi index edged up by 0.41 percent, reaching 2,620.32.
US indices saw bullish trading as the S&P crossed the 5000 threshold. The index crossed the 4,000 mark on April 1, 2021, although it took three years to attain this milestone. The S&P closed at 4,997.91, up 0.06 percent, while the Dow Jones Industrial Average (DJIA) edged up 0.13 percent to settle at 38,726. The tech-heavy NASDAQ gained 15,793.72, up 0.24 percent.
