Sensex and Nifty again and again shows the trading session towards red mark as SGX Nifty was hinting for a weaker stark for domestic indices, and here is a 6 point trade down.
On Thursday, Sensex and Nifty ended lower for the second day straight. And the Sensex was down 59 points while the Nifty 50 closed at 11,300 marks. The analyst has the opinion that in the coming days also equity markets show some volatile movements. So it is because of the global stock markets and domestically on the growing number of coronavirus cases. And one other factor which is considered by the investors for future trading is that the current CPI clocking, which is in at 6.93%.
Here the five things which want to know include:
AGR case in Supreme Court: The court will once again hear the Adjusted Gross Revenue dues case today. So the court had asked the government whether the telecom companies that were undergoing insolvency proceedings could sell their spectrum, to which the government had replied in the negative. Telecom stocks like Bharti Airtel, Vodafone Idea along with banks will have an eye on it.
Inflation up 6.93%: Consumer price inflation rose to 6.93% from a year earlier after falling for two months. The inflation rate has now stayed above the RBI limit. “Rising food prices largely due to supply chain disruptions is the main reason behind such high reading.
Global Peers: In the United States, S&P 500 and Dow Jones ended in the red while Nasdaq gained yesterday. So like India, stock markets in France, Germany, and the United Kingdom too were seen ending in the red. On Friday morning, Shanghai Composite and Hang Seng were trading with gains while equity markets in South Korea, Singapore, and Malaysia were in the red. Topix and Nikkei 225 were trading with gains.
Results today: Some of the companies that will post their quarterly results today: Industries, Fortis Healthcare, New India Assurance Company, Ramco Cements, Sun TV Network, United Breweries, Emkay Global, are. Technical talk: Nagaraj Shetti, Technical Research Analyst, HDFC Securities have an opinion that “The short term trend of Nifty continues to be range-bound. The market is likely to move
