Sensex Opens Lower; IndusInd Bank & Bajaj Finance Fall 3%

Asian stock markets rose today after data showed a surge in US employment. The Nikkei is trading up by 0.9%.

Chinese and Hong Kong stock markets remained closed for trading.

In US stock markets, Wall Street indices rose on Thursday, setting record highs, on the back of the strongest manufacturing data around the world in decades and a drop in bond yields that lifted big tech shares.

US President Joe Biden's sweeping US $2.3 trillion plan to rebuild America's crumbling infrastructure added to investor enthusiasm.

The S&P 500 touched a new high as it charged past the 4,000 mark after the Institute for Supply Management said its index of national factory activity soared to its highest level in more than 37 years in March.

The Dow Jones Industrial Average rose 0.5% while the Nasdaq added 1.8% to 13,480.

Back home, Indian share markets have opened on a negative note, following the trend on SGX Nifty.

India recorded its biggest-ever spike of 1.03 lakh COVID-19 cases on Sunday, according to Worldometer. The Maharashtra government, on Sunday, announced a weekend lockdown in the state in a bid to curb the growing cases.

On the macroeconomic front, investors would keep an eye on the Manufacturing PMI data for March that will be released later today.

The BSE Sensex is trading down by 339 points. Meanwhile, the NSE Nifty is trading lower by 91 points.

Infosys is among the top gainers today. IndusInd Bank, on the other hand, is among the top losers today.

The BSE Mid Cap index has opened down by 0.4%. The BSE Small Cap index is trading lower by 0.6%.

Sectoral indices are trading on a mixed note with stocks in the IT sector and metal sector witnessing buying interest.

Banking stocks, energy stocks, and finance stocks, on the other hand, are trading in the red.

Shares of Adani Transmission and NMDC hit their 52-week highs today.

1 2 3
View single page >> |

Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.