The stock market has also fallen ill due to rising cases of the corona. Today, the market fell sharply on the first trading day of the week. The Bombay Stock Exchange's flagship index Sensex closed down 870.51 points, or 1.74 percent, at 49159.32. At the same time, the National Stock Exchange's Nifty closed 229.55 points, or 1.54 percent, at the level of 14637.80. The 30-share BSE Sensex gained 20,040.66 points or 68 percent in the last financial year. The BSE 30-share Sensex gained 1,021.33 points, or 2 percent, in the previous week with a short trading session.
Corona raised concern
The second wave of corona in the country is becoming extremely deadly. For the first time since the coronavirus knocked in the country, the number of corona infects found in a day has crossed one lakh on Monday. In the last 24 hours, 1,03,558 new corona patients have been found in the country and 478 people have died due to corona infection. Earlier, on September 17, 2020, the country had the highest number of 97,894 corona patients, one day in the country. The number of patients found was highest.
State of global markets
America's Dow Jones index was up 171 points to close at 33,153. The Nasdaq index was up 233 points to close at 13,480. Japan's Nikkei index is trading up 267 points at 30,121. Korea's Kospi index has a slight drop of four points, with the index trading at 3,109. Australia's stock markets are closed on Monday due to Easter. Stock markets of China and Hong Kong are closed due to Tomb Sweeping Day.
These factors will decide the direction of the market this week
The direction of the stock markets will be decided this week by the Reserve Bank's monetary review, macroeconomic data, Kovid-19 transition stance, and global cues. Analysts have expressed this opinion. Analysts said the quarterly results for the companies would start in mid-April. In such a situation, there may be some integration in the market before this. Apart from this, the manufacturing and services sector PMI figures are due this week. This will also affect the market sentiment.
Such was the situation of veteran shares
Talking about the big stocks, today TCS, HCL Tech, Wipro, Britannia, and Infosys shares closed on the green mark. IndusInd Bank, SBI, Bajaj Finance, Eicher Motors, and M&M shares closed at the red mark.
Sectoral index tracking
If we look at the sectoral index, today all the sectors, except metal and IT, closed on the red mark. These include PSU Bank, Pharma, Realty, Media, Auto, Finance Services, FMCG, Private Banks, and Banks.
The market was open on the red mark
In early trade, the Sensex opened at 49724.80, down 305.03 points (0.61 percent). At the same time, the Nifty was down 82 points, or 0.55 percent, to open at 14785.40. There was a rise in 688 stocks, a fall in 719 shares, while there was no change in 107 shares.
The stock market closed on Thursday with an increase
The stock market had gained on the first trading day of the financial year 2020-21 ie Thursday. The Sensex closed at the level of 50029.83, up 520.68 points or 1.05 percent. At the same time, the Nifty closed at the level of 14867.35 with a gain of 176.65 points, or 1.20 percent. The market was closed on Friday to celebrate Good Friday.
Adani's stock rises 36% in five days
Gautam Adani's company Adani Total Gas shares today surged 10.12 percent to 1,168. The company's stock has gained 36 percent in the last five trading days. The company has a market capitalization of Rs 1.28 lakh crore.
Mutual fund units put so much money in shares in March
Mutual fund companies have infused Rs 2,476 crore in shares in March. In this way, for the first time in 10 months, there has been a net investment in shares by mutual funds. Consolidation in the stock markets has given fund managers the opportunity to invest. According to data from the Securities and Exchange Board of India (SEBI), mutual funds have been continuously withdrawing from shares since June 2020 before March. Earlier in February, mutual funds withdrew Rs 16,306 crore from shares and Rs 13,032 crore in January. In December, he pulled out Rs 26,428 crore from shares, Rs 30,760 crore in November, Rs 14,492 crore in October, Rs 4,134 crore in September, Rs 9,213 crore in August, Rs 9,195 crore in July, and Rs 612 crore in June.
FPIs infuse Rs 17,304 crore
Foreign portfolio investors (FPIs) continued their investment in Indian markets for the third consecutive month in March. In March, FPI invested a net Rs 17,304 crore in Indian markets. According to the depository data, FPIs invested Rs 10,482 crore in equities and Rs 6,822 crore in the debt or bond markets from March 1 to 31. Thus his net investment stood at Rs 17,304 crore. Earlier, FPI had invested Rs 23,663 crore net in Indian markets in February and Rs 14,649 crore in January.