Indian share market news today | Live updates 22 March
Share Market Live News Today 22 March: Indian share markets are trading flat, pharma stocks are up
Market live news today 22 March: Indian share market opened flat amid mixed global cues. Nifty opened at 14736.30, down by 7.7 points while Sensex opened marginally higher by 20.53 points at 49878.77 levels. The Bank Nifty on spot price made a negative opening of 73.2 points at 34088.40 levels.
At 9.50 am IST, Indian share markets are trading flat. Sensex is trading lower by 0.10 percent while Nifty is trading absolutely flat. The Bank Nifty on the spot price is trading 0.20 percent down.
Cipla, BPCL, and Britannia are trading as the top gainers in the Nifty50 index whereas Tata Motors, Power Grid, and Reliance are trading as the top losers. The most active stocks in the Nifty50 index at this moment are Tata Motors, HDFC, and Reliance.
On a sectoral front, Healthcare, Capital Goods, and FMCG sectors are trading higher whereas Oil & Gas, Banking and Infrastructure sectors are trading in the red at this moment.
Indian share market may open flat today
Good morning and welcome to the Indian share market news today, 22 March at 7.45 am IST
Asian market indices are trading mixed today. Nikkei is trading lower by 1.77 percent whereas Shanghai and Hang Seng are trading higher by 1.02 percent and 0.32 percent respectively. The SGX Nifty is trading almost flat today. The Indian share market will open flat today as per the indication getting from the Asian markets at this moment.
The US markets were mostly closed in the red on Friday after the Fed Reserves decided not to extend a Covid-19 era capital break for banks. Investors are concerned as this could fuel a rise in bond yields and can see a financial sell-off. The US market indices Dow and S&P 500 closed lower by 0.71 percent and o.06 percent respectively whereas Nasdaq closed higher by 0.76 percent on 19 March.
The European markets closed lower on Friday. The inflation and fresh lockdown imposed in France dampened the market sentiments as investors were concerned about the swift economic recovery. The European market indexes FTSE and DAX closed lower by 1.05 percent while CAC declined 1.07 percent on Friday.
Indian share market closed higher, snaps five days losing streak on Friday. Sensex and Nifty closed higher by 1.30 percent and 1.28 percent respectively. FIIs and DIIs both were buyers in the cash market segments on the last day of the week. FIIs bought Rs 1418.43 crores while DIIs also bought Rs 559.62 crores in the cash market segments on Friday.
News that may impact the Indian share market today 22 March
The year-long coronavirus pandemic left Indian households more indebted, which has sharply jumped to 37.1 percent of GDP in Q2 of FY21 as per the data shown by RBI on March 21. The saving rate of households plunged to a low 10.4 percent due to tens of million job losses and deep pay cuts. This has resulted in them borrowing more or dip into their savings to meet their expenses according to the RBI report.
According to RBI data, Indian’s foreign exchange reserves increased by $1.739 billion to $582.037 billion in the week ended on March 12. The reserves had declined by $4.255 billion to $580.299 billion in the previous week ended March 5. Earlier India’s Foreign Exchange reserves had touched a record high of $590.185 billion in the week ended 29 January 2021.
The No 2 official at the International Monetary Fund on Saturday pointed to emerging signs of a strong global economic recovery. He has also warned that significant risk still remained, including the emergence of mutation of the coronavirus- as per the reports in Reuters.
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