IndusInd Bank topped the Sensex pack, which was around 2%.
On March 23, the equity benchmark Sensex rose over 300 points in early trade, giving rise to index majors Reliance Industries, HDFC Bank and ICICI Bank amid a mixed trend in global markets.
The 30-share BSE index was trading 301.17 points or 0.61% higher at 50,072.46, and the broader NSE Nifty rose 94.40 points or 0.64% to 14,830.80.
IndusInd Bank topped the Sensex pack with 2%, followed by Axis Bank, HDFC Bank, ICICI Bank, Ultratech Cement and Maruti.
On the other hand, Powergrid, Asian Paints, Tech Mahindra and NTPC lagged behind.
The Sensex lost 86.95 points or 0.17% to close at 49,771.29 and the Nifty fell 7.60 points or 0.05% to 14,736.40 in the previous session.
Foreign Institutional Investors (FIIs) were net sellers in the capital market on 22 March, as they closed shares worth 786.98 crore, as per exchange data.
Reliance Securities head strategy Binod Modi said that domestic equity is modest at the moment.
“The resurgence of COVID-19 cases in various parts of the country and the consequent sanctions have clearly bothered investors. This may restrict market performance in the near term unless the spread of the virus is controlled. However, the recent fall in crude oil prices and the relative INR against the dollar are reassuring. We further believe that the yield of the 10-year USA Treasury is unlikely to exceed a threshold due to increasing yields in improved prospects of economic recovery.
US markets ended higher yesterday, mainly due to a sharp rebound in technology stocks, with Mr Modi saying investors have also found comfort after AstraZeneca that its COVID-19 vaccine was safe and prevented the virus. Was 79% effective.
Elsewhere in Asia, capital session deals in Shanghai, Hong Kong, Tokyo and Seoul were trading on a negative note.
Meanwhile, global oil benchmark Brent crude was trading 0.91% lower at $ 64.03 a barrel.
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