Domestic equity markets have been staring at a positive opening on Thursday, right after falling for two consecutive days. In the preceding session, BSE Sensex ended at 47,705, though the broader Nifty 50 index closed at 14,296. Market participants will closely watch the increasing COVID-19 situations, on-going vaccination drive, oil costs, rupee movement amid weekly F&O expiry. Meanwhile, international stock markets have been observed trading largely positive.
SGX Nifty: Nifty futures have been trading 116.50 points or .83 per cent greater at 14,195.50 on Singaporean Exchange, suggesting a positive begin for BSE Sensex and Nifty 50 on Thursday.
Results today: A total of 12 BSE listed firms such as Indus Towers, Rallis India, Sasken Technologies, Tata Elxsi, Visaka Industries, Amal, Fineotex Chemical, Filatex India, Hindustan Bio Sciences, Indbank Merchant Banking Services, and Ind Bank Housing will announce their January-March quarter earnings on April 22.
Technical speak: “The markets marginally threatened the 14200 level but was swift to bounce from there. If we break this level, we could fall rapidly to 13800-13900 and an extreme sell situation thereafter can take the Nifty down to 13600 as well,” stated Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments.
Global markets: Asian stock markets have been trading greater in early trade on Thursday. Japan’s Nikkei jumped more than 2 per cent, Shanghai was marginally up, Hang Seng was up almost half a per cent though Kospi gained more than half a per cent. In overnight trade on Wall Street, US stock indices ended greater. The Nasdaq Composite added 1.19 per cent, the Dow Jones Industrial Average rose .93 per cent, though the S&P 500 gained .93 per cent.
FII, DII information: On Tuesday, foreign institutional investors (FIIs) offloaded shares worth Rs 1,082.33 crore, though domestic institutional investors (DIIs) lapped up shares worth Rs 1,323.01 crore on a net basis in the Indian equity marketplace, as per provisional information readily available on the NSE.