Stock market today: The Indian benchmark index Sensex and Nifty are expected to open on 6 March. In today’s trading session, the gift Nifty is trading on a broad index around 22,448.50. On March 5, the Indian benchmark index rose rapidly and the Nifty closed above 22,300, which broke down by 10 days between Asian, positive trends in European markets and shopping in all areas. The Sensex fell 1.01 percent to close at 73,730.23 in the last trading session. While the Nifty closed down 1.15 per cent at 22,337.30.
Today, be connected with Moneycontrol to know what is happening in the currency and equity market. Here we are presenting the list of important news on all the news platforms for you, which can have an impact on the Indian and international market.
Crude oil at 6 months low
Pressure on crude oil prices released, Brent increased concern at 6 months low, prices below $ 70, Tariff War and OPEC+ countries increased concerns, while Citigroup said- Brent could come below $ 60.
Tesla leased showroom in BKC
Tesla has stepped up preparations for admission to India, leasing a 4000 square -foot showroom space in BKC, Mumbai, spent about Rs 23 crore on a 5 -year lease.
Champions Trophy Final: India vs New Zealand
India will face New Zealand on Sunday in the final of the Champions Trophy. New Zealand defeated South Africa by 50 runs in the second semi -finals.
Gift nifty
In today’s trading session, GIFT is giving initial hints with an increase in Nifty. The Nifty futures were trading around 22,448.50.
Major levels for Nifty 50:
Support based on axis points: 22,392, 22,469 and 22,594
Resistance based on axis points: 22,142, 22,065 and 21,940
Global market signal
On the day of Nifty’s weekly expiry, there are good signs for the Indian market. Gift Nifty is doing a flat business. The long-short ratio of FII reached a one-month high. Most of them are trading in the Asian market. In the hope of tariff relief, the US markets saw a strong rise. Dow Jones increased by about 500 points and Nasdaq also increased by about one and a half percent.
US market status
Yesterday the market closed at a high level. Dow Jones rose about 500 points from the lowest level. S&P 500 and Nasdaq showed improvements after two days fall.
Due to improvement in market
Auto manufacturers got relief from the Trump administration. One month relief was given on the tariff issue. Auto manufacturers were relieved under the USMCA Agreement. The USMCA means the US-Mexico-Canada Agreement. USMCA was discussed during Trump’s first term. The White House can also provide relief to other industries. Canada and Mexico may also get relief in some agricultural products.
Canada’s reaction to tariff
We can remove the tariffs imposed on America. But first America will have to remove the tariff. Tariff will harm American people.
Dollar weakened
The dollar index fell below 105. The dollar index fell for the third consecutive day. The dollar index fell about 3.50% in three days. Germany will increase spending on defense and infrastructure. Germany’s statement led to a bounce in the euro.
This boom came from a weak dollar
Gold and silver increased for the third consecutive day. Gold on Comex reached close to $ 2930. Silver rose by 3% to above $ 33 on comex. In the international market, there was a lot of shopping in copper. Copper prices reached a 9 -month high. Copper prices crossed $ 4.76 per pound.
Pressure increased in crude oil
Prices came to a low of 6 months. Brent prices fell below $ 70. Brent reached the lowest level of September 2024. Yesterday Brent prices reached close to December 21. Morgan Stanley reduced his Brent target from $ 75 to $ 70 for the second quarter. Citigroup estimates that the price of Brent will fall to $ 60 per barrel.
Important events today
ECB’s decision on interest rates. US early unemployment claims and trade deficit figures will be released. It has speeches from Scott Besant and Fed Officers.
Asian market
Today, mixed business is being seen in Asian markets. The gift Nifty is trading with a gain of 65.00 points. Whereas, Nikkei is seen with an increase of 0.82 per cent to around 37,726.02. Meanwhile, the Straits Times shows an increase of 0.27 percent. Taiwan’s markets are trading at 22,760.69, declining 0.49 per cent. While Hang Seng is seen at the level of 24,170.54 with a strength of 2.44 per cent. Meanwhile, Kospi is trading 0.73 percent to 2,576.69. At the same time, Shanghai Composite is trading at 1,198.37 with a decline of 8.59 points, or 0.71 per cent.
American bond yield
The return on the 10-year-old Treasury rose by 81 base points to 4.31%, while the 2-year-year-old treasury fell by 83 basis points to 4.03%.
Dollar index
The US dollar remained unchanged compared to major currencies in the early Asian business.
FII and DII data
Foreign institutional investors sold Rs 2895 crore in Indian markets on 5 March. Whereas, domestic institutional investors bought shares worth Rs 3370 crore on this day.
F&O ban shares
The restricted securities under the F&O section include companies that have more than 95 percent of the extensive market status range of the derivative contract market.
New stocks also included in F&O ban: Neil
Stock maintained under F&O ban: Manappuram Finance
This stock was removed from F&O ban: Neil
