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The Indian equity market gave up all its gains made during the first half of the day to end in the red on Friday, largely due to global factors including the rise in US bond yields.Bond yields in the world s largest economy rose during the day .
Benchmark indices ended higher in Tuesday s volatile session as bond yields in US and Europe retreated sharply. Sensex closed 584 points higher at 51,025 and Nifty rose 142 points to 15,098.40. Private banks, IT and consumer goods stocks led the gains i
Stock markets will focus on long term bond yield trends, crude oil prices and macroeconomic data this week as investors look for cues amid volatility, according to analysts.Besides, investments by FPI
Nifty to open below 15,000 amidst weak global cues
March 05, 2021
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Most Asia-Pacific markets slumped in excess of 1% in early trade on Friday while US stocks declined overnight
The Indian markets are likely to open sharply lower on Friday, due to weak global cues and on profit booking. Cues from SGX Nifty suggest that Nifty is most likely to open below 15,000-mark. The SGX Nifty is hovering around 14,880, a decline of about 220 points, against the Nifty futures that on Thursday closed at 15,106.
Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities, said: “We witnessed a sharp decline (on Thursday) in our market mainly due to the sudden jump in the long-term bond yields of the US. The steady growth in the economy leads to a steady rise in the bond yields and therefore, the market should start offering discounts in the medium to long term.”