Key benchmark indices are trading lower in early trade on selling pressure in index pivotals as trading resumed after long weekend. At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 390.27 points or 0.78% at 49,639.56. The Nifty 50 index was down 99.40 points or 0.67% at 14,767.95.
The S&P BSE Mid-Cap index was down 0.47%. The S&P BSE Small-Cap index was down 0.53%.
The market breadth, indicating the overall health of the market, is negative. On the BSE, 882 shares rose and 1158 shares fell. A total of 142 shares were unchanged.
Meanwhile, in the wake of rising COVID-19 cases in Maharashtra, Uddhav Thackeray-led state government on April 4 imposed new curbs to control the transmission rate of the contagion. Maharashtra will be put under night curfew from 8 pm to 7 am from April 5.
Lacklustre opening likely for markets ahead of RBI meet, results
April 05, 2021
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Stocks to watch out for today are Adani Enterprises, ITNL, PNC Infratech, Olectra Greentech, Ashiana Housing and ANG Lifesciences.
After a long weekend, Indian markets are expected to open on a flat note on Monday. While signals are mixed from Asian markets, SGX Nifty points a 40-point gap down opening. The SGX Nifty futures currently rule at 14,915 (8 am IST), as against Nifty futures Thursday s close of 14,953.35.
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Investors will closely monitor the outcome of the RBI meet and quarterly performance of India Inc, said analysts. The RBI s three-day meeting begins today, and the outcome is expected to be on April 7. Acuite Ratings believes that MPC, in its upcoming meeting, will continue to reaffirm the accommodative monetary policy despite the global increase in bond yields amidst concerns of a quicker than expected normalisation in the markets of developed economies.