Mumbai, First Published Mar 31, 2022, 3:46 PM IST
The Bombay Stock Exchange (BSE) and the National Stock Exchange (BSE) started the morning trading on a positive note and ended the day on a positive note.
The stock market, which has been bullish for the past 3 days, ended the day with a slight decline.
Hope
Despite the failure of the talks between Russia and Ukraine, reports that the war is unlikely to escalate further, with international crude oil prices falling as low as $ 5 a barrel, and international factors such as the US releasing crude oil from its reserves, have given investors confidence.
In addition, foreign direct investors and foreign institutional investors have been investing heavily in the stock market for the past two days, giving confidence to investors.
Oscillation
However, Asian stock markets ended with a decline, with India’s economy expected to decline in the coming financial year, according to a poll by India Ratings. Fears that the war between Russia and Ukraine could escalate caused investors’ minds to fluctuate this afternoon.
Decline
Subsequently, the afternoon trade was seen with ups and downs. The Mumbai Stock Exchange and the National Stock Exchange were bullish before trading started this morning. But the evening trade ended with a slight decline. The Sensex was down 115 points at 58,568 on the Bombay Stock Exchange. At the National Stock Exchange, the Nifty was down 30 points at 17,468.
Profit-loss
Of the 30 stocks on the Mumbai Stock Exchange, 15 ended with gains and 15 with declines. Shares of Powergrid, Lorton & Dupro, Ultratech Cement, Dr Reddy’s, Kotak Bank, Sun Pharma, HDFC, Reliance, Bajajpinserve and Infosys ended lower.
Mahindra & Mahindra, ITC, Tata Steel, Tech Mahindra, NTPC, HUL, Axis Bank, Nestle, Asianpoints, TCS, Powergrid, ICICI Bank, Titan, Bharti Airtel, shares of Nifty Pharmaceuticals, Public Sector Banks completed. Shares of FMCG, metals, automobiles, oil and gas ended higher.
Last Updated Mar 31, 2022, 3:46 PM IST