Stock market live updates: While investors awaited some crucial economic statistics due later this week, Indian shares surrendered early gains on Tuesday as pessimism over broader economic challenges soured sentiment.
With the exception of the oil and petrol stocks, all 13 of the key sectoral indexes decreased.
Even if major U.S. and European banking institutions’ financial problems are beginning to ease, Prashanth Tapse of Mehta Equities noted that “the overall undertone still remains that of cautious to negative.”
Investors are also eagerly awaiting local and American macroeconomic statistics.
On March 30, the largest economy in the world is expected to release data on GDP and employment that may shed light on how the U.S. Federal Reserve’s monetary policy has affected inflation and growth.
Harsha Upadhyaya, president and chief investment officer – equity at Kotak Mahindra Asset Management Company, predicted that sentiment will likely be negative in the near future prior to important data.
Stock Market Live Updates
- The Sensex is down more than 400 points from the day’s high
- Financials, IT, and real estate trade with modest increases.
- See the realty pack’s top gainers and losers.
The SEBI extended the deadline for submitting necessary nominations until September 30.
The deadline for submitting nomination details has been extended by Securities and Exchange Board of India (SEBI) until September 30, 2023, the market regulator announced in a circular released on Monday. According to the circular, the action follows stakeholder representations.
On 23 July 2021, SEBI mandated that investors opening new trading and or demat accounts on or after 01 October 2021 and for all current eligible trading and demat account holders latest by 31 March 2022 provide their choice of nomination details (either furnishing of nomination or declaration for opting out of nomination). The then-circle warned that failure to do so would result in the freezing of the trade accounts for debits.
Indian rupee rises 15 paise against US dollar
- Early trading sees the rupee gain 15 paise to 82.16 against the US dollar.
When banking anxiety subsides, Asian stocks climb and US Treasury yields increase.
Tuesday saw increases in both global stock prices and U.S. bond yields after First Citizens BancShares’ agreement to acquire the failing Silicon Valley Bank was supported by American regulators, allaying broader concerns about issues in the industry. By early morning Hong Kong time, the broadest MSCI index of Asia-Pacific shares outside of Japan had increased 0.3%. The S&P 500 e-mini futures in the United States increased by 0.21%.