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Stock Market Today: Sensex, Nifty Snap Two Days Of Losses To End Marginally Higher

Sensex closed up 127 points or 0.22% at 57,653.86 while Nifty was higher by 41 points or 0.24% at 16,985.70.

<div class="paragraphs"><p>NSE Building In Mumbai. (Photo: Reuters)</p></div>
NSE Building In Mumbai. (Photo: Reuters)
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FPIs Stay Net Sellers For The Third Straight Day

Overseas investors in Indian equities were net sellers for the third straight day on Monday.

Foreign portfolio investors offloaded stocks worth Rs 890.64 crore during the day, according to data from the National Stock Exchange.

Domestic institutional investors remained net buyers for the thirteen day in a row, mopping up stocks worth Rs 1808.94 crore, the NSE data showed.

Foreign investors have been net sellers in the year so far, selling stocks worth Rs 53,692.01 crore

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Yield On The 10-Year Bond Flat

The yield on the 10-year bond closed flat at 7.30% on Monday.

Source: Bloomberg


Rupee Strengthens Against The U.S. Dollar

The local currency strengthened by 11 paise to close at 82.37 against the greenback on Monday. It closed at 82.48 on Friday.

Source: Bloomberg

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Sensex, Nifty Snap Two-Day Losing Streak: Closing Bell

Indian equity benchmarks abated the morning volatility to hold gains through Monday and end higher in trade. After declining for the second consecutive day and third straight-week on Friday, the indices snapped the two-day losing streak.

Asian markets traded mixed, while the early gains for U.S. equity futures evaporated as markets remained on edge. Contracts on the S&P 500 were little changed while those on the Nasdaq 100 slipped.

The Stoxx Europe 600 index pared an advance of more than 1% at the open, with a gauge of bank stocks climbing after a relatively uneventful weekend for the sector. Shares of Deutsche Bank AG and Credit Suisse AG were steady after last week’s steep losses. Novartis AG surged, leading healthcare peers higher, after promising trial results for a cancer drug.

The S&P BSE Sensex Index closed up 127 points or 0.22% at 57,653.86 while the NSE Nifty 50 Index was higher by 41 points or 0.24% at 16,985.70.

State Bank of India., Kotak Mahindra Bank Ltd., HDFC Bank Ltd., Infosys Ltd., and Reliance Industries Ltd. were positively adding to the change.

Whereas, ICICI Bank Ltd., Axis Bank Ltd., Bajaj Finance Ltd., Larsen & Toubro Ltd., and Mahindra & Mahindra Ltd were negatively contributing to the change in the Nifty 50 Index.

All the Adani Group company stocks declined in trade on Monday. Adani Total Gas Ltd., Adani Transmission Ltd., Adani Power Ltd., NDTV Ltd. and Adani Wilmar Ltd. corrected the most.

The broader market indices closed lower; S&P BSE MidCap was down 0.37% whereas S&P BSE SmallCap was lower by 1.50%.

Foruteen out of 19 sectors compiled by BSE declined, while five sectors advanced in trade.

The market breadth was skewed in the favour of sellers. About 994 stocks rose 2,710 declined, and 154 remained unchanged on the BSE.


Rajya Sabha Passes Finance Bill

  • The finance bill 2023 was passed in Rajya Sabha with one amendment

  • There was no discussion on the bill before it was returned to Lok Sabha

  • The Rajya Sabha is adjourned till 11 am on March 28, 2023

Source: Rajya Sabha Proceedings, Sansad TV

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