28 Mar 2022 , 09:49 AM
Meanwhile, the markets are expected to stay muted for the week amid auto sales, expiry, US macroeconomic data, Russia-Ukraine was developments and China’s rising Covid cases. Further, rising fuel prices across country, inflationary pressure remains a major concern for investors who will track stock-specific developments for market direction.
In the opening bell, Sensex dived by at least 300 points and Nifty 50 dropped by nearly 70 points. At around 09.45 AM, Sensex was trading at 57,066.03 down 296.17 points or 0.52%. Nifty 50 performs at 17,082.70 down 70.30 points or 0.41%.
Major sectors were in the red in early deals with Nifty Bank (down 0.9%) , Nifty IT (down 0.4%), Nifty Realty (down 0.4%), Nifty Consumer Durables (down 0.8%) dragging the most while Nifty Metal, auto and pharma were marginally higher.
On the Nifty50 index, Cipla, Bajaj Auto, IOC, Tata Consumers and Maruti Suzuki were the top gainers while HDFC Bank, HDFC, Kotak Bank, HDFC Life, UPL led the losses.
Meanwhile, INOX and PVR stocks will be in focus today as the multiplex players announced mega merger deal to create largest multiplex chain in India. INOX Leisure and PVR hit 52-week high during early trade today after the news announcement.
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