Indian Stock Market LIVE: Nifty and Sensex Updates, Top Gainers and Losers
Welcome to our live coverage of the Indian stock market. The Nifty 50 and Sensex continued to trade in losses as Tata Motors Ltd. and Axis Bank Ltd. shares weighed. PSU Bank stocks were the biggest laggards on the stock exchange.
Market Expert View: Dealing with Uncertainty
Morgan Stanley Managing Director Ridham Desai said that the most important thing is to sit with the framework laid to deal with uncertainty. Sitting and doing nothing is the best way to accumulate wealth, he added. He noted that uncertainty is underestimated when it’s part and parcel of life.
Catch his view on the current situation of markets at NDTV Profit.
KEC International Ltd. Wins Big Order
KEC International Ltd. received an order for the supply and installation of a 380 KV transmission line in Saudi Arabia. The company’s year-to-date order intake crosses Rs 15,000 crore post the order win.
This is a significant development for KEC International Ltd. and its investors. The company’s stock price is likely to react to this news, and investors should keep an eye on it.
Government Bond Yield Stable
The yield on the benchmark 10-year government bond was moving in a narrow range as market participants focused on the state bond auction.
The yield was trading at 6.52% as of 12:04 p.m. This stability in the bond yield is a positive sign for the market, as it indicates that investors are not overly concerned about the economy.
Indian Currency Declines
The Indian currency declined 12 paise to an intraday low of 88.80 against the US dollar.
It opened at 88.75 a dollar. The currency closed at 88.68 a dollar on Monday. This decline in the currency is a negative sign for the market, as it can make imports more expensive and affect the economy.
Seamec Enters Bimco Charter Party
Seamec entered a Bimco Charter Party with Hindustan Aeronautics Ltd. offshore to hire HAL Vessel for Rs 6.3 crore for 45 days.
This is a significant development for Seamec and its investors. The company’s stock price is likely to react to this news, and investors should keep an eye on it.
PSU Bank Stocks Underperform
PSU Bank stocks were the biggest laggards on the stock exchange. This is a negative sign for the market, as PSU banks are a significant part of the economy.
Investors should keep an eye on PSU Bank stocks and adjust their portfolios accordingly.
Investor Sentiment
The current market sentiment is cautious, with investors waiting for the Q1 earnings season to begin. The Nifty 50 Index is trading near its support levels, and a break below these levels could lead to further declines.
Investors should be cautious and avoid making any impulsive decisions. It’s essential to have a long-term perspective and a well-diversified portfolio to navigate the current market conditions.
Conclusion
In conclusion, the Indian stock market is currently trading in losses, with Tata Motors Ltd. and Axis Bank Ltd. shares weighing on the market. PSU Bank stocks are the biggest laggards, and the Indian currency has declined against the US dollar.
Investors should keep an eye on the market and adjust their portfolios accordingly. It’s essential to have a long-term perspective and a well-diversified portfolio to navigate the current market conditions.
Stay tuned for more updates on the Indian stock market, and don’t forget to check out our stock market news section for the latest news and updates.
