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Showing posts from March, 2022

Bourses continue firm trade in late afternoon session - 29th March

  Indian equity benchmarks continued their firm trade in late afternoon session on account of buying in front line counters. In stock specific developments, Adani Enterprises, Lemon Tree, Adani Power and Adani Transmission stocks hits 52-week high on BSE. Globally traders took support on falling crude oil rates and optimistic about Ukraine and Russia look to continue peace talks, which could lead to an easing of sanctions on Russian oil by the West. Sector wise, airline industry remained in focused, as airports across India will see 33.81 crore passengers in 2022-23, 69.35 per cent more than the current financial year. A total of 19.96 crore passengers travelled through the airports in the country during 2021-22. On the global front, Asian markets were trading mixed and European markets were trading higher as Turkish President Recep Tayyip Erdogan opened the latest round of peace talks between Ukraine and Russia in Istanbul with a speech. The BSE Sensex is currently trading at 57790.

Sensex, Nifty continue to trade in positive terrain – 29th March

Indian stock markets continued to trade in positive terrain in the noon session due to buying in consumer durables, healthcare and realty stocks. Buying in frontline stocks such as Bharti Airtel, Ultratech Cement and HDFC were aiding sentiment, while selling in ITC, Indusind Bank and Infosys kept the gains in the markets in check. Sentiments remained positive with Commerce and industry Minister Piyush Goyal’s statement that the free trade agreement between India and the UAE has opened huge opportunities and businesses of both countries should look at taking the bilateral trade to $250 billion by 2030. Meanwhile, Russian Foreign Minister Sergey Lavrov is likely to visit India this week and the key focus is expected to be discussions on a payment system for New Delhi's procurement of oil and military hardware from Moscow. It would be the highest-level visit from Russia to India after Moscow launched its military offensive against Ukraine on February 24. On the global front, Asian mar