Indian stock market news and updates on market crash
Indian stock market news and updates on market crash today 15 March 2022: Indian equity benchmarks continued their northward journey with an optimistic start on Tuesday as investors reacted to falling crude oil prices and in hopes of a diplomatic solution for Russia-Ukraine conflicts through peace talks. Nifty today opened at 16900.65 levels, up by 29.35 points while Sensex made a positive opening at 56663.87 levels, up by 177.85 points.
Stock Market news today
Indian markets continued their upward momentum in the morning deal, as crude oil prices dropped and FIIs selling declined, on Monday FIIs sold Rs 176 crore in the cash segment. Markets traded volatile in the first half and fell sharply in the late noon session. The sentiment dampened as CPI-based inflation rise marginally and a sharp up move was seen in US 10 year treasury bond yield to 2.16 percent.
Meanwhile, investors are hopeful about the Russia-Ukraine ceasefire talks that are resumed today and could lead to a diplomatic solution to the ongoing war. Real estate stocks were in focus as the government widened the meaning of real estate business under the foreign direct investment (FDI) policy which now includes dealing in land and immovable property to earn profit.
On the global front, Asian markets mostly closed in the red today. Hang Seng and Shanghai were down 5.72 percent and 4.95 percent respectively. The sentiments got dented due to the resurgence of covid cases in the region and on fear of an aggressive rate hike by the Federal Reserve later this week. European markets are trading in the deep red due to ongoing Ukraine tension and rising covid cases in China.
Indian stock market indexes at close
At the close, the Nifty index declined by 208.30 points or 1.23 percent and closed at 16663 levels while Sensex was down by 709.17 points or 1.26 percent and finished at 55776.85 levels. The Bank Nifty index closed lower by 289.50 points or 0.82 percent on spot and ended at 35022.65 levels.
The broader markets also closed lower today in line with their larger peers. The Nifty midcap index was down by 2 46.15points or 0.86 percent and closed at 28021.35 levels. The Nifty smallcap index closed lower by 143.75 points or 1.41 percent and finished at 10036.60 levels.
Top Nifty gainers and losers
The top gainers in the Nifty 50 index were Tata Consumer, M&M, Shree Cement, Cipla, and Maruti Suzuki whereas the top losers were Hindalco, Tata Steel, ONGC, Coal India, and Jsw Steel.
The midcap top gainers were AU Small Finance, Indiabulls Hsg, and Prestige Estate and the top losers were Mindtree, Coforge Ltd, and Mahanagar Gas
The top gainers in the Nifty smallcap index were Linde India, Century Plyboard, and Bharat Dynamics and the top losers were Balrampur Chini, Wockhardt, GNFC
The most active stocks in the Nifty index in terms of value were Tata Motors, ICICI Bank, and Reliance. The most active stocks in terms of volume were Tata Motors, ONGC, and ITC
On a sectoral front, barring Auto and FMCG all other sectors closed in the red today The sector that dragged the markets were Metals, IT Media, Oil & Gas, Banking and Financial
You may also like to read, Trade setup for Tuesday 15 March 2022- Morning report
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Happy Investing!!
Editorial desk
