Share Market Live today: Nifty above 8650 Sensex down 131pts, RBI repo rate cut

 

Share Market Live today at 3.30 pm: Indian share market closed in mixed after a volatile trading session. The Nifty gained 18.80 points or 0.22% and at 8660.25 while Sensex was down 131.18 points or 0.44% and closed at 29815.59 levels.

The Banking sectors remained positive throughout the day and was gained 355.10 points and closed at 19969. The banking stocks erased most of all its morning gains while at closing. The Bank Nifty was trading 8% higher in the morning but closed at 1.81% higher in the end.

At close, the Nifty midcap 100 was down by 75.20 points or 0.64% and at 11763.35. Whereas the Nifty smallcap was up by 16.30 points or 0.46% and at 3566.95 levels.

 

Share Market Live: Nifty stocks today

The top five gainers in the Nifty 50 stocks are Coal India, Cipla, Axis Bank, ITC, and NTPC. On the losing side, the Bajaj Finance, Hero Motor Corp, IndusInd Bank, Bajaj Finserv, and Gail.

In the Nifty midcap space, the gainers for the day are Bharat Electricals, L&T Technology and the losers are Adani Power, Bharat Forge. In the Nifty smallcap space the gainers are MMTC, CEAT and the losers are Lux Industries, Guj Minerals.

On the sectoral front, the gainers for the day are Aviation, Banks, Metals, Manufacturing, and Retail. On the losing side, Automobiles, construction materials, Insurance, Media, and Oil & Gas.

Yesterday, both FIIs and DIIs were the sellers in the cash market segment. In the month of March FIIs sold Rs 58763.93 crores whereas the DIIs bought Rs 46764.93 crores in the cash segment. For today’s FIIs position one can check the link here after 6 pm.

you may also like to read Nifty50 Stocks list | Index | Share price

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Share market Live today: Indian share market started in a positive note today on the first day of the April series. The global market had indicated a positive opening for the Indian market in the morning. 

 

Share market live today:

At present at 12 noon, the Nifty is up by 74.75 points or 0.87% and at 8716.20 while Sensex gained 50.71 points or 0.17% and at 29997.48. The banking stocks were trading higher in the morning and presently it gained 764.20 points or 3.90% and at 20378.30.

The top gainers at this point are Axis Bank, Coal India, Cipla, SBI and Yes Bank. Bharti Airtel and HCL tech are the losers in the Nifty50 stocks at this hour.

Banking & Finance, Electricals, Logistics are the gainers, Telecom, Automobiles, Insurance, and FMCG are the losers at this hour.

The midcap 100 index is trading flat to positive whereas the Nifty smallcap 100 index is trading more than 1% higher at 12.noon today.

 

Other share market news today

As per various medial reports, Moody’s see India’s GDP growth at 2.5% in 2020 and 5.8% in 2021.

The US drug regulator USFDA, has given a nod to Aurobindo Pharma on muscle relaxant Tizanidine Hydrochloride drugs. The share price of Aurobindo Pharma spike more than 10 in the morning

 

Share market live today -RBI Announcement

RBI Governor Shaktikanta Das had an emergency MPC meeting from 24th -27th March regarding the rate cut. As per the MPC meeting, 4:2 majority is voted to reduce the policy repo rate by 75 bps at 4.4%. Also Liquidity Adjustment Facility (LAF) cut by 90bps to 4%.

The Synopsis of RBI press conference at 10 am today are

Cash Reserve Ratio cut by 100bps to 3%

Reverse Repo Rate cut by 90 bps to 4%

Liquidity Adjustment Facility (LAF) cut by 90 bps to 4%

Implied GDP growth of 4.4% in H2 is now at risk

CRR cut to release Rs 1.37 lakh crore into the market.

3 months moratorium period from March for EMI’s

The repo rate at 4.4% and if Banks pass on the benefits to the borrower then we may see a positive impact on the sectors like Real Estate, Automobiles, and Housing Finance after the issue of coronavirus gets solved. Three months moratorium period for EMI holders can relieve the home loan borrower at the current situation.

The market erased all morning gains after the RBI rate cut and currently trading in high volatility.

 

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