Stock Market Updates: On Monday, March 8, 2021 amid strong global cues Domestic stock market Are open along the edge. It was being estimated by looking at the trading session of the pre-opening. The benchmark index of the National Stock Exchange is holding above 15,000 levels with the Nifty market opening. At the same time, the Bombay Stock Exchange index Sensex is above the level of 50,000. Both indexes are trading above the sentimental level.
At 09:16, the Sensex opened with a gain of 282.54 points or 0.56% to a level of 50,687.86 and the Nifty opened at a level of 15,016.00 with a gain of 77.90 points, or 0.52 percent. About 1201 shares have gained. 20 stocks of 30-share Sensex open in green mark.
This week, the direction of the market will be determined by the yield on US bonds, crude oil prices and macroeconomic data in the long term, according to analysts. Apart from this, the attitude of foreign portfolio investors (FPIs) and domestic investors, fluctuations of rupee against the dollar and developments related to corona virus will also give direction to the market.
Analysts say that apart from this, investors will keep an eye on domestic indicators such as consumer price index based inflation, wholesale inflation and industrial production (IIP). Investors will also be watching the Brent crude oil prices. The rise in crude oil prices is another risk from the Indian market point of view.
The Sensex had gained 1,305.33 points or 2.65 percent in the previous week. On the last trading session, ie, the Sensex had lost 440 points on Friday, while the Nifty also closed after falling below the 15,000-centimeter level.
(With input from language)