Stock Market Today: Top 10 things to know before the market open
Here are the top 10 things to know before the market opens on March 27:
1. The Sensex and Nifty are expected to start negatively, indicating a loss of 44 points for the broader index based on GIFT Nifty trends.
2. On March 26, the market ended lower after three days of gains, with the Nifty around 22,000 amid selling in IT, bank, and media sectors.
3. At close, the Sensex was down 361.64 points (0.5%) at 72,470.30, and the Nifty down 92.10 points (0.42%) at 22,004.70.
4. The Nifty 50 may face resistance at 22,056, 22,086, and 22,134 levels, with immediate support at 21,961, 21,931, and 21,883.
5. India's fiscal deficit for FY23 stood at Rs 7.58 lakh crore, equivalent to 2.0% of GDP.
6. The current account deficit for Q2 of 2023-24 was revised upward to 1.3% from 1.0% due to customs data adjustment, as per RBI.
7. The dollar weakened as traders awaited Fed policy clues, while the yen remained steady after Japan's finance minister mentioned potential measures against currency weakening.
8. Gold prices rose on a weaker U.S. dollar, while investors awaited data for inflation trends to gauge the Fed's interest-rate stance.
9. Oil prices showed little change as investors had mixed views on Russian refinery capacity loss and a slightly weaker U.S. dollar provided some support.
10. FIIs net bought shares worth Rs 10.13 crore, while DIIs purchased stocks worth Rs 5,024.36 crore on March 26. NSE retained SAIL on the F&O ban list for March 27, removing Biocon, Tata Chemicals, and Zee Entertainment Enterprises.
1. The Sensex and Nifty are expected to start negatively, indicating a loss of 44 points for the broader index based on GIFT Nifty trends.
2. On March 26, the market ended lower after three days of gains, with the Nifty around 22,000 amid selling in IT, bank, and media sectors.
3. At close, the Sensex was down 361.64 points (0.5%) at 72,470.30, and the Nifty down 92.10 points (0.42%) at 22,004.70.
4. The Nifty 50 may face resistance at 22,056, 22,086, and 22,134 levels, with immediate support at 21,961, 21,931, and 21,883.
5. India's fiscal deficit for FY23 stood at Rs 7.58 lakh crore, equivalent to 2.0% of GDP.
6. The current account deficit for Q2 of 2023-24 was revised upward to 1.3% from 1.0% due to customs data adjustment, as per RBI.
7. The dollar weakened as traders awaited Fed policy clues, while the yen remained steady after Japan's finance minister mentioned potential measures against currency weakening.
8. Gold prices rose on a weaker U.S. dollar, while investors awaited data for inflation trends to gauge the Fed's interest-rate stance.
9. Oil prices showed little change as investors had mixed views on Russian refinery capacity loss and a slightly weaker U.S. dollar provided some support.
10. FIIs net bought shares worth Rs 10.13 crore, while DIIs purchased stocks worth Rs 5,024.36 crore on March 26. NSE retained SAIL on the F&O ban list for March 27, removing Biocon, Tata Chemicals, and Zee Entertainment Enterprises.