Stock Market News Update: SGX Nifty is looking green on Thursday 8 April morning, hoping that the domestic equities will open faster and the market did not disappoint. BSE Sensex and Nifty 50 are open with green signal. However, on the global level, the response of the market has been mixed. NASDAQ closed down and S&P 500 and Dow Zones closed with gains. Talking of Asian exchanges, there was a mixed trend here in the early trade. Hang Seng has an edge while Shanghai Composite and TOPIX are on the decline.
On Wednesday 7 March, the first monetary policy of the current financial year 2021-22 by the central bank RBI created an atmosphere of excitement in the market and the market was closed sharply. In today’s trading day, investors such as Reliance, Fuchure Retail, Tata Power and Bharti Airtel will be on the lookout for investors.
Markets were closed with an increase on Wednesday
The day before, the RBI announced the first monitoring policy of the current financial year, which created an atmosphere of excitement in the market. Specifically, measures to maintain liquidity in the system led to a spurt in bank shares. The Nifty once again crossed 14800 on the back of the rise in bank shares and the Sensex also closed stronger by more than 450 points. Before this, the market also started with a boom. At the end of trading, the Sensex gained 460 points to close at 49662 and the Nifty also gained 125 points to close at 14809.
Eyes will be on these stocks
- Reliance, Bharti Airtel, Tata Power and Future Retail will be eyeing the business throughout the day. SEBI has imposed a fine of Rs 25 crore on Mukesh Ambani and Anil Ambani along with many other people and companies in a 21-year-old case for non-compliance with rules.
- Bharti Airtel has launched an integrated platform for Internet of Things (IoT) which is expected to connect and manage billions of devices and applications in a secure manner.
- Tata Power Solar Systems on Wednesday commissioned additional modules and cell manufacturing capacity, increasing its total capacity from 700 MW to 1100 MW.
- A petition has been filed in the Amazon Supreme Court against the order of March 22 of the Division Bench of the Delhi High Court regarding the deal between Future Retail and Reliance. The Delhi Division Bench had decided to remove the stay order imposed by the single judge bench on the deal worth Rs 24713 crore.