Market at pre-open: Benchmark indices are trading weak in the pre-opening session with Nifty below 8400.
At 09:01 hrs IST, the Sensex is down 236.43 points or 0.79% at 29579.16, and the Nifty down 301.00 points or 3.48% at 8359.25.
Gold Updates: Gold prices edged up on Monday as the U.S dollar hovered near a two-week low touched in the previous session, while coronavirus lockdowns tightened across the world and stoked fears of economic damage, lifting demand for safe-haven bullion.
Nifty may attempt to confirm reversal; DLF, Coal India, M&M top short-term bets
Formation of positive divergence in RSI on a daily time frame supported reversing of prices, as index managed to take support from the strong demand zone standing around 7,500-7,300 levels on the higher time frame.
Institutional trading activity
Stocks in the news: SBI, IDBI Bank, Tata Power, Graphite, Lupin, Godawari Power, Sun Pharma
Graphit India | Sun Pharma | Future Supply Chain | SBI | Abott India | HeidelbergCement India | Sobha | Future Enterprises and aviation stocks are in the news today.
Oil Prices: Crude oil benchmarks dropped on Monday, extending last week’s losses as the global coronavirus pandemic worsened and the Saudi Arabia-Russia price war showed no signs of abating. US West Texas Intermediate (WTI) crude futures hit a low of $19.92 in early trading and last traded down 5.2%, or $1.12, at $20.39 a barrel as of 2332 GMT, while Brent futures fell 5.6%, or $1.40, to $23.53 a barrel.
Indian ADRs ended in the red on March 27
What changed for the market while you were sleeping? Top 12 things to know
The bears maintained their stronghold on the markets for the sixth consecutive week that ended on March 27.