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Market LIVE: Sensex trims opening gains, Nifty near 14,650; investors face glitches on NSE website – The Financial Express

Asian stock markets were up with gains on Thursday morning, with Nikkei 225 and TOPIX having zoomed 2% each.
(Image: REUTERS)
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity markets opened with gains on Thursday morning. S&P BSE Sensex started trading above 48,800 but soon trimmed some opening gains, while Nifty 50 was still below 14,700. ONGC, Bajaj Finance, and Bajaj Auto were the top index gainers on opening. Bank stocks were down in the red, pulling the index lower. Bank Nifty was trading with losses while broader markets were up in the green. India VIX continued to climb down. The Reserve Bank of India has come out to support small borrowers and the healthcare sector amid the second wave of the coronavirus pandemic. Yesterday, RBI Governor Shaktikanta Das announced that lenders will be allowed to restructure borrowing by small borrowers, who did not avail of the restructuring lifeline last year. Further, RBI said it will make liquidity of Rs 50,000 crore available for banks for enabling them to extend Covid loans to healthcare entities. Under this scheme, banks can provide fresh lending support to vaccine manufacturers, hospitals and also patients for treatment, among others. Post the RBI Governor’s announcements on Wednesday, financial and pharma sector stocks were among the top gainers. 

The National Stock Exchange resolved issue with its website that led investors to complain about data not being updated on the website.   

Investors took to Twitter to voice their displeasure as the NSE website failed to load option chain data on weekly expiry day.

NSE was facing glitches on its website early Thursday morning on weekly expiry. However, no issue in placing trade orders has so far been reported.  

The National Stock Exchange (NSE) website was facing glitches early Thursday morning. Investors were unable to tract data as NSE website showed ‘No Record’ error. 

Sensex is up 37 points, minutes after the opening bell. The index trimmed almost all opening gains while Nifty was nearing 14,600. 

Sensex opened above 48,800 mark on Thursday morning, while Nifty 50 was still below 14,700. ONGC was the top index gainer followed by Bajaj Finance. 

Sensex was still in the green during the pre-open session but down from its highs. Nifty gave up 14,700 mark.

Sensex zoomed past 49,000 mark in the pre-open session on Thursday morning while Nifty was above 14,700. 

‘Benchmark Indices are expected to open on a positive note as indicated by trends on SGX Nifty. US Indices closed with gains as Dow Jones hits a fresh new all-time high and Asian markets also opened stronger with Nikkei trading 2% higher. Key companies announcing their quarterly results today include Adani Power, Coforge, Hero MotoCorp, Adani Transmission, P&G Health, Bluestar, Praj Industries and Tata Consumer. Immediate support and resistance for Nifty 50 are 14,500 and 14,800 respectively,’ said Mohit Nigam, Head – PMS, Hem Securities.

While the Nifty has corrected from the high of 15,044, the index continues to hold above a rising trend line that has held the important lows of the last few months. This implies that the index remains in an intermediate uptrend. With the strong bounce-back seen on Wednesday, traders will need to watch if the Nifty can now hold above the crucial supports of 14,506-14,461 in the very near term. Further upsides are likely once the immediate resistances of 14,723 are taken out.

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Nifty futures on Singaporean Exchange were trading 34 points or 0.23 per cent up at 14,724.50 on Singaporean Exchange, indicating a positive start for BSE Sensex and Nifty 50 on Thursday. S&P BSE Sensex sits at 48,677.55, while NSE’s Nifty index closed at 14,617. Asian stock markets were seen trading higher in early trade on Thursday. Investors will closely watch rising COVID-19 cases, as India added another 4.12 lakh fresh cases in the last 24 hours. 

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Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel were hiked for the third day running on Thursday. Petrol in Delhi now costs Rs 90.99 per litre, an increase of 25 paise since yesterday. Diesel price was increased by 30 paise to Rs 81.42 per litre. Prices were first changed on Tuesday after an 18 hiatus. Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices on a daily basis in line with benchmark international price and foreign exchange rates.

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BSE Sensex and Nifty 50 were staring at a positive start on Thursday, after surging nearly one per cent higher in the previous session. S&P BSE Sensex sits at 48,677.55, while NSE’s Nifty index closed at 14,617. Trends on SGX Nifty were positive with Nifty futures up 57 points or 0.39 per cent at 14,757.50. Technical analysts believe that Nifty May series might trade with a positive bias.

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The Reserve Bank of India (RBI) on Wednesday announced immediate liquidity of Rs 50,000 crore for banks for enabling them to extend Covid loans to healthcare entities. This liquidity window available at the repo will remain open till March 31, 2022. Under this scheme, banks can provide fresh lending support to vaccine manufacturers, hospitals and also patients for treatment, among others.

The Reserve Bank of India (RBI) on Wednesday allowed lenders to carry out a fresh round of restructuring of small borrower accounts which had not availed of the benefit of the recast scheme for Covid-related stress last year.

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