Post closing Report of Financial Market's 31/03/2021

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Today nifty 50 opened at 14811.85 it went high up to 14813.75 went low at 14670.25 and closed at 14690.70 so market closed near about 200 points below its opening (-1.04%) and Bank nifty opened at 33764.80 and went high up to 33773.10 it went down up to 33151.80 and closed at 33303.90 which is 570 points lower from its opening (-1.69%) 

today foreign institutional investors sold Rs.1685 cr. opposite to that domestic institutional investors brought Rs.2081 cr. investment to maintain their portfolio for March end due to this India VIX (volatility index ) was up to 20.60 %  

 

Crude oil prices were trading in between the US $ 64.24 to US $64.66/ barrel despite the issue got solved in the Suez channel there will be traffic on both sides of the channel this will may cause a shortage of crude oil in the international market for the uncertain time period. Yesterday US bond yield was trading around 1.76 % and today it was 1.73% due to this rise in bond yield gold and silver were trading in red and due to import shortage with raise in demand from the US and Chinese manufacturing market all other metals were in high demand and traded in green 

 

The central government has issued zero-interest bonds to 4 public sector banks under recapitalization scheme following banks will be benefited from this decision 

1. Central Bank (4800 Cr )

 

2. Bank of India (3000 Cr)

 

3. Indian overseas Bank (4100 Cr)

 

4. United commercial Bank (2600 Cr)

 

But still Bank nifty was trading in red because of the Issue in HDFC’s Net banking and server Issue and HDFC alone contributes 1/3 of the bank nifty’s movement. SBI signed a loan deal with Japan worth US $ 7.2 Billion it will help all government companies to use this capital due to this SBI Traded in green some name of stocks will change in nifty and bank nifty as following 

 

1. GAIL - TATA CONSUMER

 

2. BANK OF BARODA – AU SMALL FINANCE 

 

3. INFO EDGE – ORACLE FINANCIALS 

 

The government of India has decided to give production liquid incentives to food processing industries to avoid food wastage and more support to farmer-producing companies to increase their production. Because of this decision, all stocks related to the FMCG sector up included ITC, Nestle, Marico, Hindustan foods, etc. government decided to give subsidy to establish 1 Million new WIFI hot spots All over India so this will help companies like ITI, Tejas Networks, Railtail, D-LINK, Smart Link.

 

Zuari Group started their production in Goa plant, HCC will Receive 1260 cr from NHAI under the settlement Deal, HEMCO Pharma brought 100% stacks in Parimal pharma so this news cause these stocks to trade in green 

From 01/04/2021 will start new financial year with best possible and positive Move hoping for the best thank you and all the best for tomorrow‘s market

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