On the sectoral front, except for the metal sector, all other sectors are seen trading on the green mark. Today, auto, banking, capital goods, consumer durables, pharma, FMCG, IT, oil and gas, PSUs, and tech sectors are also seeing growth. Midcap and Smallcap indices are also trading on the green mark. The CNX Midcap index is also trading with a gain of 186 points.
Which stocks are seeing a boom?
HDFC Bank, ICICI Bank, Reliance Industries, Infosys, TCS are seeing a spurt in stocks. Apart from this, shares of Tata Motors, Axis Bank, SBI, Tata Steel, Maruti Suzuki are seeing a boom. However, shares of Bank of Baroda, SAIL, Hindalco and Bharti Airtel have seen a decline. The rupee opened marginally at 73.62 against the dollar today. The 10-year benchmark bond yield declined by 0.10 basis points on the previous day. Asian markets are seeing relief due to the $ 1.9 trillion stimulus package in the US.
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Stability in the Asian market today
After last week, today, on Monday, the Asian market saw stability. The sharp decline was seen after the increase in US bond yield. Today, Nikkei 225, Straight Times, Hang Seng and Shanghai Composite are seeing gains with gains. However, the Taiwan index and the COSPI are showing a decline.
State of american markets
Talking about American markets, the Nasdaq gained momentum amid fluctuations on Friday. However, due to the increase in the bondy yield earlier, it had also slipped to the low level of the last 4 months. The Dow Jones Industrial Average closed down 1.5 per cent, the S&P 500 index down 0.48 per cent. However, the Nasdaq Composite saw a gain of 0.56 percent.
Foreign investors put Rs 23,663 crore in February
Foreign investors have invested money in Indian markets for the second consecutive month. In February 2021, foreign investors have invested Rs 23,663 crore. In fact, after the General Budget 2021-22, the sentiment of these foreign investors about India has been positive. Between February 1 and February 26, foreign institutional investors have invested Rs 25,787 crore in the equity market. However, during this time he has withdrawn Rs 2,124 crore from the bonds market.
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Current provisional data on the National Stock Exchange for February 26 shows that foreign institutional investors have sold shares worth Rs 8,295.17 crore on this day. Whereas, domestic institutional investors have bought shares worth Rs 1,499.7 crore.