Stock Market Today: Nifty, Sensex Snap Two-Day Gaining Streak As Infosys, NTPC Share Prices Drag
The Nifty 50 ended 0.03% higher, while Sensex ended 0.01% down.
KEY HIGHLIGHTS
US Futures Rise Before Jobs Data; US Fed Chair Powell's Speech In focus
As of 3:26 p.m., the Dow Jones Industrial Average and S&P 500 futures were trading 0.24% and 0.41% higher, respectively. The Nasdaq 100 future was 0.56% higher.
Economic Data Releases And Events For March 7
US: Non-farm payroll — 7:00 p.m.
US: Unemployment rate — 7:00 p.m.
US: Federal Reserve Governor Michelle Bowman will speak at a panel discussion at the University of Chicago Booth School of Business US Monetary Policy Forum — 8:45 p.m.
US: Federal Reserve Bank of New York President John Williams will speak at at the University of Chicago Booth School of Business US Monetary Policy Forum — 9:15 p.m.
US: Federal Reserve Governor Adriana Kugler will speak at the Bank of Portugal’s Conference on Monetary Policy Transmission and the Labor Market, in Lisbon — 10:50 p.m.
US: Federal Reserve Chair Jerome Powell will speak at the University of Chicago Booth School of Business US Monetary Policy Forum — 11:00 p.m.
Market At Close: Nifty, Sensex Snap Two-Day Gaining Streak
The NSE Nifty 50 and BSE Sensex snapped two-day gaining streak on Friday.
The Nifty 50 ended 0.03% higher, while Sensex ended 0.01% down.
The benchmark indices snapped a three-week losing streak.
The NSE Nifty Midcap 150 ended 0.27% down at 18,290.60.
The NSE Smallcap 250 ended 0.69% higher at 14,602.45.
FMCG Distributors Drag Zomato, Swiggy, Zepto Before Competition Watchdog
An FMCG distributors' body had filed a petition before Competition Commission of India, alleging anti-competitive practices by against quick commerce players Zomato-owned Blinkit, Swiggy and Zepto, people in the know told NDTV Profit. Read the full article here.
Stock Market Live Updates: MS India Strategy
An Oversold Equity Market
India's fundamentals appear to be improving after a soft patch whereas share prices are materially lower
Save for negative global developments, this could be a turning point for stocks for the rest of 2025
Expect India to recover lost ground to EMs during 2025
The equity market continues to overlook good news
Cyclicals > Defensives, SMID > Large caps
Overweight Financials, Consumer Discretionary, Industrials & Technology and Underweight other sectors
This is likely to be a stock pickers' market, in contrast to one driven by top-down or macro factors since the Covid pandemic
