The Nikkei is up 0.6% while the Shanghai Composite is up 0.2%. Hang Seng fell 2%.
In US stock markets, Wall Street indices closed lower on Monday after a session in which all three benchmarks slid between positive and negative territory, as investors looked ahead to earnings this week in contrast to Bank of America’s positive earnings. Increased bond yields before signals.
The Dow Jones fell 0.1% while the Nasdaq fell 0.2%.
Back home, Indian stock markets are trading on a flat note.
The benchmark indices started today’s session with a marginal gain after heavy selling on mixed global cues.
The indices cut gains sharply and are currently trading in negative territory.
Market participants are tracking the share of L&T Infotech, ACC, Mastek and Tata Steel Long Products as these companies announce their March quarter results today.
BSE Sensex is trading up 33 points. Meanwhile, NSE Nifty is trading with a gain of 22 points.
Tata Steel and Reliance are among them Today’s Top Beneficiaries, On the other hand, HDFC is the biggest loser today.
The BSE Midcap index has gained 0.6 per cent. The BSE Smallcap index is trading with a gain of 0.8 percent.
Sectoral indices are trading mixed with stocks in metal sector, energy sector and healthcare sector witnessing mostly buying.
realty stock and IT StockAt the same time, doing business in green.
Shares of Bharat Dynamics and AU Small Finance Bank today hit a 52-week high.
Gold prices are trading with a fall of 0.1% 53,252 per 10 grams.
Meanwhile, silver prices are trading with a gain of 0.1%. 70,029 per kg.
Crude oil prices are flat today after rising 1% in the previous session, as Libya was forced to halt some exports and manufacturers in China reopen factories in Shanghai after a nearly three-week Covid-19 shutdown. had prepared for.
In steel sector news, Jindal Steel & Power is one of the top buzzing stocks today.
Jindal Steel and Power (JSPL) on Monday reported a 2% growth in steel production at 2.11 million tonnes for the quarter ended March 2022.
Its sales also registered a growth of 8% at 2.07 million tonnes (MT) in the January-March period, according to a statement.
In the financial year 2021-22, the company produced a record 8.1 MT of steel, while sales stood at a record 7.63 MT.
Despite several challenges throughout FY 2022, JSPL managed to cross the 8 MT mark for the first time in its production guidance.
For the fifth year in a row, the company also registered a stellar growth in annual steel sales on a year-on-year basis.
VR Sharma, MD of the company said,
We aim to produce more than 9 MT in FY23. Our Angul plant is on expansion track and we expect to reach a capacity of over 15 MT by FY25. The company has significantly increased the supply of raw materials after winning four new coal blocks recently.
As part of its expansion, the company plans to set up a coal gasification plant to manufacture steel through gasification technology.
The share price of JSPL is currently trading with a gain of 3%.
Moving on to the news from the automobile sector, Ashok Leyland has joined hands with Mahindra First Choice Wheels to enter the business of used commercial vehicles. The company has signed an MoU in this regard.
The flagship company of the Hinduja Group aims to streamline the used vehicles market by leveraging its digital ecosystem, its existing and potential channel partners, in over 700 parking yards and other advanced technologies spread across the country.
The pre-owned or re-purposed vehicles sector is experiencing rapid and steady growth since the start of the pandemic due to increased waiting periods for vehicles and financial challenges.
Ashok Leyland said the platform aims to be the first choice of customers through features such as exchange, disposal, hybrid and special vehicle inspection.
Ashok Leyland share price is currently trading up 0.5%.
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