The domestic equities moved in sync with US markets to close in the negative, fuelled by investors’ expectation of stringent interest rate decisions by the Fed. The market closed lower for the second successive day, dragged down by IT and financial sector stocks. NSE's India VIX, a gauge of market volatility, went up by 2.89 per cent to 19.02 levels.  

Today, when the equity market saw corrections, BSE Sensex was down by 566 points. In spite of that, the stock of Tata Power gained 5.5 per cent. The below-listed factors led to the demand for Tata Power shares.

Indian markets nosedived during Wednesday's trading session, tracking weak global peers. The US market was down by 0.80 per cent and 2.20 per cent. The mutual fund industry’s AUM grew by 19 per cent to Rs 38.37 lakh crore. The buyers outnumbered sellers to show positivity in the market. On BSE, 2,068 shares rose while 1,151 shares fell. The FIIs bought shares worth Rs 374.89 crore and the DIIs sold shares worth Rs 105.42 crore on April 05. 

Equity indices opened lower and traded with losses in the early trade. Asian markets were trading lower on Wednesday, mirroring losses seen among their peers on Wall Street, following an overnight surge. Buying was seen by both foreign portfolio investors (FPIs) as well as domestic institutional investors (DIIs) worth Rs 374.89 crore and Rs 105.42 crore, respectively in the Indian markets on April 04. Crude oil is trading at $ 102 per barrel. The Rupee has depreciated this morning and is trading at 75.49 against the dollar. 

The domestic markets took a breather after Monday’s surge and ended lower. After a flat start, the benchmark indices hovered in a range and ended around the day’s low, dragged by heavyweights and also, due to a lack of cues from other Asian markets, many of which were shut for a public holiday. NSE's India VIX, a gauge of market volatility, plunged 2.14 per cent to 19.21 levels.

The US market is up between 0.30 per cent and 19.8 per cent. Brent crude is trading at 109 per barrel. Deutsche Bank CEO foresees recession if Russian oil is cut off. India’s trade deficit widens by 87.5 per cent to a record $ 192 billion. The buyers predominantly outnumbered sellers to show positivity in the market. On BSE, 3,372 shares rose while 898 shares fell. On April 4, both FIIs, as well as DIIs, bought shares worth Rs 1,152.21 crore and Rs 1,675.01 crore, respectively. 

All the sectoral indices on BSE and NSE ended in green. The major winning sectors today were BSE Finance, Bankex, metal, and power. Most European stocks were trading higher while most Asian markets ended on a positive note on Monday. NSE's India VIX, a gauge of market volatility, went down by 1.56 per cent to 20.24 levels. 

BSE Bankex and BSE Finance sector showed extraordinary returns of 4.68 per cent & 3.04 per cent, respectively. The big good news today is that HDFC Ltd has got board approval to merge with HDFC Bank. Around 42 shares of HDFC Bank will be allocated for every 25 shares of HDFC Ltd. Exports touched a record high of $ 418 billion dollars in March, up by 14.53 per cent on a year-on-year basis. The unemployment rate is seen falling to 7.5 per cent in India, showing that the economy is getting back on track after COVID-19 hit two years ago. The buyers predominantly outnumbered sellers to show positivity in the market. On BSE, 2,484 shares rose while 728 shares fell. The FII bought shares worth Rs 1,909.78 crore and the DII had sold shares worth Rs 183.79 crore on April 01. 

All the sectors on BSE and NSE closed positively on the first day of the financial year 2023. NSE's India VIX, a gauge of market volatility, went up by 4.86 per cent to 20.27 levels.  

Almost all the sectors on BSE Sensex are positive. The major gaining sectors are BSE Power, oil & gas, telecom, and realty. The only sector holding Sensex down is information technology. The Indian markets traded on the upper side amid high volatility during opening bells on Friday thereby, tracking weak global cues as investors bet cautiously focussing on the developments of Russia-Ukraine peace talks. The buyers mainly outnumbered sellers to show positivity in the market. On BSE, 2,532 shares rose and 677 shares fell. The FIIs bought shares worth Rs 3,088.73 crore while the DIIs bought shares worth Rs 1,145.28 crore on March 31.