Stock Market Live Updates:Gift Nifty Cues Positive; US Market Down

With the exception of information technology, purchasing across sectors continued to be successful as the market indexes concluded the day on March 22 with gains.

Both the Sensex and the Nifty were up 190.75 points and 0.26 percent, respectively, at 72,831.94 and 22,096.80 at the closing.

Following the tech company Accenture’s downward revision of its full-year revenue growth prediction, the market opened lower due to weakness in the IT stocks. The losses were eliminated by purchasing the other sectoral indices.

Sensex and Nifty both showed slight weekly gains.

Holi on March 25th forced the closure of the bazaar.

GIFT Nifty

A gain of 25 points, or 0.12 percent, suggests that the GIFT Nifty is trending well for the Indian index as a whole. Near the 22,118.50 mark, the Nifty futures were moving.

Bitcoin:

Bitcoin users seem to be ignoring the withdrawals from US exchange-traded funds that occurred last week, as the largest cryptocurrency surged back beyond $70,000.

On Monday, the majority of digital assets saw gains, with Bitcoin rising as much as 7.1% to $70,816. For the first time in over a week, the token’s value has surpassed $70,000. Solana and Dogecoin were both up more over 4%, while Ether was up about 6%.

Dollar Slips

Profit-taking and pressure from a slightly stronger yen, along with Japanese government officials’ relentless defence of the currency, sent the dollar into a downward spiral on Tuesday.

Both the New Zealand dollar and the pound strengthened against the US dollar, moving up to $1.2636 from last week’s one-month low of $1.25755, after hitting a four-month low at $0.5999.

Due to strong resistance near the 152 level and the possibility of intervention from Japanese authorities, the US dollar dropped 0.04% vs the yen in Japan to 151.37.

At $1.0840, the euro increased 0.03%, while the dollar index decreased by 0.02%.

Goodreturns Staff Goodreturns
source: goodreturns.in