Stock Market Live Update: Nifty, Sensex Open Lower Ahead Of GDP Data

The NSE Nifty 50 and BSE Sensex opened lower on Friday ahead of the GDP data. The Nifty 50 was trading 0.86% down at 22,250.40 and the Sensex was down 627.57 points at 73,948. Nifty is set to break 28-year record with fall in five consecutive months.

“After a negative opening, Nifty can find support at 22,400 followed by 22,300 and 22,200. On the higher side, 22,600 can be an immediate resistance, followed by 22,700 and 22,800,” said Hardik Matalia, Derivative Analyst, Choice Broking.

Stock Market Live Update: Nifty, Sensex Trade Lower Pre-Open

At pre-open, the NSE Nifty 50 was trading 111.65 points or 0.50% lower at 22,433.40. The BSE Sensex was 0.55% lower at 74,201.90.

Rupee Vs Dollar Today: Indian Currency Falls To 87.20

Rupee opened 12 paise lower at 87.32 against the US Dollar. It closed at 87.20 on Thursday.

Source: Bloomberg

The dollar index is 0.06% lower at 107.35. Brent crude is down 0.49% to $73.68.

ITC Share Price Update: Large Trade In Stock

Over 2.66 million shares of ITC were traded via a block deal on Friday.

Coal India: What Brokerages Say

JPMorgan

  • Maintained ‘neutral’ rating and raised target price to Rs 420 apiece from earlier Rs 395.

  • Fuel supply agreement price hike announcement is a positive surprise.

  • Anticipate the flow-through to the fiscal years ending March 2026 through March 2027 estimated Ebitda could be 8-9%.

  • Northern Coalfields is the third largest subsidiary of Coal India (18% sales mix).

Morgan Stanley

  • Maintained ‘overweight’ rating with a target price of Rs 525 apiece.

  • Sees price hike as a positive development.

  • The levy is 2.5% of the fiscal year ending March 2026 revenue and implies 8% upside risk to the fiscal 2026 earnings estimates.

  • Key to watch would be if the company is able to take price hikes over and above this.

  • Currently forecasting 2% growth in fuel supply agreement realisations.

Jubilant Foodworks: What Bernstein Says

  • Maintains outperform with a target price of Rs 850

  • “Boldly going where no one has”

What they liked:

  • Store expansion guidance.

  • Strong focus on operation and tech.

  • Platform innovation and value focus.

  • Profitability and cash management.

What was missing:

  • Popeyes guidance

  • Comments on dine-in vs delivery.

Nifty Today: What F&O Cues Indicate

  • Nifty March futures down by 0.25% at a premium of 138.6 points.

  • Nifty March futures open interest up by 37.38%.

  • Nifty Options March 06 Expiry: Maximum Call open interest at 25500 and Maximum Put open interest at 22500

  • Securities in ban period: Nil

Dollar Check

  • The US Dollar index is up 0.06% at 107.35.

  • Euro was up 0.11% at 0.9626.

  • Pound was up 0.10%% at 0.7944.

  • Yen was down 0.27% at 149.49.

Stock Market News Live: Global Check

Stocks in the Asia Pacific region continued to decline on Friday after heavy selling in US markets as investors digested underwhelming Nvidia Corp. results, mixed economic data and further details on US tariffs.

South Korea’s Kospi fell 2.47%, or 64.64 points, to 2,557.11 while Australia’s S&P / ASX 200 was down 0.81% at 8,201.50 as of 7:28 a.m. Markets in Japan fell on Friday, while the benchmark index in China and Hong Kong also saw a lower open. This comes after S&P 500 fell 1.6% on Thursday erasing the gains it made this year.

Among important events today Japan Tokyo CPI, industrial production and retail sales data will be released today. US PCE inflation in addition to income and spending data will also be released on Friday.

The US dollar rose on Thursday following US President Donald Trump’s announcement on starting tariffs on Canada and Mexico from March 4 and adding another 10% tax on Chinese imports. The S&P 500 fell 1.6% while the Nasdaq 100 slipped over 2.8%, pulled down by the Magnificent Seven that saw the biggest decline since December. The Dow Jones Industrial Average declined by 0.45% on Friday.

Stock Market News Live: GIFT Nifty Indicates Gap Down Start Amid Negative Global Cues

The GIFT Nifty was trading near 22,550 early Friday. The futures contract based on the benchmark Nifty 50 fell 0.68% at 22,531 as of 7:00 a.m. indicating a negative start for the Indian markets.

Benchmark indices ended Thursday’s session flat, with the NSE Nifty 50 ending 2.50 points, or 0.01% lower at 22,545.05, while the BSE Sensex closed 10.31 points or 0.01% higher at 74,612.43.

. Read more on Markets by NDTV Profit.Nifty is set to break 28-year record with fall in five consecutive months, while Sensex will see a decline for three straight months.  Read MoreMarkets, Business, Notifications 

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