NSE reduces market lot size for Nifty 50 derivatives deals
NSE has reduced the market lot size for derivatives deals of shares included in the Nifty 50. The move will reduce the burden of excessive upfront margins for retail traders. The NSE said in a circular that the lot size has been reduced from the current 75 to 50. Tejas Khode, CEO of share broking firm Fires, said the reduction in lot size would reduce margin requirements for futures trading by one-third. He said that at this time, traders need about Rs 1,73,000 to make a deal. The margin requirement will come down to around Rs 1,16,000 (at current Nifty prices) from July.
The economy is back on track
The economy, which was in a poor condition during the lockdown triggered by the Corona epidemic, is now back on track. Goods and Services Tax (GST) collection has crossed Rs 1 lakh crore for the sixth consecutive month. GST collection in March stood at Rs 1,23,902 crore. This figure is the highest ever since the introduction of GST in the country. At the same time, it has been more than Rs 1.1 lakh crore for the fourth consecutive time after the epidemic, which is a sign of improvement in the economy.
A huge increase of 90.82 lakh crores in investor wealth in 2020-21
Investor’s wealth increased by Rs 90,82,057.95 crore in FY 2020-21, due to the rise in the price of shares in the domestic stock market. The BSE 30 Sensex rose 68 percent during this period. The Sensex gained 20,040.66 points, or 68 per cent, in this unprecedented rally. Despite various disruptions and uncertainties in the economic world due to the Kovid-19 epidemic, the local stock market has been in tremendous boom.
In FY 2020-21, the total valuation of companies listed on the BSE on a share-price basis was up by Rs 90,82,057.95 crore to Rs 2,04,30,814.54 crore. On March 3 this year, the market value of BSE-listed companies reached an all-time high of Rs 2,10,22,227.13 crore.
Such was the situation of veteran shares
Talking about the big stocks, today the shares of Tata Steel, JSW Steel, Hindalco, IndusInd Bank and Adani Ports closed on the green mark. On the other hand, shares of Hindustan Unilever, Nestle India, HDFC Life, Divis Lab and TCS closed at the red mark.
Monitoring of sectoral index
If we look at the sectoral index, today all the sectors, except the FMCG, closed on the green mark. These include Metal, PSU Bank, Pharma, Realty, Media, IT, Auto, Finance Services, Private Banks and Banks.
Market was open on green mark
The Sensex opened 358.57 points (0.72 per cent) higher at 49867.72 in early trade. At the same time, the Nifty opened with a gain of 102.60 points, or 0.70 per cent, at 14793.30.
The stock market closed with a fall on Wednesday
The stock market declined on the last trading day of FY 2020-21 and closed at the red mark. The Sensex was down 627.43 points, or 1.25 per cent, at 49509.15 and the Nifty was down 154.40 points, or 1.04 per cent, at 14690.70.