Stock Market LIVE Updates: GIFT Nifty indicates a weak start; US markets fall, Asia trades mostly higher

The Election Commission of India (ECI) has released further information regarding the electoral bonds, including information on the amount redeemed per political party on March 17.

The ECI has uploaded the data on its website, which it received in digitised form from the registry of the Supreme Court. Political parties had filed data on Electoral Bonds in sealed covers as directed by the Supreme Court’s interim order dated April 12, 2019, the poll panel said in a statement.

According to EC data, BJP encashed electoral bonds totalling Rs 6,986.5 crore; maximum Rs 2,555 crore received in 2019-20 and Congress redeemed a total of Rs 1,334.35 crore through electoral bonds. Trinamool Congress received Rs 1,397 crore through electoral bonds, making it the second largest recipient after BJP. BRS was the fourth largest recipient through electoral bonds, encashed bonds worth Rs 1,322 crore. Read More

Asian markets were trading mostly higher on Monday morning as investors looked to navigate a minefield of central bank meetings this week that could see the end of free money in Japan and perhaps a slower glide path for U.S. rate cuts.

US stocks fell on Friday, led by technology-related megacaps that have propelled this year’s rally, while investors weighed the interest rate outlook ahead of next week’s Federal Reserve meeting.

The Dow Jones Industrial Average fell 190.89 points, or 0.49%, to 38,714.77. The S&P 500 lost 33.39 points, or 0.65%, at 5,117.09 and the Nasdaq Composite dropped 155.36 points, or 0.96%, to 15,973.17.

Trends on GIFT Nifty indicate a negative start for the broader index in India, with a loss of 32 points or 0.14 percent. The Nifty futures were trading around 22,064.50 level.

India’s benchmark Sensex and Nifty faced their first weekly decline after four weeks of gains and posted around two percent loss during the week, the steepest weekly decline in 20 weeks. Broad-based selling and a meltdown in mid and smallcap stocks continued, alarming investors amidst regulatory warnings.

The benchmark Sensex lost 2.2 percent during the week while Nifty fell 2.1 percent. This was the steepest weekly fall since October 2023. BSE MidCap and SmallCap lost around 4 percent and 6 percent, respectively.