Indian stock market live updates today 17 March 2021
Market Live Today 17 March: Indian stock market is trading flat, IT stocks are up
Market live today 17 March: It was a positive start for the Indian stock market today as indicated by the SGX Nifty in the morning. Nifty opened at 14946.55 levels, up by 36.1 points while Sensex made a positive opening of 72.06 points at 50436.02 levels. The Bank Nifty on the spot price opened at 34905.05 levels up by 100.45 points from the previous levels.
At 9.45 am IST, Sensex and Nifty are trading marginally higher by 0.09 percent and 0.03 percent respectively. The Bank Nifty on the spot price is trading lower by 0.15 percent.
Larsen, HCL Tech, and Tech Mahindra are trading as the top gainers in the Nifty50 Index whereas BPCL, ONGC, and Asian Paints are trading as the top losers. The most active stocks at this moment in the Nifty50 index are BPCL, ITC, and Reliance.
On a sectoral front, IT & Software, Infrastructure, Real Estate sectors are trading higher whereas Insurance, Healthcare, Oil & Gas, Metal, and Telecom sectors are trading in the red at this moment.
Indian stock market may open positive today
Good morning and welcome to the Indian stock market live updates today, 17 March at 8 am IST
Asian markets are trading mixed today tracking negative cues from the US markets ahead of the FOMC meeting outcome. Nikkei and Hang Seng trading marginally higher by 0.09 percent and 0.16 percent respectively whereas Shanghai is trading flat. The SGX Nifty is trading 44 points up indicating a positive opening for the Indian stock market today.
The US markets mostly closed in the red on Tuesday as technology shares lost steam at the end and trimmed early gains. The US market index Dow and S&P 500 fell 0.39 percent and 0.16 percent respectively whereas tech-heavy Nasdaq closed marginally higher by 0.09 percent on Tuesday
European market indices closed in the green on Tuesday due to upbeat earnings forecast by corporates, while the investors awaited the Federal Reserve’s view on the higher inflation. European market indices FTSE and DAX gained 0.80 percent and 0.66 percent respectively while CAC gained 0.32 percent on Tuesday.
Indian stock markets closed marginally lower amid volatility on Tuesday. Sensex and Nifty closed 0.06 percent and 0.13 percent respectively.FIIs were the buyers and DIIs were the seller in the cash market segment. FIIs bought Rs 1692.31 crores whereas DIIs sold Rs 1168.59 crores in the cash market on Tuesday.
News that may impact the Indian stocks market live today 17 March
On 16 March, the Union Cabinet has approved a bill for setting up a new Development Finance Institution (DFI). It’s a part of the government’s push to create jobs and boost demand through a nationwide infrastructure push. The bill states the structure of the new DFI and the mechanism to raise funds.
According to the commerce ministry’s preliminary data, India’s exports grew 17.27 percent to USD 14.22 billion during 1-14 March compared to the previous year for the same period. The healthy growth in export was seen due to the export of engineering, rice, gems, and jewelry.
Imports also increased 27.77 percent to USD 22.24 billion during this period, leaving a trade deficit of USD 8.02 billion as per the data showed by the government on Tuesday.
You can visit this page again to read more updates on the Indian stock market live for today 17 March.
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