Indian stock market live 22 July 2021- Morning Updates
Market Live 22 July 2021: Indian stock markets are trading higher, Metals, Banking & Financial stocks are in focus
Market Live Today 22 July 2021: Indian stock markets opened higher on Thursday amid positive cues from their global peers. The Nifty opened at 15736.60, up by 104.5 points while Sensex made a positive opening of 296.05 points at 52494.56 levels. The Bank Nifty spot price made a gap up opening of 359.1 points at 34774.55 levels.
At 9.50 am IST, the Indian stock markets are trading almost a percent higher. The benchmark indices, Sensex and Nifty are trading higher by 0.97 percent and 0.93 percent respectively. The Bank Nifty spot price is trading higher by 1.39 percent.
Bajaj Finance, JSW Steel, and Hindalco are trading as the top gainers in the Nifty 50 index whereas Asian Paints, Power Grid, and Hero Motor Corp are trading as the top losers. Bajaj Finance, HDFC Bank, and Wipro are trading as the most active stock value-wise in the Nifty 50 index.
On a sectoral front barring Power, all other sectors are trading higher. Metals, Banking, Finance, FMCG, Consumer Durables, and Realty sectors are trading higher.
Indian stock markets are expected to start higher today
Good morning and welcome to the Indian stock market live today 22 July 2021 at 8 am IST
Asian markets are trading higher on Thursday tracking the positive cues from the US markets overnight. Hang Seng is trading higher by 1.43 percent while Shanghai is trading flat at this moment. Nikkei is not trading today and tomorrow due to the holiday. SGX Nifty is trading higher by 129 points at 15739 levels. The indication getting from the Asian market is positive today. The Indian stock markets are likely to open in the green today.
The US market indexes rose for the second consecutive day on Wednesday as investors turned their focus on strong corporate earnings. The US market indexes, Dow and S&P 500 closed higher by 0.83 percent and 0.82 percent respectively. The tech-heavy Nasdaq Composite was up by 0.92 percent on Wednesday.
The strong corporate earnings from European Blue-chip companies helped the benchmark indices to trade higher on Wednesday. The bounce-back of Travel and leisure stocks has also boosted the market sentiments in Europe. The market indexes, FTSE and CAC closed higher by 1.70 percent and 1.85 percent respectively. The DAX also gained 1.36 percent on Wednesday.
Indian stock markets closed lower on Tuesday amid weak global cues. The markets were closed on Wednesday on account of Bakri-Id. The benchmark indices, Sensex and Nifty closed lower by 0.68 percent and 0.76 percent respectively. FIIs were the seller and DIIs were the buyers in the cash market segment on Tuesday. FIIs sold Rs 2834.96 crore while DIIs bought Rs 873.14 crore in the cash market segment on 20 July Tuesday.
News that may impact the Indian stock market live today 22 July
According to RBI data showed, India continued to attract foreign direct investment (FDI) inflow during April- May 2021. The gross FDI inflows recorded more than a double to $18.3 billion during the first two months of the current fiscal. This is compared to $8.5 billion in the same period of the previous year. One-third of the current year’s inflows are in the form of acquisition of shares rather than investing in the new projects.
On Wednesday, Japanese financial holding company Nomura said that India’s monthly consumption made a strong comeback in June as per Nomura India Normalisation Index (NINI). According to Nomura investment suffered a relatively smaller hit during the second wave of the Covid-19 pandemic. It expects that India’s GDP to grow at 10.4% in FY22 provided that the vaccination would speed up from August.
You can visit this page again to read more about the Indian stock market live updates today, 22 July after the market gets open.
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