Indian Stock Market Live Today, 19 July- Morning Updates
Market Live Today,19 July: Indian stock markets are trading lower, HDFC bank trading as a top loser after Q1FY22 result
Market Live Today 19 July: Indian stock markets opened a gap down on Monday in line with other Asian peers. The reason for market fall is weak global cues. The key indices Nifty opened at 15754.50, down by 168.9 points while Sensex made a gap down opening of 533.07 points at 52606.99 levels. The Bank Nifty spot price also made a gap down opening of 681.3 points at 35070.50 levels.
At 9.50 am IST, the Indian market indexes, Sensex and Nifty trimmed some opening losses and are trading lower by 0.72 percent and 0.62 percent respectively. The Bank Nifty spot price is trading 1.17 percent down at this moment.
BPCL, Divis Lab, and NTPC are trading as the top gainers in the Nifty 50 index whereas HDFC Bank, HDFC, and Bajaj Auto are trading as the top losers. The most active stocks ( value-wise) in the Nifty 50 index are HDFC Bank, Reliance, and Wipro.
On a sectoral front, Oil & Gas, Power, and Telecom sectors are trading in the green whereas Banking, Finance, and Automobile sectors are dragging down the markets.
Indian Stock Markets are likely to open gap down today
Good morning and welcome to the Indian stock market live today, 19 July at 7.50 am IST
Asian markets are trading in the red tracking the negative cues from the U.S markets on Friday, the last trading day. Nikkei and Hang Seng are trading lower by 1.75 percent and 1.76 percent respectively. Shanghai is also trading lower by 0.48 percent. SGX Nifty is trading 224 points downs at 15712 levels. The indication getting from the Asian market peers is negative, the Indian stock markets are likely to open gap-down today.
The US stock market indexes slipped on Friday even after surging in retail sales. The University of Michigan’s preliminary gauge of consumer sentiments fell back to its lowest level since February due to inflation worries. The U.S market indexes, Dow Jones, and S&P 500 fell 0.86 percent and 0.75 percent respectively while Nasdaq was down by 0.80 percent on Friday.
European markets closed lower on Friday even after travel stock rallied. The rising new Covid-19 variant cases across the continent continued to sap investors’ confidence. The European market indexes, CAC and DAX closed lower by 0.51 percent and 0.57 percent respectively. While FTSE was down by 0.06 percent on Friday.
Indian stock markets indexes closed almost flat on Friday. The benchmark indices, Sensex and Nifty closed slightly lower by 0.04 percent and 0.01 percent respectively. FIIs were the sellers and DIIs were the buyers in the cash market segment. FIIs sold Rs 466.30 crore whereas DIIs bought Rs 666.07 crore in the cash market on Friday.
News that may impact the Indian stock market live today, 19 July
On Friday RBI data showed that the country’s foreign exchange reserves increased by $1.883 billion to touch a record high of $611.895 billion in the week ended July 9. The forex reserve had surged by $1.013 billion to $610.012 billion, in the previous week ended July 2.
On Sunday OPEC+ countries have agreed to boost oil supply from August to cool prices which have increased to almost two and half years high as the global economy recovers from the pandemic. Last year, OPEC+ countries have cut production by a record 10 million barrels per day amid pandemic-induced slow in demand and collapsing prices.
You can visit again to read more updates about the Indian stock market live today 19 July after the markets get open.
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