Indian Stock Market Live Today, 20 July- Morning Updates
Market Live Today, 20 July: Indian stock markets are trading lower, HDFC Bank down 2%
Market Live Today 20 July: Indian stock markets opened lower on Tuesday amid negative global cues. The benchmark indices, Nifty opened at 15703.95, down by 48.45 points while Sensex made a negative opening of 120.52 points at 52432.88 levels. The Bank Nifty spot price made a gap down opening of 288.05 points at 34791.15 levels.
At 9.50 am IST, the key indices Sensex and Nifty are trading lower by 0.61 percent and 0.59 percent respectively. The Bank Nifty spot price is trading 1.34 percent down at this moment.
Shree Cement, Power Grid, and Bajaj Auto are trading as the top gainers in the Nifty 50 index whereas HCL Tech, HDFC Bank, and Hindalco are trading as the top loser at this moment. The most active stocks value-wise are HDFC Bank, HCL Tech, and Adani Ports.
On a sectoral front, Chemicals, Construction Materials, FMCG sectors are trading higher whereas Banking, Metals, IT & Software, and Financial sectors are dragging the markets
Indian stock markets are likely to open in the red today
Good morning and welcome to the Indian stock market live, today 20 July at 7.40 am IST
Asian markets are trading in the red on Tuesday, following the negative cues overnight from the US markets. Nikkei and Shanghai are trading lower by 0.56 percent and 0.55 percent respectively whereas Hang Seng is trading almost flat. The SGX nifty is trading 24 points down at 15717 levels at this moment. The indication getting from the global market peers is negative. The Indian stock markets are likely to open in the red today.
In the U.S the stocks, bond yields, and oil prices fell sharply on Monday as investors are concerns about the rising delta variants of Covid-19 infection in several countries and its impact on the economic recovery. The US market indexes, Dow Jones, and S&P 500 fell 2.09 percent and 1.59 percent respectively. The Nasdaq Composite was down by 1.06 percent on Monday.
European market indexes declined more than 2 percent on Monday. The worst session in nine months on worries that the fast-spreading Delta variants of Covid-19 infection could slow the global economic recovery. European market indexes, CAC and DAX closed lower by 2.54 percent and 2.62 percent respectively. While FTSE was down by 2.34 percent on Monday.
Indian stock market slipped more than a percent on Monday due to global sell-off and weak earning reports from HDFC Bank for the June end quarter. The benchmark indices, Sensex and Nifty closed lower by 1.10 percent and 1.07 percent respectively. FIIs were the sellers and DIIS were buyers in the cash market segments. FIIs sold Rs 2199.71 crores while DIIs bought Rs 1047.66 crore in the cash market on Monday.
News that may impact the Indian stock market live today
According to foreign brokerage firm Nomura, the business activity in India witnessed a gradual V-shaped recovery in June from the low seen in May, based on the data released so far. The firm has also said that the third wave of Covid-19 remained a key risk to economic recovery with a slow vaccination pace and ease of restrictions. The Nomura India Business resumption Index (NIBRI) which tracked high-frequency indicators accelerated to 96.4 in the week ended 18 July from 94.9 in the previous week.
On Monday, the Chief Economic Adviser (CEA) K V Subramanian has said that economic growth during the current financial year would be around 11 percent as projected in the latest Economic Survey in January 2021. He has also said that the overall impact of the second wave on the economy will not be very large.
When asked if the Economic Survey’s target of GDP growth will be met even after the second wave of the Covid-19, Subramanian has replied “ we will be in the ballpark”
You can visit again to read about the Indian stock market live updates today 20 July after the market gets open.
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