Indian stock market Indexes-Nifty closed near 18K, Sensex up 148 points
Nifty closed near 18K, Sensex up 148 points, Nifty PSU Bank up 3%
At the close, Indian stock market indexes closed positive near days high despite negative cues from the global markets. Nifty gained 46 points or 0.26 percent and closed at 17991.95 while Sensex was up by 148.53 points or 0.25 percent and finished at 60284.31 levels. The Bank Nifty spot price gained 227.70 points or 0.59 percent and ended at 38521.50 levels.
The broader markets also gained in line with their larger peers. The Nifty midcap index gained 174.70 points or 0.55 percent and closed at 31805.50 levels. The Nifty smallcap index was up by 91.70 points or 0.80 percent and finished at 11528.15 levels.
The top five gainers in the Nifty50 index were Titan, Bajaj Auto, Bajaj Finserve, SBI, and Hindalco. The top five losers in the Nifty 50 index were HCL Tech, HDFC Life, Tech Mahindra, Coal India, and Ultratech Cement. The most active stocks in the Nifty50 index in terms of value were Tata Motors, TCS, and SBI. The most active stocks in terms of volume were Tata Motors, SBI, and ITC.
On a sectoral front, barring IT & Software all other major sectors closed in the green today. The sectors that took the led in today’s rally were Nifty PSU Bank, Consumer Durables, FMCG, Metals, Media, and Auto
Indian stock markets are trading flat ahead of CPI and IIP data
Indian stock markets continued their lackluster trade slightly in red in the afternoon session, amid weakness across global markets. Investors are also cautious ahead of CPI inflation and Industrial output data for directional cues, which is expected later today.
The downside remains capped in the markets as traders found some support with the Finance Ministry’s monthly economic review stating that strategic reforms and the rapid vaccination drive have placed the country on the path of swift recovery by enabling the economy to navigate the ravaging waves of the Coronavirus pandemic.
The report also said that sustained and robust growth in agriculture, a sharp rebound in manufacturing and industry, resumption of services activity, and buoyant revenues suggest that the economy is progressing well.
Market Live
At 1.15 pm, the Indian stock market indexes are trading marginally lower. Sensex and Nifty are trading lower by 0.07 percent and 0.06 percent respectively while the Bank Nifty index on spot levels is trading flat to the positive. The nifty midcap index is also trading flat to the positive whereas smallcap index is trading higher by 0.66 percent at this moment.
The top gaining stocks in the Nifty50 index are Titan, Bajaj Finserve, and Bajaj Auto. The top losing stocks in the Nifty50 index are HCL Tech, Tech Mahindra, and Coal India.
On a sectoral front, Nifty PSU Bank, Media, and FMCG are trading as top gaining sectors whereas IT and Pharma are trading in the red.
Indian Stock Market Indexes are trading flat, Auto, FMCG stocks are in focus
Indian stock markets opened in the red on Tuesday amid negative cues from the global markets. Nifty opened marginally lower by 30.15 points at 17915.80 while Sensex opened at 60045.75 levels down by 90.03 points. The Bank Nifty on the spot price made a negative opening of 115.45 points at 38178.35 levels.
At 10 am the benchmark indices are trading in the green zone. Sensex and Nifty are trading almost flat, up by only 0.02 percent and 0.06 percent respectively, while Bank Nifty is trading 0.17 percent up at this moment. The Nifty midcap and smallcap indexes are also trading higher by 0.18 percent and 0.64 percent respectively.
Bajaj Auto, Tata Motors, and Eicher Motors are trading as the top gainers in the Nifty index while HCL Tech, M&M, and Coal India are trading as the top losing stock.
On a sectoral front, Nifty Auto, FMCG, and Pharma sectors are trading as the gainers whereas Realty and IT sectors are trading in the red at this time.
Indian stock markets are likely to open in the red today
Good morning and welcome to the Indian stock market live today 12 October at 7.30 am
Asian markets are trading in the red tracking negative cues from the US markets overnight. Nikkei and Hang Seng are trading lower by 0.87 percent and 1.41 percent respectively while Shanghai is trading 0.36 percent down. SGX Nifty is trading lower by 106 points or 0.59 percent at 17854 levels.
The indications getting at this moment from the Asian markets are negative, Indian stock markets are likely to open in the red today.
The US and European market indexes
The US markets fell on Monday due to a rise in crude oil prices. Investors are now worried about slow growth and mounting inflation as oil prices are at three year high. The US market indexes, Dow Jones and S&P 500 closed lower by 0.72 percent and 0.69 percent respectively while Nasdaq was down by 0.64 percent on Monday.
European markets closed mostly in the green due to a strong rally in mining stocks. Markets were trading in the red in the first half as investors were worried about rising inflation and the upcoming earning session. European market indexes, FTSE, and CAC closed higher by 0.72 percent and 0.16 percent respectively while DAX closed flat to the negative, just 0.05 percent down on Monday.
FIIs and DIIs data
Indian stock market indexes trimmed most of their intraday gains on Monday and closed marginally higher. FIIs and DIIs both were the sellers in the cash market segment on 11 October. FIIs sold Rs 1303.22 crore while DIIs sold Rs 373.28 crore on Monday.
Today’s event-
CPI-based inflation for the month of September and IIP data post-market
Q2FY22 Earnings-
Bhansali Engineering Polymers, GM Breweries, Indbank Merchant Banking Services, Ind Bank Housing, JTL Infra, and DRC Systems will announce their Q2FY22 earnings today.
You can visit again this page to read more about the Indian stock market live updates for 12 October.
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Happy Investing !!
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