Market Live, 24th Sept- Nifty trading below 11K, Hindalco, IndusInd top losers

 

Indian share markets opened a gap down today as global cues are negative. The Nifty opened at 11,011 levels, made a negative opening of 120.85 points while Sensex made a gap down of 386.24 points at 37282.18 levels. The Bank Nifty on spot levels opened at 20898.80 levels made a negative opening of 279.70 points.

At 10 am IST, Nifty and Sensex are trading more than 1% down while Bank Nifty is trading 1.50% down

Bharti Infratel, Dr. Reddy’s Lab, and Kotak Mahindra Bank are trading as top gainers whereas Hindalco, IndusInd Bank, and Tata Motors are trading as top losers in the Nifty index. Dr. Reddy’s lab, Reliance, and Bharti Airtel are trading as the most active stocks in NSE. 

All sectors are trading in the red today. IT & Software, Banking & Finance, Metals & Minings. Infrastructure and Automobiles sectors are trading in the deep red today

 

Indian markets are expected to open gap down today

 

Good morning and welcome to Share market live for 24th Sept at 8.30 am IST

Asian markets are trading lower today. The Nikkei and Hang Seng are trading lower by 0.57% and 1.83% respectively while Shanghai is down by 1.01%. The SGX Nifty today trading in the deep red down by 127 points or 1.15%. Indian share markets are expected to open gap down today.

The US markets fell sharply on Wednesday as the hopes on additional fiscal stimulus dimmed, rise in coronavirus cases, and the higher valuation of tech stocks. The Dow Jones fell 1.92% while Nasdaq and S&P 500 closed lower by 3.02% and 2.37% respectively on Wednesday.

The European markets closed higher yesterday after the buying interest seen in the beaten-down travel stocks and sports sectors. The FTSE gained 1.20% while CAC and DAX closed marginally higher by 0.62% and 0.39% respectively on 23rd September.

In Indian, the share market closed marginally lower on Wednesday. The Sensex was down by 0.17% while Nifty closed 0.20% lower. FIIs were the sellers while the DIIs were the buyers yesterday. FIIs sold Rs 3912.44 crore while DIIs bought Rs 1629.23 crore in the cash market on Wednesday.

You can also read yesterday’s market updates here

 

The news that can influence share market live for 24th Sept 

 

The Federal Reserve officials have clarified on Wednesday that they will keep monetary policy easy for years to allow unemployment to fall. They have also said that the interest will stay near zero until inflation gets to 2% and stays there.

The market regulator SEBI on Wednesday gave time till January 1 to mutual funds’ trustees for appointing a dedicated officer to assist them in monitoring various activities of asset management companies (AMCs). Previously trustees were required to appoint a dedicated officer by October 1 to assist them in their work.

Today is the September months derivative expiry market is expected to remain volatile, there is only one F&O stock Indiabulls Housing Finance ban on NSE for today 24th September.

You can visit again after the markets get open for more share market live updates for 24th Sept. today.

 

You may also like to read, Nifty & Bank Nifty futures trading view ahead of F&O expiry 

 

Happy Investing!!

Editor’s Deskmar