Market Live: Sensex, Nifty trading flat, PSU Bank, Metals shines

 

Market Live at 12.30: Indian stock market indexes opened higher on Friday following positive cues from global markets. Nifty today opened higher at 18259.10 levels, up by 68.1 points while Sensex made a gap-up opening of 195.28 points at 61329.16 levels. Indian markets are trading comfortably above their neutral lines on the last day of the year 2022.

The domestic markets followed the positive global cues, as the latest jobless claim data in the US raised hope for possible slow growth in wages and a less aggressive Federal Reserve. Other than the positive global cues traders took encouragement, as Reserve Bank of India (RBI) Governor Shaktikanta Das said the Indian economy is resilient with financial stability maintained with a well-capitalized banking sector, amid global uncertainties and shocks. 

However, the upside remained capped as traders turned cautious after the data released by the Reserve Bank showed that the country`s current account deficit widened to 4.4 percent of the GDP in the quarter that ended September, from 2.2 percent GDP during the April-June period, due to higher trade gap. Some concerns also came in the markets, as FIIs are continuously selling in the equity cash segment in Indian markets.

 

Stock Market Live Today 

 

Market Live at 12.30 pm IST, the Indian stock market indices, Sensex and Nifty are trading marginally higher by 0.14 percent and 0.10 percent respectively. The Bank Nifty is down by 0.30 percent at 12.30 pm IST. The broader markets are trading higher at this moment, as Nifty midcap and smallcap indexes are trading higher by 0.70 percent and 1.11 respectively at this time.

Among the sectors, Nifty PSU Bank, Metals, and Realty are trading higher whereas Pharma, FMCG, and Banks are trading in the red. The top three Nifty 50 gainers are Bajaj Finserve, Bajaj Finance, and ONGC while the top losers are SBI life, Eicher Motors, and ICICI Bank.

 

Stocks in News Today

 

The state-run power major NTPC has declared commercial operation of the first part capacity of 10 MW out of 23 MW Solapur Solar PV Project at Maharashtra, w.e.f. 00:00 Hrs. of 30.12.2022, With this, the standalone installed and commercial capacity of NTPC has become 58269 MW, while the group installed and commercial capacity of NTPC has become 70884 MW. The share price of NTPC is trading at Rs 166.40 per share, down just 0.21 percent on NSE at this moment

The Steel strips wheels gains as the company has repaid a term debt of Rs 81.26 crore.  The company has now reduced its long-term debt to Rs 270 crore from Rs 374 crore. The share price of Steel Strips wheels is trading at RS 159.20 per share, up by 2.64 percent on NSE  

Eicher Motors on Thursday announced that its board has approved a strategic investment of Euro 50 million in Spain-based Stark Future SL to develop an electric motorcycle, technology sharing, technical licensing, and manufacturing. The share price of Eicher motors is trading at Rs 3236.70 per share, down by 1.35 percent on NSE

 

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