Nifty and Sensex Plunge as Banking and Financial Services Take a Hit

Sensex and Nifty Today Sept 20, 2023: Indian stock market indices opened a gap-down on Wednesday, following the weak global cues. The Nifty index opened lower by 152.55 points at 19980.75 levels, while Sensex made a negative opening of 516.67 points at 67080.18 levels. The Bank Nifty also opened lower by 486.15 points at the 45493.70 level.  

 

Sensex, Nifty Live Today 

 

Market Live at 9.40 a.m IST, the Indian stock market indices, Sensex and Nifty are trading lower by 0.60 percent and 0.57 percent respectively. The Bank Nifty is also trading lower by 0.59 percent at 9.40 a.m IST. The broader markets are trading mixed near their flat line, as the Nifty mid-cap index is up by 0.05 percent, while the smallcap index is trading lower by 0.08 percent.

Among the sectors, the Media, PSU Bank, and Auto sectors are gaining while the Financial Services, Bank, and FMCG sectors are falling the most.

The top-gaining stocks in the Nifty 50 index are Bajaj Suto, Power Grid, NTPC, ONGC, and M&M,  and the top-losing stocks are  HDFC Bank, Apollo Hospital, Reliance, HDFC Life, and BPCL.

The most active stocks in NSE in terms of value are HDFC Bank, M&M, and ICICI Bank, in terms of volume HDFC Bank, Tata Steel, and ICICI Bank

 

Asian Stock Market Live Updates Today

 

The other Asian stock market indexes are trading in the red, as the central bank of China kept the 1-year and 5-year, Loan Prime rates unchanged in September. Investors were also cautious ahead of the US Fed’s interest rate decision, due on Wednesday. Shanghai and Hang Seng are trading lower by 0.36 percent and 0.52 percent respectively.

Nikkei extended early losses by 0.47 percent, as Japan’s trade deficit narrowed by two-thirds on a YoY basis in August, while imports and exports recorded a smaller fall than expected earlier. Kospi is trading near its flat line, as South Korea’s wholesale inflation came to its highest level since July 2022.

Elsewhere, Australia’s S&P/ASX 200, Straits Times, Taiwan, and Set Composite are trading negatively while Jakarta Composite is trading higher by 0.65 percent at 8.40 a.m IST.

 

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Also, read  Stock Market Prediction Next Week (18-22 Sept 2023)                  

                 Nifty and Bank Nifty Prediction for Wednesday, Sept 20, 2023

 

Happy Investing!

Editor’s Desk