Nifty and Sensex Surge; IT and Metal Sectors Lead Gains
Sensex and Nifty Today Aug 21, 2023: Indian stock market indices opened slightly higher on Monday tracking the mixed cues from Asian Markets. The Nifty index opened marginally higher by 10.5 points at 19320.65 levels, while Sensex also opened higher by 95.96 points at 64852.70 levels. The Bank Nifty made a positive opening of 101.8 points at the 43952.85 level.
Sensex, Nifty Live Today
Market Live at 9.35 am IST, the Indian stock market indices, Sensex and Nifty are trading higher by 0. 21 percent and 0.24 percent respectively. The Bank Nifty is trading higher by 0.23 percent at 9.35 IST. The broader markets are outperforming their larger peers, as the Nifty mid and smallcap indexes are trading higher by 0.53 percent and 0.56 percent respectively.
Among the sectors, barring Nifty PSU Bank all sectoral indices are trading in the green. The sectors that are leading are Nifty IT, Metal, and Realty.
The top-gaining stocks in the Nifty 50 index are Adani Port, Adani Enterprise, Power Grid, HCL Tech, and NTPC and the top losing stocks are M&M, Reliance, Bajaj Finserve SBI Life, Eicher Motors and HUL.
The most active stocks in NSE in terms of value are Reliance, HDFC Bank, and Adani Enterprise, and in terms of volume Tata Steel, Adani Ports, and NTPC.
Asian Stock Market Live Updates Today
Asian stock market indexes are trading mixed on Monday, as the Peoples Bank of China (PBOC) cuts Loan Prime Rates (LPR) for 1 year but kept its 5-year LPR unchanged. After last week’s surprise rate cut by the PBOC in its short and medium term, investors were expecting a rate cut in both 1 & 5 years LPR.
Nikkei and Kospi are trading higher by 0.67 percent and 0.46 percent respectively. While Shanghai and Hang Seng are trading lower by 0.46 percent and 1.19 percent respectively. Elsewhere, Straits Times and SET Composite are trading lower while Taiwan and Jakarta Composite are trading higher at 9.15 am IST.
Also, read Gift Nifty: The Rebranded SGX Nifty Starts Trading July 3rd
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Happy Investing!
Editor’s Desk
