Nifty, Sensex Trade Lower Amid Weak Global Cues; PSU Banks Gain

Sensex and Nifty Today Aug 17, 2023: Indian stock market indices opened marginally lower on Thursday tracking the negative global cues. The Nifty index opened slightly lower by 14.45 points at 19450.55 levels, while Sensex also opened lower by 35.57 points at 65503.85 levels. The Bank Nifty made a negative opening of 49.15 points at the  43897.25 level.  

 

Sensex, Nifty Live Today 

 

Market Live at 9.35 am IST, the Indian stock market indices, Sensex and Nifty are trading lower by 0.32 percent and 0.33 percent respectively. The Bank Nifty is trading lower by 0.18 percent at 9.35 am IST. The broader markets are outperforming their larger peers, as the Nifty mid and smallcap indexes are trading higher by 0.42 percent and 0.48 percent respectively.

Among the sectors, PSU Bank, Realty and Metal sectoral indices are in the lead while FMCG, Energy, and IT are dragging the indices

The top-gaining stocks in the Nifty 50 index are Adani Ports, Titan, Tata Steel, Adani Enterprise, and SBI and the top losing stocks are LTIM, ITC, Cipla, Power Grid, and ICICI Bank

The most active stocks in NSE in terms of value are HDFC Bank, ICICI Bank, and Reliance in terms of volume Tata Steel, NTPC, and ICICI Bank.

 

Asian Stock Market Live Updates Today

 

Asian stock market indexes trimmed their early losses and are trading lower on Thursday following the negative cues from Wall Street overnight. Nikkei is trading lower by 0.68 percent, as Japan’s trade balance slip into a deficit in July as compared to a surplus in June. South Korea’s Kospi erased most of its early losses and is trading lower by 0.41 percent. 

Shanghai index erased all losses and is trading flat to the positive as traders got encouraged after China’s Premier Li Qiang said on Wednesday that the country would work to achieve the economic target for this year. Hang Seng also erased most of its early losses and is trading lower by 0.37 percent at 9 am IST.

 

Also, read  Gift Nifty: The Rebranded SGX Nifty Starts Trading July 3rd

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Happy Investing!

Editor’s Desk