Nifty and Sensex update today- Market Views for 14 May
Stock Market Update Today 14 May- Nifty and Sensex are trading flat, Metals, IT and Auto stocks are down
Nifty and Sensex update today 14 May: Indian markets opened positive today as indicated by the global cues. Nifty opened at 14749.40 levels, up by 52.9 points from the previous close. Sensex made a positive opening of 208.13 points at 48898.93 levels. The Bank Nifty on the spot price open at 32495.15 levels, up by only 42.85 points.
At 9.50 am IST, Indian markets erased all early gains and are trading flat The key indices Nifty and Sensex are trading higher by just 0.06 percent and 0.10 percent respectively, while Bank Nifty on the spot price is trading 0.29 percent up.
Asian Paints, UPL, and Cipla are trading as the top gainers in the Nifty 50 index whereas Tata Steel, Hindalco, and Coal India are trading as the top losers. The most active stocks in the Nifty 50 index at this moment are Asian Paints, Tata Steel and UPL.
On a sectoral basis, the Chemical, FMCG, Healthcare sectors are trading higher. The sectors that are trading lower are Metals, IT & Software and Automobiles.
Nifty and Sensex are expected to open in the green
Good morning and welcome to the Nifty and Sensex update today, 14 May at 7.45 am IST
Asian markets are mostly trading in the green on Friday morning tacking the positive cues from the US markets. Nikkei and Hang Seng are trading higher by 1.45 percent and 0.26 percent respectively. Shanghai is also trading almost flat at this moment. SGX Nifty is up by 159 points and trading at 14,667 levels. The indication getting from the Asian markets is positive for the Nifty and Sensex today.
The US markets climbed on Thursday snapping a three-day losing streak. Nasdaq was up by 0.72 percent as technology stocks regained some ground after retreating earlier this week. Dow Jones and S&P 500 also gained 1.29 percent and 1.22 percent respectively on Thursday.
European markets closed mixed on Thursday, due to the fall in heavyweight miners after commodity prices tumbled. FTSE closed lower by 0.59 percent while CAC and DAX closed lower by 0.14 percent and 0.33 percent respectively on Thursday.
Indian markets closed lower on Wednesday ahead of domestic CPI and IIP data and fears of higher inflation in the US. Nifty and Sensex closed 1.04 percent and 0.96 percent respectively on Wednesday. Thursday Indian markets were closed on account of Id-Ul-Fitr. FIIs and DIIs both were sellers in the cash market on Wednesday. FIIs sold Rs 1260.59 crore while DIIs sold Rs 704.36 crores in the cash market on 12 May.
News that may impact the Nifty and Sensex today
India’s CPI inflation eased to 4.29 percent in the month of April, this is due to the fall in food price led by softening of vegetable prices. The CPI inflation was recorded at 5.52 percent in the month of March 2021.
The country’s factory output jumped in March. The Index of Industrial Production (IIP) data witnessed a growth of 22.4 percent in March. This is compared to the contraction of 3.6 percent in Feb 2021.
The WPI Inflation data is expected today at 10.30 am, country’s WPI rose 7.39 percent YoY in March 2021, increased from a 4.17 percent gain in the prior month. As per experts’ view, India’s WPI numbers are expected to come higher in April.
According to Dr. VK Paul, a member of Niti Aayog, India’s third vaccine Sputnik V will be available in the market next week. Dr. Paul also said that over two billion doses of the Covid-19 vaccine will also be available in the country between August and December this year.
Today’s quarterly results- Larsen & Toubro, Dr. Reddy’s Lab, Cipla, Balkrishna Industries, Aditya Birla Capital, The Anup Engineering, Cholamandalam Financial Holdings, Escorts, Gokaldas Exports, Greenpanel Industries, etc
You can visit again to read more about the Nifty and Sensex update today after the market gets open.
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