Market Live Today 12 July 2021- Sensex and Nifty are trading higher, Auto and IT stocks are in focus
Market Live Today 12 July 2021: Indian benchmark indices Sensex and Nifty opened higher today as expected. Nifty opened at 15766.80, up by 77 points while Sensex made a gap up opening of 248.14 points at 52634.33 levels. The Bank Nifty on the spot price levels also made a higher opening at 35285.05 levels, up by 213.1 points.
At 9.45 am IST, the Indian stock market key indices Sensex and Nifty are trading higher by 0.42 percent and 0.43 percent respectively. The Bank Nifty on the spot price is trading higher by 0.70 percent.
Ultratech Cement, TCS, and Maruti Suzuki are trading as the top gainers in the Nifty 50 index whereas HDFC Bank, Hindalco, and Bajaj Finserve are trading as the top losers. The most active stocks in the Nifty 50 index at this moment are Tata Steel, Tata Motors, and HDFC Bank.
On a sectoral basis, all sectors are trading higher at this moment. Automobiles, IT & Software, Banks, Capital Goods, and Construction materials are trading as the top gainers.
Sensex and Nifty are likely to open higher today
Good morning and welcome to the Sensex and Nifty live today 12 July 2021, at 8 am IST
Asian markets are trading higher on Monday. Nikkei and Hang Seng are trading higher by 2.22 percent and 0.65 percent respectively. Shanghai is also trading 0.81 percent higher at this moment. The SGX Nifty is up 64 points and trading at 15792 levels. The indication getting from the Asian market is positive today. Indian market indexes, Sensex and Nifty are likely to open higher today.
The U.S stocks registered new fresh record highs on Friday amid a broad-based rebound and Treasuries snapped the recent rally due to the concerns about global growth amid the spread of Covid-19 delta variants. The US market indexes, Dow and S&P 500 gained 1.30 percent and 1.13 percent respectively while Nasdaq was up by 0.98 percent on Friday.
European markets regained most of their previous sessions losses on Friday after Pfizer and BioNtech said the third dose of their existing vaccine would be “highly effective” against the delta variant. The statement of the above vaccine maker offset worries over the rising number of global Covid-19 variants. The European market indexes FTSE and DAX gained 1.30 percent and 1.73 percent respectively while CAC was up by 2.07 percent on Friday.
Indian stock markets closed lower on Friday amid negative cues from the Asian markets. The benchmark indices Sensex and Nifty closed lower by 0.35 percent and 0.24 percent respectively. FIIs were sellers and DIIs were the buyers in the cash market on Friday. FIIs sold Rs 1124.65 crore while DIIs bought Rs 106.55 crore in the cash market on 9 July.
News that may impact the Sensex, Nifty live today 12 July 2021
According to the RBI data showed on Friday, India’s foreign exchange reserves rose to a new high of $610.01 billion as of 2 July. In the previous week ended 25 June, the reserve had jumped by $5.066 billion to reach $608.999 billion.
Indian markets may trade cautiously ahead of retail inflation and Industrial data to be announced later today after market hours. Retail Inflation is expected to be higher due to the rise in food and crude oil price.
You may visit again to read more updates on Sensex and Nifty live today 12 July 2021, after the markets get open.
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Editor’s Desk