Indian Share Market live today: Nifty, Sensex trading flat, Metals, Auto and Banks trading higher

 

Market Live Today: Indian share market started with a positive note as indicated by the  SGX Nifty in the morning. The Nifty opened at 12023.45, made a positive opening of 52.4 points while Sensex opened at 41048.05 made a gap up opening of 253.35 points. The Bank Nifty on the spot levels added 45.7 points and opened at 23920.35.

At 10 am IST, Nifty and Sensex are trading almost flat whereas Bank Nifty is trading higher by 0.55% on the spot levels.

Tata Steel, ONGC, and NTPC are trading as the top gainers in the Nifty Index whereas Tech Mahindra, Wipro, and HCL Tech are trading as top losers. Infosys, TCS, and Wipro are trading as the most active stocks in the NSE today.

On a sectoral basis, Metals, Automobiles, and Banking & Finance are trading as the gainers whereas IT & Software, Oil & Gas, and Telecom sectors are trading lower.

 

SGX Nifty is trading higher, Indian share market may open positive today

 

Good morning and welcome to the Indian share market live today 15th October, 8.05 am IST

SGX Nifty and Shanghai are trading higher today whereas other Asian markets are trading in the red zone. Nikkei and Hang Seng are trading lower by 0.46% and 0.79% respectively whereas Shanghai is trading 0.39% higher. The SGX Nifty trend is indicating a positive opening for the Indian markets today. 

The US markets fell on Wednesday as there is a lack of consensus on a fresh stimulus package. The US market indices Dow and S&P 500 declined by 0.58% and 0.66% respectively while Nasdaq closed 0.80% lower on 14 October.

European markets closed flat to negative on Wednesday as surging coronavirus cases fears further lockdowns in the European continent. The market sentiments were also dampened due to the concern about the uncertainty over the Brexit trade deal. The European market indices FTSE and CAC closed marginally lower by 0.58% and 0.12% respectively whereas DAX gained 0.07% on 14 October. 

Back home in India, yesterday, the last hour rally finished the market in a positive zone. The Nifty and Sensex closed higher by 0.31% and 0.42% respectively on Wednesday. FIIs were the buyers and DIIs were the seller in the cash market yesterday. FIIs bought Rs 821.86 cr and DIIs sold Rs 1276.14 cr in the cash market on 14 October.

You can also read yesterday’s market updates here.

 

 

News that may influence the Indian share market live today

 

On loan moratorium hearing, the Supreme Court has asked the government to implement an ‘ interest waiver’ scheme at the earliest and come back with the appropriate action plan. The hearing adjourned till November 2.

As per the RBI quarterly data released yesterday, Bank Credit growth decelerates for the sixth successive quarter and at 5.7% in June 2020. Out of this industrial credit declined by 0.6% in June 2020 YoY, and its share in overall credit declined to 30.8% from 32.8% a year ago.

India’s second-largest software services provider Infosys reported a consolidated profit of Rs 4845 cr for September ended quarter as compared to Rs 4019 cr in the same period last year. The consolidated revenue from the operation increased to Rs 24570 cr in Q2FY21, up by 8.6% on a YoY basis. 

The operating profit also rose to Rs 6228 cr, a growth of 26.8% on a YoY basis. The Company Q2 FY21 result has beats street estimates. We may see some positive movement in this counter.

Today’s  quarterly results- South Indian Bank, Mind tree, Rane Brake Lining, Interactive Financial Services, Cyient, Trident, Chennai Ferrous, etc

 

You can read more share market live updates after the market gets open

You may also like to read Infosys and Maruti share price target for next week

 

Happy Investing !!

Editor’s Desk