Stock Market Live: Indices trading higher ahead of CPI and IIP data

 

Stock Market Live: Indian stock markets opened marginally higher on Wednesday amid mixed global cues. The Nifty index opened at 17759.55, up by 37.2 points while Sensex opened slightly higher by 22.48 points at 60180.20 levels. The domestic markets are trading slightly higher as investors are cautious ahead of CPI inflation and IIP data, which are due later in the day.

There are expectations that the retail inflation in the month of March eased to 5.7% from 6.44% in February. Markets added some strength and are trading firm in early deals with Sensex and Nifty trading above their physiological levels of 60,200 and 17,750, respectively.

The continued Foreign fund inflows also aided the domestic sentiments. The National Stock Exchange`s ( NSE) provisional data showed foreign institutional investors (FII) bought shares worth a net of Rs 342.84 crore on April 11, Tuesday.

Meanwhile, investors awaited the kick-off of the fourth-quarter reporting season with Tata Consultancy Services (TCS) to report results in post-market hours.

 

Stock Market Live Today 

 

Market Live at 12 pm IST, the Indian stock market indices, Sensex and Nifty are trading slightly higher by 0.16 percent and 0.24 percent respectively. The Bank Nifty is trading higher by 0.26 percent at 12 pm IST. The broader markets are outperforming their larger peers, as the Nifty mid and smallcap indexes are trading higher by 0.57 percent and 0.71 percent respectively.

Among the sectors, Pharma, Auto, and IT sectors are trading higher while PSU Bank, FMCG, and Media sectors are trading in the red.

The top-gaining stocks in the Nifty 50 index are Divis Lab, Adani Enterprise, and Bajaj Auto and the top losing stocks are ONGC, Power Grid, and IndusInd Bank

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

 

Global Stock Market Today

 

On the global front, the other Asian stock market indexes are trading mostly higher on Wednesday ahead of the US inflation data which is due later in the day, and the bank’s quarterly earnings after recent banking turmoil. Traders further digested Japan’s producer price index and machinery orders report. 

However, investors become cautious as the International Monetary Fund (IMF), said that the global economy could be heading for the weakest growth since 1990, downgrading its outlooks for the coming years.

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