Stock Market Live: Nifty trading above 17850, Sensex up 111 pts
Stock Market Live Updates Today 21 Feb 2023: Indian stock market indexes opened higher on Tuesday as indicated by the SGX Nifty in the morning. The Nifty index opened at 17905.80 levels, up by 61.2 points while Sensex made a positive opening of 78.89 points at 60770.43 levels. The domestic markets are trading comfortably above their neutral lines at this moment.
The market sentiments got boosted as credit rating agency Acuite Ratings and Research maintained India`s gross domestic product (GDP) growth estimate for FY23 at 7 percent. However, weakness in Asian markets capped the upside, as investors reacted to weak purchasing manager index reports from Japan and Australia and kept a close eye on the latest geopolitical developments.
Investors are also concerned, as Foreign investors turned sellers in the last two sessions. The foreign institutional investors net offloaded Indian equities to the tune of Rs 159 crore on February 20. The retail inflation for farm and rural workers rose to 6.85 percent and 6.88 percent, respectively, in January, mainly due to higher prices of certain food items.
Stock Market Live Today
Stock Market Live at 12 pm IST, the Indian stock market indices, Sensex and Nifty are trading marginally higher by 0.30 percent and 0.24 percent respectively. The Bank Nifty is trading higher by 0.36 percent at 12 pm IST. The broader markets are trading higher now, as Nifty midcap and smallcap indexes are trading higher by 0.30 percent and 0.14 respectively.
Among the sectors, Nifty Metals, Energy, and FMCG are trading higher whereas Realty, PSU Bank, and Media are trading in the red. The top gaining shares in the Nifty 50 index at this moment are NTPC, Tata Steel, and Adani Ports and the losing shares are Apollo Hospital, Bajaj Auto, and Coal India.
Stocks in News Today
NHPC has raised Rs 996 crore through unsecured, redeemable, non-convertible, no-cumulative, and taxable 7.59% AD series bonds on private placement. The share price of NHPC is trading higher by over 1% at Rs 39.45 per share
The share price of BEML rose more than 1% and is trading at Rs 1422 per share, as the company announced that it has signed the MoU with Delhi Metro Rail Corporation (DMRC) led SPV. The SPV is shortlisted for constructing the Bahrain Metro Rail Project Phase-1. The share price of BEML is trading
The Mumbai-based PSU Bank Central Bank of India has entered into a strategic Co-Lending Partners Partnership with M/s. Moneywise Financial Services in order to offer MSME Loans at competitive rates, subject to compliance with the applicable law(s) including the applicable guidelines issued by the Reserve Bank of India (RBI) The share price of Central Bank is trading flat at Rs 26.60 per share
G R Infraprojects was announced as L1 (lowest) bidder for two projects, for which tenders were invited by the National Highways Logistics Management. The projects include the development, operation, and maintenance of Ropeways from Gaurikund to Kedarnath and from Govind Ghat – Ghangaria – Hemkund Sahib in Uttarakhand on Hybrid Annuity Mode, with a cost of Rs 1,875 crore and 1,738 crore respectively. The share price of G R Infraprojects is trading almost flat down by 0.07% at Rs 1153 per share on NSE
Also, read Best Stock Market Books You Must Read-2023
If you like the post “Stock Market Live: Nifty trading above 17850, Sensex up 111 pts” please share it with others
Happy Investing!
Editor’s Desk
