Market Live 22 Oct- Markets are trading lower, Pharma, Auto stocks down

 

It was a negative start for the Indian markets today as indicated by the global cues. The Nifty opened at 11890 levels made a negative opening of 47.65 points while Sensex opened at 40531.31 levels a gap down of 176 points. The Bank Nifty on the spot levels also made a gap down opening of 187.7 points at 24447.35 levels.

At 10 am IST, the Nifty and Sensex are trading lower by 0.26% and 0.20% respectively while Bank Nifty on the spot level is trading lower by 0.43%.

Bajaj Finserve, Britannia, and Bajaj Finance are trading as the top gainers in the Nifty index whereas Dr. Reddy, Cipla, and ICICI Bank are trading as the top loser. Reliance, Bajaj Finance, and Axis Bank are trading as the most active stocks in the NSE at this moment.

On a sectoral front, Capital Goods, Consumer Durables, IT & Software are trading marginally higher whereas Healthcare, Automobile, and Oil & Gas are trading in the red.

 

Indian stock market may open flat to negative today

 

Good morning and welcome to Stock Market live for 22 Oct at 8.15 am IST

Asian markets are trading in the red today. Nikkei and Hang Seng are trading lower by 0.78% and 0.33% while Shanghai is trading 1.23% down. The SGX Nifty trend is flat, 25 points down. The Indian market is expected to start on flat to negative notes today.

The U.S stock market closed marginally lower Wednesday as a negotiation over a fresh stimulus bill continued. The U.S markets indices Dow and S&P 500 fell 0.35% and 0.22% while Nasdaq declined 0.28% on Wednesday.

The European markets closed lower on Wednesday for the third straight session due to profit booking in healthcare and construction stocks. The European indices CAC and DAX fell 1.53% and 1.41% respectively while FTSE was down 1.91% on 21 October.

Indian markets closed higher amid last hour volatility in the market. The Sensex and Nifty gained 0.40% and 0.34% respectively on Wednesday. The FIIs were the buyers whereas DIIs were the seller in the cash market on Wednesday. FIIs bought Rs 2108.48 crores while DIIs sold Rs 1633.53 crores in the cash market segment on 21 October.

 

 

News that may influence the stock market live on 22 Oct

 

As per the Finance Ministry Official, the Indian government is working on the next stimulus package to support the economy amid a decline in coronavirus cases in Indian.

The Reserve Bank Governor Shaktikanta Das  said the country is at the doorstep of economic revival and it is very important that the financial entities have adequate capital to support the growth. Satkikanta Das has said this in the event on 21 Oct, Wednesday.

The US on Wednesday designated six Chinese media outlets as foreign missions, terming them as “propaganda outlets controlled” ruling Communist Party of China. The new restriction on Chinese media by the US will further escalate the tension between the two world’s largest economy.

Today’s result- Bajaj Auto, Asian Paints, HDFC Asset Management Company, Bharti Infratel, SBI Cards and Payment Services, Hexaware Technologies, etc

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Happy Investing !!

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