Stock Market Live 23 Oct: Markets are trading higher, Nifty trading around 11950 levels.

 

Indian Stock Market opened in the green today amid positive Asian market cues. The Nifty opened at 11957.90  made a positive of 61.45 points while Sensex opened at 40728.39 made a gap up opening of 169.9 points. The Bank Nifty on the spot levels also added 185.05 points from the previous close and opened at 24669.20.

At 10 am IST, Nifty and Sensex are trading higher by 0.46% and 0.41% respectively while the Bank Nifty on the spot levels is trading 0.42% up.

Tata Motors, Tata Steel, and Adani Ports are trading as the top gainers in the Nifty index whereas Shree Cement, HUL, and GAIL are trading as the top losers. Reliance, Bajaj Finance, and Tata Steel are trading as the most active stocks in NSE

On a sectoral basis, Automobiles, Consumer Durables, and Infrastructure sectors are trading higher whereas FMCG, Real Estate, and Insurance sectors are trading marginally down 

 

Indian markets are expected to open in the green today

 

Good morning and welcome to the stock market live 23 Oct, 8.10 am IST

Asian markets are trading positive today. Nikkei and Shanghai are trading higher by 0.21% and 037% respectively while Hang Seng and SGX Nifty are trading flat to positive. Indian markets are expected to open higher amid positive Asian market cues today.

The U.S market closed higher on Thursday after economic data showed an improving economy. The investors are also hopeful about the negotiations in Washington for a fresh stimulus bill that could further support the economic recovery. The U.S market indices Dow and S&P 500 gained 0.54% and 0.52% respectively while Nasdaq was up by 0.19% on Thursday.

The European markets closed flat recovered their early losses after Britain’s Finance Minister Rishi Sunak announced a new stimulus measure in the UK. The European market indices CAC and DAX declined 0.05% and 0.12% respectively while FTSE closed higher by 0.16% on 22 October.

In India, the benchmark indices took a pause after four consecutive positive trading session. The Nifty and Sensex declined by 0.35% and 0.37% respectively on Thursday. FIIs were the buyers whereas DIIs were the seller in the cash market. FIIs bought Rs 1118.46 crore whereas DIIs sold Rs 2019.87 crores in the cash market on Thursday, 22 October.

 

 

News that may influence the Stock Market Live today 23 Oct.

 

The final U.S Presidential debate involving U.S President Donald Trump and his rival from the Democratic Party Joe Biden has started. This would be the last chance to convenience the voters ahead of the November 3 election

The U.S weekly jobless claims declined more than expected last week. The number of Americans filing new claims fell to 7,87,000 in the week ended 17 October.

Bharat Biotech’s Covaxin got approval for Phase III trials on 22 October. The approvals were given after assessing data from Phase I &II and the animal challenge study. The Phase III trials will start from next month across 19 cities in India.

Today’s quarterly result- Tech Mahindra, Nestle India, IDBI Bank, Yes Bank, Aarti Drugs, JSW Steel, ICICI Lombard, Persistent System, etc

 

You can more stock market live updates after the market gets open

You may also like to read, Nifty and Bank Nifty futures prediction for 23 Oct 2020

                                          Ultratech & JSW Steel Share Price target for next week

 

Happy Investing!!

Editor’s Desk