Indian Stock market live news for 12 October

Stock market live news

Live Market News: Indian stock markets are trading higher

The Indian stock market opened positive today as indicated by the Asian market cues. The Nifty opened at 11973.55 and made a gap up opening of 59.35 points while Sensex opened at 40716.95 levels and added 207.46 points from the previous close. The Bank Nifty on the spot levels opened at 23955.60 made a positive opening of 108.8 points.

At 9.35 am IST, the Sensex and Nifty are trading higher by 0.64% and 0.60% respectively while Bank Nifty on the spot level trading 0.77% up.

Hindalco, Axis Bank, and ITC are trading as the top gainer in the Nifty index whereas Divis Lab, Hero Motorcorp, and Bajaj Auto are trading as top losers. Wipro, Reliance, and SBI are trading as the most active stocks in the NSE.

On a sectoral basis, Banking & Finance, Infrastructure, and FMCG sectors are gaining whereas the Metals & Minings and Automobiles sectors are trading marginally lower.

Indian stock market may open higher today

Good morning and welcome to the stock market live news updates, 12 October, 8 am IST

Asian markets are trading in the green except for Nikkei. The Japanese index Nikkei is trading marginally lower by 0.26% whereas Hang Seng and Shanghai are trading higher by 1.54% and 1.58% respectively. The SGX Nifty is also trading in the green today, up by 46 points or 0.38%. The market opening indication from the Asian markets is positive for the Indian stock market today.

The US markets gained last Friday as investors remained optimistic about another fiscal stimulus package before the November election. The US indices Dow and S&P 500 gained 0.53% and 0.88% respectively while Nasdaq closed higher by 1.39% on Friday, the last day of the week.

The European markets closed in the green on Friday on better-earning forecasts by retails and drugmakers. The European market indices FTSE and CAC gained 0.65% and 0.71% respectively while DAX closed almost flat 0.07% up on 9th October.

Back in India, stock markets closed in a positive note last Friday. The Sensex and Nifty gained 0.81% and 0.67% respectively. The FIIs were the seller and DIIs were buyers in the cash market segment. FIIs bought Rs 39.39 cr whereas DIIs bought Rs 126.61 cr in the cash market on 9th October.

News that can influence the stock market live today

Industrial production data for the month of August and CPI retail inflation data will be released today after the market. Traders may trade with a cautious approach ahead of the data.

According to the Reserve Bank of India’s weekly statistical data, India’s forex exchange reserve rose by $3.618 billion. The data is recorded during the week ended on 2nd October. It has increased $ 545.638 billion from the previous week’s $542.02 billion.

Today’s result- Wipro, Indbank Merchant Banking Services, Ind Bank Housing and Alexander Stamps, GNA Axles, Shalby will announce their quarterly earnings today.

You can also read more stock market related live news after the market gets open.