Stock Market Live: Nifty, Bank Nifty trading lower ahead expiry

 

Stock Market Live Today- 29 Dec 2022: Indian stock markets opened a gap-down on Thursday following negative cues from global markets. Nifty today opened at 18045.70 levels, down by 76.8 points while Sensex made a negative opening of 281.99 points at 60628.29 levels. Indian markets after opening lower extended their losses on the back of selling in Media, FMCG, and Realty stocks.

Other than the negative global cues, the domestic market sentiments are subdued amid foreign fund outflow. Foreign investors are selling continuously for the last few days, on Wednesday FIIs offloaded shares worth Rs 872.59 crore as per the provisional data available on NSE.

Some cautiousness came into the markets with RBI Monetary Policy Committee (MPC) Member Ashima Goyal’s statement that the government should not go in for an `aggressive fiscal consolidation` in the upcoming budget as global risks have not diminished. Global cues are weak with all the Asian markets trading lower following the broadly negative cues from the US overnight

 

Stock Market Live Today 

 

Market Live at 12.30 pm IST, the Indian stock market indices, Sensex and Nifty are trading lower by 0.51 percent and 0.57 percent respectively. The Bank Nifty is down by 0.43 percent at 12.30 pm IST. The broader markets are also trading lower at this moment, as Nifty midcap and smallcap indexes are trading lower by 0.84 percent and 0.46 percent respectively at this time.

Among the sectors, all sectoral indices are trading lower today. The sectors that are dragging down the markets are Nifty Realty, Media, and FMCG. The top gainers in the Nifty 50 index are ONGC, Bharti Airtel, and SBI and the top losers are Ultratech Cement, Hindalco, and Tata Consumer

 

Stocks in News Today

 

Ashoka Buildcon stock hit an intraday high of Rs 91.85 a share or 4.2 percent in the early trade as the company bagged Rs 775 crore order from Madhya Pradesh PoorvKshetra Vidyut Vitaran (MPPKVVCL). The share price of Ashoka Buildcon is trading at Rs 89.10 per share at this moment.

The power generation company JSW Energy is trading higher by 1.64 percent at Rs 288.55  on NSE at this time after the company announced that it had completed the acquisition of Ind-Barath Energy (Utkal) for a resolution amount of Rs 1,047.60 crore

KFin technologies made a flat debut on Dalal Street on 29 December at Rs 369. The company provides complete solutions to the capital markets ecosystem including asset managers and corporate issuers for all asset classes in India. The share price of KFin Technologies is trading at Rs 369.90 on NSE

 

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