Market Live Today: Sensex trading above 60K, Nifty up 82 pts
Stock Market Live Today 10 April 2023: The Indian stock markets opened higher on Monday following the positive global cues. The Nifty index opened higher by 35.75 points at 17634.90 levels while Sensex made a positive opening of 26.01 points at 59858.98 levels.
Domestic equity market indices are trading above their neutral lines with decent gains. The upside remains capped as investors are cautious ahead of earnings season that will kick start with TCS reporting its quarterly numbers on April 12. Investors are also concerned as Monsoon is expected to be below normal to the tune of 94 percent as per Skymet.
Traders were also restrained from taking any long position ahead of upcoming macro-economic IIP data, CPI & WPI inflation, and exports & imports for more directional cues.
However, the markets are trading on positive territory as Commerce and industry minister Piyush Goyal said India`s merchandise exports touched $447 billion in FY23, up from $442 billion in FY22. This would translate into a 6 percent year-on-year jump in exports.
Stock Market Live Today
Market Live at 12.30 pm IST, the Indian stock market indices, Sensex and Nifty are trading higher by 0.41 percent and 0.47 percent respectively. The Bank Nifty is trading almost flat at 12.30 pm IST. The broader markets are trading in the green, as the Nifty mid and smallcap indexes are trading higher by 0.45 percent and 0.08 percent respectively.
Among the sectors, Realty, Auto, Oil & Gas, IT, and Metals are trading higher. The sectors that are trading lower at this moment are Banking, FMCG, and Financial Services
The top-gaining stocks in the Nifty 50 index are Tata Motors, ONGC, and Adani Enterprise and the top losing stocks are Bajaj Finance, Asian Paints, and Tata Consumers
The most active stocks in NSE in terms of value are Tata Motors, HDFC Bank, and ICICI Bank, and in terms of volume Tata Motors, ICICI Bank, and Tata Steel
Global Stock Markets
On the global front, Asian stock markets are mostly trading higher, while the dollar started the week on the front foot after the U.S. monthly jobs report showed a tight labor market. The jobs report suggested that the Federal Reserve will again raise interest rates in its next month meeting. European, Australian, and Hong Kong stock markets are closed today on account of the Easter Holiday.
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Trade Setup for Monday 10 April: Stock Market News
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