Market Live: Indices trading higher, Bank Nifty up 500 pts
Stock Market Live Today 11 April 2023: Indian stock market indexes opened higher on Tuesday amid positive global cues. The Nifty index opened at 17704.80 levels up by 80.75 points while Sensex made a positive opening of 182.09 points at 60028.60/ The domestic markets extended their early gains in the morning deals.
Sensex and Nifty are trading near their physiological levels of 6oK and 17,700, respectively. Sentiments also got a boost due to institutional buying as foreign investors bought shares worth Rs 882.52 crore and DIIs bought Rs 351.50 crore on April 10
Traders took some encouragement as India Ratings said the share of combined capex of states in the GDP may improve marginally to 2.8% in FY24 from 2.5% in FY23.
However, traders overlooked the report that a private weather forecaster predicted a ‘below normal’ monsoon in India in 2023 on account of El Nino conditions, MET department weather report expected at 12.30 pm today. Investors keeping eye on the crucial economic data earnings announcements scheduled during the week. In stock-specific developments
Stock Market Live Today
Market Live at 12 pm IST, the Indian stock market indices, Sensex and Nifty are trading higher by 0.32 percent and 0.35 percent respectively. The Bank Nifty is trading higher by 1.16 percent at 12 pm IST. The broader markets are trading in line with their larger peers, as the Nifty mid and smallcap indexes are trading higher by 0.22 percent and 0.30 percent respectively.
Among the sectors, barring IT all other sectoral indices are trading higher, with Banking, Financial Services, Metal, and Energy gaining the most.
The top-gaining stocks in the Nifty 50 index are Kotak Bank, JSW Steel, and Eicher Motors and the top losing stocks are Infy, TCS, and Asian Paints
The most active stocks in NSE in terms of value are HDFC Bank, ICICI Bank, and Kotak Bank, in terms of volume ICICI Bank, Tata Steel, and SBI
Global Stock Market Updates
On the global front, Asian stock markets are mostly trading higher tracking positive cues from US markets. Japan`s Nikkei rallied after the new Bank of Japan (BOJ) Governor Kazuo Ueda vowed to maintain the bank`s ultra-loose monetary policy.
Meanwhile, China`s consumer inflation eased last month despite a pickup in economic activity, while the Bank of Korea kept the interest rates unchanged, in line with expectations
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