Stock Market Live Updates Today 16 April 2021
Market Live Today 16 April: Indian stock markets are trading higher, IT stocks are in focus, Wipro trading as top gainer
Market Live Today 16 April: Indian stock market opened flat to the positive notes as indicated by the Asian market peers. Nifty opened at 14599.60 levels, up by 18.15 points while Sensex made a positive opening of 132.06 points at 48935.74 levels. The Bank Nifty on the spot price opened at 32161.45 levels, up by only 48.6 points from the previous close.
At 9.55 am IST, Sensex and Nifty are trading higher by 0.44 percent and 0.57 percent respectively while Bank Nifty on spot price is trading 0.35 percent up
Wipro, Asian Paints, and Ultratech Cement are trading as the top gainer in the Nifty50 index whereas Reliance, ICICI Bank, and Sun Pharma are trading as top losers. The most active stocks in the Nifty 50 index at this moment are Wipro, Tata Motors, and Infosys.
On a sectoral front, barring Oil & Gas sector all other sectors are trading higher at this moment. IT & Software, Automobiles, Capital Goods and Telecom sectors are supporting the key indices to trade higher.
Indian stock market may open flat today
Good morning and welcome to the Indian stock market live updates today, 16 April at 7.50 am IST.
Asian markets are mostly trading in the green today tracking overnight cues from US markets. Shanghai is trading marginally higher by 0.16 percent whereas Hang Seng and Nikkei are trading almost flat to the positive. The SGX Nifty is trading 22 points down. Asian markets indicate a flat opening for the Indian stock market today.
The US market indices closed higher on Thursday on a strong earnings report and improved Jobless claim and retail sales data. The US market indices Dow and S&P 500 gained 0.90 percent and 1.11 percent respectively while Nasdaq was up by 1.31 percent on Thursday.
The European market closed at a record high on Thursday as a rally in commodity prices lifted the mining stocks. The upbeat quarterly corporate earnings reports offset worries about the pace of Coronavirus vaccinations. The European market index FTSE gained 0.63 percent while CAC and DAX closed higher by 0.41 percent and 0.30 percent respectively on Thursday.
Indian stock markets closed higher on Thursday amid mixed global cues. The Sensex and Nifty gained 0.53 percent. FIIs were buyers and DIIs were sellers in the cash market segment. FIIs bought Rs 979.70 crores whereas DIIs sold Rs 526.63 crores in the cash market segment on Thursday.
News that may impact the Indian stock market live today, 16 April
As per RBI data showed on Thursday, Indian companies outward foreign direct investment in March 2021 nearly halved to USD 1.93 billion ( around Rs 14495 crores). Domestic firms had invested USD 3.86 billion as an outward foreign direct investment (OFDI) in the same period last year 2020. Last month in February 2021 the OFDI was nearly the same at USD 1.95 billion
The US unemployment claims fell to the lowest level since the pandemic struck last year. As per the labor department on Thursday, the US jobless claim fell to 576,000 last week from 769,000 a week earlier, this is the lowest since March 2020.
The Commerce Department of Thursday said that the US retail sales rose nearly 10 percent as consumers used their government relief checks and more vaccinated people visited stores in the last month.
Indian export surged by 60.29 percent to a monthly record high of USD 34.45 billion in March, even as the outbound shipments contracted 7.26 percent during the 2020-21 fiscal to USD 290.63 billion. Import grew by 53.74 percent to US 48.38 billion in March, dipped by 18 percent to USD 389.18 billion during 2020-21.
The Trade deficit during March 2021 widened to USD 13.93 billion from USD 9.98 billion in March 2020. However, during the full fiscal, it narrowed to USD 98.56 billion against USD 161.35 during 2019-20.
You can more updates about the Indian stock market live today 16 April after the markets get open.
You may also like to read, Nifty & Bank Nifty prediction for tomorrow 16 April 2021
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Happy Investing !!
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