Stock Market Live 18 Dec: Markets are trading lower today, Banking stocks down IT sector trading higher

 

Market Live 18 Dec at 9.45 am: It was a positive start for the Indian stock market today as indicated by the SGX Nifty in the morning. Nifty opened at 13764.40 levels, up by 23.7 points while Sensex made a positive opening of 135.65 points and opened at 47026.02 level. The Bank Nifty on the spot level opened almost flat at 30841.85 levels, down by 5.2 points only.

At 9.45 am IST, Nifty and Sensex are trading marginally lower by 0.22% and 0.18% respectively while Bank Nifty on the spot levels trading 0.84% down.

Infosys, HCL Tech, and Wipro are trading as the top gainers in the Nifty index whereas ONGC, Tata Motors, and HDFC are trading as the top losers. Infosys, TCS, and Bajaj Finance are trading as the most active stocks in the NSE at this moment.

On a sectoral front, only IT & Software, Retail, and Aviation sectors are trading positive whereas Banking & Finance, Metals, and Oil & Gas are trading in the red.

 

Indian stock market may see a positive opening today

 

Good morning and welcome to the stock market live today, 18 Dec at 8 am IST

Asian markets are trading mixed today. Hang Seng and Nikkei are trading lower by 0.61% and 0.17% respectively whereas Shanghai is trading almost flat. The SGX Nifty is trading 25 points up at this moment. The SGX Nifty is indicating a positive opening for the Indian stock market today.

The US indices jumped on Thursday on an increased optimism over a coronavirus stimulus bill. The markets gained even after the unexpected rise in weekly jobless claims that pointed to further economic stress from the pandemic. The US market indices Dow and S&P 500 gained 0.49% and 0.58% respectively while Nasdaq climbed 0.84% on Thursday.

European markets were ended mixed on Thursday. The European index FTSE declined marginally by 0.30% while CAC and DAX closed higher by 0.03% and 0.75% respectively. The Bank Of England (BOE) has kept all policy rates unchanged in its last meeting of the year 2020

Indian stock markets closed higher on Thursday amid mixed cues from the Asian peers. Nifty gained 0.42% and Sensex was up by 0.48% on 17 December. FIIs were the buyers and DIIs were the seller in the cash market segment. FIIs bought Rs 2355.25 crores whereas DIIs sold Rs 2494.36 crore in the cash market on Thursday 17 December.

 

 

 

 

 

 

 

 

 

News that may influence the stock market live today

 

The number of workers in the United States seeking unemployment benefits increased to three months high. As per the Labour Department, the Unemployment benefits claims rose for the second straight week to 885000 in the week ended 12 December. This shows another sign that the US economy is entering a winter slowdown due to the rise in coronavirus cases.

RBI will conduct the third auction of state developments loans (SDLs) aggregating Rs 10,000 crore under the Open Market Operation on 23rd December.

You can visit this page again to read more on the stock market live today after the market gets open.

 

You may also like to read, Nifty and Bank Nifty futures prediction for 18 Dec 2020

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Happy Investing!!

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