Market Live 23 Dec: Indian stock markets are trading higher, IT stocks are in focus

 

Indian stock market opened flat as expected in the morning. The Nifty opened at 13473.50 level, up only 7.2 points while Sensex made a positive opening of 65.61 points and opened at 46072.30. The Bank Nifty on the spot level made a negative opening of 65.2 points and opened at 29560.75 levels.

At 10 am IST, Nifty and Sensex are trading marginally higher by 0.44% while Bank Nifty on the spot level is trading 0.18% up.

Wipro, Cipla, and Infosys are trading as the top gainers in the Nifty index whereas ONGC, HDFC, and Axis Bank are trading as the top losers. Infosys, Wipro, and HCL Tech are trading as the most active stocks in the NSE at this moment.

On a sectoral basis, IT & Software, Consumer Durables, Capital Goods, and Auto sectors are trading higher whereas the Oil & Gas sector is trading marginally lower.

 

Indian stock market may see a flat opening today

 

Good morning and welcome to the stock market live today, 23 Dec at 8.10 am IST

Asian markets are mostly trading in the green today. Nikkei and Hang Seng are trading higher by 0.13% and 0.09% respectively while Shanghai is trading 0.68% up. The SGX Nifty is trading 55 points down today. Indian stock market may see a flat opening today.

The US market index Dow Jones and S&P 500 slipped on Tuesday as investors are concerns about elevated Coronavirus infection levels in the US and a new strain of the virus in Europe. Dow and S&P 500 declined 0.67% and 0.21% respectively whereas Nasdaq gained 0.51% on 22 December.

European stock markets gained on Tuesday as the approval of a US stimulus package overshadowed worries of a further dent to the global economy from a new coronavirus strain in the UK. The European market indices CAC and DAX gained 1.36% and 1.30% respectively while FTSE closed higher by 0.57% on Tuesday.

Indian stock market bounced back on Tuesday after a sharp fall. The Nifty and Sensex gained 1.03% and 0.99% respectively. FIIS were the buyers and DIIs were the seller on Tuesday. FIIs bought Rs 1153 crores while DIIs sold Rs 661.51 crore in the cash market segment on 22 December.

 

 

News that may impact the stock market live today 23 Dec

 

Drug developers Ocugen Inc and Bharat Biotech have signed a binding letter of intent (LOI) to co-develop Bharat  Biotech’s Covid-19 vaccine candidate, COVAXIN, for the United States market

India is likely to approve Oxford/AstraZeneca’s coronavirus vaccine for emergency use by next week after its local manufacturer submitted national data sought by authorities. Indian officials were in direct contact with their British counterparts over the Astra Zeneca shot and that there were strong indications an approval would come after Christmas as per the source Moneycontrol.com

You may visit this page again for more stock market live today after the markets get open.

 

You may also like to read, Nifty & Bank Nifty futures prediction for 23 Dec 2020

                                          Market Prediction- Nifty & Bank Nifty futures for 21-24 Dec

Happy Investing !!

Editor’s desk