Stock Market Live: Sensex, Nifty trading flat | IT, Banks in focus

 

Stock Market Live Today 24 March 2023: It was almost flat opening for the Indian stock markets on Friday amid mixed global cues. The Nifty index opened flat at a 17076.20 level while Sensex made a slightly lower opening of 34.62 points at 57890.66 levels. Soon after opening markets slipped and are trading volatile in a tight range. 

The market sentiment was downbeat due to the concern that interest rate hikes by several central banks around the globe could slow down economic growth. At present, the Sensex and Nifty are trading near their crucial 58K and 17100 levels, respectively.

Traders are also concerned amid foreign fund outflows. The provisional data from exchanges showed that FIIs were net sellers to the tune of Rs 995 crore in the cash markets on March 23. 

Meanwhile, the rupee slipped by 4 paise to 82.24 against the US dollar in early trade on Friday amid a stronger dollar in the overseas markets and losses in domestic equities.

 

Stock Market Live Today 

 

Stock Market Live at 12.25 pm IST, the Indian stock market indices, Sensex and Nifty are trading slightly higher by 0.19 percent and 0.09 percent respectively. The Bank Nifty is trading almost flat, slightly up by 0.31 percent at 12.25 pm IST. The broader markets are underperforming their larger peers, as the Nifty midcap and smallcap indexes are trading lower by 0.38 percent and 0.54 percent respectively.

Among the sectors, the IT, Bank, and Financial Services sectors are trading higher while the Metal, Realty, and  Media sectors are trading in the red at this moment.

The top-gaining stocks in the Nifty 50 index are Apollo Hospital, Infy, and TCS and the top losing stocks are Adani Enterprise, Hindalco, and Bajaj Finserve

The most active stocks in NSE in terms of value are HDFC Bank, Adani Enterprise, and ICICI Bank, and in terms of volume are Tata Steel, ICICI Bank, and HDFC Bank.

 

Global Stock Markets

 

On the global front,  Asian markets were mostly closed in the red on Friday despite positive cues from Wall Street. Shanghai index is trading in red while Nikkei and Hang Seng closed lower on the last day of the week. The latest data showed Japan’s core inflation comes in at 3.1% for February, marking the first time in 14 months that the pace of inflation has slowed.

 

Also, read  Share Market Books in Hindi | शेयर मार्किट हिन्दी बुक्स 

                  Trade Setup for Friday 24 March: Stock Market News

                    

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Editor’s Desk