Stock Market Live: Indices are trading flat looking for a direction

 

Stock Market Live Today 28 March 2023: Indian stock markets opened higher on Tuesday following gains from Asian peers and mixed cues from Wall Street overnight. The Nifty index opened at 17031.75 levels up by 46.05 points while Sensex made a positive opening of 97.64 points at 57751.50 levels. The domestic markets slipped after opening higher and are trading flat amid volatility.

The market sentiments were optimistic at the time of opening as fears of a global banking crisis once again eased following the latest developments in the sector and after three regional US Fed bank presidents said the U.S. banking system was not facing a liquidity crisis. 

However, markets are trading caution ahead of F&O expiry. Foreign fund outflows also dented domestic sentiments. Foreign investors are persistently selling shares in the Indian equity markets. On Monday FIIs were offloaded to the tune of Rs 890 crore. 

Meanwhile, traders took note of SBI Research in its latest Ecowrap report stating that the Reserve Bank of India (RBI) is expected to pause its interest rate hike and the current 6.5 percent repo rate could be the terminal rate for now.

 

Stock Market Live Today 

 

Market Live at 12 pm IST, the Indian stock market indices, Sensex and Nifty are trading almost flat. Sensex is trading slightly higher by 0.05 percent while Nifty is down by just 0.11 percent. The Bank Nifty is trading higher, up by only 0.08 percent at 12 pm IST. The broader markets are underperforming their larger peers, as the Nifty mid and smallcap indexes are trading lower by 0.56 percent and 0.74 percent respectively.

Among the sectors, Financial Services and Banking sectors are trading higher while the Media, Auto, and Oil & Gas sectors are currently trading in the red.

The top-gaining stocks in the Nifty 50 index are Hindalco, UPL, and Dr. Reddy and the top losing stocks are Adani Ports, Adani Enterprise, and BPCL.

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

 

Global Stock Markets

 

On the global front, the other Asian stock market indexes are mostly trading higher as the global banking crisis eased. European markets are heading for a positive opening on Tuesday, as sentiments have become positive after recent development in the banking sectors. Investors are in hope that recent market volatility has come to an end now. Dow and Nasdaq futures are also trading positively at this moment.

 

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

                    Trade Setup for Tuesday 28 March: Stock Market News

                    

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Editor’s Desk