Stock Market Live: Indices trading slightly higher ahead of expiry
Stock Market Live Today 29 March 2023: Indian stock market indexes opened mixed on Wednesday following the positive cues from Asian markets. The Nifty index opened at 16977.30 levels, up by 25.6 points while Sensex made a slightly lower opening of 41.64 points at 57572.08 levels. Soon after opening Sensex turned positive and both the benchmark indices are trading higher above their neutral lines.
Domestic investors are motivated, as FIIs were the buyers on Tuesday. The National Stock Exchange’s provisional data showed that foreign institutional investors (FII) bought shares worth Rs 1,531.13 crore on March 28.
Sentiments got a boost as Commerce and Industry Minister Piyush Goyal said the country`s merchandise and services exports are estimated to cross $760 billion in the current fiscal ending March 31.
However, the upside remained capped amid mixed global cues as the investor’s mood remains cautious, and are awaiting further updates on the health of the banking sector, and looking ahead to some crucial economic data for direction. Volatility to remain in the markets ahead of the monthly expiry of the F&O series on Wednesday.
Stock Market Live Today
Market Live at 11.30 am IST, the Indian stock market indices, Sensex and Nifty are trading slightly higher by 0.07 percent and 0.12 percent respectively. The Bank Nifty is trading higher, up by 0.57 percent at 11.30 am IST. The broader markets are outperforming their larger peers, as the Nifty mid and smallcap indexes are trading higher by 0.75 percent and 0.99 percent respectively.
Among the sectors, Media, Metals, and Auto sectors are trading higher while the Energy and IT sectors are currently trading in the red.
The top-gaining stocks in the Nifty 50 index are Adani Enterprise, Adani Ports, and Hero Motors and the top losing stocks are UPL, Reliance, and BPCL.
The most active stocks in NSE in terms of value are HDFC Bank, Adani Enterprise, and ICICI Bank, and in terms of volume Tata Steel, ICICI Bank, and Adani Ports
Global Stock Markets
Asian stock markets are trading mostly higher as Hong Kong-listed Alibaba shares jumped after the Chinese tech giant announced it will split into six business groups. The Shanghai index is down while Japan’s Nikkei is trading higher.
European stock markets are likely to open slightly higher on Wednesday, as investors are still cautious about the health of banking sectors. The US future indexes, Dow and Nasdaq futures are trading higher at this moment.
Also, read Share Market Books in Hindi | शेयर मार्किट हिन्दी बुक्स
Trade Setup for Wednesday 29 March: Stock Market News
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