Stock Market Live: Sensex, Nifty trading higher, Adani Ent top loser
Stock Market Live Today 3 Feb 2023: Indian stock market indexes opened higher on Friday, as indicated by the SGX Nifty in the morning. The Nifty index opened at 17721.75 levels, up by 111.35 points while Sensex made a positive opening by 417.77 points at 60350.01 levels. Indian markets erased most of their early gains and are trading marginally higher at this moment.
The domestic markets were trading optimistic in the morning deal on account of buying in beaten-down fundamentally strong stocks. The market also got some support, as the US-India Strategic and Partnership Forum (USISPF) said the innovative, bold, and stellar budget presented by Union Finance Minister Nirmala Sitharaman will take India to a stronger growth trajectory.
Meanwhile, the latest data showed that India’s services PMI index measured by S&P Global came slightly lower at 57.2 in January vs 58.5 in the previous month. Most of the gains got trimmed due to concerns over continued foreign fund outflows. Foreign institutional investors (FII) net-sold shares worth Rs 3,065.35 crore on Thursday, as per provisional data available on the NSE.
Stock Market Live Today
Market Live at 12 pm IST, the Indian stock market indices, Sensex and Nifty are trading higher by 0.47 percent and 0.27 percent respectively. The Bank Nifty is also trading higher by 0.37 percent at 12. pm IST. The broader markets are trading lower at this moment, as Nifty midcap and smallcap indexes are trading lower by 1.34 percent and 0.99 respectively at this time.
Among the sectors, Nifty Financial Services, Bank, and Auto are trading higher whereas Metals, Energy, and Realty are trading in the red. The top-gaining stocks in the Nifty 50 index at this moment are Titan, Bajaj Finance, and Bajaj Finserve and the top losing stocks are Adani Enterprise, BPCL, and Divis Labs,
Stocks in News Today
The share price of IndusInd Bank Jumped 4 percent on early trade on Friday, after the report that RBI has approved promoter Hinduja Group to increase its stake in the bank. The central bank has approved increasing the stake from 15.16 percent to 26 percent, according to a Business Line report. The share price of IndusInd Bank is currently trading at Rs 1093 per share
Likhitha Infrastructure is currently trading higher by 0.98% to Rs 222 per share, as the company bagged an order worth Rs 129.63 crore from GAIL (India) to laying a cross-country pipeline along the associated facilities in Nagpur
Inox Green Energy Services has entered a definitive investment agreement to buy a 51% stake in I-Fox Windtechnik Indian at Rs 35947.71 per share. I-Fox has a fleet of 230+MW majorly operating in South India. With this acquisition, the company entered into a multi-brand OEM wind turbine O&M business. The share price of Inox Green Energy is trading lower by 0.98% at Rs 46 per share
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