Stock Market LIVE: Nifty trading near 17300, Sensex up 700 pts

 

Stock Market Live Today 31 March 2023: Indian stock market indexes opened a gap-up on Friday tracking positive cues from global markets. The Nifty index opened at 17210.35 levels, up by 129.65 points while Sensex made a higher opening of 313.77 points at 58273.86 levels. The domestic markets are trading in fine fettle above their psychological levels on the last trading session of the financial year 2022-23 (FY23).

Other than the positive global cues the sentiments were positive due to foreign investor’s inflow, The  National Stock Exchange’s (NSE) provisional data showed foreign institutional investors (FII) bought shares worth Rs 1,245.39 crore on March 29.

Sentiments got also boosted as the World Bank said India’s potential growth could benefit from the accelerated implementation of an already ambitious reform agenda. 

Adding more optimism, Commerce and Industry Minister Piyush Goyal said India was in the ‘bright spot’ amid a series of economic challenges faced by many countries. However, investors are looking ahead series of economic later in the day.

 

Stock Market Live Today 

 

Stock Market Live at 12 pm, the Indian stock market indices, Sensex and Nifty are trading slightly higher by 1.22 percent and 1.15 percent respectively. The Bank Nifty is trading higher, up by 1.40 percent at 12 pm IST. The broader markets are also trading higher, almost in line with their larger peers. The Nifty mid and smallcap indexes are trading higher by 0.92 percent and 1.70 percent respectively.

Among the sectors, all sectoral indices are trading higher. The sectors that are leading the rally at this moment are Energy, IT, and Bank

The top-gaining stocks in the Nifty 50 index are Reliance, Nestle, and ICICI Bank and the top losing stocks are Apollo Hospital, Sun Pharma, and HUL.

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

 

Global Stock Market Updates

 

On the global front, the other Asian markets are mostly trading higher following the broadly positive cues from the US and European markets overnight. Investors cheered due to easing concerns over turmoil in the banking sector which has reduced fears about risks to economic growth.

Europen stock markets are likely to open in green today. The US futures Dow and Nasdaq futures indexes are trading marginally higher at this time.

 

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

                    Trade Setup for Friday 31 March: Stock Market News

                             

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