Stock Market Live Today at 12.30 pm IST: Indian stock markets opened flat on Wednesday amid mixed global cues. Nifty today opened flat at 18230.65, down only 1.9 points from the previous close while Sensex made an absolute flat opening at 61294.65 levels. The domestic markets turned negative and trading around a 1% cut at this moment.
The domestic markets tried to recover their losses but failed to do so and extended their losses in early deals following the losses in Asian peers. Indices are trading lower with a cut of around 0.70% each amid foreign fund outflows. Foreign institutional investors (FII) sold shares worth Rs 628.07 crore on January 3, as per provisional data available on the NSE.
Meanwhile, the market participants have ignored the Indian Services PMI data for December. India’s Services sector growth increased at the highest level in the last 6 months due to robust demand.
Stock Market Live Today
Market Live at 12.30 pm IST, the Indian stock market indices, Sensex and Nifty are trading lower by 0.96 percent and 0.97 percent respectively. The Bank Nifty is down by 1.06 percent at 12.30 pm IST. The broader markets are trading lower in line with their larger peers at this moment, as Nifty midcap and smallcap indexes are trading lower by 1.16 percent and 1.15 respectively this time.
Among the sectors, all sectoral indices are trading in the red. The sectors that dragged down the markets are Realty, Nifty PSU Bank, and Metal. The top Nifty 50 gainers at this moment are Divis Labs, HDFC life, and Ultratech Cement while the top losers are Hindalco, JSW Steel, and Coal India.
Stocks in News Today
Orient Cement’s share price jumped to 6.45 percent at Rs 140.20 per share, after the Adani Group is in talks to acquire a stake in the company. The owner of Orient Cement could explore divesting their stake to fund the company’s future growth plan or use it to fund the restructured long-term debt plan.
Allcargo Logistics’ wholly owned step-down subsidiary viz, AGL N.V. has entered into a share purchase agreement with Atlas Global Trading F.Z.C. (UAE) to acquire a 100% stake in Asiapac Equity Investment Ltd (Hong Kong). The share price of Allcargo Logistics is trading higher by 1.51 percent at Rs 409.10 per share
Equitas small finance bank rose by 1.58 percent and is trading at Rs 131.45 per share after the bank announced that RBI approves the acquisition of about 9.99 percent stake by SBI MF
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