Today’s stock market live updates, Nifty, Sensex are trading marginally lower
Indian markets opened in the red as global cues are negative. The Nifty opened at 11539.40 levels made a gap down opening of 65.15 points while Sensex opened at 39120.64 a negative opening of 182.21 points. The Bank Nifty on spot levels opened at 22352 also made a gap down opening of 221.55 points.
At 10 AM IST, the Nifty and Sensex are trading lower by 0.36% and 0.40% respectively while Bank Nifty trading 0.95% down.
HCL Tech, Zee Entertainment, and Tech Mahindra are trading as top gainers in the Nifty index whereas Hindalco, ICICI Bank, and Power grid corp are trading as top losers today. Dr. Reddy’s Lab, Reliance, and HCL Tech are trading as the most active stocks in the NSE.
IT & Software and OIl & Gas sectors are trading marginally higher whereas Banking & Finance, Infra and Power sectors are trading lower
Indian markets are expected to open in negative
Good morning and welcome to today’s stock market live updates NSE/BSE at 8.45 AM IST
Asian markets are trading in the red even after the Fed Reserve decided to keep the interest zero. The Nikkei and Hang Seng are trading lower by 0.74% and 1.35% respectively. The SGX Nifty is also trading 88 points or 0.76% down today. Today the Indian stock market may open in the red.
The US markets mostly closed lower Wednesday. The Fed Reserve said that it would hold interest rate near zero until 2023 but also indicated the risk to the economy remains. The Dow index closed higher by 0.13% whereas the S&P 500 and Nasdaq declined 0.46% and 1.25% respectively on Wednesday.
European stock markets closed in mixed even after retail stocks rallied on Wednesday. Investors were cautious ahead of the Fed Reserves meeting outcome. FTSE down by 0.44% while CAC and DAX closed higher by 0.13% and 0.29% respectively on 16th September.
Indian markets NSE/BSE closed in the positive notes on Wednesday. Nifty and Sensex closed higher by 0.72% and 0.66% respectively. FIIs continue their buying spree in the cash markets while DIIs were sellers yesterday. FIIs bought Rs 264.66 crores while DIIs sold Rs 212.21 crores on 16th September.
You can also read yesterday’s details market updates here.
News that can influence today’s stock market live
The Fed Reserve yesterday said it would keep interest rates near zero until inflation is on track to overshoot the US central bank’s 2% target. Their expectation for economic growth and unemployment in 2020 have shown some results since the last meeting. They now expect GDP to contract 3.7% in 2020 as compared to the 6.5% contraction forecasted in June.
The US retail sales increased while auto sales were sluggish in August as per their government report on Wednesday. The US restaurants, bars, saw some business surges after the reopening in the month of August.
As per the Organisation for Economic Co-operation and Development (OECD) report the global economy is not doing as bad as it was previously expected. In the report, the world’s GDP is projected to decline by 4.5% this year less than the 6% contraction it had predicted in June. It is also expected that the global economy will rebound and grow 5% next year.
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