Live Index Updates: Nifty & Sensex are trading higher
BSE/NSE Live Index: Nifty & Sensex are trading higher
Indian market opened positive as indicated by the SGX Nifty in the morning. The Nifty opened at 11452.15, made a gap up opening of 66.8 points while Sensex opened at 38727.89 added 199.57 points from yesterday’s close. The Bank Nifty also opened higher at 22315.40 a gap up opening of 144.8 points.
At 10 AM, Nifty and Sensex indices are trading higher at 0.32% while Bank Nifty trading up by 0.65%.
Zee Entertainment, GAIL, and Hero Motorcorp are trading as top gainers whereas HCL Tech, UPL, and Nestle are trading as top losers in the Nifty Index. Reliance, Zee Entertainment, and ICICI Bank are the most active in Nifty index at 10 AM
On a sectoral basis, almost all major sectors are trading higher today. Banking & Finance, Automobiles, and Infrastructure sectors are leading gainers in NSE
Live Index, at 9.10 AM-The pre-opening session is indicating the market will open higher today. At 9.10 AM, Nifty and Sensex are at 0.59% and 0.52% higher.
Live Index Updates: Indian markets are expected to open in the green today
Good morning and welcome to BSE/NSE Live Index Updates for 19th Aug at 8.50 AM
Asian market indices are trading in the mixed today. Nikkei is trading higher at 0.22% while Hang Seng is up by 0.08% today. SGX Nifty is giving positive signals for the Indian markets. It is trading 19 points or 0.17% higher today.
In the US market yesterday, the S&P 500 and Nasdaq closed at all-time high despite the delay in the coronavirus stimulus package and Dow closed lower. The S&P 500 and Nasdaq gained 0.23% and 0.73% respectively whereas the Dow index slipped by 0.24% on Tuesday.
Yesterday, the European markets were traded in the green zone in the morning but profit booking Banking & Energy stocks dragged down the market. Traders are worried about the escalating tension between US-China even after the all-time high rally in S&P 500 and Nasdaq. FTSE and CAC closed 0.83% and 0.68% respectively while DAX was down by 0.30% on 18th August.
In India, Nifty and Sensex closed higher yesterday, Nifty gained 1.23% while Sensex closed up by 1.26% respectively. FIIs were buyers and DIIs sold in the cash market segment yesterday. FIIs bought Rs 1134.57 cr while DIIs sold Rs 379.38 cr in the cash market on Tuesday.
News that can influence today’s BSE/NSE Live Index
The International rating agency Fitch has forecasted over a 20% decline in the demand of auto sectors in current fiscal. This is due to the industry faces several challenges other than just pandemic related issues.
The US Bankruptcy Court has recognized the claim of Punjab National Bank (PNB) on the proceeds of any asset sold by the American debtors of Nirav Modi entities. It was a major win for the Ministry of Corporate Affairs (MCA) and PNB in the Nirav Modi case. PNB received the first tranche of the payment a few days ago.
On Tuesday RBI released a framework to set up a PAN-India umbrella entity focusing on the retail payment system. The entity will be governed by provisions of the PSS Act and other relevant status and directives, prudential regulations and other guidelines/instructions it stated
The government may speed up the process of reducing the government stake in state-owned banks within the current fiscal year. The four state-owned banks are Punjab & Sind Bank, Bank Of Maharastra, UCO Bank, and IDBI Bank.
On Tuesday, Reliance Industries said that it acquired a 60% stake in online pharmacy Netmeds for Rs 620 cr.
Today’s results- Muthoot Finance, CSB Bank, V2 Retail, Tide Water oil, Ruchi Soya, Ashapura Minechem, Asian Granito India, etc
You can visit this page after the market gets open for more BSE/NSE Live Index updates
You may also like to read, Trading Strategy- Nifty & Bank Nifty futures for 19th Aug
Happy Investing!!
Editor’s Desk
