Indian Stock Market Live Updates Today, 18 Jan 2021
Indian Stock Market live today 18 Jan: Sensex and Nifty are trading lower, UPL is trading as the top gainer
Market Live 18 Jan at 9.55 am IST: It was a flat opening for the Indian stock market today amid mixed global cues. Markets fell immediately after opening marginally higher today. Nifty opened at 14453.30 level, up only 19.6 points while the Sensex opened at 49061.22 levels made a slightly positive opening of 26.55 points. Bank Nifty on the spot price also made a positive opening of 28.35 points at 32275.15 level.
At 9.55 am IST, Sensex and Nifty are trading lower by 0.42% and 0.54% respectively while the Bank Nifty on the spot is trading marginally higher by 0.18%
UPL, HDFC Bank, and SBI are trading as the top gainers in the Nifty index whereas Hindalco, Tata Steel, and Power Grid are trading as the top losers. HDFC Bank, Tata Motors, and Bajaj Finance are trading as the most active stocks in the Nifty index at this moment.
On a sectoral front, except Banks, other sectors are trading lower today. Metals, Automobiles, Healthcare sectors are trading in the deep red at this time.
Indian stock market may open flat today
Good Morning and welcome to the Indian Stock Market live updates for today 18 Jan, 8.05 am IST
Asian markets are trading mixed today. Nikkei is trading lower by 0.76% whereas Hang Seng and Shanghai are recovered from day’s low and trading higher by 0.39% and 0.19% respectively today. SGX Nifty is trading 29 points down today. Indian stock market may open flat today as per the indication getting from the Asian markets.
The US markets closed lower on Friday as several Banks in the US reported their fourth-quarter results. Investors traded cautiously ahead of the fourth-quarter results of top banks in the US. The US market index Nasdaq and S&P 500 closed lower by 0.87% and 0.72% respectively while Dow fell 0.57% last Friday.
The European markets slipped on Friday as the investors worried about the tighter lockdowns, slow progress of vaccination in the continent, and the resurgence of coronavirus cases in China. The European market index FTSE fell 0.97% while CAC and DAX closed lower by 1.22% and 1.44% respectively on Friday.
Indian stock market fell on the last day of the week and erased most of its weekly gains on 15 January. Nifty and Sensex declined by 1.11% on Friday. FIIs were the buyers and DIIs were the sellers in the cash market. FIIs bought Rs 971.6 crores while DIIs sold Rs 942.07 crores in the cash market segment.
News that may impact the Indian stock market live updates today
Indian Bank credit grew by 3.2% to Rs 107.05 lakh crore first time in FY21 against a growth of 2.7% registered in the previous year. Bank deposit rose 8.5% to Rs 147.27 lakh crore in the April-Dec 2020 period as compared to 5.1% a year ago as per the data released by the RBI
As per the RBI data released on Friday, the country’s forex reserves increased by $758 million to reach a record high of $586.082 billion in the week ended 8 January. India’s forex reserve had increased by $4.483 billion to $585.324 billion in the previous week ended 1 January.
HDFC Bank reported an 18.1% rise in its net profit for Q3FY21 to Rs 8758.3 crore. Bank’s Net Interest Income (NII) increased to 15.1% to Rs 16317.6 crore. HDFC Bank’s Q3 results beat street estimates.
You can visit this page again for more Indian stock market updates for today 18 Jan after the markets get opened.
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