Indian stock markets live updates today 17 Feb 2021
Indian Stock Market live today 17 Feb: Nifty trading below 15300, Sensex down 300 pts
Market live today 17 Feb at 9.50 am IST: It was a negative start for the Indian stock markets today as indicated by the other Asian market peers. Nifty opened at 15279.90 level, down by 33.55 points while Sensex made a gap down opening of 107.23 points at 51996.94 levels. The Bank Nifty on the spot price opened at 37041.95, down by 56.45 points.
At 9.50 am IST, Nifty and Sensex are trading lower by 0.52% and 0.60% respectively while Bank Nifty on spot price is trading 0.65% down.
Adani Ports, Hero Motor Corp, and NTPC are trading as the top gainers in the Nifty index whereas Nestle, BPCL, and TCS are trading as the top losers. Adani Ports, Reliance, and IndusInd Bank are trading as the most active stocks in the Nifty index at this moment.
On a sectoral front, the Insurance, Infrastructure, and Telecom sectors are trading higher whereas IT & software, FMCG, and Metals sectors are trading in the red at 9.50 am IST.
Indian stock markets may open negative today
Good morning and welcome to the Indian stock markets live today 17 Feb, at 8 am IST
Asian markets are mostly trading in the red today. Nikkei and Hang Seng are trading lower by 0.78% and 0.17% respectively. Shanghai is not trading today due to the Lunar new year holiday. SGX Nifty is trading 80 points down at 8 am IST. Indian stock markets may open in the red today as per the indication getting from the other Asian market peers.
The Dow Jones Industrial Average closed at a record high on Tuesday extended its rally for more hopes of fiscal stimulus and a successful vaccine rollout. The Dow index gained 0.20% while Nasdaq and S&P 500 declined 0.34% and 0.06% respectively on Tuesday.
European stock markets closed marginally lower on Tuesday even after a jump in mining, energy, and financial sectors. European market indices FTSE and DAX closed marginally lower by 0.11% and 0.32% respectively while CAC closed absolutely flat on Tuesday.
Indian stock markets erased all early gains and closed flat to negative on Tuesday. Nifty closed almost flat while Sensex fell 0.10% on 16 February. FIIs were the buyers and DIIs were the seller in the cash market segment. FIIs bought Rs 1144.09 crores whereas DIIs sold Rs 1559.53 crores in the cash market segment on Tuesday.
News that may impact the Indian stock markets live today 17 Feb
According to data analytics firm Nielsen, India’s FMCG industry recorded a value growth of 7.3% in the Oct-Dec end quarter. The growth is helped by consumption-led recovery during the festive period and an increase in sales from traditional as well as organized trade.
On Tuesday, Wall Street brokerage house Bank of America (BofA) Securities said that India’s GDP to contract 1% for the December end quarter. Almost all rating agencies and brokerage houses forecasted 0.40- 0.70% growth for the third quarter. Indian GDP had contracted 23.9% in the first quarter and 7.5% in the second quarter of the current fiscal.
You can visit this page again for more Indian stock markets live updates today 17 Feb, after the markets get open.
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