Nifty and Sensex Plunge: Metal, Bank, Financial Services Drag

 

Sensex and Nifty Today Sept 27, 2023: Indian stock market indices opened marginally lower on Wednesday, following the negative cues from Wall Street overnight. The Nifty index opened lower by 27.65 points at 19637.05 levels, while Sensex also opened lower by 19.83 points at 65925.64 levels. The Bank Nifty opened a gap-down at 158.3 points at the 44465.90 level.  

 

Sensex, Nifty Live Today 

 

Market Live at 9.30 am IST, the Indian stock market indices, Sensex and Nifty are trading lower by 0.32 percent and 0.28 percent respectively. The Bank Nifty is also trading lower by 0.35 percent at 9.30 IST. The broader markets are outperforming their larger peers, as the Nifty mid and smallcap indexes are trading higher by 0.30 percent and 0.42 percent respectively.

Among the sectors, the Pharma, and Realty sectors are trading higher while Metal, Banks, and Financial Services dragging the most.

The top-gaining stocks in the Nifty 50 index are Divis Lab, Dr. Reddy, Cipla, LTIM, and Sun Pharma and the top losing stocks are TechM, Titan, Bajaj Finance, TCS, and Tata Steel.

The most active stocks in NSE in terms of value are HDFC Bank, Reliance, and ICICI Bank in terms of volume  HDFC Bank, Tata Steel, and ONGC.

 

Asian Stock Market Live Updates Today

 

The other Asian stock market indexes are mostly trading lower on Wednesday following the negative cues from Wall Street overnight. Japan’s Nikkei trimmed early losses and is lower by 0.59 percent, while Australia’s S&P ASX 200 is trading lower by 0.29 percent, as the country’s CPI inflation rose 5.2% in August from 4.9% in July.

South Korea’s Kospi extended early losses and is trading lower by 0.44 percent. Shanghai and Hang Seng extended early gains and are trading higher by 0.33 percent and 1.01 percent respectively, as China’s Industrial profits improved in August compared to July, but remained in contraction. 

Elsewhere, the Straits Times, Taiwan, and SET Composite are trading lower while Jakarta is trading slightly higher at 9 a.m. IST.

 

If you like the post “Nifty and Sensex Plunge: Metal, Bank, Financial Services Drag” please share it with others

 

Also, read  Nifty and Bank Nifty Prediction for Tomorrow, Sept 27, 2023

                     Stock Market Prediction Next Week (25- 29 Sept 2023)     

                 

Happy Investing!

Editor’s Desk