Nifty trend for today 14 June- Morning Updates
Sensex and Nifty trend for today 14 June: Markets are trading lower
Market Live Today 14 June: The Indian market indices Sensex and Nifty trend for today morning are negative. The markets opened flat on Monday amid mixed cues from the global market peers. Nifty opened at 15791.40 levels, down by 7.95 points while Sensex opened slightly higher at 52492.34 levels, up by 17.58 points. The Bank Nifty spot price made a negative opening at 34936.55 levels, down by 110.85 points.
At 10 am IST, Sensex and Nifty are trading lower by 0.39 percent and 0.50 percent respectively. The Bank Nifty spot price is trading 1.06 percent down.
Infosys, Wipro, and Divislab are trading as the top gainers in the Nifty 50 index whereas Adani Ports, Coal India, and Hindalco are trading as the top losers. Adani Ports, Tata Steel, and Reliance are trading as the most active stocks at this moment.
On a sectoral basis, IT & Software and Oil & Gas are trading higher at this moment whereas Automobiles, Banks, Capital Goods, Real Estate and Financial sectors are trading in the red.
Sensex and Nifty trend for today
Good morning and welcome to the Sensex and Nifty trend for today 14 June, at 7.45 am IST
Asian markets are trading mostly in the red on Monday. Hang Seng and Shanghai are not trading today due to a holiday. Nikkei is trading 0.41 percent higher at this moment. SGX Nifty is 76 points down, trading at 15747 levels. The indication getting from the Asian market is negative today. Indian markets are likely to open in the red today.
The consumer sentiment in the U.S rose in early June while inflation expectations eased, as per the fresh data released on Friday. The US market indices S&P 500 and Dow Jones closed marginally higher by 0.19 percent and 0.04 percent respectively while Nasdaq gained 0.40 percent on Friday.
European market indices closed higher on Friday as the traders were optimistic by the European Central Bank’s decision to increase its pace of asset purchases despite rising inflation. European market indices, CAC and DAX closed higher by 0.83 percent and 0.78 percent respectively while FTSE gained 0.65 percent on Friday.
Indian stock markets finished higher on Friday amid positive cues from the global markets. The key indices Sensex and Nifty closed higher by 0.33 percent and 0.39 percent respectively. FIIs and DIIs both were buyers in the cash market segment. FIIs bought Rs 18.64 crores while DIIs bought Rs 666.36 crores in the cash market on Friday.
News that may impact the Sensex and Nifty trend for today 14 June
The country’s foreign exchange reserves rose to $605 billion for the week ended June 4, 2021, from $598 billion the week before. During the Covid-19 period, since March-end 2020 the reserves have risen by close to $130 billion.
According to the partial data released on Friday by the government, the IIP data stood at 126.6 points in April 2021. The IIP data was 54 points in April 2020 and 126.5 points in April 2019. The IIP had shrunk by 57.3 percent in the previous year due to national lockdown.
As per the partial data released on Friday post-market hours, the IIP growth was calculated 134.44 percent in the current year compared to the previous year. The high percentage is due to the low base effect. However, the IIP growth shows flat if we compare it with the 2019 IIP data
Traders need to be cautious as WPI will be announced during the market hours and the CPI number is expected today later today in the evening.
You can visit this page again to read more updates on the Sensex and Nifty trend for today after the markets get open.
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Happy Investing !!
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