Sensex and Nifty today | Live Market Updates 18 March
Market Live Today 18 March: Sensex and Nifty are trading higher tracking positive global cues
Sensex and Nifty today, live updates: Indian stock market made a strong opening as expected in the morning due to positive global cues. Nifty opened at 14855.50, up by 134.2 points while Sensex made a positive opening of 359.63 points and opened at 50161.25 levels. The Bank Nifty on the spot price opened strong today at 34577.50 levels, up by 348.25 points.
At 9.50 am IST, Sensex and Nifty are trading higher by 0.79 percent and 0. 81 respectively. The Bank Nifty on the spot price is trading 1.48 percent up at this moment.
Hindalco, Tata Motors, and Bajaj Finance are trading as the top gainers in the Nifty50 index whereas Infosys, Dr. Reddy’s Lab, and Divis lab are trading as the top losers. The most active stocks at this moment in the Nifty50 index are Tata Motors, Bajaj Finance, and Infosys.
On the sectoral front, barring IT & Software all other major sectors are trading in the green today. IT & Software sector is trading marginally down at this moment. The sectors that are helping the Nifty index to trade higher are Automobiles, Banking, Finance, Metals, and Infrastructure.
Sensex and Nifty may open strong today
Good morning and welcome to Sensex and Nifty today live updates, 18 March at 8 am IST
Asian markets are trading strong today tracking the positive cues from Wall Street. Nikkei and Hang Seng are trading higher by 1.63 percent and 1.14 percent respectively while Shanghai is trading 0.24 percent up. The SGX Nifty is trading 155 points higher at this moment. The cues getting from the global markets are positive for the Indian stock market. Sensex and Nifty will open on a strong note today
The U.S market index Dow closed at a record high on Wednesday after the Federal Reserve hiked the growth forecast. The U.S market indices Dow and S&P 500 closed higher by 0.58 percent and 0.29 percent respectively while Nasdaq gained 0.40 percent on Wednesday.
European markets closed mixed on Wednesday as investors took a cautious approach ahead of the Fed’s policy outcome. The European market indices FTSE closed in the red by 0.60 percent whereas DAX closed higher by 0.27 percent and CAC closed almost flat on Wednesday.
Indian stock markets closed lower on Wednesday due to the surge in coronavirus cases and cautiousness ahead of Fed’s meeting outcome. Sensex and Nifty fell 1.12 percent and 1.27 percent respectively on 17 March. FIIs were buyers and DIIs were the seller in the cash market. FIIs bought Rs 2625.82 crores whereas DIIs sold Rs 562.15 crores in the cash segment on Wednesday.
News that may impact Sensex and Nifty today at Live Market18 March
On 17 March, India’s domestic trader’s body CAIT said the foreign direct investment policy in the e-commerce sector should be enforced in letter and spirit so that global players do not violate the rules. This issue raised by the CAIT Secretary General Praveen Khandelwal in a meeting of DPIIT to discuss FDI in E-commerce
On Wednesday The Federal Reserve kept its easy money policies in place and pledged to maintain them until the U.S economy recovers further from the coronavirus pandemic. Most members expecting near-zero interest rates to remain until the end of 2023.
Fed has also hiked its earlier forecast for economic growth from 4.2 percent predicted in December to 6.5 percent for this year on the back of the vaccine rollout and government stimulus package. While inflation is expected to jump to 2.4 percent in the current year which is above the central bank’s target.
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