Share market LIVE News – Morning Updates for 12 May
Share Market Live News 12 May: Nifty Trading below 14800 levels, IT, Banks are trading lower
Share Market Live News, 12 May: Indian markets opened almost flat today as indicated by the SGX Nifty in the morning. Sensex opened at 49171.28 levels, up by 9.47 points from the previous close while Nifty opened slightly negative today, down by 27.2 points at 14823.55 levels. The Bank Nifty on the spot price made a negative opening at 32717.65 levels, down by 154.55 points.
At 9.50 am IST, Sensex and Nifty are trading lower by 0.67 percent and 0.60 percent respectively. The Bank Nifty on the spot price is trading 0.78 percent down.
Power Grid, NTPC, and Tata Motors are trading as the top gainers in the Nifty 50 index whereas HDFC, M&M, and HUL are trading as the top losers. The most active stocks in the Nifty 50 index at this moment are Tata Steel, Tata Motors, and JSW Steel.
On a sectoral basis, Capital Goods, Infrastructure, Power, and Metal sectors are trading higher. On the losing side Banking, Finance, IT & Software, and Oil & Gas sectors are trading in the red at this moment.
Asian markets are trading in the red, SGX Nifty trading flat
Good morning and welcome to the Share market LIVE News today, 12 May at 7.45 am IST
Asian markets are trading in the red today tracking overnight negative cues from the US markets. Nikkei and Shanghai are trading lower by 0.59 percent and 0.10 percent while Hang Seng is trading almost flat. SGX Nifty is trading 21 points down at this moment. The cues getting from the Asian market are negative today, Indian share market may open flat today
The US markets closed lower for the second consecutive day despite big-name technology stocks reversed in the end. The concerns about high inflation dragged other sectors too in the US market on Tuesday. The US market indexes Dow and S&P 500 fell 1.36 percent and 0.87 percent respectively. While Nasdaq was down by just 0.09 percent on Tuesday.
The European markets fell sharply on Tuesday. Heavy selling in the travel, retail, and technology sectors witnessed due to the negative global sentiments on worries about rising inflation in the U.S. The European market indexes CAC and DAX were down by 1.86 percent and 1.82 percent respectively while FTSE closed lower by 2.47 percent on Tuesday.
Indian markets closed lower on Tuesday tracking negative cues from the global markets. Sensex and Nifty closed lower by 0.69 percent and 0.61 percent respectively. FIIs and DIIs both were the sellers in the cash market segment on Tuesday. FIIs sold Rs 336 crores while DIIs sold 676.67 crores in the cash market on Tuesday.
News that may impact the share market live today, 12 May
Due to the second wave of coronavirus in India and its negative impact on the economy, the foreign rating agency Moodys has cut India’s GDP forecast to 9.3 % for FY22. Earlier it was projected 13.7 % and has ruled out a sovereign rating upgrade for now.
The Consumer Price Inflation (CPI) for April and Index of Industrial Production (IIP) data for March will release post-market today. Inflation is expected to come lower due to a drop in prices in vegetable and other perishable food items. As industries in some states remained shut in the month of March due to the second wave of coronavirus, we may see weak IIP numbers today.
The US inflation data are expected later in the evening. Global markets may remain cautious as US inflation expectations have surged to the highest in a decade due to the reopening of the economy after the Covid-19 shutdown.
Today’s quarterly results- Asian paints, Lupin, UPL, Tata Power, Apollo Tyers, Birla Corporation, Borosil Renewables, Jindal Steel & Power, Happiest Minds Technologies, and others
You may visit again to read more about share market Live today after the markets get open.
You may also like to read, Bank Nifty and Nifty futures prediction for tomorrow 12 May
Nifty 50 and Bank Nifty Futures Trend for (10-14 May)
Happy Investing!!
Editor’s Desk
