Stock Market Indexes – Sensex & Nifty closed flat today
Market Today 18 June: Indian stock market indexes opened higher on Friday and erased their early gains and slipped over a percent in morning trades on account of selling in frontline counters. In the second half, benchmark indices recovered and erased their losses, and closed flat today.
The market sentiments turned pessimistic with a private report stated that lockdowns imposed by the states in April and May to contain the second wave of the coronavirus infection has likely led to the economy contracting 12 percent in the June quarter as gainer 23.9 percent contraction in the same quarter previous year. Traders also took note of assessment made by the RBI stating that the devastating second wave of the coronavirus pandemic in April- May is estimated to have cost the nation Rs 2 lakh crore in terms of output.
Stock market indexes today: Sensex, Nifty, and Bank Nifty spot price
At the close, Nifty was down by 8.05 points or 0.05 percent and closed at 15683.35 levels while Sensex was up by 21.12 points or 0.05 percent and finished at 52344.45 levels. The Bank Nifty spot price was down by 47.40 points or 0.13 percent and ends at 34558 levels.
The midcap and smallcap indexes closed almost a percent today. The Nifty midcap index was down by 280.05 points or 1.05 percent and closed at 26496.30 levels. The Nifty smallcap index fell 84.75 points or 0.88 percent and ended at 9573.75 levels.
The top five gainers in the Nifty 50 index were Adani Ports, Bajaj Auto, HUL, Bharti Airtel, and Grasim. On the losing side, ONGC, Coal India, JSW Steel, NTPC, and UPL. The most active stocks in the Nifty 50 index were Adani Ports, Tata Steel, and Reliance.
On a sectoral basis, Infrastructure, FMCG, Insurance, Telecom, and Banks were closed in the green. On the losing side, Metals, Power, IT & Software and Healthcare sectors closed in the red.
Global markets today
On the global front, Asian markets closed mixed after Fed’s hawkish turns and Sino-Western tension. European markets mostly trading in the red due to the slide in banking and energy stocks. The U.S futures Dow and Nasdaq futures are trading marginally higher at 3.30 pm IST.
Indian stock market Indexes are trading in the red, Metals and Auto stocks are trading lower
Indian Stock Market Indexes Today 18 June: Indian stock markets opened higher amid mixed global cues. Nifty opened at 15756.50 levels, up by 65.1 points while Sensex made a positive opening of 244.74 points at 52568.07 levels. The Bank Nifty also opened higher today at 34735.15 levels, up by 129.75 points from the previous close.
At 9.55 am IST, the key benchmark indices Sensex and Nifty erased all early gains and trading lower by 0.40 percent and 0.50 percent respectively. The Bank Nifty spot price is trading 0.77 percent down at this moment.
Adani Ports, Divis Lab, and Infosys are trading as the top gainers in the Nifty 50 index whereas JSW Steel, ONGC, and Tata Steel are trading as the top losers. The most active stocks at this moment in the Nifty 50 index are Adani Port, Tata Steel, and Power Grid Corp.
On a sectoral basis, IT & Software and Consumer Durable sectors are trading slightly higher whereas Metals, Power, Automobiles, and Banking sectors are dragging down the market indices at this moment.
Indian stock market indexes are likely to open in the green today
Good morning and welcome to the Indian stock market indexes today 18 June at 8 am IST
Asian markets are trading mostly higher on Friday. Nikkei and Hang Seng are trading higher by 0.33 percent and 0.71 percent respectively. Shanghai is trading almost flat at this moment. SGX Nifty is trading 77 points higher at 15769 levels. The indications getting from the Asian market peers are positive for the domestic market. Indian stock market indexes are likely to open higher today.
The U.S market indices closed mixed on Thursday due to the selling pressure in material and financial stocks. Dow Jones and S&P 500 closed lower by 0.62 percent and 0.04 percent respectively whereas buying witnessed in the technology-driven stocks, helped Nasdaq to close higher by 0.78 percent on Thursday.
European market indices closed on a mixed note on Thursday after the US Federal Reserve announced that it might curb stimulus measures sooner than expected. European market indices FTSE fell 0.44 percent whereas CAC and DAX closed higher by 0.20 percent and 0.11 percent respectively on Thursday.
Indian stock market closed lower on Thursday amid weakness in the global markets. The key benchmark indices Sensex and Nifty closed lower by 0.34 percent and 0.48 percent respectively. FIIs were the seller and DIIs were the buyers in the cash market. FIIs sold Rs 879.73 crores while DIIs bought Rs 45.24 crore in the cash market on Thursday.
News that may impact the Indian stock market indexes today, 18 June
India’s foreign exchange reserves which crossed the $600 billion markets last week may be deceptive as the import cover of reserves- the number of months import that the reserve can finance is expected to slip to less than 15 months imports given the import projection for FY22 from the near current adequacy of 20 months imports, an RBI research paper said.
On Thursday, T.V Narendran the President of CII said, India’s GDP growth rate for 2021-22 at 9.5% as the economy reopens post the second wave a dual-pronged government strategy is required to boost consumption and support industry till the demand is back.
The U.S initial jobless claims totaled 412,000 last week, an increase of 37,000 from the previous week and higher than the expectation of 360,000
You can visit again to read more updates on the Indian stock market indexes today 18 June after the market gets open.
You may also like to read, Nifty & Bank Nifty Prediction for Tomorrow 18 June 2021
                                           Top 3 Fiverr Day Trading Freelancers- Best Review in 2021
Happy Investing!!
Editor’s Desk
