Stock Market Live: Indices are trading higher led by IT, Realty, Metals
Stock Market Live Updates Today: Indian stock market indices opened higher on Thursday amid tracking gains from Asian peers. The Nifty index opened at 18094.75 levels up by 78.9 points while Sensex made a positive opening of 291.13 points at 61566.22 levels. The domestic markets are trading in fine fettle with gains of around 0.50 percent each, with Sensex and Nifty trading near 61600 and 18100 levels respectively.
Other than positive global cues, foreign fund inflows aided domestic sentiments. Foreign institutional investors (FII) purchased shares worth Rs 432.15 crore on February 15, NSE`s provisional data showed. Traders took encouragement from Finance minister Nirmala Sitharaman’s statement that the effort of the government over the years has been to increase public expenditure with a view to promoting growth.
On the sectoral front, oil industry stocks were in focus after the Centre cut the windfall profit tax on domestically produced crude oil from Rs 5,050 per tonne to Rs 4,350 per tonne.
Stock Market Live Today
Market Live at 12 pm IST, the Indian stock market indices, Sensex and Nifty are trading higher by 0.46 percent and 0.47 percent respectively. The Bank Nifty is also trading higher by 0.28 percent at 12.00 pm IST. The broader markets are trading higher now, as Nifty midcap and smallcap indexes are trading higher by 0.64 percent and 0.87 respectively.
Among the sectors, Nifty IT, Realty, and Metals are trading higher whereas PSU Banks are trading in the red. The gaining stocks in the Nifty 50 index are Tech Mahindra, ONGC, and Apollo Hospital while the top losing stocks are BPCL, Bajaj Finance, and HUL
Stocks in News Today
The foreign brokerage firm Nomura Research has given a buy rating on Motherson Sumi Wiring India Ltd with a target price of Rs 62 a share, with a 19.2 percent upside potential in the stocks from the current levels. The share price of Motherson Sumi Wiring India is trading lower by 1.55% at Rs 50.90 per share in NSE
Fortis Healthcare is trading higher by more than 2% at Rs 275 per share in NSE, as SRL Diagnostics, its subsidiary has initiated preliminary discussion with an investment banker for an IPO via which the company may raise 2000 cr.
The share price of Time Technoplast gained 2% in early trade on February 16 as the company won the single-largest order worth of Rs 134 crore from Maharashtra Natural Gas for the supply of CNG Cascades made from Type – IV Composite Cylinders. The share price of time Technoplast is currently trading lower by 0.29% at Rs 85.65 per share in NSE
Ambuja Cements has been announced as the ‘Preferred bidder’ for the Uskalvagu limestone block in an e-auction conducted by the Government of Odisha. The share price of Ambuja Cements is trading higher by 1.96% at Rs 351 per share in NSE
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