Stock Market Live Updates: Nifty & Bank Nifty trading higher

 

Stock Market Live 16th June 1 pm: Nifty and Bank Nifty futures erased some morning gains, currently trading at 1% gain. The Nifty and Bank Nifty futures touched high at 10044.70 and 20635 levels respectively. 

JSW Steel, UPL, and Hindalco are the top gainers, and Tata Motors, Axis Bank, and ITC are losers in the Nifty50 stocks at this moment. Reliance, Axis Bank, and Bajaj Finance are the most active stocks in Nifty50.

The sectors like Metals & Minings, Insurance, and Banking & Finance are gaining more than 2% at this hour.

Asian markets are trading in green and European markets also made a gap up opening, trading more than 2% higher. 

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Stock Market Live updates 16th June at 9.30 am: As expected Indian stock market made a gap up opening today. The Nifty futures opened at 10018.10, a gap up of 204.4 points whereas Bank Nifty future share price opened at 20503, a gap up of 591.5 points. The Nifty Futures and Bank Nifty futures share prices are trading more than 2 and 3% higher respectively.

The top gainers in the Nifty50 stocks are ICICI Bank, JSW Steel, Hindalco. There is no loser in the Nifty50 stocks at this moment.

On Sector-wise, Banking & Finance, Metals & Minings and IT & Software are trading around 2% gain.

Nifty & Bank Nifty futures share price Live call:

 

 

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Good Morning and Welcome to Stock Market live for 16th June

 

Stock Market Live for 16th June, updates at 8.15 am:

Indian stock market is expected to open in a strong note as the global cues are positive. Yesterday, European markets were closed marginally lower but the US markets gained and closed in positive. Asian markets are today following the sentiments of the US markets.

Yesterday, Wall Street gained after the Fed’s announcement of purchasing a corporate bond program. Federal reserve bond purchasing has boosted the investor’s confidence and changed the market sentiments in positive amid increases coronavirus cases.

At present, SGX Nifty is showing 217 points or 2.22% up, and other Asian markets are up by 2-4% at this hour.

Domestic cues

Yesterday, FII’s sold Rs 2960.33 crores and DIIs bought Rs 1076.38 crores in the cash segment. Today, HPCL and NMDL will announce Q4 results along will a few other midcaps and smallcap companies.

Indian exports contracted for the third straight months, It dips 36.47% in May to $19.05 billion. The pharma and drug export rises and trade deficit narrows to $3.15 billion.

Follow our Nifty and Bank Nifty live trading calls at 9.30 am.

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