Market Live 26 Oct: Indian stock markets are trading marginally lower

 

It was a flat start for the Indian stock market today. The Nifty opened at 11937.40 levels, 7.05 points higher while Sensex opened at 40649.76 levels, 35.74 points lower from the last close. The Bank Nifty on the spot levels opened at 24525.80, made a gap up of 47.5 points.

At 9.50 am IST, Nifty and Sensex are trading lower by 0.16% and 13% respectively while Bank Nifty on the spot levels trading absolutely flat at this moment.

IndusInd Bank, Tata Motors, and Nestle are trading as the top gainers in the Nifty index whereas JSW Steel, Reliance, and Hero Motorcorp are trading as the top losers. Reliance, IndusInd Bank and Tata Motors are trading as the most active stocks in NSE.

On a sectoral basis, Telecom, Infrastructure, and IT & Software sectors are trading in the green whereas Metals & Minings, and Oil & Gas are sectors are trading in the red.

 

Indian stock market may open on a positive note today

 

Good morning and welcome to Stock market live updates 26 Oct, at 8 am IST

Asian markets are trading mixed today. Nikkei is trading flat whereas Shangai is trading lower by 0.89%. Hang Seng is not trading today due to the holiday. SGX Nifty is up by only 4 points. Asian market cues are indicating a positive opening for the Indian stock market today.

The U.S markets closed mixed on Friday after paring earlier losses. Investors are worried about increasing coronavirus cases and dimming hopes of a new financial-aid package ahead of the election. The U.S market indices Nasdaq and S&P 500 gained 0.37% and 0.34% respectively while the Dow closed lower by 0.10% on 23 October.

The European markets closed higher on Friday as stock rebound with the positive earnings from the Banks. The European market indices FTSE and CAC gained 1.29% and 1.20% respectively while DAX closed higher by 0.82% on Friday.

Back home in India, the Sensex and Nifty gained 0.31% and 0.28% respectively on Friday. FIIs were buyers and DIIs were sellers in the cash market on the last day of the week. FIIs bought Rs 906.93 crore whereas DIIs sold Rs 891.86 crore in the cash market segment on 23 October.

 

News that can influence the stock market live on 23 October

 

As per the RBI data, India’s foreign exchange reserves surged by $3.615 billion and touched a lifetime high of $ 555.12 billion on the week ended 16 October. This is compared to $5.867 billion at $551.505 billion recorded on the week ended 9 October.

Reserve Bank’s central board on 23 October held a review meeting to discuss the economic situation and other challenges. The RBIs board reviewed the current economic situation, continued global and domestic challenges, and various areas of operations.

Today’s result- Kotak Mahindra Bank, SBI Life Insurance Company, M&M Financial Services, Angel Broking, GHCL, Finolex Industries, Lakshmi Machine Works, etc.

You can read more stock market live updates after the market gets open

 

You can also read, Nifty, Bank Nifty futures prediction for the week 26-30 Oct

                                Stock Trading: Make money with these two Nifty 50 stocks

 

Happy Investing !!

Editor’s desk