Stock Market Live News Today 24 May- Morning Updates
Market Live News Today- Stock market indices are trading higher, Metal stocks are down
Market Live News Today 24 May: Indian stock market indices opened higher amid mixed cues from the Asian markets. Nifty opened at 15211.35 levels, up by 36.05 points while Sensex made a positive opening of 186.8 points at 50727.28 levels. The Bank Nifty on the spot price made a gap up opening of 262.4 points at 34869.30 levels.
At 9.50 am IST, Indian markets are trading marginally higher. The key indices Sensex and Nifty are trading higher by 0.24 percent and 0.13 percent respectively. The Bank Nifty on the spot price is trading 0.54 percent higher.
Hero Motor Corp, Power Grid, and Cipla are trading as the top gainers in the Nifty 50 index whereas Shree Cement, JSW Steel, and Tata Steel are trading as the top losers. The most active stocks in the Nifty 50 index are SBI, JSW Steel, and Tata Steel.
On a sectoral front, Healthcare, Banks, Auto, Finance, and Consumer Durable sectors are trading higher. The sectors that are trading in the red at this moment are Metals & Minings, FMCG, Telecom, and Oil & Gas.
Indian stock markets may open flat today
Good morning and welcome to the stock market live news today 24 May, at 7.45 am IST
Asian markets are trading mixed on Monday morning. Nikkei is trading higher by 0.16 percent while Hang Seng is trading lower by 0.27 percent. Shanghai is trading flat at this moment. The SGX Nifty is trading 46 points down. The indication getting from the Asian market peers is mixed, the Indian stock market may open flat today.
The US market index closed mixed on Friday after a volatile trading session. Markets were trading in the green initially on Friday, but profit booking on technology and other growth stocks turned S&P 500 and Nasdaq index into the red. The US market index, Dow closed higher by 0.36 percent while Nasdaq and S&P 500 closed lower by 0.48 percent and 0.08 percent respectively.
The European markets mostly closed higher on Friday, as Swiss luxury goods maker Richemont jumped after its quarterly results. The market sentiments were optimistic as the accelerating business growth in the eurozone offset the rising inflation worries among investors. The European market indices, FTSE closed almost flat down just 0.02 percent whereas CAC and DAX closed higher by 0.68 percent and 0.44 percent respectively.
Indian stock market closed strong on Friday amid positive global cues. The key indices Sensex and Nifty gained 1.97 percent and 1.81 percent respectively. FIIs and DIIs both were buyers in the cash market segment on Friday. FIIs bought Rs 510.16 crores while DIIs bought Rs 649.10 crores in the cash market on 21 May.
Stock market news that may impact the market live today 24 May
As the RBI data showed on Friday, India’s foreign exchange reserves rose by $563 million to reach $590.028 billion in the week ended 14 May. The reserves had increased by $ 1.444 billion to $589.465 billion in the previous week ended 7 May 2021.
The country’s foreign exchange reserve had touched a lifetime high of $ 590.185 billion in the week ended January 29, 2021.
Today’s quarterly results- Grasim Industries, Mahanagar Gas, India Cements, JK Paper, Dalmia Bharat Sugar, JSW Holdings, Lakshmi Machine Works, Ramco Cements, Shanti Gears, Wall Street Finance, and others.
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