Market Live, 12 Nov: Indian Stock markets are trading lower, Bank Nifty trading lower

 

Stock Market Live today 12 Nov: It was a negative start for the Indian markets today. Nifty opened at 12702.15, down by 47 points while Sensex made a gap down opening of 301.78 points and opened at 43593.67 levels. The Bank Nifty on the spot levels also made a gap down opening of 211.25 points at 28633.75 levels.

At 10 am IST, Nifty and Sensex are trading lower by 0.42% and 0.45% while Bank Nifty trading 1.35% down

 

SGX Nifty is trading lower, the Indian stock market may open in the red today

 

Good morning and welcome to the stock market live updates today, 12 Nov, 8 am IST

Asian markets are trading mixed today. Shanghai and Hang Seng are trading lower by 0.27% and 0.12% respectively whereas Nikkei is trading higher by 0.46%. The SGX Nifty is trading in the negative today, 61 points down. As per the Asian markets indication, Indian markets are likely to open in flat to negative today.

The US markets closed in mixed on Wednesday as Dow closed in the negative due to the concern about rising coronavirus cases in the region. The US market indices Nasdaq and S&P 500 closed higher by 2.01% and 0.77% whereas Dow closed lower by 0.08% on 11 November.

European markets gained for the third straight session on Wednesday due to the optimism around a Covid-19 vaccine. European market indices CAC and DAX closed higher by 0.48% and 0.40% respectively while FTSE up by 1.35% on Wednesday 11 November.

Indian markets closed higher on Wednesday. Nifty and Sensex gained 0.93% and 0.73% respectively. FIIs were the buyers and DIIs were the seller in the cash segment on Wednesday. FIIs bought Rs 6207.19 crore while DIIs sold Rs 3463.86 crores on Wednesday 11 November.

 

 

News that may impact today’s stock market live 

 

On 11 November, the Reserve Bank of India said that the Indian economy could break out of contraction and return to positive by the third quarter of the current financial year. The RBI also said that this is possible if the growth momentum sustains.

The Union Cabinet has given approval for the Production Linked Incentive scheme for 10 sectors on November 11. The 10 sectors are Pharma, automobiles, auto components, telecom and networking products, advanced chemistry cell battery, textile, food products, solar modules, white goods, and specialty steel. The total allocation under PLI would be Rs 146 lakh crore over five years, according to the government.

The  Consumer Price Index (CPI) and the Index of Industrial Production (IIP) data are expected in the evening today. Traders may remain cautious ahead of the data and weekly expiry today.

Today’s result- Eicher Motors, Grasim Industries, Engineer’s India, Infibeam Avenues, IRB Infrastructure Developers, Alok Industries, Arvind Fashions, Avanti Feeds, etc

 

You may read more stock market updates for today after the market gets opened.

 

You may also like to read,  Nifty and Bank Nifty futures prediction for 12 Nov 2020

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