Stock Market Live Today, 17 June- Morning Updates
Stock Market Live today 17 June- Sensex and Nifty are trading lower
Market Live Updates 17 June: Indian stock markets opened lower amid weak global cues. Nifty opened at 15648.30 levels, down by 119.25 points while Sensex made a negative opening of 379.73 points at 52122.25 levels. The Bank Nifty also made a gap-down opening of 383.7 points and opened at 34619.80 levels.
At 9.55 am IST, Indian market indices are trading lower. The benchmark indices, Sensex and Nifty are trading lower by 0.24 percent and 0.26 percent respectively. The Bank Nifty spot price is down by 0.55 percent from the previous close.
Nestle, Asian Paints, and Ultratech Cement are trading as the top gainers in the Nifty 50 index whereas Adani Port, Tata Steel, and HDFC are trading as the top losers. The most active stocks in the Nifty 50 index are Adani Ports, Reliance, and Tata Steel.
On a sectoral basis, Oil & Gas, Consumer Durables, and Hospitality sectors are trading in the green whereas Power, Infrastructure, Banking, Finance sectors are trading in the red.
Indian stock markets are likely to open in the red
Good morning and welcome to the stock market live today, 17 June at 8 am IST
Asian markets are mostly trading in the red on Thursday tracking the negative cues from the U.S markets overnight. Nikkei is trading lower by 1.36 percent while Hang Seng is trading flat. Shanghai is trading higher by 0.31 percent. The SGX Nifty is down by 100 points and trading at 156 levels.
The indication from the global market is negative for the Indian stock market today, Indian markets are likely to open in the red.
The U.S markets slipped on Wednesday as Federal Reserve Officials indicated two rate hikes by the end of 2023. The U.S market indices Dow Jones and S&P 500 fell 0.77 percent and 0.54 percent respectively while Nasdaq was down by 0.24 percent on Wednesday.
European market indices closed with little change on Wednesday as investors waited on news of the US Federal Reserve’s two-day policy meeting outcome that was scheduled to end later the same day. European market indices FTSE and CAC gained 0.17 percent and 0.20 percent respectively. Whereas DAX closed lower by 0.12 percent on Wednesday.
Indian market closed lower on Wednesday amid negative cues from the global market peers. The benchmark indices, Sensex and Nifty fell 0.51 percent and 0.64 percent respectively. FIIs and DIIs were the sellers in the cash market. FIIs sold Rs 870.29 crores while DIIs sold Rs 874.20 crores in the cash market segment on Wednesday.
News that may impact the stock market live today 17 June
The bank deposit and currency holding with the people have been adversely impacted during the second wave. This indicates a heavy outgo towards pandemic-related medical expenditure. A per the RBI article said on Wednesday.
The savings of High Networth Individuals (HNI’s) and retail individuals in liquid funds surged sharply in Q1 2020-21, indicating the impact of uncertainty amidst Covid-19 induced lockdown. Household also parked their funds in gold Exchange Traded Funds (ETFs)
As per the RBI report published on Wednesday, the speed, and scale of vaccination against the coronavirus will shape the path of economic recovery which has the resilience and fundamental to bounce back from the pandemic unshackle itself from the preexisting cyclical and structural hindrances.
The U.S Federal Reserve official held interest rates near zero but indicated two rate increases by the end of 2023. The decision has taken as progress on vaccination has reduced the spread of Covid-19 in the United States and amid progress in vaccination and strong policy support, the indicators of economic activity and employment have strengthened.
You can visit this page again to read more updates about the Indian stock market live today 17 June, after the market gets open.
You may also like to read, Nifty | Bank Nifty Prediction for Tomorrow, 17 June 2021
NSE Indices: Nifty & Bank Nifty futures for (14-18 June)
Happy Investing !!
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