Stock Market Live: Sensex, Nifty trim early gains amid volatility

 

Stock Market Live Updates Today 17 March 2023: It was a gap-up opening for the Indian stock markets on Friday amid positive cues from the US and other global markets. The Nifty index opened at 17111.80 levels, up by 126.2 points while Sensex made a strong opening at 58038.7 levels, up by 403.86 points. The domestic markets trimmed some early gains but trading comfortably above their neutral lines.

The global cues become positive as US stocks rebounded on Thursday after First Republic Bank and Credit Suisse got bailouts. The timely bailouts helped to ease the recent concerns about turmoil in the banking sector and boosted investors’ confidence. The Sensex and Nifty are currently trading well above their crucial 57700 and 17000 levels respectively.

However, the upside remained capped and some cautiousness was seen in the markets amid continued foreign fund outflows. According to the provisional data available on the NSE, foreign institutional investors (FII) net sold shares worth Rs 282.06 crore on March 16

 

Stock Market Live Today 

 

Market Live at 11.50 am IST, the Indian stock market indices, Sensex and Nifty are trading higher by 0.19 percent and 0.25 percent respectively. The Bank Nifty is trading flat near its neutral line at 11.50 am IST. The broader markets are outperforming their larger peers, as the Nifty mid and smallcap indexes are trading higher by 0.35 and 0.75 percent respectively.

Among the sectors, The media, FMCG, and PSU Banking sectors are trading lower at this moment. The sectors that are trading higher and lifting the markets are Nifty Realty, IT, and Metal.

The top-gaining stocks in the Nifty 50 index are HCL Tech, Infy, and Tata Consumer, and the top-losing stocks are ITC, BPCL, and Eicher Motors. The top-gaining stocks in the Bank Nifty index are Bandhan Bank, Federal Bank, and Kotak Bank.

The most active stocks in terms of value at this moment are TCS, Reliance, and HDFC Bank. The most active stocks in terms of volume are Tata Steel, ITC, and NTPC

 

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Editor’s Desk