Stock Market LIVE : Sensex, Nifty trading flat, Banks & Financials are up
Stock Market LIVE: Indian stock markets made a cautious start on Friday amid negative cues from Wall Street overnight. The Nifty index opened at 18115.60 levels, up by only 7.75 points while Sensex made a slightly higher opening of 42.73 points at 60901.60 levels.
The domestic markets are hovering around neutral lines and struggling for direction as investors remained on the sidelines and not taking any long positions ahead of the weekend. The downside remained capped, as FIIs turned buyers on Thursday to the tune of Rs 400 crores.
Some optimism also came as the Indian rupee appreciated against the US dollar at the opening on Friday. The positive cues from the other Asian markets also added optimism to the domestic market sentiments today.
Stock Market LIVE Today
Market Live at 11.50 am IST, the Indian stock market indices, Sensex and Nifty are trading flat to positive, up by only 0.04 percent and 0.02 percent respectively. The Bank Nifty is trading higher by 0.66 percent at 11.50 am IST. The broader markets are trading flat to negative at this moment, as Nifty midcap and smallcap indexes are trading lower by 0.06 percent and 0.01 respectively at this time.
Among the sectors, Nifty PSU Bank, Bank Nifty, and Financial Services are trading higher whereas FMCG, Metals, and Realty are trading in the red. The top gaining stocks in the Nifty 5o index at this moment are Tata Motors, Coal India, and HDFC whereas the top losing stocks are HUL, Asian Paints, and Nestle
Stocks in News Today
The share price of Coforge jumped above 6% after the company reported solid Q3 numbers. The company reported a 13.5% rise in consolidated net profit to Rs 228.2 crore on a 4.9% increase in gross revenues to Rs 2,055.8 crore in Q3 FY23 over Q2 FY23. The share price of Coforge is trading at Rs 4216 per share
The share price of BHEL rose around 3% and is trading at Rs 82 after the company announced that it has bagged Rs 300 crore worth of orders for renovation & modernization (R&M) of steam turbines at the Ukai thermal power station in Gujarat.
Sun Pharmaceutical Industries’ share price fell more than 1% as the company is going to acquire Concert Pharmaceuticals for $576 million or $8 per share. The share price of Sun Pharma is trading at Rs 1030 per share
The share price of Marksans Pharma jumped over 3% and is trading at Rs 68 after the company announced that it raised Rs 372.40 crore in equity via the conversion of warrants issued to OrbiMed and the promoter.
Also, read Best Stock Market Books You Must Read-2023
Tradingview India Review 2022- You Must Read
If you like the post “Stock Market LIVE: Sensex, Nifty trading flat, Banks & Financials are up ” please share it with others
Happy Investing!
Editor’s Desk
