Stock market live today 20 May- Morning Updates
Stock Market Live today 20 May- Sensex and Nifty are trading flat, metals sector down more than 2%
Market Live Today 20 May: It was a flat start for the Indian stock markets today amid negative cues from the global markets. Nifty opened at 15042.60 levels, up by only 12.45 points while Sensex opened marginally higher by 68.88 points at 49971.52 levels. The Bank Nifty on the spot price opened at 33692.55 levels, just 7.35 points up from the previous close.
At 9.55 am IST, Indian stock market key indices are trading near their neutral lines, and are looking for a direction. The Bank Nifty on the spot price is also trading flat at this time.
Titan, M&M, and Cipla are trading as the top gainers in the Nifty 50 index whereas Tata Steel, Hindalco, and ONGC are trading as the top losers. The most active stocks in the Nifty 50 index are Tata Steel, Tata Motors, and Axis Bank.
On a sectoral basis, the Insurance, Media, and Infrastructure sectors are trading higher. The sectors that are trading lower are Metals, Oil & Gas, FMCG,
Indian stock markets are likely to open flat
Good morning and welcome to the Indian stock market live today 20 May at 8 am IST
Asian markets are mostly trading in the red tracking the negative cues overnight from the US markets. Hang Seng and Shanghai are trading lower by 0.68 percent and 0.52 percent respectively. Nikkei is trading almost flat. SGX Nifty is trading 12 points up at this moment. Indian markets are likely to open flat as per the indication getting from SGX today.
The US markets closed in the red on Wednesday due to the fall in commodity, technology shares, and bitcoin as investors’ appetite for risk got reduced. Investors continue to fear that the rising inflation will prompt the central bank to change the bond purchasing program and interest rate. The US market indices Dow Jones and S&P 500 fell 0.48 percent and 0.29 percent respectively while Nasdaq was down by 0.03 percent on Wednesday.
European markets closed lower on Wednesday as UK’s Consumer price inflation data showed more than double in April. Traders are worried that the price rises may last for a prolonged period and it may push the central bank to tighten the policy. The European market indices CAC and DAX fell 1.43 percent and 1.77 percent respectively. FTSE was down 1.19 percent on Wednesday.
Indian stock market closed lower on Wednesday after two days rally. The key benchmark indices Sensex and Nifty fell 0.58 percent and 0.52 percent respectively. FIIs and DIIs both were sellers in the cash market segment on Wednesday. FIIs sold Rs 697.75 crores while DIIs sold Rs 852.52 crores in the cash market segment on Wednesday.
News that may impact the stock market live today 20 May
Public sector bankers have asked RBI to extend the second round of restructuring for all companies with a reduced provision rate of 5 percent versus 10 percent did last year.
The meeting held with the RBI governor and CEOs of 12 PSU banks were unanimous in their request for a second round of restructuring as the second wave of Coronavirus has hit livelihoods more severely.
The minutes of the US Central Bank’s policy meeting in late April, released on Wednesday, some Fed officials want to start discussing a plan for reducing the Fed Reserves massive bond-buying program in the coming Fed meeting
Today’s quarterly results- HPCL, Havells India, Bosch, Zee Entertainment Enterprises, Relaxo Footwear, Torrent Pharma, Emkay Global Financial Services, KNR Constructions, and others.
You can visit this page again to read more updates about the stock market live after the market get opens.
You may also like to read, NIFTY PREDICTION | BANK NIFTY TARGET- 20 MAY
Nifty and Bank Nifty share price target for (17-21 May)
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