Stock Market Today 21 May | Nifty ends at 15175
Market Today 21 May: Indian stock market extended its early gains today and closed on a positive note. The market gains due to positive cues from the global peers and a decline in fresh coronavirus cases in India. Heavy buying in Banking and Financial stocks witnessed in the market today. In the end, the markets gained almost 2 percent.
Today’s stock market updates 21 May
At the close, Nifty gained 269.25 points or 1.81 percent and closed at 15175.30 levels while Sensex was up by 975.62 points or 1.97 percent and finished at 50540.48 levels. The Bank Nifty on the spot price jumped 1272.35 points or 3.82 percent and ended at 34606.90 levels.
The midcap and smallcap indexes also closed higher today. The Nifty midcap index gained 197.20 points or 0.78 percent and closed at 25408.90 levels. The Nifty smallcap index was up by 73.35 points or 0.81 percent and ended at 9110.25 levels.
The top five gainers in the Nifty 50 index were HDFC Bank, SBI, IndusInd Bank, ICICI Bank, and Axis Bank. The top five losers in the Nifty 50 index were Power Grid Corp, IOC, Dr. Reddy’s Lab, Eicher Motors, and Grasim. The most active stocks in the Nifty 50 index were SBI, Tata Steel, and ICICI Bank.
On a sectoral basis, barring Capital Goods, and Manufacturing sectors all other sectors closed in the green today. The sectors that led the market rally for the day were Banking, Finance, telecom, IT & Software, and Automobiles.
Global markets today
Asian markets closed mixed on Friday. Markets started in the green on Friday morning due to positive cues from Wall Street but traders remain cautious due to inflation worries. European markets are trading mixed on Friday as Swiss luxury goods maker Richemont jumped after its result but worries about inflation dampened the market sentiments. The US future indexes, Dow and Nasdaq futures are trading marginally higher at 4 pm IST.
Stock Market Live Today 21 May- Sensex and Nifty are trading strong, Private Banks are top gainers
Market live today 21 May: Indian markets opened higher on Friday amid positive cues from the global markets. Nifty opened at 14987.80 levels, up by 81.75 points while Sensex made a gap up opening of 269.12 points at 49833.98 levels. The Bank Nifty on the spot price opened higher at 33559.80 levels, up by 225.25 points from the previous close.
At 9.40 am IST, the Indian stock markets are trading strong. The key benchmark indices Sensex and Nifty are trading higher by 0.87 percent and 0.85 percent respectively. The Bank Nifty on the spot price is trading 1.62 percent up.
IndusInd Bank, Kotak Mahindra Bank, and ICICI Bank are trading as top gainers in the Nifty 50 index whereas Hero Motor Corp, Power Grid, and UPL are trading as the top loser. The most active stocks at this moment in the Nifty 50 index are SBI, Tata Steel, and IndusInd Bank
On a sectoral front, all sectors are trading in the green today. The sectors that are supporting the index to trade higher at this moment are Banking, Finance, Healthcare, and Metals
Indian stock markets are likely to open higher
Good morning and welcome to the stock market live today 21 May at 7.30 am IST
Asian markets are trading in the green on Friday morning. Nikkei and Hang Seng are trading higher by 0.78 percent and 0.13 percent respectively. Shanghai is trading flat at this moment while SGX Nifty is trading 117 points higher. The global cues are positive, Indian stock markets are likely to open higher today.
The US markets snapped a three-day losing streak after a jobless claim data showed that the labor market continues to recover. The US market indexes Dow Jones and S&P 500 gained 0.55 percent and 1.06 percent respectively while the tech-heavy Nasdaq was up by 1.77 percent on Thursday.
European market indices jumped on Thursday as strong earnings and merger talks in the chip sector helped investors to look past inflation worries. European market indices CAC and DAX gained 1.29 percent and 1.70 percent respectively while FTSE was up by 1 percent on Thursday.
Indian stock market closed lower on Thursday amid weakness in the global markets. The key benchmark indices Sensex and Nifty closed lower by 0.68 percent and 0.83 percent respectively. FIIs were buyers and DIIs were the seller in the cash market segments. FIIs bought Rs 71.04 crores while DIIs sold Rs 876.06 crores in the cash market on Thursday.
News that are likely to impact the stock market live today 21 May
The US labor markets continued to recover, the fresh data on Thursday showed that 4,44,000 Americans applied for first-time unemployment benefits in the week ended 15 May, down from 4,78,000 in the previous week. The data showed this is the lowest level since the pandemic hit in mid-March 2020.
Indian reported 2,76,110 new coronavirus cases in a day while deaths recorded below 4000 after four days. According to Union Health Minister for effectively ending the pandemic, more Covid vaccines need to be developed. On Thursday, vaccine maker Bharat Biotech announced to ramp up the production of Covaxin by additional 200 million doses.
Today is the big day for quarterly results, the companies that are going to announce their 4th quarterly results are State Bank of India, Hindalco Industries, JSW Steel, Shree Cement, Godrej Industries, South Indian Bank, Container Corporation of India, Crompton Greaves, Dr. Lal Path Labs, TCI Industries, United Spirits, and others.
You can visit this page again to read more updates on the stock market live today, 21 May after the market gets open.
You may also like to read, Bank Nifty & Nifty futures prediction for 21 May 2021
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