Indian share/stock market live today, 22 April 2021
Market live today 22 April: Indian stock markets erased most of their early losses, Metal, Pharma stocks are in focus
Market Live Today 22 April: Indian stock markets opened lower amid positive global cues. Nifty opened at 14219.15 levels, down by 77.25 points while Sensex made a negative opening of 204.09 points at 47501.71 levels. The Bank Nifty on the spot price made a gap down opening of 349.2 points at 30763.50 levels.
At 10 am IST, Sensex and Nifty are trading lower by 0.49 percent and 0.38 percent respectively while Bank Nifty on the spot price is trading 0.90 percent down.
Tata Steel, Wipro, and JSW Steel are trading as the top gainers in the Nifty50 index whereas Shree Cement, IndusInd Bank, HUL are trading as the top losers. The most active stocks in the Nifty50 index are Tata Steel, Wipro, and HDFC Bank.
On a sectoral basis, Metals, Healthcare, and IT Sectors are trading higher whereas FMCG, Banking, and Automobile sectors are trading in the red at this moment.
Indian stock market may open flat today
Good morning and welcome to the Indian share/stock market live today, 22 April at 8.05 am IST
Asian markets are mostly trading in the green today tracking overnight positive cues from Wall Street. Nikkei and Hang Seng are trading 2.08 percent and 0.18 percent respectively. Shanghai is trading almost flat 0.08 percent down while SGX Nifty is trading higher by 100 points at 14179 levels. SGX Nifty is trading around 117 points down from the current Nifty levels. As per the indication getting from SGX Nifty, Indian markets may open flat today.
The US markets closed higher on Wednesday after two days of decline as investors put the breaks on the recent rally leaving the major indices hovering near a record high. The US market indices Dow Jones and S&P 500 gained 0.93 percent while Nasdaq was up by 1.19 percent on Wednesday.
The European markets bounced back on Wednesday as optimism about a strong earnings season countered worries about a rapid rise in coronavirus infection in Asian Countries like India and Japan. The European market indices FTSE and DAX closed higher by 0.52 percent and 0.44 percent respectively. While CAC gained 0.74 percent on Wednesday.
Indian stock markets erased all early gains and closed in the red on Tuesday amid mixed cues from the Asian markets. Sensex and Nifty closed lower by 0.51 percent and 0.44 percent respectively. FIIs were the seller and DIIs were buyers in the cash market on Tuesday. FIIs sold Rs 1082.33 crores while DIIs bought Rs 1323.1 crores in the cash market segment on Tuesday.
News that may impact Indian share/stock market live today 22 April
HSBC expects India’s YoY GDP growth may fall back into negative territory after recording a marginal growth of 0.4 percent in the December end quarter. Even a localized lockdown due to a spike in Covid-19 cases in several states can hit India’s GDP growth especially in the first quarter of the current fiscal year.
Care Rating has revised India’s GDP growth due to the sharp increase in coronavirus cases in the last thirty days and the lockdown and restrictions imposed by the state governments. The rating agency has revised the GDP growth to 10.2 percent from 10.7- 10.9 percent projected earlier. This is the third revision done by the rating agency in the last one month.
In India, Maharashtra has further tightened the Covid-19 restrictions from 22 April for 15 days. The restrictions are as good as lockdown to curb deadly infection.
Today’s Q4 results- Indus Towers, Sasken Technologies, Tata Elxsi, Hindustan BioSciences, Cyient, Rallies India, Fineotex Chemical, Filatex India, etc.
You can read more updates on the Indian share/stock market live today, 22 April after the markets get open.
You may like to read, Nifty & Bank Nifty prediction for tomorrow 22 April
What is SGX Nifty? Can Indian trade in SGX Nifty?
Happy Investing !!
Editor’s Desk
