Stock Market Live Today 23 March 2021
Market live today 23 March: Indian stock market indices are trading higher
Market Live today 23 March: It was a positive start for the Indian stock market today as the US 10 year Treasury note slipped from the recent high on Monday. Nifty opened at 14768.55 levels, up by 32.15 points from the previous close. Sensex made a positive opening of 104.92 points at 49876.21 levels. The Bank Nifty spot price opened higher at 33747.95 levels, up by 144.5 points from Monday’s close.
At 9.50 am IST, Sensex and Nifty are trading higher by 0.37 percent and 0.45 percent respectively while Bank Nifty on the spot price is trading 0.71 percent up.
Adani Ports, Tata Motors, and UPL are trading higher in the Nifty50 index whereas IOC, Power Grid, and Tech Mahindra are trading as the top losers. Adani Ports, Tata Motors, and ICICI Bank are trading as the most active stocks in the Nifty50 index at this moment.
On a sectoral basis, barring the Telecom sector, all other major sectors are trading in the green at this moment. Infrastructure, Banking, and Automobile sectors are trading as the top gaining sectors.
Indian stock markets may open flat today
Good morning and welcome to the stock market live today 23 March, at 8.05 am IST
Asian markets are trading mostly in the green today. Hang Seng and Shanghai are trading marginally down by 0.55 percent and 0.39 percent. Nikkei is trading higher by 0.24 percent. SGX Nifty is trading 10 points up at this moment. As per the indication getting from the global peers, the Indian stock markets may open flat today.
The US markets gained on Monday after the yield on the 10 year Treasury note slipped from its recent 14-months high. The technology shares were the leading gainers on Monday, tech-heavy Nasdaq rebound after it declined the previous week. The US market index Nasdaq gained 1.23 percent while Dow and S&P 500 were up by 0.32 percent and 0.70 percent on Monday.
European markets closed mostly in the green as positive results from the AstraZeneca Covid-19 vaccine trials in the US have shown optimistic results. However, the upside remained capped as investors are worried about the extension of lockdown and plunging Turkish Lira. The Europen market indices FTSE and DAX closed higher by 0.26 percent and 0.25 percent respectively while CAC closed lower by 0.49 percent on Monday.
Indian stock market closed marginally lower today due to the concern about surges in coronavirus cases in India. Sensex and Nifty ended in the red by 0.17 percent and 0.05 percent respectively. FIIs were sellers and DIIs were buyers in the cash market segment. FIIs sold Rs 786.98 crores while DIIs bought Rs 542.70 crores in the cash market on Monday.
News that may impact the stock market live today 23 March
The RBI on Monday announced the formation of a Standing External Advisory Committee for evaluating applications for Universal Banks and Small Finance Banks. The RBI earlier decided to give banking permits on a continuous basis to candidates, a process that is commonly known as ‘on-tap licensing.
On Monday, the RBI said that the Indian government has decided to cancel its Rs 20,000 crore borrowing scheduled for March 26 on review of the current position of cash balance. This means the government would be borrowing Rs 20000 crores less than its target of Rs 12.8 lakh crores announced in the last budget for the current fiscal.
You can visit this page again to read more stock market live today, 23 March after the markets get open.
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