Stock Market Live Today: Nifty trading near 17900
Stock Market Live Today: Indian stock markets opened slightly higher on Friday, tracking gains from Asian markets. Nifty today opened at 18008.05 levels up by 15.9 points while Sensex made a positive opening of 35.47 points at 60388.74 levels. Soon after opening higher markets turned negative and trading at almost 0.50 percent cut at this moment.
The market participants preferred to stay sidelines and avoided taking any long positions ahead of the kickstart of earning season in the coming week. The mixed global cues and persistent selling by foreign institutes dampened the market sentiments today. Further, the investors remained cautious ahead of the US monthly job data, which is expected later in the day
The downside of the market is limited as some support came in after the commerce and industry ministry said that the foreign direct investment (FDI) inflows will improve in the coming months despite global headwinds.
Stock Market Live Today
Market Live at 12.35 pm IST, the Indian stock market indices, Sensex and Nifty are trading lower by 0.51 percent and 0.50 percent respectively. The Bank Nifty is down by 0.87 percent at 12.35 pm IST. The broader markets are also trading lower at this moment, as Nifty midcap and smallcap indexes are trading lower by 0.61 percent and 0.69 respectively at this time.
Among the sectors, Nifty FMCG, Energy, and Metals are trading higher whereas IT, Media, and Banks are trading in the red. SBI Life Britannia and M&M are the top gaining stocks in the Nifty 50 index while Bajaj Finserv, Coal India, and Bajaj Finance are trading as the top losers
Stocks in News Today
The share of IDBI Bank jumped over 7.5% and is trading at Rs 58.80 after the Securities and Exchange Board of India (SEBI) has given its nod for reclassification of the government’s shareholding in IDBI Bank as “public” following its stake sale, as per a regulatory filing.
The share of PSP projects rose more than 2 % on intraday and is currently trading at RS 754.60 per share, extending above 11% gains in the sixth straight trading session. The share has outperformed by over 20% in the past month, as compared to a decline of about 3.9 % in Sensex.
State-owned Rail Vikas Nigam Ltd (RVNL) on Thursday said that it has bagged a project worth Rs 166 crore from Gujarat Metro Rail Corporation (GMRC). The project is expected to be completed within 22 months. The share price of Rail Vikas Nigam gained over 1% and is training at Rs 72.95 per share
The drug maker Alembic Pharma has received final approval from US Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA), Fesoterodine Fumarate extended-release tablets, 4mg, and 8mg. The share price of Alembic Pharma is trading lower by 0.62% at Rs 565 per share
Also, read Algo Trading Definition: Pros and Cons of Algorithmic trading
Tradingview India Review 2022- You Must Read
If you like the post “Stock Market Live Today: Nifty trading near 17900” please share it with others
Happy Investing!
Editor’s Desk
