Stock Market Live: Nifty trading above 17K amid positive global cues

 

Stock Market Live Updates Today 21 March 2023: Indian stock market indexes opened higher on Tuesday amid positive cues from global markets, as fears related to the banking crisis in US and Europe seemed to subside. The Nifty index opened at 17060.40 levels, up by 70 points, while Sensex opened positively at 334.32 points at 57963.27 levels. The domestic markets are trading above their neutral line comfortably in the morning deals.

Sensex and Nifty are trading above their psychological levels of 57,800 and 17,000  respectively. As sentiments got boosted after the Finance Ministry said the Indian economy is expected to grow at 7 percent in FY23 despite global headwinds. 

However, the upside remained capped as foreign investors are continuously selling in the domestic markets. The National Stock Exchange’s provisional data showed foreign institutional investors (FII) sold shares worth Rs 2,545.87 crore on March 20. Indian markets trimmed some early gains as the SKYMET report said there is a possibility of below-normal monsoon this year.

 

Stock Market Live Today 

 

Stock Market Live at 12 pm IST, the Indian stock market indices, Sensex and Nifty are trading higher by 0.25 percent and 0.24 percent respectively. The Bank Nifty is trading up by only 0.12 percent at 12 pm IST. The broader markets are also trading higher in line with their larger peers, as the Nifty mid and smallcap indexes are trading up by 0.13 and 0.48 percent respectively.

Among the sectors, the Media, Energy, and PSU Bank are trading higher while the IT, FMCG, and Realty sectors are trading in the red at this moment.

The top-gaining stocks in the Nifty 50 index are HDFC Life, Reliance, and Titan the top-losing stocks are Power Grid, TechM, and HUL

The most active stocks in NSE in terms of value are Reliance, HDFC Bank, and SBI, and in terms of volume are Tata Steel, SBI, and ICICI Bank.

 

Global Market Cues

 

Meanwhile, on the global front Asian markets are in green on Tuesday after following the relief rally overnight from Wall Street in hopes that banking turmoils have eased. The upside remained capped as Investors remained cautious ahead of the US Fed meeting which is starting on Tuesday. The US future indexes, Dow and Nasdaq futures are trading marginally higher at this moment.

Also, read   Stock Market Prediction Next Week (20-24 March 2023) 

                   Trade Setup for Tuesday 21 March: Stock Market News  

                    

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