Stock Market Opening Bell Today, 24 June 2021
Stock Market Opening Bell Today, 24 June: Nifty trading near 15750 levels, IT stocks are in focus
At Stock Market Opening Bell Today, 24 June: Indian stock markets opened higher on Thursday as indicated by the other Asian market peers. Nifty opened at 15737.30 levels, made a positive opening of 50.35 points while Sensex opened at 52514.57 levels, up by 208.49 points. The Bank Nifty spot price made a gap up opening of 113.7 points at 34687.70 levels.
At 11 am IST, the key benchmark indices are trading higher. The Sensex and Nifty are trading 0.51 percent and 0.40 percent respectively. The Bank Nifty spot price is trading higher by 0.52 percent.
Infosys, L&T, and TCS are trading as the top gainer in the Nifty 50 index whereas Reliance, Coal India, and Adani Ports are trading as the top losers. Reliance, Adani Ports, and Infosys are trading as the most active stocks in the Nifty 50 index.
On a sectoral basis, IT and Software, Infrastructures, Banks, and Automobile sectors are trading higher whereas Oil & Gas, Healthcare, Telecom, and Insurance sectors are trading in the red.
Indian stock markets are likely to open higher
Good morning and welcome to the stock market opening bell today, 24 June at 7.55 am IST
Asian markets are mostly trading in the green on Thursday. Nikkei and Hang Seng are trading higher by 0.16 percent and 0.25 percent respectively. Shanghai is trading lower by 0.32 percent at this moment. SGX Nifty is up by 23 points and trading at 15720 levels. The indication getting from the Asian markets is positive for the domestic market. The Indian stock market indexes are likely to open higher today.
The U.S market indexes closed mixed on Wednesday, Nasdaq composite hits another new record high. The U.S indices, Dow Jones, and S&P 500 closed lower by 0.21 percent and 0.11 percent respectively while Nasdaq closed higher by 0.13 percent on Wednesday.
European market indexes closed in the red on Wednesday as inflation worries overshadowed the data showing a rise in business activity in June. European Indexes, CAC, and DAX were down by 0.91 percent and 1.15 percent respectively. While FTSE fell 0.22 percent on Wednesday.
Indian stock markets closed lower on Wednesday amid positive global cues. The key benchmark indices, Sensex and Nifty fell 0.54 percent on 23 June. FIIs and DIIs were buyers in the cash market segment. FIIs bought Rs 3156.53 crores while DIIs bought Rs 1317.20 crores in the cash market on Wednesday.
News that are likely to impact the stock market after the opening bell today
On Wednesday 23, June the Department for Promotion of Industry and Internal Trade ( DPIIT ) released the data and showed that the country’s inbound Foreign Direct Investment (FDI) grew by 60 percent to $4.4 billion in April.
The figures showed that the total FDI inflow, which includes reinvested earnings and other capital inflow, rose to $6.24 billion, a 38 percent jump from April last year. As per the government, the rise in FDI is due to sustained policy reform, investment facilitation, and ease of doing business.
Indian household’s savings continued to increase in financial instruments such as deposits, stocks, bonds, cash, and pension products during the pandemic period. In the terms of percentage of GDP, fresh flows of financial savings rose to 12.7 percent of GDP in Q3 2020-21 from 10.6 percent in the same period a year ago, largely driven by investments in deposits, small savings, and equities, as per the latest RB data showed.
You can visit again to read more updates on the stock markets, after the opening bell today 24 June.
You may also like to read, Nifty and Bank Nifty Prediction for Tomorrow, 24 June 2021
Stock Market Prediction Next Week ( 21-25 June)
Happy Investing !!
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