Stock market live today- Indian markets are trading flat
Stock Market Live Today 19 May: Sensex and Nifty are trading marginally higher
Indian markets today 19 May: Indian stock market opened lower on Wednesday, tracking the negative cues from the global peers. The Nifty opened at 15058.60 levels, made a negative opening of 49.5 points while Sensex made a negative opening of 104.52 points, and opened at 50088.81 levels. The Bank Nifty on the spot price made a gap-down opening of 205.3 points at 33717.10 levels.
At 10 am IST, Indian stock markets recovered their early losses and trading almost flat. The key benchmark indices, Sensex and Nifty are trading marginally higher by 0.07 percent and 0.09 percent respectively. The Bank Nifty on the spot price is trading marginally lower by 0.12 percent.
UPL, Grasim and SBI are trading as the top gainers in the Nifty 50 index whereas Tata Motors, M&M, and ONGC are trading as the top losers. The most active stocks in the Nifty 50 index at this moment are Tata Motors, UPL, and SBI.
On a sectoral front, IT & Software, Real Estate, Healthcare and Infrastructure sectors are trading higher. On the losing side, Oil & Gas, FMCG, Banking, and Auto sectors are trading marginally lower.
The top things you should know before the stock market opens today 19 May
Good morning and welcome to the updates before the stock market opens today 19 May at 7.50 am IST
Asian markets are trading negatively on Wednesday. Nikkei and Shanghai are trading lower by 1.51 percent and 0.53 percent respectively. Hang Seng is not trading today due to a public holiday. SGX Nifty is trading 97 points down at this moment. The global market cues are negative for the Indian markets. The Indian stock/share market is likely to open negative today.
US stock market indices slipped on Tuesday as profit booking seen in banks, industrial items, energy, and raw material produces. A choppy trading session was seen on Tuesday due to the concerns about a rise in inflation. The US market indices Dow and S&P 500 fell 0.78 percent and 0.85 percent respectively while Nasdaq was down by 0.56 percent on Tuesday.
European market indices closed almost flat on Tuesday, but off their worst levels, as investors cheered the ongoing relaxation of coronavirus restrictions, UK’s job data, and positive earnings updates. The European markets CAC and DAX closed marginally lower by 0.21 percent and 0.07 percent whereas FTSE closed higher by just 0.02 percent on Tuesday.
Indian stock market closed higher on Tuesday as the second wave of Covid-19 started controlling in several places in the country. The Sensex and Nifty jumped 1.26 percent and 1.24 percent respectively on Tuesday. FIIs and DIIs both were buyers in the cash market. FIIs bought Rs 618.49 crores while DIIs bought Rs 449.52 crores in the cash market on Tuesday.
News you should know before the stock market opens today, 19 May
The fall in new covid cases in India has raised hope for the traders for economic recovery. India reported a total of 2,63,533 new Covid cases on Tuesday, the new cases have come below 3 L for the second consecutive day.
The government has given permission to Bharat Biotech’s covid-19 vaccine to conduct clinical trials on children between the ages of 2 and 18 years. The trails will start within 10 days.
According to data from market intelligence platform Bizcom, the sales of overall personal care products declined 33.8 percent month-on-month in April.
The second wave of coronavirus has hit the sales of personal care products such as shampoos, conditioners, face cream, and face washes. Whereas the products in the essential items such as soaps and sanitizers have witnessed a spike in demand.
Today’s quarterly results- Indian Oil Corporation, Indiabulls Housing Finance, Gravita India, Indo Rama Synthetics, JK Tyre & Industries, Kaya, MAS Financial Services, Heritage Foods, Endurance Technologies, and others
You can visit this page again to read more updates after the stock market opens today 19 May
You may also like to read Support and Resistance for Nifty, Bank Nifty (19 May 2021)
Nifty and Bank Nifty share price target for (17-21 May)
Happy Investing !!
Editor’s Desk
