Stock Market Today 14 July, 2023:

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Stock Market Today: The domestic stock market continues to rally and the bull market has started today. Sensex and Nifty were trading higher. Strong business is also seen in Bank Nifty.

How was the trade in today’s opening?

As for today’s opening, BSE’s 30-share index Sensex managed to open at 65774.91 with a gain of 216.02 points or 0.33 percent. At the same time, the Nifty opened up 79.70 points or 0.41 percent at 19493.05.

US inflation falls, markets cheer

US markets closed higher for a fourth straight day and hit a 2023 high, and the Nasdaq closed up 220 points. While the S&P 500 index closed up 0.85%. With this, the Dow Jones also closed with an increase of almost 50 points. The market does not expect a rate hike after July. Meanwhile, China is trying to improve its economy. Restrictions have been eased for corporates and crude imports have hit a 3-year high.

Looking at the top 7 stocks on the Nasdaq, NVIDIA rose 4.74%, Alphabet 4.72%, Amazon 2.68%, Tesla 2.17%, Microsoft 1.62%, Meta 1.32% and Apple 0.42%. Meanwhile, the company has posted better-than-expected results. The company’s earnings rose 13% in Q2. Core constant currency EPS rose 12%.

Asian market moves

Meanwhile, Asian markets are witnessing mixed business today. The SGX Nifty is down 7.50 points. At the same time, the Nikkei is seen around 32,493.82 with an increase of about 0.23 percent. At the same time, it represents an increase of 0.61 percent in straight times. The Taiwan market is trading 0.96 percent higher at 17,224.64. While the Hang Seng is seen at the level of 19,423.58 with an increase of 0.38 percent. At the same time, the Kospi is seeing an increase of 1.14 percent. At the same time, the Shanghai Composite rose 0.16 percent to 3,241.57.

How was the market on July 13?

On July 13, the Sensex-Nifty closed higher amid heavy volatility. The Sensex ended the trading session up 164.99 points or 0.25 percent at 65558.89. At the same time, the Nifty closed up 29.50 points or 0.15 percent at 19413.80. About 1322 shares were added in today’s trade. At the same time, 2037 shares have declined. While there was no change in 129 stocks.

Movements of FIIs and DIIs

FIIs in the last trading session made Rs. 2237.93 crore shares were bought. While DII has sold shares worth Rs.1197 crore.