Stock Market Today 17 July, 2023: Sensex, Nifty Open At Record Highs, Bank Nifty Above 44850

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Stock Market Today: The domestic stock market got off to a good start on the first business day of the week today, trading at record highs. The NSE Nifty opened at a new all-time high of 19612. The Sensex is trading near all-time highs.

At what level did the market open today?

Today’s trade started on a strong note with the NSE Nifty opening at a record high of 19,612.15, up 47.65 points or 0.24 per cent. BSE’s Sensex also opened at 66,148.18 with an increase of 87.28 points or 0.13 percent.

Movement of Sensex and Nifty stocks

Out of 30 stocks of Sensex, 23 stocks are trading with gains and 7 stocks are trading with losses. Apart from this, out of 50 stocks of NSE Nifty, 38 stocks are bullish and 12 stocks are trading with weakness.

What is the status of Sensex shares?

Sensex touched a high of 66,189.50 today and the bulls included PowerGrid, Wipro, Tech Mahindra, Asian Paints, Sun Pharma, ITC, Tata Steel, Nestlé, SBI, Bajaj Finance, Infosys, HUL, Ultratech Cement, Asian Paints, Maruti, L&T, IndusInd. Shares of Bank, HCL Tech, Reliance Industries, Kotak Mahindra Bank and Bajaj Finserv are seeing a rise.

How does the sectoral index picture?

If we look at the sectoral index, weakness is seen in the shares of banks, private banks, autos and financial services. On the other hand, the rest of the sectoral indices are witnessing business with green signs of growth.

US market

Weakness was observed in the market here on Friday. The S&P 500 and Nasdaq indices closed lower even after strong results from major banks. However, the Dow Jones closed up about 0.33%. Prior to this, the news of softening inflation had seen a bullish trend in the last 4 trading sessions.

European market

European stock markets closed lower on Friday after five sessions of gains. The Stoxx 600 index closed down 0.1 percent. Recent gains in tech stocks were sustained. This was up 1.2 percent, while telecom shares fell 1.3 percent after Nokia cut its sales and margin outlook and Ericsson downgraded its results. Oil and gas fell 2.1 percent and mining stocks fell 1 percent.

Asian market

Asian markets are witnessing mixed business. Gift Nifty is seeing an increase of 16.50 points. At the same time, the strait times showed weakness of 0.22 percent. The Taiwan market is trading up 0.27 percent at 17,330.13. At the same time, the Kospi is trading down 0.35 percent.

Statistics of FIIs-DII

Continued buying from foreign institutional investors continued this month. On Friday, FIIs invested Rs. 2,636.43 crore worth of shares were bought. Whereas, DII on this day cash market Rs. 772.45 crore worth of shares were sold.

Shares falling under F&O restriction on NSE

RBL Bank, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, Manappuram Finance and Punjab National Bank are the 6 stocks under F&O ban on NSE on 17th July. Let us tell you that if the position in the securities exceeds their market wide position limit, the stocks included in the F&O segment are placed in the restricted category.

How was the market performance on July 14?

The market closed higher on July 14. Nifty closed around 19600 amid all-round buying in the market. The Sensex ended the trade up 502.01 points or 0.77 percent at 66060.90. While the Nifty closed at 19564.50 with an increase of 150.70 points or 0.78 percent. Today around 2158 stocks closed with gains. There are 1161 shares down. While there was no change in 142 stocks.

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