Stock Market Today Live Updates: GIFT Nifty trades near flatline

nifty 50, Share Market Today Live Updates: Sensex, Nifty 50 make a firm start (File Image)

Stock Market Live: Indian frontline indices started the last trading session on a positive note. The Nifty 50 index opened above 22,500 while 30-share Sensex hovered around 74,200. On Thursday, Nifty 50 had ended the session 622 points aways from fresh highs. GIFT Nifty, which is trading at a premium of 60.50 points, has indicated a firm opening for the stock market.

Among sectoral indices, Auto, PSU Bank, Pvt Bank, Pharma, FMCG, Metal, Realty, Service sector remained in green with Metal taking a lead with gain of near 1 per cent at 9,639.35. On the other hand, IT remained the only major sectoral index to move in a downward trajectory.

Broader markets also participated in the rally with Nifty Midcap 100 inching 276.40 points, or 0.56 per cent higher at 51,719.25 while Nifty Smallcap 100 inched 78.80 points, or 0.47 per cent higher at 16,698.45.

The India VIX, or ‘Fear Index’, that indicates investors anticipation of near time volatility, remains at elevated levels of 23. In early trading today, the VIX moved 5.38 per cent in a downward direction at 22.87.

In the currency market, the Indian rupee appreciated five paise to open at 83.24 against the US dollar on the back of strong equity market and falling crude oil prices. In the previous session, the Indian currency had closed at 83.29 against the American currency.

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