Stock Market Today LIVE: Sensex drops over 100 points, Nifty 50 below 25,800; IT stocks lead

Stock Market Today LIVE: The Indian stock market opened higher on Thursday, February 19, following a rally in global markets. The Sensex opened 235.57 points, or 0.28%, higher at 83,969.82, while the Nifty 50 gained 54.00 points, or 0.21%, to open at 25,873.35.

Broader markets supported the upside movement in the Indian stock market today, as the Nifty Smallcap 100 and the Nifty Midcap 100 indices inched higher.

Among sectors, Nifty IT, Nifty Metals, Nifty Pharma, and Nifty PSU Banks were trading in the green, while Nifty FMCG, Nifty Private Bank and Nifty Realty traded lower.

Globally, Asian markets traded higher, with South Korea’s Kospi index hitting a fresh record high. On Wall Street overnight, all three major indices of the US stock market ended higher, lifted by gains in technology stocks.

Gold, Silver Prices Today

In the commodity market, gold and silver prices traded lower after as the US dollar firmed ahead of a key US inflation report due later this week. Spot gold prices dipped 0.4% to $4,961.57 per ounce, while US gold futures for April delivery were down 0.6% at $4,981. Spot silver price eased 0.5% to $76.83 per ounce after dropping more than 5% in the previous session.

MCX gold rate today for April futures contracts opened lower by ₹629, or 0.40%, at ₹1,55,132 per 10 grams as against its previous close of ₹1,55,761 level. MCX silver price for March futures contracts opened lower by ₹1,829, or 0.74%, at ₹2,42,439 per kg as against its previous close of ₹2,44,268 level.

Stocks to Watch Today

Dr Reddy’s Laboratories, Hindustan Unilever (HUL), Cochin Shipyard, TVS Motor Company, Jindal Saw, Zydus Lifesciences, NCC, Pace Digitek, and other stocks will be in focus today, on 19 February.

Stay tuned to our Stock Market Today Live Blog for the latest updates.