Market Updates 4 June- Sensex, Nifty & Bank Nifty spot price today: Indian markets traded volatile with negative bias post-RBI policy outcome today. RBI trimmed the GDP growth and slightly raised the inflation projection for FY2021-22, which has taken negatively by the markets. Traders were also cautious ahead of the U.S monthly job data which will be announced later today. In the end, Sensex and Nifty closed marginally lower while the Bank Nifty spot price down 1 percent today.
Today’s Market Updates: Sense, Nifty, and Bank Nifty on the spot price
At the close, Nifty fell 20.10 points or 0.12 percent and closed at 15670.25 levels while Sensex declined 132.38 points or 0.25 percent and finished at 52100.25 levels. The Bank Nifty spot price slipped 357.35 points or 1 percent and ended at 35291.65 levels.
Midcap and smallcap indexes outperformed the benchmark indices today. The nifty midcap index gained 189.05 points or 0.72 percent and closed at 26551.60 levels. The Nifty smallcap index was up by 34.75 points or 0.37 percent and finished at 9475.10 levels.
The top five gainers in the Nifty 50 index for the day were Grasim, Tata Motors, Bajaj Finance, Coal India, and ONGC. the top five losers in the Nifty 50 index were Nestle, SBI, HDFC Bank, ICICI Bank, and Axis Bank. the most active stocks in the Nifty 50 index were SBI, Bajaj Finance, and reliance.
On a sectoral basis, the Finance, Metals, Infrastructure, Hospitality, and Power sectors gained the most. On the losing side Banking, FMCG, Consumer Durables, Oil & Gas, and Healthcare sectors closed lower.
Sensex and Nifty are trading lower after RBI policy announcement, Bank Nifty on spot price down 0.75%
Market live 4 June, at 12 pm: RBI has kept the policy rates unchanged, the Repo rate remains at 4%, the Reverse repo at 3.5%, and MSF and bank rate at 4.25%. The policy stance maintained at accommodative. The RBI has reduced the GDP growth forecast to 9.5% for FY 2021-22 from 10.5% earlier forecasted and CPI inflation forecast at 5.1% in FY2021-22. Indian stock markets are trading volatile and turned negative as soon as the RBI Governor Saktikanta Das announced the GDP growth numbers.
The key benchmark indices are trading lower after the announcement of the RBI policy. Sensex is currently trading 0.15 percent lower while Nifty is 0.12 percent down. The Bank Nifty spot price is trading lower 0.73 percent. The Nifty midcap and smallcap indices are trading marginally higher at this moment.
ONGC, Coal India, and IOC are trading as the top gainers in the Nifty 50 index whereas Nestle, Hindalco, and Tata Steel are trading as the top losers. SBI, Reliance, and Bajaj Finance are trading as the most active stocks in the Nifty 50 index.
On a sectoral front, the Hospitality, Finance, Infrastructure, and Auto sectors are trading higher. On the losing side Banks, Metals, and FMCG are trading lower at this moment.
Sensex, Nifty and Bank Nifty are trading flat ahead of RBI policy meet outcome.
Market Live 4 June: Indian stock markets opened flat on Friday ahead of RBI policy meet outcome. Nifty opened at 15712.50 levels, only 22.15 points up from the previous close while Sensex made a positive opening at 52367.52 levels, up by 135.09 points. The Bank Nifty spot price opened at 35657.85 levels, up by 8.85 points only.
At 9.50 am IST, Indian stock markets are trading marginally higher. The key benchmark indices, Sensex and Nifty are trading 0.12 percent and 0.10 percent higher. The Bank Nifty spot price is trading 0.05 percent up at this moment. The Nifty midcap and smallcap indices are trading more than 0.50 percent higher at this moment.
L&T, ONGC, and IndusInd Bank are trading as the top gainers in the Nifty 50 index whereas Nestle, Eicher Motors, and Hindustan Unilever are trading as the top losers. ONGC, Reliance, and Bajaj Finance are trading as the most active stocks in the Nifty 50 index.
On a sectoral basis, the Infrastructure, Finance, IT & Software, and Automobile sectors are trading higher. On the losing side, FMCG, Oil & Gas and Metal sectors are trading marginally lower at this moment.
Indian stock markets may open flat today
Good morning and welcome to the stock market live today 4 June, at 8 am IST.
Sensex, Nifty & Bank Nifty spot price level updates
Indian stock markets closed higher on Thursday ahead of RBI policy meet outcome. The benchmark indices Sensex and Nifty gained 0.74 percent and 0.73 percent respectively while the Bank Nifty spot price was up by 0.78 percent. FIIs were the buyers and DIIs were the seller in the cash market segment on Thursday. FIIs bought Rs 1079.20 crores while DIIs sold Rs 278.97 crores in the cash market on Thursday.
Europe & U.S markets Updates
European markets closed mixed on Thursday as positive eurozone business growth day and strong US.S job data lifted market sentiments on a dull day of trading. European market indexes FTSE and CAC fell 0.61 percent and 0.21 percent respectively. While DAX closed marginally higher 0.19 percent on Thursday.
The U.S markets slipped on Thursday as fresh weekly jobless claim data showed a continued recovery in the labor market. Traders are now concerns about the economic recovery as well as rising inflation and kept gauging how it will affect the Federal Reserve Monetary Policy. The U.S market indices Dow Jones and S&P 500 closed lower by 0.07 percent and 0.37 percent respectively while Nasdaq was down by 1.03 percent on Thursday.
Asian Markets live
Asian markets are trading in the red on Friday tracking the negative cues from the U.S markets overnight. Nikkei and Hang Seng are trading lower by 0.46 percent and 0.37 percent respectively. Shanghai is trading 0.33 percent down at this moment. SGX Nifty is also down 15 points trading at 15680 levels
The global market cues are negative today, Indian stock markets are expected to open flat today.
News that may impact Sensex, Nifty, and Bank Nifty indices today
On Thursday, Chief Economic Advisor K V Subramanian said the second wave of coronavirus has affected the momentum of economic recovery. However, he also pointed that he expects a recovery in the economy from July onwards as many states started relaxing/removing Covi-19 restrictions, Further speed up in vaccination drive will also boost the economic recovery.
RBI’s bi-monthly policy review is scheduled for 4 June, Friday. Analysts and experts feel that RBI will maintain the status quo and maintain the accommodative stance. Traders need to remain cautious on Friday as markets are likely to remain volatile on Friday.
Today’s quarterly results- PNB, Bank of India, Bharat Forge, MOIL, Balkrishna Paper mills IOL Chemical, Ambalal Sarabhai Enterprises, and others.
You can visit this page again to read more on Sensex, Nifty, and Bank Nifty spot price updates after the markets get open.
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Technical view on Nifty and Bank Nifty ( 31 May- 4 June)
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Editor’s desk