Indian Share Market Live Today 2 Feb 2021
Market live today 2 Feb: Indian Share Markets are trading higher, Bank Nifty touched new high
Market live today 2 Feb at 10 am IST: Indian share market extended its upward journey as investors have become bullish after the Union Budget presented on Monday and positive global market cues. Nifty and Sensex made a gap up opening today. Nifty opened at 14481.10 level, up by 199.9 points while Sensex opened made a gap up opening of 592.65 points and opened at 49193.26 levels. The Bank Nifty on the spot price also opened higher at 33589.05, up by 500 points.
At 10 am IST Nifty and Sensex are trading higher by 3.07% and 3.10% respectively while Bank Nifty on the spot price is trading 4.18% higher.
Tata Motors, Larsen, and HDFC are trading as the top gainers in the Nifty index whereas Hero Motorcop, HDFC Life, and Dr. Reddy’s Lab are trading as the top losers. Tata Motors, HDFC Bank, and SBI are trading as the most active stocks in the Nifty index at this moment.
On a sectoral front, all sectors are trading higher at this time. The sectors that are leading are Banking & Finance, Automobiles, and Infrastructure.
Indian share market will open gap up today
Good morning and welcome to the Indian share market live today, 2 Feb 2021 at 8 am IST
Asian markets are trading positive today. Nikkei and Hang Seng are trading higher by 0.91% and 1.79% while Shanghai is trading 0.32% up. SGX Nifty is trading 108 points up at this moment. The global market cues are positive for the Indian share market today.
The US stock market bounced back on Monday after the worst weekly fall since October as the online day trading crowd turning its sights on the silver market. The US market indices Nasdaq and S&P 500 gained 2.55% and 1.61% respectively while Dow closed higher by 0.76% on Monday.
European markets closed higher on Monday due to the rise in shares of miners after an ongoing retail frenzy shifted its attention to silver. The European market indexes CAC and DAX gained 1.16% and 1.41% respectively while FTSE closed higher by 0.92% on Monday.
Indian share markets closed strong on Monday as investors give thumbs up to the Union Budget 2021. The Sensex and Nifty jumped 5% and 4.74% respectively on 1 February 2021. FIIs were buyers and DIIs were the seller on the 1st day of the month. FIIs bought Rs 1494.23 crores and DIIs sold Rs 90.46 crores in the cash market segment on Monday.
News that may impact the Indian share market live today 2 Feb 2021
As per the UOB Group, the US GDP data is forecast to expand 4.5% in 2021, earlier in Dec 2020 it was projected 2.8%. This is slightly optimistic compared to the IMF’s latest revised 5.1% US GDP growth forecast in January 2021.
Todays’s quarterly results- HDFC, Balrampur Chini Mills, Dhampur Sugar, Ajanta Pharma, Escorts, Dixon Technologies, NOCIL, IIFL Wealth Management, Tata Consumer products, Wonderla Holidays, etc
You can visit this page again to read more on the Indian share market live today, 2 Feb, after the markets get open.
You may also like to read, Nifty and Bank Nifty futures prediction for 2 Feb 2021
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Happy investing !!
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