Indian share market today 5 May | Market Live
Indian Share Market Live Today 5 May- Sensex and Nifty are trading higher, Pharma and Banking stocks are in focus
Market Live Today 5 May: Indian share markets are continued to trade higher after the RBI Governor’s speech in the morning. The RBI Governor has announced relief measures of Rs 50000 crores to ease access to emergency health services. Under this scheme, banks can lend to vaccine manufacturers, importers/ suppliers, medical device purchasers, hospitals, oxygen/ ventilator suppliers, and other medical service providers. Das has also said the second purchase of G-Sec for Rs 35,000 crores will be conducted on 20 May.
The RBI Governor, Sakatikanta Das has said in his speech that the disruption in the manufacturing unit so far is minimal. Das has also said that RBI is not expecting any board deviation in inflation projected by the MPC this year.
The market upside remained capped as India’s PMI Services dropped three months low in April. The second wave of coronavirus and its lockdown in various states is the reason for slow growth in the service sector. Data released by the analytics from IHS Markit showed PMI for the service sector declined to 54 in April from 54.6 in the previous month.
At 12 pm IST, the key benchmark indices Sensex and Nifty are trading higher by 0.48 percent and 0.47 percent respectively. The Bank Nifty on the spot price is trading 0.95 percent up at this moment.
Sun Pharma, UPL, and Dr. Reddy’s Lab are trading as the top gainers in the Nifty50 index whereas Adani Ports, Bajaj Finance, and Tata Steel are trading as the top losers. The most active stocks at this moment in the Nifty50 index are Bajaj Finance, Tata Steel, and Adani Ports.
On a sectoral basis, Healthcare, Banking, IT & Software, and telecom sectors are trading higher whereas Infrastructure, FMCG, and Financial sectors are trading lower at this moment.
Indian share markets are trading higher ahead of RBI Governor’s speech at 10 am
Market Live Today 5 May: Indian share market today opened higher amid positive cues from other Asian market peers. Nifty opened at 14604.15 levels, up by 107.65 points while Sensex made a positive opening of 315.61 points at 48569.12 levels. The Bank Nifty on the spot price opened at 32577.10 levels up by 306.75 points from the previous day’s close.
At 9.55 am IST, Indian share markets are trading higher ahead of the RBI governor’s speech at 10 am. The key benchmark indices Sensex and Nifty are trading higher by 0.37 percent and 0.44 percent respectively. The Bank Nifty is trading 0.63 percent up from yesterday’s close.
Indian share markets are expected to open positive
Good morning and welcome to the Indian share market today 5 May at 7.55 am IST
Asian markets are trading mostly in the green on Wednesday morning. Nikkei and Shanghai are not trading today due to extended public holidays. Hang Seng is trading higher by 0.25 percent. SGX Nifty is trading 60 points up at this moment. As the Asian market cues, Indian share markets are expected to open positive today
The US markets key indices closed mostly in the red on Tuesday. The Dow Jones closed marginally higher while heavy selling pressure witnessed in Nasdaq on the back of selling tech stocks. The US indexes, Nasdaq and S&P 500 closed lower by 1.88 percent and 0.67 percent respectively whereas Dow Jones closed marginally higher by 0.06 percent on Tuesday.
European markets closed lower on Tuesday due to the heavy selling pressure in the technology share after a sudden drop in US tech stocks. The European market indices FTSE and CAC declined by 0.67 percent and 0.89 percent respectively while DAX slipped 2.49 percent on Tuesday.
Indian share market closed almost one percent lower on Tuesday amid mixed global cues. The key benchmark indices Sensex and Nifty closed lower by 0.95 percent and 0.94 percent respectively on Tuesday. FIIs were the seller and DIIs were buyers in the cash market. FIIs sold Rs 1772.37 crores whereas DIIS invested Rs 987.34 crores on Tuesday.
News that may impact the Indian share market today 5 May
The Swiss brokerage UBS on Tuesday said the lockdown and restrictions imposed due to the second wave of covid will impact the first-quarter GDP to some extent. The activity indicator of UBS India, which measures real-time economic activity fell 7 percentage points to 95 last month. The same index had plunged 12 percent in March 2020 and 25.5 percent in April last year.
As per the global rating agency S&P, India’s second wave of coronavirus could damage the near-term economic recovery and possibly diminish growth for the full year. The second wave could hit the recovery and could push growth below 10 percent, said the chief economist. Asia Pacific at S&P.
India, UK decided to wrap up the key talks on trade issues by the end of this year. Reduction or removal of tariffs on Whiskey and automotive products and removal of barriers to trade in food and drink, services, and healthcare and medical device are the objectives of Enhanced Trade Partnership (FTP) that Commerce and Industry Minister Piyush Goyal launched on Tuesday.
Today’s quarterly results- Tata Steel, Adani Enterprises, Adani Green Energy, Blue Dart, Angel Broking, Ceat, JM Financial, Deepak Nitrite, Gillette India, and others.
You can read more updates about the Indian share market today, 5 May after the market gets open.
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