Indian Stock Market Live for 1 June- Morning Updates
Market Live for 01 June: Indian stock markets are trading higher, financial stocks are in focus
Market Live Today June 1: Indian stock market opened in green on Tuesday as indicated by the SGX Nifty in the morning. Sensex opened at 52067.51 levels, up by 139.07 points while Nifty made a positive opening of 46.85 points at 15629.65 levels. The Bank Nifty on the spot price opened higher at 35639.75 levels, up by 113.1 points from the previous close.
At 9.45 am IST, markets are trading almost half a percent higher from Monday’s close. The key indices Sensex and Nifty are trading at 0.43 percent and 0.36 percent respectively. The Bank Nifty on the spot price is trading 0.32 percent up.
ONGC, Bajaj Auto, and HDFC are trading as the top Nifty 50 gainers whereas Tata Steel, JSW Steel, and TCS are trading as top losers. The most active stocks at this moment in the Nifty 50 index are Reliance, SBI, and HDFC.
On a sectoral basis, barring Metals and IT & Software all other sectors are trading in the green today. The sectors that are supporting the market to trade higher are Financial, Oil & Gas, Capital Goods, and Automobiles.
Indian stock markets are likely to open in green
Good morning and welcome to the Indian stock market forecast for 1 June, at 7.35 am IST
Asian markets are mostly trading in the green zone on Tuesday morning. Nikkei is trading 0.34 percent down whereas Hang Seng is trading higher by 0.19 percent. Shanghai is trading marginally lower by 0.08 percent at this moment. The SGX Nifty is trading 64 points up at 15644 levels. The indication getting from the SGX Nifty is positive for the Indian stock market today, markets are likely to open in green.
On the global front, the U.S and UK stock markets were observed holiday on Monday, keeping low trading volume across the board in Europe. The European market index CAC and DAX closed lower by 0.57 percent and 0.64 percent respectively.
Indian stock markets extended their previous day’s rally and closed almost 1 percent higher on Monday. The Nifty hits a new high and gained 0.95 percent while Sensex was up by 1 percent. FIIs and DIIs both were buyers in the cash market segment.FIIs bought Rs 2412.39 crores while DIIs bought Rs 179.78 crores in the cash market segment on Monday.
News that may impact the Indian stock market prediction today 1 June
On 31 May, the data released by the National Statistical Office showed that India’s GDP growth for FY2020-21 contracted by 7.3 percent. The GDP for the last quarter ( January-March 21) grew by 1.6 percent. The contraction is due to the Covid-19 and is much better than was expected by RBI i.e 8 percent.
Nomura on 31 May said that India’s declining pace of business activity has bottomed out as momentum gathered pace last week, after falling 11- week due to the second wave of Covid-19. The Nomura India Business Resumption Index (NIBRI) picked up to 63.6 for the week ended May 30, from a low of 60.3 a week earlier, the Japanese brokerage house said on Monday.
Today’s quarterly results- ITC, Gujarat Gas, Radico Khaitan, KJMC Financial Services, Balrampur Chini Mills, Solitaire Machine Tools, and others.
You can visit this page again to read more Indian stock market forecast after the market gets open
You may also like to read, Nifty 50 Technical Analysis for June 1, 2021
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