Indian stock market indices today, 7 June – Morning Report
Indian Stock Market Indices Live today, 7 June- Sensex and Nifty are trading marginally higher, metals are up
Market Live Today, 7 June: Indian stock market indices opened higher on Monday as indicated by the global peers. The Nifty index opened at 15725.10 levels, up by 54.85 points while Sensex made a positive opening of 131.33 points at 52231.38 levels. The Bank Nifty spot price opened at 35460.80 levels, up by 16915 points from the previous close.
At 9.45 am IST, Sensex and Nifty are trading marginally higher by 0.02 percent and 0.18 percent respectively. The Bank Nifty spot price is also trading slightly higher by 0.18 percent.
Coal India, Tata Motors, and Tata Steel are trading as the top gainers in the Nifty 50 index whereas Bajaj Finance, Bajaj Finserve, and HDFC are trading as the top losers. The most active stocks at this moment in the Nifty 50 index are Bajaj Finance, Tata Motors, and Tata Steel.
On a sectoral basis, barring the Financial sector, all other major sectors are trading in the green. The top gaining sectors at this moment in NSE are Metals, Power, Automobiles, Capital goods, and Banking
Indian stock market Indices are likely to open positive today
Good morning and welcome to the morning report of Indian stock market indices today, 7 June at 7.45 am IST
Asian markets are mostly trading in the green on Monday following the positive cues from Wall Street on Friday. Nikkei and Shanghai are trading higher by 0.11 percent and 0.13 percent respectively. Hang Seng is trading lower by 1.01 percent on Monday. SGX Nifty is trading higher by 26 points at 15735 levels. The indications getting from other Asian market peers are positive for the Indian stock market indices today.
The U.S stock market rose on Friday as the employment report showed the labor market continued its slow recovery in May. The data showed that the labor market is improving, but not at a pace that will make the Federal Reserve rush to reduce additional support from the economy. The U.S market indexes, Dow Jones and S&P 500 gained 0.52 percent and 0.88 percent respectively while Nasdaq was jumped 1.47 percent on Friday.
European stock market indices inched higher on Friday in cautious trading ahead of U.S job data and on hopes of economic recovery. The European market index FTSE and CAC gained 0.07 percent and 0.12 percent respectively while DAX was up by 0.39 percent on Friday, 4 June.
The Indian stock market indices edge lower after the announcement of RBI monetary policy on Friday, 4 June. The key benchmark indices Sensex and Nifty closed lower by 0.25 percent and 0.13 percent respectively. FIIs were the buyers and DIIs were the seller in the cash market segment on Friday. FIIs bought Rs 1499.37 crores whereas DIIs sold Rs 1175.01 crores in the cash market on Friday.
News that may impact the Indian stock market indices today Live
As the data showed by RBI, the country’s foreign exchange reserves jumped up by around $ 5.271 billion to touch a record high of $598.165 billion dollars during the week ended 28 May. According to RBI’s weekly statistical supplement, India’s previous week’s reserve was $592.894 billion.
India’s Goods and Services Tax (GST) collection for the month of May stood at Rs 1,02,709 crore as per data released by the Ministry of Finance on Saturday. GST for the month of May has slipped from 1.41 lakh crores due to second wave lockdown and its restrictions. But it has stayed above one lakh crore for the eight months in a row.
According to RBI’s consumer confidence survey, India’s consumer confidence has hit a record low of 48.5 in May 2021 from 53.1 in March 2021. Under the Index, 100 is the level that divides optimism and pessimism.
You can visit again to read more updates about the Indian stock market indices today 7 June, after the markets get open.
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