Indian stock market live today 4 August- Morning Updates
Indian Stock Market Live Today, 4 August- Sensex and Nifty are trading at an all-time high
Market Live Today, 4 August: Indian stock markets opened higher on Wednesday amid positive global cues. The benchmark indices Sensex and Nifty are trading at an all-time high. Nifty opened at 16195.25, up by 64.5 points while Sensex made a gap up opening of 247.86 points at 54071.22 levels. The Bank Nifty spot price also made a positive opening of 180.7 points at 35388.15 levels.
At 10 am IST, Indian stock market indices, Sensex and Nifty are trading higher by 0.93 percent and 0.81 percent respectively. The Bank Nifty spot price is trading 1.24 percent up from the previous closing.
HDFC, ICICI Bank, and Shree Cement are trading as the top gainers in the Nifty 50 index whereas Tata Consumer, Bharti Airtel, and ONGC are trading as top losers. the most active stocks in terms of value at this moment are HDFC, Tata Steel, and SBI.
On a sectoral basis, Metals, Banking, Finance, Insurance, and Oil & Gas sectoral are trading higher. The sectors that are trading in the red are Telecom, FMCG, and Realty.
Indian stock markets are likely to open higher
Good morning and welcome to the Indian stock market live today 4 August at 7.50 am IST
Asian markets are mostly trading in the green on Wednesday tracking the positive cues from Wall Street overnight. Nikkei is trading almost flat whereas Hang Seng is trading lower by 1.31 percent. Shanghai is trading higher by 0.49 percent. SGX Nifty is trading 81 points up at 16246 levels. The indications getting from the Asian markets are positive. Indian stock markets are likely to open a gap-up today.
The US markets climbed on Tuesday bouncing back from their earlier losses due to strong corporate earnings. The US market indexes, Dow and S&P 500 gained 0.80 percent and 0.82 percent respectively. While the tech-heavy Nasdaq was up by 0.55 percent on Tuesday.
In European markets, strong corporate earnings reported by heavyweights including BP and Standard Chartered closed most of the index higher. However, gains remain capped due to the concerns over rising Delta variant cases and China’s regulatory moves. European market index FTSE and CAC closed higher by 0.34 percent and 0.72 percent respectively. Whereas DAX was down by 0.09 percent on Tuesday.
Indian stock markets continued their northward journey on Tuesday amid negative cues from the Asian markets. The benchmark indices, Sensex and Nifty touched a new record high on Tuesday. Sensex gained 1.65 percent while Nifty was up by 1.55 percent respectively. FIIs were the buyers and DIIs were the seller in the cash markets. FIIs bought Rs 2116.60 crore while DIIs sold Rs 298.54 crore on Tuesday.
News that may impact the Indian stock market live today, 4 August
On 3 August, the government informed parliament that it expects the total debt as a percentage of GDP to increase to 61.7 percent (provisional) in 2021-22 from 60.5 percent (provisional) in the previous year. Similarly, public debt would also rise to 54.2 percent in the current financial year compared to 52 percent in 2020-21.
IHS Markit Service PMI data for the month of July will be announced today during market hours. The Service PMI for June was 41.2 and declined from 46.4 in May. In the month of July, Service PMI is expected to see growth due to ease of covid related restrictions.
You can visit this page again to read more on the Indian stock market live today 4 August after the market gets open.
You may also like to read, Nifty | Bank Nifty Prediction for Tomorrow, 4 August 2021
Expert view on Bank Nifty & Nifty for Next Week ( 2- 6 Aug)
Happy Investing !!
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