Indian Stock Market Live Updates Today 7 April 2021
Indian Stock Market Live Today, 7 April: RBI maintains the status quo, markets are trading higher
Market Live today 7 April at 10.55 am: RBI keeps the interest rate unchanged and maintains an accommodative stance. The GDP growth outlook for FY22 is maintained at 10.5 percent. The RBI Governor Shaktikanta Das said the CPI inflation for Q4FY21 is at 5 percent and not 5.2 percent which was forecasted earlier. The MPC forecasts CPI inflation of 5.2 percent in Q1 and Q2 of FY22, 4.4 percent in Q3, and 5.1 percent in Q4
The Indian stock markets reacted positively after the announcement of the RBI monetary policy. A profit booking seen at higher levels as Indian service PMI lost some momentum due to restrictions imposed to curb coronavirus pandemic.
At 10.55 am IST, Sensex and Nifty are trading higher by 0.81 percent and 0.83 percent respectively. While Bank Nifty on the spot price is trading 0.75 percent higher.
JSW Steel, Tata Steel, and Nestle are trading as the top gainers in the Nifty 50 index whereas Tata Cons. Product, TCS, and Wipro are trading as the top losers. The most active stocks at this moment are Adani Ports, Tata Steel, and Reliance.
On a sectoral basis, barring IT & Software and Power all other sectors are trading in the green. Metals, Oil & Gas, Insurance, Automobiles sectors are trading as the top gainers at this moment.
Indian stock markets are trading higher ahead of the RBI Monetary Policy outcome.
Market live today 7 April: It was a flat start for the Indian stock market today amid mixed cues from the Asian market peers. Nifty opened at 14716.45 levels, up by 32.95 points. Sensex opened at 49277.09 levels, made a positive opening of 75.7 points. The Bank Nifty on the spot price made a positive opening of 28.35 points at 32529.70 levels.
At 9.50 am IST, Indian stock markets are trading in the green. The benchmark indices Sensex and Nifty are trading higher by 0.60 percent and 0.61 percent respectively. The Bank Nifty on the spot price is trading 0.67 percent higher ahead of the RBI monetary policy outcome at 10 am
Indian stock market may open flat today
Good morning and welcome to the Indian stock market live today, 7 April at 8 am IST
Asian markets are trading mixed today. Nikkei and Hang Seng are trading lower by 0.05 percent and 0.22 percent respectively while Shanghai is trading 0.63 percent down. The SGX Nifty is trading 15 points up at this moment. The Indian stock markets may open flat as per the indication getting from the Asian markets.
The US markets closed marginally lower on Tuesday a day after hitting all-time highs on the sign of rapid economic recovery. The US market indices Dow and S&P 500 fell 0.29 percent and 0.10 percent respectively while Nasdaq was down 0.05 percent on Tuesday.
The European market indices closed at a record high on Tuesday recovering all of their pandemic-driven losses as investors bet on a speedy global economic recovery. The optimism in the market is due to heavy stimulus spending in the US and progress in the coronavirus vaccination program. The European market indices CAC and DAX gained 0.47 percent and 0.70 percent respectively. FTSE was up by 1.28 percent on Tuesday.
Indian stock market closed almost flat on Tuesday amid mixed global market cues. The benchmark indices closed marginally higher by 0.09 percent and 0.31 percent respectively. FIIs were the sellers and DIIs were the buyers in the cash market segment. FIIs sold Rs 1092.75 crores while DIIs bought Rs 416.59 crores in the cash segment on Tuesday.
News that may impact the Indian stock market live today, 7 April
International Monetary Funds (IMF) on Tuesday projected an impressive 12.5 percent growth rate for India in 2021. According to IMF, India is the only country expected to register a double-digit growth rate this fiscal. IMF also expects the World economy to grow at 6 percent, earlier it was forecasted 5.5 percent growth in January.
The Reserve Bank of India (RBI) will announce its bi-monthly monetary policy meeting outcome today. Market experts are of the view that RBI will maintain the status quo on policy rates with an accommodative policy stance. However, traders should closely watch out for the commentary on growth and inflation today in the policy meeting. The Service PMI data will also release today in the morning.
You can visit this page again to read more about the Indian stock market live updates after the markets get open.
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