Nifty ends near 17900 levels, top gainers and losers, 8 Oct
Nifty ends near 17900 levels, Sensex closes above 60K today
Indian markets closed more than a half percent after the RBI policy announcement on Friday. At the close, Nifty gained 104.85 points or 0.59 percent and closed at 17895.20 levels. The Sensex closed higher by 381.23 points or 0.64 percent and finished at 60,059.06 levels. The Bank Nifty closed almost flat today, on spot levels, it gained 22.05 points or 0.06 percent and ended at 3775.25 levels.
The border markets also gained in line with their larger peers. The Nifty midcap index gained 133.30 points or 0.43 percent and closed at 31437.75 levels. The Nifty smallcap index was up by 137.70 points or 0.23 percent and ended at 11305.70 levels.
The top five gainers in the Nifty index were Reliance, Wipro, Infosys, Tata Motors, and Tech Mahindra. The top five losers in the Nifty index were SBI Life, NTPC, Hind. Unilever, Kotak Bank, and Shree Cement. The most active stocks in the Nifty index in terms of value were Tata Motors, Reliance, and Tata Steel. The most active stocks in terms of volume were Tata Motors, ONGC, and Coal India.
On a sectoral front, IT, Media, PSU Bank, Oil & Gas, and Auto sectors closed higher today. The sectors that closed in the red were Realty, Financial Services, FMCG, and Pharma.
Indian stock markets are trading higher, RBI maintains the status quo
Indian stock markets continue to trade higher amid strength across global markets. The market sentiments improved further after the Reserve Bank of India’s monetary policy committee keeps the repo rate steady at 4% and retaining an accommodative stance to help revive the economy, which is facing a slowdown due to the Covid-19 pandemic. RBI governor Das says India’s FY22 growth seen at 9.5% and CPI inflation targets lower to 5.3% from 5.7%
Market sentiments got further boost with commerce and Industry minister Piyush Goyal’s statement that the US has huge investment surpluses that can be used in developing infrastructure in India and make it a manufacturing base to help the American economy grow and provide goods and services at affordable and competitive prices.
Market live at 1.25 pm: Indian stock market indexes are trading firm in the afternoon session. Sensex and Nifty are trading higher by 0.56 percent and 0.51 percent respectively. The Bank Nifty spot price erased all intraday gains and trading marginally lower by 0.14 percent. Nifty midcap and smallcap indexes are trading higher by 0.17 percent and 0.80 percent respectively.
On a sectoral front, Nifty IT, Metals, and Media are trading higher whereas Realty, FMCG, and PSU banking sectors are trading in the red.
Indian stock markets are trading higher ahead of RBI Policy
Indian stock market indexes opened higher ahead of RBI Policy. The positive global market cues supported the markets to open higher today. Nifty opened at 17886.85, up by 96.5 points while Sensex made a positive opening of 282.56 points at 59960.39 levels. The Bank Nifty spot price also made a positive opening of 153.2 points at 37906.40 levels.
At 9.35 am, the benchmark indices, Sensex and Nifty are trading higher by 0.37 percent and 0.44 percent respectively. The Bank Nifty spot price is trading marginally higher at 0.12 percent. The Nifty midcap and smallcap indexes are also trading higher by 0.41 percent and 0.51 percent respectively.
The top gaining stock in the Nifty index are Tata Steel, Tata Motors, and Hindalco, the top losing stocks at this moment are Coal India, HCL Tech, and Asian Paints. Nifty metals, auto, and media sectors are trading higher whereas the realty sector is trading lower after yesterday’s strong performance.
Indian stock markets are likely to open in the green
Good morning and welcome to the Indian stock market live today, 8 Oct at 8 am
Asian markets are trading higher on Friday tracking the positive cues from global market peers. Nikkei and Hang Seng are trading higher by 2.09 percent and 0.55 percent respectively. Shanghai is trading after a long weekend, up by 0.82 percent. SGX Nifty is also trading higher by 39 points or 0.22 percent and at 17854 levels.
The indications getting from the Asian and other markets are positive, Indian stock markets are expected to open in the green. You can also follow this page for the live market updates after the market opening bell.
The US and European market indexes on Thursday
The US market indexes closed higher on Thursday as the lawmaker reached a deal on the short-term debt limit extension, to avoid a government default, while a weekly jobless claims surprising to the downside. The US market indexes, Dow Jones and S&P 500 gained 0.98 percent and 0.83 percent respectively while Nasdaq was up by 1.05 percent on Thursday.
European market indexes closed higher on Thursday as a temporary agreement was made on the US debt ceiling, while worries about energy prices eased after the crude oil price dropped. European market indexes, CAC and DAX gained 1.65 percent and 1.85 percent respectively while FTSE was up by 1.17 percent on Thursday.
FIIs and DIIs data on Thursday
Indian stock markets closed higher on Thursday amid positive cues from the Asian markets. FIIs were the sellers and DIIs were the buyers in the cash markets. FIIs sold Rs 1762.24 crore while DIIs bought Rs 2528.64 crore in the cash segment on Thursday.
Events for the day
RBI Monetary policy in the morning and US monthly employment data later today.
You may also like to read, Nifty and Bank Nifty Prediction for Tomorrow, 8 October
Happy Investing !!
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