Share market live updates for 27th Aug: Nifty, Sensex are trading highers
Market Live 27th Aug: Markets are trading higher, Banks up, Auto sectors are trading lower
Market live for 27th Aug, at 10 AM: Indian markets opened higher today amid mixed Asian market cues. The Nifty opened at 11609.30, made a gap up opening of 59.60 points while Sensex opened at 39293.53 levels and made a positive opening of 219.61 points. The Bank Nifty also added 97.25 points from yesterday’s close and opened at 23511.45 levels.
At 10 AM, the Nifty and Bank Nifty are trading higher at 0.42% and 0.49% respectively while Bank Nifty on spot level trading 0.85% up.
IndusInd Bank, HDFC, Tata Motors, Asian Paints, and Grasim are trading as top gainers in the Nifty Index whereas Eicher Motors, Hero Motors Corp, Bajaj Auto, Bajaj Finance, and Bharti Infratel are trading as top losers. Reliance, IndusInd Bank and Tata Motors are the most active stocks in the Nifty Index.
Banking & Finance, Metals, Healthcare sectors are trading higher today whereas Automobiles and Oil & Gas are trading marginally lower.
Market live for 27th Aug, Indian markets may open in positive today
Good morning and welcome to share market live updates for 27th Aug at 8.45 AM
Today Asian markets are trading in mixed. Taiwan, Jakarta, SET Composite, and Shanghai are trading in the green whereas other major Asian markets are trading lower today. Nikkei and Hang Seng are trading lower at 0.45% and 1.04% respectively. The SGX Nifty is trading flat to positive only 6 points up.
The US markets closed higher on Wednesday due to news of progress on coronavirus vaccine and expectations for the positive Fed Reserve speech on Thursday. The S&P 500 and Nasdaq closed at a record high at 1% and 1.7% respectively while Dow was up by 0.83% on Wednesday.
The European markets closed higher on the buying of technology shares and new stimulus hopes. The CAC and DAX closed higher at 0.80% and 0.98% while FTSE was up by 0.14% on Wednesday 26th August.
In India, the Nifty and Sensex were closed higher yesterday. Nifty gained 0.67% and Sensex was up 0.59% on 26th August. FIIs were buyers and DIIs were the sellers in the cash segment yesterday. FIIs bought Rs 1581.31cr while DIIs sold Rs 1194.62 cr on Wednesday.
The News that can influence today’s Live market
As per the statistics bureau, China’s industrial profit grew by 19.6% on YoY basis to $85.58 billion. It grew at 11.5% in June and this is the third straight month of profit growth this year.
Maharashtra government has decided to slash the stamp duty on housing units from 5% to 2% till Dec 2020. The stamp duty from Jan 2021 to March 2021 will be 3%. The decision was taken as the developers were asking for the reduction to boost the demand in the real estate sector.
Today’s result- NMDC, GMR Infrastructure, Edelweiss Financial Services, Avanti Feeds, HCC, IDFC, Gayatri Projects, ARSS Infrastructure Projects, etc
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You can also read, Nifty, Bank Nifty futures prediction for 27th Aug, F&O expiry day
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