Market live: Nifty and Bank Nifty share price prediction

Market Live at 10.50 AM: Nifty & Bank Nifty Share price Prediction- As expected Indian share market started in the positive note but erased most of its early gains in the first hour. The market sentiment was positive despite negative global cues today. Traders took encouragement with the government data showing that the country’s job situation registered an improvement as compared to the previous year. The unemployment rate has declined to 5.8% down from 61% in the previous financial year.

The market sentiment in the morning was also positive as the CRISIL Research report stated that the coronavirus has impacted many sectors. However, agriculture could be the only bright spot as it is likely to grow 2.5% in 2020-21. 

But the increasing coronavirus cases in India could be the concern for the traders at this moment. This can collapse the trader’s confidence and indulge profit booking for the time being.

The top gainers in Nifty stocks at this moment are Bharti Infratel, Tata Motors, Hindalco, Tata Steel, and JSW Steel. Whereas the top losers in the Nifty stocks are TCS, Bajaj Auto, Bajaj Finance, HUL, and Britannia.

 

You may also like to read 10 best stocks/shares to buy now for 2020

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Market Live: The Indian share market is expected to open in the green as SGX Nifty is showing a positive indication today. The US and European markets closed in the red yesterday and Asian markets are trading in mixed.

FIIs buying spree continues, yesterday FIIs bought Rs 2905.04 crores. Whereas the DIIs sold Rs 847.31 crores in the cash segment.

Today Larsen & Toubro and State Bank Of India will announce their Q4 earnings.

 

Nifty & Bank Nifty Prediction live in Futures