Market Live 28 Dec: Sensex and Nifty 50 index are trading higher

 

Market Live 28 Dec at 10 am IST: It was a positive start for the Sensex and Nifty 50 Index today. Sensex opened at 47153.59 levels made a positive opening of 180.05 points while the Nifty 50 index opened at 13815.15 level, up by 65.9 points. The Bank Nifty on the spot levels also made a gap up opening of 156.65 points at 30558.85 level.

At 10 am IST, Sensex and  Nifty 50 index are trading higher by 0.54% and 0.61% respectively while Bank Nifty on the spot level is trading 1.11% up.

Tata Motors, SBI Life, and JSW Steel are trading as the top gainers in the Nifty 50 index whereas HUL and Asian Paints are trading as top losers. Tata Motors, Reliance, and Bajaj Finance are trading as the most active stocks in NSE at this moment.

On a sectoral front, all sectors are trading in the green today in NSE. Metals, Banking & Finance, Automobiles, Manufacturing sectors are trading as top gainers.

 

Sensex and Nifty 50 index may open in positive 

 

Good morning and welcome to Sensex and Nifty 50 live index today 28 Dec at 8 am IST

Asian markets are mostly trading in the green today. Nikkei and Hang Seng are trading higher by 0.45% and 0.37% respectively while Shanghai is trading lower by 0.26%. The SGX Nifty is up by 54 points today. Sensex and Nifty 50 index may open in positive today.

The US stock markets closed marginally higher on Thursday to wrap up the holiday-shortened week. The market volume was less on Thursday and was closed on Friday due to the Christmas celebration. The market index Dow and Nasdaq closed higher by  0.23% and 0.26% respectively while the S&P 500 gained 0.35% on Thursday.

The European markets closed marginally higher on the expectation of a Brexit trade deal sign one week ahead of Britain’s cut its ties with the EU. The market indices FTSE and CAC closed flat while DAX gained 1.26% on the last day of the week.

Indian stock markets gained on Thursday ahead of the long weekend. Nifty 50 index and  Sensex closed higher by 1.09% and 1.14% respectively. FIIs were the buyers and DIIs were the seller on Thursday. FIIs bought Rs 1225.69 crores while DIIs sold Rs 1897.92 crores in the cash market segments on 24 December.

 

 

News that may influence the Sensex and Nifty 50 live Index today

 

After nine months of negotiation finally, the UK and EU struck a Brexit trade deal on 24 December just one week ahead of the deadline. Britain’s parliament members are expected to meet in an emergency session on December 30 to clear the deal to get into UK law while the EU parliament may clear the deal in January. The global market will react to this news on Monday.

As per the RBI data showed India’s foreign exchange reserve surged by USD 2.563 billion to touch a record high of USD 581.131 billion in the week to December 18. In the previous week country’s foreign exchange reserve had declined by USD 778 million to 578.568 billion.

The demand in the manufacturing sector returned to recovery mode with a softer contraction of 4.3% (YoY) in the second quarter of this fiscal. This is compared to the previous quarter 41.1 contraction, which was hit by the national lockdown due to coronavirus. The recovery seen mainly in Iron and steel, food products, cement, automobiles, and pharma sectors as per RBI data showed 

You may visit this page again after the market gets open to read more Sensex and Nifty 50 live index for today

 

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