Sensex and Nifty today | Market Live Today 6 May
Market Live Today 6 May: Sensex and Nifty are trading higher, Tata Steel up 5%
Market Live Today 6 May: Sensex and Nifty opened higher today as indicated by the other Asian markets in the morning. Nifty opened at 14668.35 levels made a positive opening of 50.5 points while made a gap up opening of 200.23 points at 48877.78. The Bank Nifty on the spot price opened at 32900.75, up by 117.05 points from the previous day’s close.
At 9.45 am IST, Sensex and Nifty are trading higher by 0.30 percent and 0.42 percent respectively. Bank Nifty on the spot price is trading 0.18 percent up.
Tata Steel, JSW Steel, and Hindalco are trading as the top gainers in the Nifty 50 index whereas UPL, HCL Tech, and Sun Pharma are trading as the top losers. Tata Steel, Cipla, and JSW Steel are trading as the most active stocks in the Nifty 50 index at this moment.
On a sectoral basis, Metals, Automobiles, Financial sectors are trading higher whereas IT & Software, Real Estate sectors are trading marginally lower at 9.45 am IST
Sensex and Nifty are expected to open higher
Good morning and welcome to the Sensex and Nifty today 6 May at 7.50 am IST
Asian markets are trading strong on Thursday morning. Nikkei and Shanghai are trading higher by 2.11 percent and 0.61 percent respectively. Hang Seng is trading higher by 0.93 percent. The SGX Nifty is trading 65 points up at this moment. The indication getting from the Asian markets is positive. Indian market indexes Sensex and Nifty may open higher today.
The US markets closed mixed on Wednesday. The Dow Jones set a record on 5 May due to the strong earnings season continued and fears of rising interest rate eased. The market indices Dow and S&P 500 gained 0.27 percent and 0.07 percent respectively. The tech-heavy Nasdaq fell 0.37 percent on Wednesday.
The European markets closed higher on Wednesday from a sharp sell-off in the previous session as resource stocks hit a record high. While the economic data showed eurozone business activity picked up in April. The European market indexes FTSE and CAC closed higher by 1.68 percentage and 1.40 percent respectively while DAX closed 2.12 percent up on Wednesday.
Indian stocks market gained on Wednesday after RBI Governor’s liquidity announcements. The ket benchmarks Sensex and Nifty were up by 0.88 percent and 0.84 percent respectively on Wednesday. Both FIIs and DIIs were sellers in the cash market segment. FIIs sold Rs 1110.50 crores while DIIs sold Rs 240.61 crores on Wednesday.
News that may impact the Sensex and Nifty today 6 May
The RBI Governor Sakatikanta Das on Wednesday said that a normal Southwest monsoon will have a “soothing impact” on inflation pressure and ruled out any wide variations in medium-term inflation forecast from what was given in April.
The imposition of strict restriction and lockdown in several places due to the resurgence of the Covid-19 pandemic has started signs of economic slowdown, the industry chamber PHDCCI said on Wednesday. It also said that the strong growth of GST collections may partly be attributed to the significant acceleration input costs vis-a-vis increase in commodity prices.
The global rating agency S&P said on Wednesday that the second wave of coronavirus may derail India’s budding recovery. Further, the agency said it may peak only by late June and could knock off up to 2.8 percentage points from GDP growth in FY22. In the month of March, the agency had forecasted 11 percent GDP for India for the FY2021-22.
Today’s quarterly results- Hero MotorCorp, Tata Consumer Products, Adani Power, Adani Transmission, Century Textiles & Industries, IIFL Finance, ICRA, Blue Star, Coforge, Procter & Gamble Health, Praj Industries, Raymonds, and others.
You can visit again to read more updates on Sensex and Nifty today 6 May after the market gets open.
You may also like to read, Nifty Prediction for Tomorrow 6 May 2021
Bank Nifty Technical Analysis | Nifty Trends for (3-7 May)
Happy Investing!!
Editor’s desk
