Sensex and Nifty 50 index live updates today, 8 April
Market Live Today 8 April: Sensex and Nifty 50 index are trading higher, Metals, IT, and Auto stocks are in focus
Sensex and Nifty 50 index live updates: It was a positive start for the Indian stock markets today as indicated by the SGX Nifty in the morning. Nifty 50 index opened at 14875.65, up by 56.6 points while Sensex made a positive opening of 223.5 points at 49885.26 levels. The Bank Nifty on the spot price opened higher at 33154.20 levels, up by 163 points from the previous close.
At 9.45 am IST, Sensex and Nifty 50 index are trading higher by 0.70 percent and 0.75 percent respectively while Bank Nifty on the spot price is trading 0.56 percent up.
Hindalco, Tata Motors, and Tata Steel are trading as the top gainers in the Nifty 50 index whereas ONGC, Adani Ports, and Britannia are trading as the top losers. The most active stocks in the Nifty 50 index are Adani Ports, Tata Steel, and JSW Steel.
On the sectoral front, barring Oil & Gas and Power all other major sectors are trading higher at this moment. The sectors that are supporting the markets to trade higher are Metals, IT & Software, Automobiles, and Banks
Sensex and Nifty 50 index may open positive today
Good morning and welcome to Sensex and Nifty 50 index live updates today, 8 April, at 7.55 am IST
Asian markets are trading mixed today. Nikkei and Shanghai are trading lower by 0.46 percent and 0.39 percent respectively. Hang Seng is trading higher by 0.19 percent. SGX Nifty is trading 47 points higher at this moment. As per the indication getting from the SGX Nifty, Sensex and Nifty 50 index may open positive today.
The US markets closed marginally higher on Wednesday as minutes from the Fed’s last policy meeting show that the central bank is committed to supporting markets and the economy. The US market indices Dow and S&P 500 gained 0.05 percent and 0,15 percent respectively whereas Nasdaq was marginally down by 0.05 percent on Wednesday.
European markets closed in a mixed state on Wednesday. Market indices CAC and DAX declined 0.01 percent and 0.24 percent respectively as healthcare shares were top decliners. While optimism over speedy vaccination drives and a weaker pound helped UK’s FTSE to close higher at 0.91 percent on Wednesday.
Indian stock markets gained on Wednesday after the announcement of RBI Monetary policy. The benchmark indices Sensex and Nifty 50 index closed higher by 0.94 percent and 0.92 percent respectively. FIIs and DIIs both were buyers in the cash market segment. FIIs bought Rs 227.42 crores while DIIs also bought Rs 381.08 crores in the cash market segment on Wednesday.
News that may impact Sensex and Nifty 50 index live today 8 April
The Reserve Bank of India (RBI) has enhanced the temporary liquidity limit for states and union territories by about 46 percent to help them tide over their cash flow mismatches. The support is through its ways and means advances (WMA) mechanism. The new limit has been fixed at Rs 47010 crore as compared to the previous 32,225 crores as per the news published in ET.
On Wednesday the Chief Economist of the Internation Monetary Fund (IMF) Gita Gopinath said that the RBI’s quantitative easing measures are a welcome move. The chief economist of IMF has also said that there is evidence of normalization of economic activities in India.
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