Stock Market Live for Today: Markets are trading flat ahead of RBI policy
Sensex and Nifty live for today: It was a positive start for the Indian markets today as indicated by the SGX Nifty. The Nifty opened at 11852.05 levels made a positive opening of 17.45 points while the Sensex added 43.58 points and opened at 40226.25 levels. The Bank Nifty on the spot levels made a gap up opening of 121.25 points and opened at 23312.60.
At 10 am IST, the Sensex and Nifty are trading absolutely flat whereas Bank Nifty is trading 65 points higher.
Tata Steel, Bharti Airtel, and Larsen are trading as top gainers in the Nifty Index whereas UPL, HUL, and TCS are trading as the top losers at this moment. TCS, Dr. Reddy’s Lab, and Reliance are trading as the most active stocks in the NSE
On a sectoral basis, Infrastructure, Metals, and telecom sectors are trading higher whereas FMCG, IT & Software, and Real Estate Sectors are trading in the red.
Sensex and Nifty may open higher
Good morning and welcome to the morning view of Sensex and Nifty for today, 9 October at 8 am IST
The Asian markets are trading mixed today. Nikkei is trading marginally down by 0.10% while the Hang Seng is trading higher by 0.12% at this moment. Shanghai is open today after a long holiday and at present trading at 1.61% up. The SGX Nifty is trading higher by 28 points or 0.25% and giving a positive signal for the Sensex and Nifty for today
The US markets made a decent gain on Thursday at five weeks high amid uncertainties about the fiscal stimulus package. The US Indices Dow and Nasdaq gained 0.43% and 0.50% respectively while S&P 500 closed higher by 0.80% on Thursday, 8 October.
European markets closed higher and hit a near three-week high on Thursday. The investors cheered on the hopes of US stimulus news amid surged in coronavirus cases in the continent. The European markets indices FTSE and CAC gained 0.53% and 0.61% respectively while DAX was up by 0.88% on Thursday.
Back home in India, markets closed on a positive note yesterday. The Sensex and Nifty closed higher by 0.76% and 0.82% respectively. FIIs and DIIs both were buyers in the cash market segment on Thursday. FIIs bought Rs 978.37 crore while DIIs also bought Rs 19.85 crore in the cash market segment on 8th October.
News that may influence Sensex and Nifty for live market today
The RBI Monetary Policy Committee (MPC) will announce its decision on rates on 9th October in the morning. RBI is expected to keep the rates unchanged but the meeting commentary would important.
According to Deepak Parekh, India’s GDP will turn positive in the fourth quarter as demand is picking up across sectors. He has also said that “Worst is behind us now” in a virtual conference organized by the India-Canada Business Council.
You can read more about the Sensex and Nifty live market news for today after the market gets open.
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Happy Investing!!
Editor’s Desk