Sensex | Nifty live today, 02 June- Morning Updates
Market Live Today 02 June: Sensex, Nifty are trading lower, IT stocks are down
Sensex, Nifty Live Updates Today 02 June: Indian markets opened lower on Wednesday as most of the Asian market peers turned negative. Sensex opened at 51749.10 level, down 185.78 points while Nifty made a negative opening of 54.5 points at 15574.85 levels. The Bank Nifty on the spot price opened at 35271.60 levels, down by 65.6 points.
At 9.45 am IST, Indian stock market indices are trading marginally lower. The key benchmark indices Sensex and Nifty are trading lower by 0.50 percent and 0.38 percent respectively. The Bank Nifty on the spot price is trading in the red, 0.50 percent down from the previous close. The Nifty midcap and smallcap indices are trading higher by 0.69 percent and 0.62percent respectively.
Adani Ports, IOC, and Coal India are trading as the top gainers in the Nifty 50 index whereas Tech Mahindra, ITC, and HCL Tech are trading as the top losers. The most active stocks in the Nifty 50 index are Adani ports, ITC, and Reliance.
On a sectoral basis, Metals, Real Estate, Healthcare, Automobiles sectors are trading higher. The sectors that are trading in the red are IT & Software, Banks, and FMCG.
Sensex and Nifty are likely to open flat today
Good morning and welcome to Sensex Nifty live today, 02 June at 7.45 am IST
Asian markets are trading mixed trends on Wednesday. Nikkei is trading higher by 0.18 percent whereas Han Seng is trading flat. Shanghai is trading lower by 0.35 percent at this moment. SGX Nifty is down by 7 points and trading at 15624 levels. The Indian market indices Sensex and Nifty are likely to open flat today.
The U.S stock markets indices closed mixed on Tuesday after fresh data showed that U.S manufacturing activity is expanding but continues to be affected by rising commodity prices, material shortages, and difficulties in the labor market. The U.S market indexes S&P 500 and Nasdaq closed lower by 0.05 percent and 0.09 percent respectively while Dow Jones gained 0.13 percent on Tuesday.
European markets finished higher on Tuesday with the support of miners and Oil & Gas space. The economic data showed eurozone manufacturing activity expanded at a record pace in May, boosted the market sentiments. European market indices FTSE and DAX gained 0.82 percent and 0.95 percent respectively while CAC was up 0.66 percent on Tuesday.
Indian stock market closed flat on Tuesday as India’s manufacturing PMI drops 10 months low. The key benchmark indices Sensex and Nifty closed flat with a negative bias, Sensex was down just 2.56 points whereas Nifty fell 7.90 points. FIIs were the seller and DIIs were the buyers in the cash market segment on Tuesday. FIIs sold Rs 449.86 crores whereas DIIs bought Rs 230.49 crores in the cash market on 1st June.
News that may impact the Sensex and Nifty live on 02 June
ICRA Ratings on Tuesday said NBFC’s and HFCs are likely to get impacted due to the restrictions in movements imposed by various states. The NPA of these companies may rise to 4.5-5 % by March 2022 as 25-30% of their loan collection happen through field collections.
The severe second wave of Covid-19 has increased risk to India’s sovereign credit profile and its outlook, according to Moody’s Investors Service. The existing risk that includes a persistent slowdown in growth, weak government finances, and rising risk in the financial sector has increased tremendously.
Today’s Quarterly results- Motherson Sumi System, Muthoot Finance, PVR, NRB Bearings, Burnpur Cement, MTAR technologies, and others
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You may also like to read, Nifty | Bank Nifty Futures Prediction for 02 June 2021
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