Market index Live: Sensex, Nifty trading higher, Banking, Auto, Metal sectors are in focus
The Indian benchmark Sensex and Nifty index opened in the green as indicated by the SGX Nifty today. The Sensex opened at 38410.20 levels added 342.27 points from yesterday’s close. The Nifty today opened at 11364.45 levels made a gap up opening of 116.9 points. The Bank Nifty on spot levels opened at 21685.25 a positive opening of 233.45 points.
At 9.40 am IST, the Sensex and Nifty are trading more than 1% higher whereas Bank Nifty on spot levels is trading above 2% at this moment.
IndusInd Bank, Bajaj Auto, and Bajaj Finance are trading as top gainers in the Nifty index whereas ONGC, Grasim, and Dr. Reddy’s Lab are trading as the top losers. Reliance, HDFC Bank, and Bajaj Finance are trading as the most active stocks in NSE.
On a sectoral basis, all major sectors are trading in the green zone today. Banking & Finance, Automobiles, Infra, and Metal sectors are trading as top gainers at this moment.
SGX Nifty indicates a strong opening for the Indian markets
Good morning and welcome to Sensex and Nifty index live updates 1st Oct at 8.10 am IST
SGX Nifty is trading higher by 105 points or 0.93%. Hang Seng and Shanghai are closed today while Nikkei is trading almost flat. The positive SGX Nifty indicates a strong opening for the Indian markets today.
The US markets finished higher yesterday even after hopes faded for another round of fiscal stimulus from Washington ahead of the November election. The US market indices Dow closed higher by 1.20% while S&P500 and Nasdaq closed 0.74% and 0.83% higher on Wednesday, 30th September.
The European markets closed marginally lower amid surging coronavirus cases and uncertainty about the US presidential election in November. The FTSE and DAX closed lower by 0.51% and 0.53% respectively while CAC was down by 0.59% on Wednesday.
Indian benchmark indices Sensex and Nifty closed in flat notes for the second consecutive day. The Sensex gained 0.25% while Nifty was up by 0.22%. FIIs were the seller whereas DIIs were the buyers yesterday. FIIs sold Rs 712.48 crores while DIIs bought Rs 409.47 crores in the cash market segment on 30th September.
You can also read yesterday’s complete market updates here
News that can influence the Sensex and Nifty index live
The government has extended the deadline for submitting annual returns under the goods and services tax (GST) for FY19 by a month. It was earlier 30th September and now extended up to 31st October 2020
The eight core industries output contracted by 8.5% in August 2020 as per the government data released on September 30. This is the sixth straight month the data has declined. Apart from fertilizer and coal all other sectors including crude oil, natural gas, steel, cement, and electricity recorded negative growth in August 2020. During the period of April to August FY21, the core data contracted 17.8% compared to 2.5% growth in the last year the same period.
The Indian government would borrow Rs 4.34 lakh crores in the second half of the current year and would not change in its 12 lakh crores earlier borrowing plan decided in May as per Moneycontrol.com
RBI said on September 30, that India’s external debt stood at $554.5 billion at end of June, declined by $3.9 billion over its level at the end of March 2020. The external debt to GDP ratio has gone up by 20.8% in June end 2020 from 20.6% as of March 31
You can also visit the page after the market gets open for more Sensex and Nifty index live updates.
You may also like to read Coronavirus impact on various sectors & Indian economic growth
Happy Investing!!
Editor’s Desk