Share/Stock market live today 1 March 2021
Market live today 1 March: Share/Stock markets are trading higher, IT, Banks, Auto stocks are in focus
Market live today 1 March: Indian share market opened strong as indicated by the Asian market peers in the morning. Nifty opened at 14702.50, made a gap up opening of 173.35 points while Sensex opened at 49747.71 level up by 647.72 points. The Bank Nifty on the spot price is opened at 35374.25 levels made a positive opening of 570.65 points.
At 9.55 am IST, the Sensex and Nifty are trading higher by 1.57% and 1.54% respectively while Bank Nifty on the spot price is trading 1.70% up.
Power Grid, ONGC, and Hero Motor Corp are trading as the top gainers in the Nifty50 index whereas Bharti Airtel and Hindalco are trading as losers in the Nifty50 index. Tata Motors, Bharti Airtel, and HDFC Bank are trading as the most active stocks in the Nifty50 index at this moment.
On the sectoral front, barring Telecom all other sectors are trading higher at this moment. The top gaining sectors are Automobiles, IT & Software, Banking, Financials, and Insurance.
Indian share/stock market may open a gap up today
Good morning and welcome to the Share/Stock market live today 1 March, at 7.50 am IST
Asian markets are trading strong today. Nikkei and Hang Seng are trading higher by 2.23% and 1.26% respectively while Shanghai is trading 0.78% up. SGX Nifty is trading 226 points higher at 14751 levels. The indications getting from the Asian markets are strong, the Indian share market may also open strong today.
Rising bond yields blunted the U.S stock market sentiments on the last day of the week on Friday despite signs of an improving American economy. On Friday, the Dow Jones fell 1.5% while S&P 500 was down 0.48%. The tech-heavy Nasdaq composite has closed marginally higher on Friday by 0.56% but on a weekly basis, it fell 4.9%, its worst percentage loss since the week ended Oct 29.
The European stock market indices also closed lower on Friday as investors booked profits in IT and commodity-related shares due to concerns over rising inflation and interest rates on the back of a jump in bond yields. The European market indices FTSE and CAC fell 2.53% and 1.39% respectively while DAX was down by 0.67% on Friday.
Indian share market made a sharp fall on Friday. The key indices Sensex and Nifty fell 3.80% and 3.76% respectively. FIIs have turned seller and DIIs were the buyers on Friday. Traders / Investors were in fear that FIIs are pulling out money from the cash market segments. FIIs sold Rs 8295.17 crores whereas DIIs bought only Rs 1499.70 crores in the cash market on the last day of the week.
The latest share market news that may impact live markets today
India’s economy is back on track after the contraction of two quarters in FY21 due to the coronavirus pandemic. According to the data released by the National Statistical Office (NSO) on Friday India’s GDP for the October-December quarter was registered a flat growth of 0.4%. The growth was registered below expectation by market analysts and research houses. As the GDP data released post-market hours on Friday, the Indian stock market will react to the news today.
According to the RBI weekly statistical report, the country’s foreign exchange reserve rose by just $169 million during the week ended 19 February. The reserve has increased to $583.865 billion from $583.697 billion reported in the week ended 12 February
You can also visit this page to read more Share/Stock market latest news and live updates today 1 March, after the markets get open.
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