Share Market Live Today- Markets are trading flat, Bank Nifty recovered from lower levels
Market Live Today At 11.30 AM- Indian Share markets are trading flat. The Nifty midcap and smallcap 100 indices are trading mixed. The midcap index is trading down by 0.82% while the smallcap index is trading higher at 0.16%.
The Vodafone Idea is the most active stock in NSE and trading more than 6% higher ahead of the company’s strategic announcement through a virtual platform. The Board has approved fundraising up to Rs 25000 crore via a mix of various instruments on 4th September.
Markets are trading lower, Banking, FMCG, Infra stocks are down
Market Live at 9.45 AM: Indian share market today opened at mixed amid negative cues from the global markets. The Nifty opened at 11359.60 levels added 25.75 points at the time of opening whereas Sensex opened at 38284.78 levels made a gap down opening of 72.4 points. The Bank Nifty on spot levels opened at 23036.25 levels added only 24.75 points at the time of the opening session.
At 9.45 AM, the Nifty and Sensex are trading lower by 0.55% and 0.57% respectively while Bank Nifty on spot levels down by 0.25%.
Bharti Infratel, Tata Motors, and Tata Steel are trading as the top Nifty gainers whereas UPL, M&M, and Bajaj Auto are trading as the top losers. Vodafone, Tata Motors, and Reliance are trading as the most active stocks in the NSE today.
Oil & Gas, Manufacturing and Telecom sectors are trading higher while Banking, FMCG, and Infrastructures sectors are trading down
Markets are expected to open lower
Good morning and welcome to share market live today, 7th Sept, at 8.30 AM
Asian markets are mostly trading in the red today. Nikkei is trading 0.34% lower while Hang Seng is trading 0.17% down from the previous close. The SGX Nifty is indicating a negative opening for the Indian share market today. The SGX Nifty is trading 40 points or 0.36% down.
The US markets on Friday closed in the red on profit-taking after touching a record high in August. The markets closed in the negative despite the unemployment rate in August fell to 8.4% from 10.2%.
The US indices, Dow and S&P 500 declined by 0.56% and 0.81% respectively while Nasdaq was down 1.27% on Friday. On 7th September the US markets will be closed on the occasion of Labor Day.
The European markets closed lower after a volatile trading session on Friday. The technology shares dragged the markets while following the US markets whereas Banking shares gained due to the merger talks between two Spanish lenders.FTSE and CAC closed lower at 0.88% and 0.89% while DAX closed 1.65% down on 4th September.
Indian benchmark indices, Nifty and Sensex also closed 1.68% and 1.63% lower on Friday. Domestic as well as foreign Institutions were sellers in the cash market segment on the last day of the week. FIIs sold Rs 1888.78 cr while DIIs also sold Rs 456.88 cr. The Indian volatility index India VIX increased by 8.05% at 22.15 on 4th September.
You can also read, Friday’s market updates here
Key factors they may influence share market live today
As per the RBI data released on 4th September, Indian forex reserve jumps $3.883 billion to touch a lifetime high of $541.431 billion in the week ended August 28.
The US employment growth slowed further in August while the unemployment rate fell below 10%. Nearly a fifth of the job gains reported by the labor department on Friday was from the government temporary hiring for the 2020 census.
As per the report by Nikkei Asian Review, Japanese manufacturers will now be eligible to get the subsidies by shifting their business from China to India or Bangladesh.
Union Road Transport and Highways Minister Nitin Gadkari on September 6 confirmed that the vehicle scrappage policy will come soon maybe within a month. This is to boost the Auto industry in India.
Today’s result- General Insurance Corporation, Future Lifestyle fashion, CG Power and Industrial Solution, Future Market network, Orchid Pharma, etc
You can visit this page again to read more share market live today, 7th Sept
You may also like to read, Indian Equity Market Next week: Nifty and Bank Nifty trend
Happy Investing!!
Editor’s Desk