Sensex and Nifty today- Stock Market Updates for 11 June
Stock Market Updates- Sensex and Nifty closed higher today
Sensex and Nifty Today: Indian stock markets opened higher on Friday, tracking the positive cues from the U.S markets overnight. The key indices traded above their neutral line in a narrow range today. In the end, benchmark indices extended their yesterday’s gain and closed on a positive note.
The market sentiments remained positive as the progressive unlocking process across India is expected to restore nearly two-thirds of the 25 million non-farm employment lost during the lockdown in May, according to the CMIE in its research. The sentiment got further boosted as RBI said that it would be buying bonds maturing between 2026 and 2035 which resorts the confidence of the investors in the economic recovery.
Today’s market updates; Nifty, Sensex, and Bank Nifty spot price
At the close, Nifty gained 61.60 points or 0.40 percent and closed at 15799.35 levels while Sensex was up by 174.29 points or 0.34 percent and finished at 52474.76 levels. The Bank Nifty on the spot price was down by 83.80 points or 0.23 percent and ends at 35047.40 levels.
The midcap and smallcap indices also closed in the green today. The Nifty midcap index gained 60.70 points or 0.22 percent and closed at 27329.15 levels. The Nifty smallcap index was up by 52 points or 0.54 percent and finished at 9750.05 levels.
The top five gainers in the Nifty 50 index were Tata Steel, Coal India, JSW Steel, DR. Reddy’s Lab, and Hindalco. The top five losers in the Nifty 50 index were Larsen, HDFC Life, SBI Life Insurance, IndusInd Bank, and Divis Lab. The most active stocks in the Nifty 50 index were Bajaj Finance, Tata Steel, and Adani Ports.
On a sectoral basis, Metals, Healthcare, IT & Software, Oil & Gas and Automobiles sectors gained the most today. On the losing side, the Infrastructure, FMCG, Telecom, Real Estate, and Banking sectors closed in the red on Friday.
Global market updates today
On the global front, Asian markets were mostly closed in the green tracking positive cues from Wall Street overnight. European market indices are trading higher as investors become optimistic after the European Central Bank’s (ECB) decision to increase the pace of asset purchases. The U.S future market indices, Dow and Nasdaq futures are trading marginally higher at 4 pm IST
Market live today 11 June: Indian stock markets are trading higher, Oil & Gas, Metals stocks are in focus
Market Live Today 11 June: Indian stock market indices opened higher as indicated by the global market peers. The Nifty opened higher by 58.7 points at 15796.45 levels while Sensex made a positive opening of 172.76 points at 52477.19 levels. The Bank Nifty spot price opened at 35324.65 levels, up by 193.45 points from the previous close.
At 9.35 am IST, the benchmark indices Sensex and Nifty are trading higher by 0.54 percent and 0.56 percent respectively. The Bank Nifty spot price is trading 0.50 percent up.
Coal India, Reliance, and ONGC are trading as the top gainers in the Nifty 50 index whereas Bajaj Finserve, Bajaj Finance, and HDFC Life are trading as the top losers. The most active stocks in the Nifty 50 index at this moment are Bajaj Finance, Coal India, and Reliance.
On a sectoral basis, all major sectors are trading in the green today. The sectors that are gaining the most at this moment are Oil & Gas, Metals, Automobiles, Banks, and IT & Software.
Indian stock markets are likely to open higher
Good morning and welcome to the Stock market live today, 11 June at 7.30 am IST
Asian markets are mostly trading in the green on Friday, tracking positive cues from the U.S markets overnight. Nikkei and Hang Seng are trading higher by 0.18 percent and 0.76 percent respectively. Shanghai is trading lower by 0.23 percent at present. The SGX Nifty is up by 31 points and trading at the 15807 levels. The indication getting from the Asian markets is positive, Indian stock markets are likely to open higher today.
The U.S markets climbed after the mixed economic data announced on Thursday. The economic data showed another leap in consumer prices and a continuing recovery in the labor markets. The US market indexes Dow and S&P 500 gained 0.06 percent and 0.47 percent respectively while Nasdaq up by 0.78 percent on Thursday.
European markets closed mixed on Thursday after European Central Bank raised its recovery outlook and promised to keep ample stimulus flowing, while travel stocks fell after recent gains. European market indexes CAC and DAX closed lower by 0.26 percent and 0.06 percent respectively while FTSE gained 0.10 percent on Thursday.
Indian stock markets closed higher on Thursday amid positive cues from the Asian market peers. The key indices Sensex and Nifty closed higher by 0.69 percent and 0.65 percent respectively. FIIs were the buyers and DIIs were the seller in the cash market. FIIs bought Rs 1329.70 crores whereas DIIs sold Rs 575.19 crores in the cash market segment on Thursday.
News that may impact the stock market live today, 11 June
On Thursday, Finance secretary TV Somanathan said that the government does not expect the economic impact of the second wave of the coronavirus to be as severe as the first. Even the economist, multilateral institutions like IMF, World Bank, and RBI also feel the same.
On June 10, the rating agency ICRA said that it expects India’s GDP to grow at 8.5 percent in FY22. The Indian rating agency had earlier estimated the GDP to grow at a 10-11 percent rate, however, it had revised it down to 10-10.5 percent.
According to ICRA if vaccine coverage is accelerated following the re-centralized procurement policy, the GDP expansion in FY2022 may be as high as 9.5 percent, with a widening upside in Q3 FY2022 and Q4 FY2022.
The U.S consumer prices continued to climb strongly in May. On an MoM basis, overall prices rose a seasonally adjusted 0.6 percent and core prices rose 0.7 percent. Another data showed the new claims for unemployment benefits dropped to 376,000 in the week ending June 5, the lowest level in nearly 15 months.
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