Stock Market Live Today 27 May- Morning Updates
Market live today 27 May: Indian stock markets are trading flat, IT stocks are in focus
Market Live Today 27 May: Indian stock markets opened marginally higher on Thursday amid negative cues from the Asian markets. Sensex opened at 51128.80 levels, up by 111.28 points while Nifty opened slightly higher by 22.5 points at 15323.95 levels. The Bank Nifty on the spot price opened marginally lower by 20 points at 34664.20 levels.
At 10 am IST, Sensex and Nifty are trading flat whereas the Bank Nifty on the spot price is trading lower by 0.27 percent. Markets are expected to remain volatile today due to monthly F&O expiry.
Wipro, Tech Mahindra, and Tata Motors are trading as the top gainers in the Nifty 50 index whereas Bajaj Finance, Grasim, and HDFC Bank are trading as the top losers. The most active stocks in the Nifty 50 index at this moment are BPCL, Tata Motors, and Tata Steel.
On a sectoral basis, IT & Software, Automobiles, and Capital Goods sectors are trading higher. The banking, Finance, and Healthcare sectors are trading lower at this moment.
Indian stock markets are expected to open marginally higher
Good morning and welcome to the Indian stock market live today 27 May at 7.45 am IST
Asian markets are mostly trading in the red on Thursday amid positive cues from the U.S market overnight. Nikkei and Hang Seng are trading lower by 0.60 percent and 0.16 percent respectively. Shanghai is trading 0.06 percent down. The SGX Nifty is trading 4 points higher at 15305 levels. The indication getting from the Asian market is negative but Indian stock markets are expected to open marginally higher today.
The U.S market closed marginally higher on Wednesday as investors grew more comfortable that Fed and other central banks would maintain their support even after rising inflation in the near term. The U.S market indices, Dow Jones and Nasdaq gained 0.03 percent and 0.19 percent respectively. Nasdaq was up by 0.59 percent on 26 May.
European markets closed flat on Wednesday as US and Eurozone Central bank policymakers pledged to keep easy monetary policy even after signs of an uptick in inflation. The European markets indices FTSE and DAX closed lower by 0.04 percent and 0.09 percent respectively. Whereas CAC was up by 0.02 percent on Wednesday
Indian stock market gained on Wednesday following positive cues from the Asian markets. The key benchmark indices Sensex and Nifty were up by 0.75 percent and 0.61 percent respectively. The FIIs were the buyers and DIIs were the seller in the cash market segment on Wednesday. FIIs bought Rs 241.60 crores whereas DIIs sold Rs 438.59 crores in the cash market segment.
News that may impact the Indian stock market live today, 27 May
CARE Rating in its report said that Bank’s gross NPAs are expected to decline in FY21 due to restructuring of accounts, loan write-offs, and resilience in the economy. The rating agency expects the quantum of NPA’s to fall to Rs 7.9 lakh crore at the end of FY21 from Rs 8.9 crores in FY20.
On Wednesday, CII President Uday Kotak strongly recommended the government consider another fiscal stimulus package to support the lower end of society and the MSMEs.Kotak has also added that the government could consider increasing the quantum of the credit guarantee scheme for providing collateral-free loans for small businesses from 3 lakh crores to 5 lakh crores.
Today is the monthly F& O expiry, so far Nifty futures gained 2.49 percent in the May series. Traders need to be cautious as markets may remain volatile today.
Today’s quarterly results- Eicher Motors, Sun Pharma, Cadila Healthcare, Borosil, Aegis Logistics, Amrutanjan Healthcare, GTL, Hawkins Cooker, Jindal Saw, Kopran, and others
You can visit again to read more updates on the Indian stock market live today 27 May after the market gets open.
You may also like to read, Expert view on Bank Nifty & Nifty futures tomorrow 27 May
Bank Nifty trend || Nifty Prediction for (24-28 May)
Happy Investing !!
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