stock market live today, 29 April | morning updates
Stock Market Live Today 29 April- Sensex and Nifty are trading higher, Bank Nifty erased all early gains
Market Live Today 29 April: Indian stock markets opened higher as indicated by the SGX Nifty in the morning. Nifty opened at 14979 levels, made a positive opening of 114.45 points while Sensex made a gap up opening of 360.02 points at 50093.86 levels. The Bank Nifty on the spot price also made a gap up opening of 178.8 points at 33901.60 levels.
At 10 am IST, Sensex and Nifty are trading higher by 0.36 percent and 0.39 percent respectively whereas the Bank Nifty on the spot price is trading 0.59 percent down.
Tata Steel, JSW Steel, Bajaj Finance are trading as the top gainers in the Nifty50 index whereas ICICI Bank, Tata Cons Product, and Hero Motor Corp are trading as the top losers. The most active stocks in the Nifty50 index at this moment are Tata Steel, Bajaj Finance, and Hindalco.
On a sectoral front, Metals, Financials, Oil & Gas sectors are trading higher whereas Healthcare, Media, and Telecom are trading marginally lower at this moment.
Indian stock markets are likely to open higher
Good morning and welcome to the stock market live today, 29 April at 7.55 am IST
Asian markets are trading positive on Thursday. Nikkei and Shanghai are trading higher by 0.21 percent and 0.23 percent respectively. The Hang Seng is trading up by 0.93 percent at this moment. The SGX Nifty is trading strong today, up by 140 points at 14985 levels. The indications getting from the Asian markets are positive for the domestic market. The Indian stock markets are likely to open higher today.
The US markets closed lower on Wednesday after the Federal Reserves announced the continuation of its current easy policy. The US market index Dow and S&P 500 closed lower by 0.48 percent and 0.08 respectively while Nasdaq was down by 0.28 percent on Wednesday.
European markets closed marginally higher on Wednesday due to the strong earnings reported by the Banks. Investors were cautious ahead of the US Federal Reserve policy outcome later in the day. The European market index FTSE and DAX gained 0.27 percent and 0.28 percent respectively while CAC was up by 0.53 percent on Wednesday.
Indian stock market closed higher on Wednesday due to strong corporate earnings. The key benchmark indices Sensex and Nifty gained 1.61 percent and 1.44 percent respectively. FIIs and DIIs both were buyers in the cash market segment on Wednesday. FIIs bought Rs 766.02 crores while DIIs invested Rs 436.20 crores on 28 April.
News that may impact the stock market live today 29 April
The rating agency ICRA revised down India’s GDP forecast on 28 April. According to the Indian rating agency India’s GDP to grow by 10-10.5 percent in 2021-22 from its earlier projects of 10-11 percent. This is due to the second wave of coronavirus cases and localized restrictions imposed by various state governments.
Indian is reporting more than 3 lakh new coronavirus infections and over 2000 deaths in a day, for the past few days. The ongoing surge in coronavirus will dampen the pace of recovery for corporate India and the contact intensive sectors will be hit the most, ICRA said on Wednesday.
Federal Reserve has unchanged its key interest rate on Wednesday and said it would continue bond purchases to support the economic recovery. Fed Chairman Jerome Powell described the economic recovery as “ uneven and far from complete”, recent gains in inflation had been due to transitory factors.
Today’s Q4 Result- Hindustan Unilever, Bajaj Auto, Titan Company, AU Small Finance Bank, Bajaj Holdings & Investment, Dalmia Bharat, Equitas Small Finance Bank, Excite Industries, Laurus Labs, etc
You can read more updates on the Indian stock market live today, 29 April after the markets get open.
You may also like to read, Nifty & Bank Nifty futures prediction tomorrow 29 April
What is SGX Nifty? Can Indian trade in SGX Nifty?
Happy Investing !!
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