Market Live 29 Dec: Stock Market Indices are trading at a new high today

 

Stock Market Live Today 29 Dec at 10 am IST: As expected Indian markets opened positive today. Nifty opened at 13910.35 levels, up 37.15 points while Sensex made a positive opening of 112.87 points at 47466.62 level. The Bank Nifty on the spot levels made a gap up opening of 125.95 points at 31006.95 level. 

At 10 am IST, Nifty and Sensex are trading higher by 0.60% and 0.67% respectively while Bank Nifty on the spot level is trading 1.28% up.

IndusInd Bank, HCL Tech, and Wipro are trading as top gainers in the Nifty Index whereas JSW Steel, NTPC, and Power Grip are trading as the top losers. IndusInd Bank, Reliance, and Tata Motors are the most active stocks in the NSE at this moment.

On a sectoral front, Banking & Finance, IT & Software, and Capital Goods are trading as the top gaining sectors whereas Oil & Gas, Manufacturing and Telecom sectors are trading marginally down.

 

Indian stock market may open positive today

Good morning and welcome to the stock market live today, 29 Dec at 8.10 am IST

The Asian market cues are positive today as most of the Asian markets are trading in the green. Nikkei and Hang Seng are trading higher by 1.63% and 0.86% respectively while Shanghai is trading 0.21% down. SGX Nifty is trading 49 points higher. Indian stock market may see a positive opening today.

The US market indices rose on Monday after President Trump signed the Stimulus aid bill, averting a government shutdown and ending uncertainty about the rollout of the spending package. The US market index Dow gained 0.68% while S&P 500 and Nasdaq closed higher by 0.87% and 0.74% respectively on Monday.

European stock markets closed higher on Monday. The long-awaited US economic stimulus and post-Brexit trade deal lifted investors’ mood in thin holiday trading. The European market index FTSE not traded on Monday. CAC and DAX gained 1.20% and 1.49% respectively on 28 December.

Indian market indexes climbed and touched a new record high on Monday. Nifty and Sensex gained 0.90% and 0.81% respectively on 28 December. FIIs were the buyers and DIIs were the sellers in the cash market. FIIs bought Rs 1588.93 crores while DIIs sold Rs 1386.55 crores in the cash market segment on Monday.

 

News that may influence the stock market live today

 

According to the survey conducted by FICCI, India could benefit from the likely shift in global supply chains from China to other economies in the aftermath of the Coronavirus pandemics. Due to Coronavirus many businesses likely to shift from China and India could benefit from the move according to the survey.

Serum Institute of India (SII) expects AstraZeneca-oxford covid vaccine ‘Covishield’ to get approval for emergency use in the UK and India by the end of the year of the 1st week of January 2021.

You can visit this page again after the markets get opened to read more stock market live updates for 29 Dec

 

You may also like to read, Nifty, Bank Nifty futures prediction for 29 Dec 2020

                                          Nifty, Banknifty share price target for (28 Dec to 1 Jan 21)

 

 

Happy Investing!!

Editor’s Desk