Stock Market Live Today, 29 June- Morning Updates
Stock Market Live Today 29 June- Sensex and Nifty are trading marginally lower, Banks, Metals, and Auto stocks are down
Market Live Today 29 June: Indian stock markets opened flat on Tuesday amid mixed global cues. Nifty opened at 15807.50 levels, down by only 7.2 points while Sensex made a positive opening of just 60.17 points at 52795.76 levels. The Bank Nifty spot price opened marginally lower by 39 points at 35320.45 levels.
At 9.55 am IST, the key benchmark indices are trading marginally lower. Sensex and Nifty are trading marginally lower by 0.10 percent and 0.11 percent respectively. The Bank Nifty spot price is trading 0.57 percent down at this moment.
Power Grid, SBI Life, and Asian Paints are trading as the top gainers in the Nifty 50 index whereas Britannia, ICICI Bank, and JSW Steel are trading as the top losers. The most active stocks in the Nifty 50 index at this moment are HDFC Life, Kotak Mahindra, and Reliance.
On a sectoral basis, FMCG, Healthcare, Infrastructure, and IT & Software sectors are trading in the green whereas Metals, Banks, and Auto sectors are trading in the red.
Indian stock market may open flat to positive today
Good morning and welcome to the stock market live today, 29 June at 7.55 am IST
Asian markets are mostly trading in the red on Tuesday amid mixed cues from the global market peers. Nikkei and Shanghai are trading lower by 0.87 percent and 0.43 percent respectively. While Hang Seng is trading 0.29 percent down. SGX Nifty is trading 19 points down at 15855 levels. The Indian markets may open flat to positive today on mixed global cues.
The U.S major indexes closed mixed on Monday as investors are waiting for the June month’s job report later this week. Dow Jones ends lower by 0.44 percent on Monday. While S&P 500 and Nasdaq Composite closed at another record high. At the close, S&P 500 gained 0.23 percent, and Nasdaq Composite was up by 0.98 percent on Monday.
European market indexes ended lower on Monday, with travel stocks leading losses on concerns over bans on British tourists. While crude and energy, stocks hit due to a spike in covid-19 infections in Asian countries. European market indexes FTSE and CAC closed lower by 0.88 percent and 0.98 percent respectively. DAX was down by 0.34 percent on Monday.
Indian stock markets closed marginally lower on Monday amid negative cues from the global markets. The stock market indexes, Sensex and Nifty closed lower by 0.36 percent and 0.29 percent respectively. FIIs were the seller and DIIs were buyers in the cash market. FIIs sold Rs 1658.72 crores while DIIs bought Rs 1277.08 crores in the cash market on Monday.
News that may impact the stock market live today, 29 June
On 28 June, while addressing industrialists of the Federation of Telangana Chambers of commerce and industry, Indis’s chief economic advisor K V Subramainium said, India saw far less economic impact during the second wave of Covid-19 compared to the first wave.
He also said that India is all set to record very strong growth in the economy during the current fiscal, with more than 6.5 percent GDP growth next fiscal and accelerated growth in the following years to get back to over 7 percent growth by FY24. this is due to the series of path-breaking reforms and investments by the government.
On Monday, FM Nirmala Sitharaman addressed a press conference and announced eight economic relief measures. Four of which are new, including one item related specifically to health infrastructure. The FM also announced eight other items related to growth, trade, and employment, of which six are new. You can read the detailed stimulus package here. Indian stock markets will first react to the announcement today.
You can visit this page again to read more on the Indian stock market live updates today after the market gets open.
You may also like to read, Nifty & Bank Nifty Prediction for Tomorrow 29 June 2021
Indian Stock Market Prediction Next Week (28 June-2 July)
Happy Investing !!
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