Market Live 3 Nov: Indian Stock Markets are Trading higher, Banks, Auto, Pharma stocks in focus

 

Indian Stock Market Live Updates Today, 3 Nov at 10 am: It was a strong opening for the Indian stock market today as indicated by the Asian markets in the morning. The Nifty index opened at 11734.45 levels, up by 65.3 points while Sensex opened at 39990.75 levels made a gap of 233.17 points. The Bank Nifty on the spot levels also made a positive opening of 215.5 points and opened at 25108.

At 10 am IST, the Nifty index and Sensex are trading higher by 0.95% and the Bank Nifty on the spot levels is trading 1.75% up

ICICI Bank, HDFC, and BPCL are trading as the top gainers in the Nifty index whereas Bharti Airtel, Adani Ports, and UPL are trading as the top losers. Reliance, ICICI Bank, and HDFC are trading as the most active stocks in NSE at this moment.

Banking & Finance, Automobiles, Consumer Durables, and Healthcare sectors are trading higher whereas Telecom, Real Estate, and Infrastructure sectors are trading marginally lower today.

 

Indian Stock Market may start positive today but remain volatile

 

Good morning and welcome to Stock Market live morning updates today, 3 Nov at 8.10 am IST

Asian markets are trading higher today. Nikkei is not trading today, Hang Seng, and Shanghai are trading higher by 1.86% and 1.39% respectively.  SGX Nifty is also trading higher by 75 points or 0.64%. Indian markets may start on a positive note today.

The US markets bounced back on Monday ahead of the election after their worst week since March. The US market indices Dow and S&P 500 closed higher by 1.60% and 1.23% respectively while Nasdaq gained 0.42% on Monday, 2 November.  

European markets closed higher today as factory activity rebounded around the world. Traders overlooked the resurgence in coronavirus cases that are driving major economies in the continent back into a lockdown. The European indices DAX and CAC closed higher by 1.80% and 2% respectively while FTSE was up by 1.18% on 2 November.

Indian markets on Monday closed marginally higher. The Nifty closed higher by 0.23% while Sensex was up by 0.36% on Monday. FIIs were the buyers and DIIs were the seller in the cash market on the first day of the month. FIIs bought Rs 740.61 crores whereas DIIs sold Rs 533.97 crores in the cash market on 2 November.

 

 

News that may impact the stock market live today

 

The manufacturing activity in the US has increased more than expected in October. The ISM said its index of national factory activity has risen to 59.3 in October from 55.4 recorded in September. This is the highest number recorded since November 2018

Reserve Bank Of India has increased the trading hours for rupee and bond markets after easing coronavirus lockdown restrictions. The trading for foreign currency and rupee market including forex derivatives, government securities, etc increased by 1.5 hours.

Today’s result- Adani Ports, Sun Pharma, Adani Gas, Dabur India, Ajanta Pharma, Dhanlaxmi Bank, Deepak Fertiliser, CARE ratings, Godrej Properties, etc.

You can read more stock market live updates today after the market gets open

 

You may also like to read, Nifty & Bank Nifty futures prediction, 3 Nov 2020

                                          Nifty & Bank Nifty futures for next week, 2-6 Nov 2020

 

Happy Investing!!

Editor’s Desk