Stock Market Live Today 31 May- Morning Updates
Market Live today 31 May: Indian stock markets are trading flat, RIL is trading almost 2% up
Market Live Today, 31 May: The Indian stock market opened flat on Monday amid negative cues from Asian market peers. Nifty opened at 15437.75 levels, just 2.1 points above the previous close while Sensex opened at 51476.22 levels, up by 53. 34 points. Bank Nifty on the spot price opened at 35097.45 levels, 44 points down from the previous close.
At 9.55 am IST, Sensex and Nifty are trading marginally higher by 0.23 percent and 0.18 percent respectively. The Bank Nifty on the spot price is trading 0.20 percent up.
Divis Lab, ITC, Reliance are trading as the top gainers in the Nifty 50 index whereas M&M, Tata Motors, and HDFC are trading as the top losers. The most active stocks in the Nifty 50 index are Reliance, ITC, and M&M.
On a sectoral basis, Oil& Gas, Telecom, FMCG, and Healthcare sectors are trading higher. On the losing side, IT & Software, Automobiles, Infrastructure, and Insurance sectors are trading lower.
Indian stock markets may open flat to negative
Good morning and welcome to the stock market live today 31 May, at 7.55 am IST.
Asian markets are mostly trading in the red on Monday. Nikkei and Hang Seng are trading lower by 0.74 percent and 0.20 percent respectively while Shanghai is trading 0.25 percent down. SGX Nifty is also trading 46 points down at 15431 levels. The indication getting from the Asain market is negative, the Indian stock market may open flat to negative today
The U.S markets booked gains on Friday amid low trading volume due to the long weekend. The U.S markets will remain close on Monday 31 May on account of Memorial Day. The Market indexes Dow Jones and S&P 500 closed marginally higher by 0.19 percent and 0.08 percent respectively while Nasdaq ends 0.09 percent higher on Friday.
European markets closed higher on Friday as British-exposed financial stocks including HSBC gained following a hawkish comment from a Bank of England. Traders were optimistic about the prospects of an increase in the U.S fiscal spending plan. The European market index CAC and DAX gained 0.75 percent and 0.74 percent respectively while FTSE was up by 0.04 percent on Friday.
Indian equity market was up on Friday amid positive global cues. Nifty hits a fresh record high of 15469.65 levels on 28 May. The key benchmark indices Sensex and Nifty closed higher by 0.60 percent and 0.64 percent respectively. FIIs and DIIs both were buyers in the cash market segments on Friday. FIIs bought Rs 913.59 crores while DIIs bought Rs 1275.22 crores in the cash market on 28 May.
News that may impact the stock market live today 31 May
As RBI data showed on Friday 28 May, India’s foreign exchange reserves rose by $2.865 billion to a record high of $592.894 billion for the week ended May 21, boosted by gold and currency assets. The previous all-time high for the forex kitty was $ 590.185 billion for the week ended 9 January 2021.
Traders may remain cautious today due to the release of the GDP growth rate for Q4 ( January-March 2021.} The GDP growth rate for the 4th quarter FY20-21 is likely to remain positive around 0.5-2% while for the full financial FY2020-21 it may contract around 7-8 %.
Today’s Q4 results- Aurobindo Pharma, Allied Digital Services, Asian Granito, Jamna Auto Industries, JBF Industries, Kolte Patil Developers, Nahar Spinning Mills, Narayana Hrudayalaya, and others.
You can visit again to read more about the Indian stock market live today 31 May after the market gets open.
You may also like to read, Best Stocks to Buy in India for Short Term in June 2021
Technical view on Nifty and Bank Nifty ( 31 May- 4 June)
Happy Investing !!
Editor’s desk
