Stock Market Live 3rd July: Nifty trading higher, Bank Nifty down by 0.40%

 

Indian Stock Market Live 3rd July, at 1.30 pm: The Nifty future is trading marginally higher at 0.20% and Bank Nifty futures is down by 0.60%. The market is trading at a tight range at this hour. Asian markets are mostly trading higher and Europen markets are in flat.

At 1.30 pm, Adani Ports, Tata Motors and Bharti Airtel are trading as top gaining stocks whereas Hindalco, Cipla, and HDFC Bank are top losing stocks in the Nifty50 index.

Capital goods, Infrastructure, and IT & Software sectors are trading in the green. Banking & Finance, Metals, and Manufacturing are trading lower at this hour.

 

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Nifty and Bank Nifty Futures Live Recommendations

 

Nifty futures live recommendations at 10.25

If Nifty futures Moves Above 10584 and sustain. Then you should Buy with 1st Target of 10608 during the day with a Stop Loss of 10528 FOR the Target of 10608- 10626- 10652

If Nifty futures Moves Below 10528 and sustain. Then you should Sell with 1st Target of 10506 during the day with a Stop Loss of 10584. FOR the Target of 10506- 10484- 10450

 

Bank Nifty futures live recommendations at 10.30

If Bank Nifty futures  Moves Above 22020 and sustain. Then you should Buy with 1st Target of 22130 during the day with a Stop Loss of  21710. FOR the Target of 22130 – 22220- 22340

If Bank Nifty futures Moves Below 21710 and sustained. Then you should Sell with 1st Target of 21620 during the day with a Stop Loss of 22020. FOR the Target of 21620 – 21540- 20380

 

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Stock Market Live: Nifty futures trading higher, Bank Nifty erased early gains

 

Live Market: It was a positive start for the Indian stock market today. The Nifty futures opened at 10579.65, it was made a gap up opening of 57.90 points. The Bank Nifty futures opened at 22149 and made a gap up of 171.7 points today. 

At 10 am, Nifty future is trading higher at 0.25% whereas Bank Nifty futures are trading at down by 0.50%. Bank Nifty erased all early gains immediately after a few minutes of trading. Both Private and PSS sector banks are trading in the red.

Tata Motors, Adani Ports, and Bajaj Auto are the top gainers at this time whereas IndusInd Bank, Vedanta, and IOC are top losing stocks. Reliance, Bajaj Finance, and HDFC Bank are the most active stocks 

IT& Software, Infrastructure, and Telecom sectors are trading in the green whereas Banking & Finance, and Metals and Mining sectors are trading lower.

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Good morning and welcome to Stock Market Live for 3rd July

 

Stock Market Live Updates: On 2nd July, the Indian market closed in positive for the second consecutive day with the support of global cues. Auto and IT sectors were the top gainers while Banking & Finance erased most of the early gains in the end. The Nifty and Bank Nifty futures yesterday closed at 10539.70 and 21977.30 respectively.

FIIs were the sellers and DIIs were buyers in the cash market on 2nd July. FIIs sold Rs 556.72 crores and DIIs bought Rs 908.64 crores in the ash segment.

On the global front, The US equity market closed in the positive after the news of strong job reports. Traders are on the hope that the US economy is on the track for recovery after the damage caused by the deadly virus. Dow closed up by 0.36% and Nasdaq gained 0.52% on 2nd July.

The European markets were also closed in the positive territory yesterday. FTSE closed at 1.3% higher and CAC and DAX closed higher at 2.49% and 2.84% respectively.

 

Stock Market live for 3rd July

 

At 8.30 am, The Asian markets are trading in the green. The Nikkei and Hang Seng are trading higher at 0.34% and 0.55% respectively. The SGX Nifty also trading 45 points or 0.43% higher. As per the global cues, the Indian market will open in the positive territory today.

 

Key news that can influence in today’s Market

 

The Caixin/Markit, the service PMI of China has risen to 58.4, it is highest since April 2010 

The US employers added 4.8 million jobs in June, the unemployment rate fell to 11.1%

India’s trade deficit with China has become narrow to $46 billion in 2019-20 due to a decline in imports.

CARE Rating has revised India’s GDP growth forecast for the current fiscal to -6.4% as economic activity continues to be under restriction in this year. Earlier the CARE had projected a decline in GDP growth of 1.5-1.6% in FY21

 

You can visit this page at 10 am for Stock Market Live updates and Nifty and Bank Nifty Live targets 

You may also like to read, Coronavirus impact on various sectors & Indian economic growth

 

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