Closing Bell: Nifty ends near 17700 levels Sensex up 533pts today
At the close, Nifty gained 159.20 points or 0.91 percent and closed at 17691.25 while Sensex was up by 533.74 points or 0.91 percent and ended at 59299.32. The Bank Nifty on-the-spot levels also jumped 353.75 points or 0.95 percent and finished at 37579.65 levels.
The broader markets outperformed the benchmark indices today. The Nifty midcap index gained 478.50 points or 1.57 percent and closed at 30875.35 levels. The Nifty smallcap index was up by 172.05 points or 1.58 percent and finished at 11076.50 levels.
The top five gainers in the Nifty 50 index were Divis Lab, Hindalco, NTPC, Bajaj Finserve, and Tata Motors. The top five losers in the Nifty 50 index were Cipla, Grasim, UPL, IOC, and Eicher Motors. The most active stocks in the Nifty 50 index in terms of value were Divis Lab, Reliance, and Tata Motors. The most active stocks in terms of volume were NTPC, Tata Motors, and Coal India.
On a sectoral front, all major sectors in the NSE were closed in the green today. Nifty PSU Bank, Metal, Media, Pharma, Realty, IT, Financial and Banking all these sectors performed well today.
Nifty trading above 17700 levels, Realty, Pharma, Media stocks are up
Indian stock market indexes are trading higher, both Sensex and Nifty are trading above their neutral lines despite negative cues from other Asian markets. The market sentiments were positive as Union Commerce Minister Piyush Goyal said that India and the UAE share a natural partnership that will benefit both countries in terms of various opportunities and employment.
Domestic markets also got some support after the rating agency ICRA in its latest report has said that the higher than budgeted revenue collections, mostly higher tax devolution from the Centre, will help states reduce their market borrowing to Rs 7.6 lakh crore in FY22, which is 4.7 percent lower compared to previous year level.
At, 1.30 pm the benchmark indices Sensex and Nifty are trading higher by 0.91 percent and 0.87 percent respectively. The Bank Nifty is also trading 0.93 percent up at this moment. The broader markets are also trading higher as Nifty midcap and smallcap indexes are trading 1.31 percent and 1.57 percent respectively.
Divis lab, Bajaj Finserve, and NTPC are trading as the top gainers in the Nifty 50 index whereas Grasim, Cipla, and UPL are trading lower. On a sectoral front, the Nifty realty, media, and pharma sectors are trading higher at this moment.
European market indexes are trading in the red due to the weak Asain session and growing concern about China’s Evergrande. Earlier today, the Hong Kong Stock Exchange has suspended China Evergrande Group shares from trading from today and related structured products.
Indian Stock Markets are trading higher
Indian stock markets opened higher on Monday amid negative cues from the other Asain market peers. Nifty opened at 17615.55 levels, up by 83.5 points while Sensex made a higher opening of 377.42 points at 59143 levels. The Bank Nifty also opened higher at 37392.15 levels, up by 166.25 points from the previous close.
At 9.55 am, the benchmark indices, Sensex and Nifty are trading higher by 0.92 percent and 0.89 percent respectively. The Bank Nifty on the spot price is also trading 0.92 percent higher at this moment.
The broader markets are also trading higher in line with their larger peers. The Nifty midcap and smallcap indexes are trading higher by 0.86 percent and 1.14 percent respectively.
On a sectoral front, Pharma, Nifty PSU Bank, and Financial Services sectors are trading higher whereas Metal sector is trading marginally lower at this hour.
Good Morning and Welcome to the Indian Stock Market Live Today, 4 October at 8 am
Asain markets are mostly trading in the red on Monday. China is not trading till 7 Oct due to a national holiday. Nikkei and Hang Seng are trading lower by 1.09 percent and 2.60 percent respectively. SGX Nifty is trading almost flat only 17 points up at 17547 levels.
Global market Indexes on Friday
The US market indexes were closed higher on Friday due to positive factory growth data. The US market indexes Dow and S&P 500 gained 1.43 percent and 1.15 percent respectively while Nasdaq was up by 0.82 percent on the last day of the week.
European markets were closed in the red on Friday due to the consistent worries about growth and inflation. The European market index FTSE and DAX closed lower by 0.84 percent and 0.68 percent respectively while CAC closed marginally lower by 0.4 percent Friday.
FIIs & DIIs data on Friday
Indian stock markets closed lower last Friday amid negative global cues. FIIs were the buyers and DIIs were the sellers in the cash market. FIIs bought Rs 131.39 crore and DIIs sold Rs 613.08 crore on Friday.
As per the indications getting from the Asain markets, Indian stock markets are likely to open in a cautious mode today.
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Happy Investing!!
Editor’s Desk