Nifty50 ends above 17800, Sensex 445 pts up, ONGC top gainer

 

Closing Bell: Nifty50 ends above 17800, Sensex 445 pts up, ONGC top gainer

 

Indian stock market indexes closed higher for the second consecutive days despite negative cues from the global markets. Nifty50 today gained 131.05 points or 0.74 percent and closed at 17822.30 levels while Sensex closed higher by 445.56 points or 0.75 percent and finished at 59744.88 levels. The Bank Nifty on the spot price also climbed 161.35 points or 0.43 percent and ended at 37741 levels.

The broader markets also closed higher in line with their larger peers. The Nifty midcap index gained 134.05 points or 0.43 percent and closed at 31009.40 levels. The Nifty smallcap index was up by 48.75 points or 0.44 percent and closed at 11125.25 levels.

The top five gainers in the Nifty50 index were ONGC, IndusInd Bank, Coal India, IOC, and SBI Life. The top five losers in the Nifty50 index were Cipla, Hindalco, Shree Cements, Sun Pharma, and Tata Consumer products. The most active stocks in the Nifty50 index in terms of value were ONGC, Bharti Airtel, and Reliance. The most active stocks in the Nifty50 index in terms of volume were ONGC, Coal India, and Tata Motors.

On a sectoral front, OIl & Gas, IT, Media, Banking, and Auto sectors closed higher. The sectors that closed in the red were Realty, Pharma, Metal, PSU Bank, and FMCG.

 

Indian stock markets turned positive, ONGC, IOC are top gainers

 

Indian market indices managed to erase their losses and are trading higher on the back of buying in Power, Oil & gas, and utility stocks. The market sentiments got some boost as Economic Affairs Secretary Ajay Seth said India has got on the path of economic recovery aided by various government reforms in the last seven years, Notwithstanding the pandemic, he said, the government continued with the reform process and many strategic reforms were announced even during Covid-19. 

Meanwhile, traders took note that the Indian business activity index, compiled by IHS Markit, stood at 55.2 in September compared to 56.7 in August. Though the service PMI eased in September it remain in the expansion zone. 

At 1.40 pm, the benchmark indices, Sensex and Nifty are trading higher by 0.37 percent and 0.40 percent respectively. The Bank Nifty spot price is also trading in the positive zone by 0.26 percent. The broader markets are also trading higher as Nifty midcap and smallcap indexes are trading 0.44 percent and 0.60 percent up at this moment.

ONGC, IndusInd Bank, and IOC are trading as the top gainers whereas Cipla, Tata Cons, and Shree Cement are trading as the top losing stocks.

On a sectoral front, the Energy, Media, and Auto sectors are trading higher whereas Realty, Pharma, and PSU Bank are trading in the red.

On the global front, European markets are trading in the green at this moment.

 

Stock Markets are trading marginally lower, Energy, Auto stocks are down

 

Indian stock markets opened lower amid negative cues from the global market peers. Nifty opened lower at 17661.35, down by 29.9 points while Sensex made a flat opening, up by only 20.82 points at 59320.14 levels. The Bank Nifty spot price made a negative opening of 79.85 points at 37579.65 levels.

At 9.50 am, the benchmark indices, Sensex and Nifty are trading marginally lower by 0.16 percent and 0.14 percent respectively. The Banknifty is trading lower by 0.42 percent. The broader markets are trading higher, as Nifty midcap and smallcap indexes are training positive by 0.13 percent and 0.53 percent respectively.

The Energy, Auto, and Media sectors are trading higher while Realty, Pharma, and IT sectors are trading in the red.

 

Global cues are negative today, Indian markets are likely to a gap down

 

Good morning and welcome to the Indian stock market live, 5 October at 8.10 am,

 

Asian markets are trading in the red on Tuesday tracking the negative cues overnight from Wall Street. China is not trading today due to a national holiday. Nikkei and Hang Seng are trading lower by 2.77 percent and 0.36 percent respectively. SGX Nifty is also trading lower by 132 points or 0.75 percent at 17578 levels.

 

The US Market Indexes updates

 

 

On Monday, the US markets closed lower due to heavy sell-off in Facebook and other technology shares as investors preferred to sell high-flying stocks due to a surge in bond yields. The US market indexes, Dow and S&P 500 declined by 0.94 percent and 1.30 percent respectively while Nasdaq was down by 2.14 percent on Monday.

 

European market indexes updates

 

European markets closed lower on Monday as the market sentiments were hit by a growing number of risks including inflation, rising bond yields, and debt-ridden China Evergrande’s financial troubles. The market indexes CAC and DAX declined by 0.61 percent and 0.79 percent respectively while FTSE was down 0.27 percent on Monday.

 

FIIs and DIIs updates

 

Indian stock markets closed almost a percent higher on Monday despite weak global cues. FIIs and DIIs both were buyers in the cash market segment on Monday. FIIs bought Rs 860.50 crore while DIIs bought Rs 228.06 crore on 4 October.

 

Market News Updates

 

In an OPEC plus allies meeting held on Monday, it was decided that it would stay with its plan for a gradual increase in production rather than offering more supply to the market as per the recent increase in demand. The Brent crude roared at three year high, above $81 a barrel.

Today Markit Service PMI and Composite PMI data are expected during the market hours at 10.30 am.

 

The indications getting from the global markets are negative, Indian stock markets are likely to open a gap down today

 

You may also like to read, Nifty & Bank Nifty Prediction for Tomorrow, 5 Oct 2021

 

Happy Investing !!

Editor’s Desk