Today’s Stock Market Live, 3 June- Morning updates
Market Live Today-3 June- Indian stock markets are trading higher, Financial and Banking stocks are in focus
Today’s Market Live 3 June: Indian stock markets opened higher on Thursday following the positive global market peers. Nifty opened at 15655.55 levels, up 79.35 points while Sensex made a gap up opening of 272.1 points at 52121.58 levels. The Bank Nifty on the spot price also made a positive opening of 162.7 points at 35536.45 levels.
At 9.45 am IST, Indian markets are trading optimistic. The key benchmark indices Sensex and Nifty are trading higher by 0.62 percent and 0.56 percent respectively. The Bank Nifty on the spot price is trading 0.45 percent up. The Nifty midcap and smallcap indices are also trading almost one percent higher.
Titan, ONGC, and Kotak Bank are trading as the top gainers in the Nifty 50 Index whereas Bajaj Auto, Cipla, and Tata Steel are trading as the top losers. The most active stocks in the Nifty 50 index are Reliance, SBI, and Adani Ports.
On a sectoral basis, all sectors are trading in the green today. Oil & Gas, Finance, Banking, Capital Goods sectors are trading as top gaining sectors at this moment.
Indian stock markets are likely to open higher today
Good morning and welcome to today’s stock market live updates, 3 June at 7.40 am IST
Asian markets are mostly trading in the green today tracking positive cues from the U.S markets overnight. Nikkei is trading higher by 0.39 percent whereas Hang Seng is trading lower by 0.16 percent. Shanghai is trading absolutely flat at this moment. SGX Nifty is trading 74 points up and trading at 15704 levels. The indication getting from the global market is positive, Indian stock markets are likely to open higher today.
The U.S market indices closed slightly higher on Wednesday as concerns around the consequences of a strong economic recovery, marked by inflation, creates a dilemma among investors. The US market indices Dow Jones gained 0.07 percent while S&P 500 and Nasdaq closed higher by 0.14 percent on Wednesday.
European markets gained on Wednesday as data showed a strong expansion in the U.S and European factory activity in May. However, the upside remained capped as investors were cautious ahead of U.S job data on Friday for confirmation of a solid recovery in the world’s largest economy. The European market indices FTSE and CAC gained 0.39 percent and 0.49 percent respectively. While DAX was up by 0.23 percent on Wednesday.
Indian stock market closed flat on Wednesday amid mixed global cues. The midcap and smallcap outperformed the benchmark indices. The benchmark indices Sensex closed marginally lower by 0.16 percent while Nifty gained 1.30 points and closed flat. FIIs and DIIs both were buyers in the cash market segment on Wednesday. FIIs bought Rs 921.10 crores while DIIs bought Rs 241.76 crores in the cash market on Wednesday.
News that may impact today’s stock market live 03 June
Industry Chamber FICCI on Wednesday suggested the government should follow a graded approach in unlocking economic activities. It further said any unit that is able to create an isolation bubble should be allowed to operate at all times even it does not qualify as essential.
Traders should remain cautious today as IHS Markit Service PMI and Composite PMI data will be announced during the market hours at 10.30 am IST.
Today’s quarterly results- Gujarat State Petronet, Apollo Tubes, GTL Infrastructure, Nucleus Software Exports, Quess Corp, Arvind Fashions, HEM Holdings, and others.
You can visit again to read more updates on today’s stock market live, 03 June after the markets get open.
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