Indian stock market live, 1 April 2021
Market Live Today 1 April- Indian stock markets are trading higher, Metal, IT, and Auto stocks are in focus.
Market live today 1 April: It was a strong opening for the Indian stock market today amid positive global cues. Nifty opened at 14798.40 levels, up by 107.7 points from the previous close while Sensex made a positive opening of 359.38 points at 49868.53 levels. The Bank Nifty on the spot price made a gap up opening of 284.1 points at 33588 levels.
At 9.55 am IST Sensex and Nifty are trading higher by 0.53 percent and 0.55 percent respectively, while Bank Nifty on the spot price is trading marginally higher by 0.24 percent.
JSW Steel, HCL Tech, and Hero Motor Corp are trading as the top gainers in the Nifty50 index whereas HDFC Life, IOC, and UPL are trading as the top losers. The most active stocks in the Nifty50 index at this moment are Tata Steel, HDFC Bank, and TCS.
On the sectoral front, barring Insurance all other sectors are trading in the green today. Metals, IT & Software, Automobiles, and Capital Goods sectors are trading more than 1 percent higher at this moment.
Market live today 1 April- Indian stock market may open strong today
Good morning and welcome to the Indian stock market live today, 1 April at 8 am IST
Asian markets are trading in the green today tracking the positive cues from Wall Street. Nikkei and Hang Seng are trading higher by 1.18 percent and 1 percent respectively while Shanghai is trading 0.45 percent up. SGX Nifty is trading 109 points higher at this moment. The indication getting from the Asian market is positive for the domestic market. Indian stock markets may open strong today.
The US markets lost some momentum ahead of the closing bell and ended in a mixed state on Wednesday. After the closing bell president, Joe Biden announced the $2 trn infrastructure spending plan. The US market indices Nasdaq and S&P 500 gained 1.54 percent and 0.36 percent respectively while Dow closed lower by 0.26 percent.
The European markets closed marginally lower due to the corporate news that drives the markets on Wednesday. The UK’s Q4 GDP grew by 1.3 percent from an initial estimate of 1.0 percent growth. The European market indices FTSE and CAC closed lower by 0.86 percent and 0.34 percent respectively while DAX ends almost flat on Wednesday.
Indian stock markets closed lower on Wednesday amid negative cues from the global peers. Sensex and Nifty fell 1.25 percent and 1.04 percent respectively. FIIs were the seller and DIIs were the buyers in the cash market segment. FIIs sold Rs 1685.91 crores whereas DIIs bought Rs 2081.52 crores in the cash market on Wednesday.
News that may impact the Indian stock market live today, 1 April
Finance Minister on Wednesday announced a cut in small savings deposit rate from 4 percent to 3.5 percent for the first quarter of the financial year 2021. Senior citizen savings scheme interest is also reduced to 6.5 percent from 7.4 percent.
The government on Wednesday announced capital infusion totaling Rs 14500 crore in four public sector banks (PSBs) through zero-coupon bonds. Last year November the government infused Rs 5500 crore in Punjab & Sind Bank.
The non-interest-bearing bonds that have been issued to the Central Bank of India are Rs 4800 crores, Rs 4100 crores in Indian Overseas Bank, Rs 3000 crore in Bank of India, and Rs 2600 crore in UCO Bank.
The output of the eight-core sector declined by 4.6 percent in February 2021, the steepest fall in the last six months. This is compared to 6.4 percent growth as compared to February 2020. In January 2021 the growth in the eight-core sector was recorded 0.9 percent and O.2 percent in December.
You can visit this page again to read more Indian stock market live for today 1 April after the markets get open.
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