Indian stock market live updates today 9 March 2021
Indian stock market live 9 March- Nifty trading above 15K, Insurance stocks are in focus
Market Live 9 March: It was a positive start for the Indian stock market today as indicated by the SGX Nifty in the morning. Nifty opened at 15049.90 levels, made a positive opening of 93.7 points. Sensex also made a gap-up opening of 273.09 points at 50714.16 levels. The Bank nifty on the spot price opened at 35705.90 levels up by 430.15 points.
At 9.45 am IST, Sensex and Nifty are trading higher by 0.78% and 0.80% respectively while Bank Nifty on spot price is trading 1.10% higher.
Grasim, SBI Life, HDFC Life are trading as the top gainers in the Nifty50 index whereas BPCL, GAIL, and UPL are trading as top losers. The most active stocks in the Nifty50 index at this moment are BPCL, Tata Motors, and HDFC Bank.
On the sectoral front, the Insurance, Banking, Financial, and Metal sectors are trading higher whereas Media, Oil & Gas, and Power sectors are trading marginally lower at 9.45 am IST.
Indian stock market may open positive today
Good morning and welcome to the Indian stock market live updates today 9 March at 8 am IST
Asian markets are trading mixed on Tuesday. Nikkei and Hang Seng are trading higher by 0.39% and 0.17% respectively whereas Shanghai is trading lower by 1.49%. SGX Nifty is trading 68 points up. The indication getting from the SGX Nifty is positive. Indian stock market may open positive today.
The US markets closed mixed on Monday amid elevated bond yields and stimulus hopes. The US market Index Dow closed higher by 0.97% whereas Nasdaq and S&P 500 declined by 2.41% and 0.54% respectively on the first day of the week 8 March.
The share of Banks, Insurance, and Automakers lifted the European market sentiments on Monday. Investors continued to move into economy-linked sectors in the hopes of a sharp economic recovery from the coronavirus downturn. The market indices FTSE gained 1.34% while CAC and DAX jumped 2.08% and 3.31% respectively on Monday.
Indian stock market closed marginally higher on Monday as markets could not sustain at higher levels and erased most of their early gains. Sensex and Nifty closed higher by 0.07% and 0.12% on Monday. FIIs have reversed their trend and become sellers whereas DIIs turned buyers in the cash markets. FIIs sold Rs 1494.49 crores while DIIs bought Rs 483.62 crores in the cash market segments.
News that may impact the Indian stock markets live updates today
Finance Minister Nirmala Sitharaman on Monday said the positive GDP growth of 0.4% in the third quarter of FY21 is due to fiscal measures was taken by the Central Government. The economy is estimated to contract by 8% during FY20-21 due to the coronavirus pandemic.
She has also added that the strategic disinvestment of the Government of India’s equity will lead to an infusion of capital for optimum utilization, expansion of capacity, infusion of technology, and better management practices.
The Coronavirus lockdown in early FY21 slammed the struggling financial sectors in India. The Fitch Rating on Monday said bad loans and credit costs are expected to rise at Indian banks as easy money policies to shore up a pandemic-battered economy may start to tighten.
You can visit this page again to read more Indian stock markets live updates today after the markets get open.
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