Indian stock market updates today, 8 Nov 2021
Closing Bell: Nifty closed above 18K, Sensex gains 477 pts
Indian stock markets finished higher amid volatility in the morning trading session. At the close, Nifty gained 151.75 points or 0.85 percent and closed at 18068.55 while Sensex was up by 477.99 points or 0.80 percent and finished at 60545.61 levels. The Bank Nifty spot price closed marginally lower 135.45 points or 0.34 percent and ended at 39438.25 levels.
The broader markets also closed higher in line with their larger peers. The Nifty midcap index gained 376 points or 1.20 percent and closed at 31818.65 levels. The Nifty smallcap index was up by 118.80 points or 1.08 percent and finished at 11158.45 levels.
The top five gainers in the Nifty50 index were Titan, IOC, Bajaj Finserve, Ultra Tech Cement, and TechM. The top five losers were IndusInd Bank, Divislab, M&M, SBI, and Hindalco. The most active stocks in the Nifty50 index in terms of value were IndusInd Bank, Reliance, and SBI. The most active stocks in terms of volume were SBI, Tata Motors, and IndusInd Bank.
On a sectoral front, barring Pharma, and Banking all other sectors closed in the green today. The sectors that led the rally were Metals, Media, Realty, Energy, IT, and Consumer Durables.
Market Live, 8 Nov 2021: Nifty trading above 18K, IT stocks are in focus
The Indian stock market indexes reversed their losses and are trading in the green in the afternoon trading session. The market sentiments were downbeat in the morning session with a private report that the excise duty cuts on diesel and petrol will cost Rs 45,000 crore and lead to a 0.3 percent point widening in the Centre’s fiscal deficit.
However, the market sentiments improved in the afternoon session as traders took some support with SBI Chairman Dinesh Kumar Khara’s statement that India is ready to move into the next orbit of growth with the hugely successful implementation of the Covid-19 vaccination program. Meanwhile, Finance Minister Nirmala Sitharaman has asked for suggestions on taxation from industries and trade bodies for Budget 2022-23, which is going to set the tone for the growth of India’s economy hit by the Covid-19 pandemic.
At 1.15 pm, the key benchmark indices Sensex and Nifty are trading higher by 0.61 percent and 0.63 percent respectively. The Bank Nifty spot price is trading lower by 0.61 percent. The broader markets are trading in line with their larger peers, as Nifty midcap and smallcap indices are trading higher by 0.87 percent and 0.49 percent respectively.
On a sectoral front, IT, media, and realty sectors are trading higher whereas Pharma, and Banks are trading in the red.
Indian stock market erased all early gains and trading negatively
Markets live updates today, 8 Nov 2021: Indian stock market opened higher amid mixed cues from the other Asian market peers. The US markets and European markets closed positively on Friday due to strong US job market data. Among the Asian markets, Nikkei and Hang Seng are trading marginally lower due to profit-booking whereas Kospi is down more than 1 percent ahead of the US and China’s inflation data.
In India, the key benchmark indices Sensex opened at 60385.76, up by 318.14 points while Nifty made a positive opening of 123.4 points at 18040.20 levels. The Bank Nifty index also made a positive opening of 100.35 points at 39674.05 levels.
Stock Market Live- 8 Nov 2021
The markets erased all early gains immediately after a few minutes of trading. At 10 am, Sensex and Nifty are trading lower by 0.31 percent and 0.27 percent respectively. The Bank Nifty on-spot price is trading lower by 0.85 percent. The broader markets are trading mixed at this time. The Nifty midcap and smallcap indexes are trading higher by 0.34 percent and 0.12 percent respectively.
The top gaining stocks in the Nifty50 index at this time are Eicher Motors, Bharti Airtel, and Grasim. The top losing stocks are IndusInd Bank, Divis Labs, and Hindalco.
On a sectoral front, Nifty PSU Bank, Auto, and Media sectors are trading in the green. The sectors that are dragging the markets are Pharma, Banks, and Metals.
You can visit this page to read more Indian stock market live updates for today 8 Nov 2021
You may also like to read, Stock Market Next Week (8 to 12 Nov 2021)- Expert’s View
Nifty & Bank Nifty prediction for Monday, 8 Nov
Happy Investing !!
Editor’s Desk
