Market Live: Nifty trading above 11300 levels, Cipla, M&M top gainers

 

Share Market live for 10th Aug at 1.30 pm: Markets are trading positively at 1.30 p.m. The Nifty and Sensex are trading at 0.86% and 0.76% respectively while Bank Nifty is trading higher at 1.10%. European markets are trading marginally higher.

Cipla and M&M are trading higher at 10% & 5.6% respectively after Q1FY21 results on Friday. Cipla, Bajaj Finance, and Reliance are trading as the most active stocks in the Nifty index.

Healthcare, Infrastructure, and Capital goods stocks are trading as top gainers whereas Oil & Gas and Retail sectors are trading marginally lower.

Market Live: Nifty gainers and losers, Pharma, Infra are the focus, Cipla trading above 6%

 

Market Live for 10th Aug at 10.30 a.m: The top gaining stocks in the Nifty index are Cipla, M&M, Larsen & Toubro, Tata Motors, and Kotak Mahindra Bank whereas the top losing stocks are Hindalco, Maruti Suzuki, Hero Motor Corp, Asian Paints, and Tata Steel. The most active stocks at this moment are Bajaj Finance, Cipla, and Reliance,

The share price of Cipla is trading as the top gainer, up by above 6% in the Nifty index. The company had announced a strong Q1FY21 result on Friday after market hours.

Mahindra and Mahindra is also trading higher by 5.7% after its Q1FY21 results announced on Friday.

Healthcare, Infrastructure, Capital Goods are top gaining sectors while Metals & Minings, Logistics sectors are trading in the red.

 

Market Live for 10th Aug: Markets are trading higher today

 

Indian share market opened in a positive note as indicated by the SGX Nifty today morning. The Nifty opened at 11270.25, up by 56.2 points from the previous close. The Sensex opened at 38168.42 levels made a gap up of 127.85 points while the Bank Nifty opened at 21824.90 levels made a gap up opening of 70.90 points.

At 10 a.m, the Nifty and Sensex are trading higher at 0.82% and 0.76% respectively while Bank Nifty is trading at 1.06% up. The Nifty midcap and smallcap 100 indices are trading higher by 1.23% and 1.10% respectively.

 

Market Live for 10th Aug: Indian markets are expected to open in green

 

Good morning and welcome to share market live updates for 10th Aug, at 8.50 a.m

The Asian market cues are mixed today, Japan and Singapore exchanges are having holiday today. Hang Seng is trading lower at 0.28% while SGX Nifty is trading at 35points or 0.31% up. The indication getting from the SGX Nifty is positive for the Indian markets.

The US markets on Friday closed mixed as investors were kept both the eye on tensions between the US and China and US coronavirus aid after talks between the White House and Democrat lawmakers broke down. The Dow index was marginally up by 0.17% and Nasdaq was down by 0.87% on Friday night.

The European markets were closed flat to positive on 7th August. The FTSE and CAC were up by 0.9% while DAX gained 0.66%

Back home, the Indian markets closed in flat to positive last Friday. The Nifty gained 0.13% while the Sensex was up by 15 points only. The FIIs were the buyers and DIIs were the sellers in the cash market on Friday. FIIs bought Rs 397.32 cr whereas DIIs sold Rs 438.62 cr on 7th August.

News that can influence the live market today

The US job growth data for July was weaker than May and June. The US economy had added 1.8 million jobs in July according to government released data last Friday.

As per the latest data released by RBI India’s foreign exchange reserves are now increased to $534.5 billion by week ending July 31. This is after the rise of  $11.9 billion during the week (24th-31st July)

India has attracted over $22 billion worth of Foreign Direct Investments, as per the Niti Aayog CEO Amitabh Kant on 8th August. During the pandemic period, India had attracted $22 billion as FDI and 90% are through automatic route.

Cipla reported the Q1FY21 results after the market hours on Friday, markets will react today on the Cipla quarterly results.

Today’s results- Bank of Baroda, Power Grid Corporation, Titan Company, AstraZeneca Pharma, CARE Rating, etc

 

Read more share market live updates after market opening.

 

You may also like to read, Nifty50, Bank Nifty & other key factors for next week