Market Live 28th Aug: Nifty & Sensex are trading higher
Market Live for 28th Aug: Markets are trading higher, Metals, Banks are in focus
Share Market Live for 28th Aug, at 10 AM: Indian share market opened higher today as expected in the morning. Nifty added 43.7 points from yesterday’s close and opened at 11602.95. The Sensex opened at 39264.48 levels a gap up opening of 151.01 points. Bank Nifty also opened higher at 23635.30 levels, a positive opening of 34.05 points.
At 10 AM, the Nifty and Sensex are trading higher at 0.51% and 0.53% while Bank Nifty is up by 1.41%
Axis Bank, IndusInd Bank, UPL, ICICI Bank, and Zee Entertainment are trading as to Nifty gainers whereas Tata Motors, JSW Steel, HCL Tech, Infosys, HDFC Bank are trading as top Nifty losers. IndusInd Bank, Reliance, and Axis Bank are training as the most active stock in the Nifty index.
Almost all major sectors are trading higher today. Metals, Banking, and Capital Goods sectors are trading as top supporting sectors in the Nifty index
Share Market Live for 28th Aug: Nifty and Sensex may open gap up today
Good morning and welcome to share market live updates for 28th Aug
Market live for 28th Aug, at 8.50 AM: All major Asian markets are trading higher today except Taiwan and Jakarta. Nikkei and Hang Seng are trading higher at 0.36% and 0.93%. The SGX Nifty is also trading 43 points or 0.37% up on Friday morning. The Asian market cues are positive for the Indian Markets today.
The Wall Street gained yesterday after Federal Reserve Chairman Jerome Powell said the Central Bank would abandon its policy of pre-emptively raising rates to head off inflation. The Dow and S&P 500 closed higher at 0.6% and 0.2% respectively whereas Nasdaq touched an all-time intraday high and closed lower by 0.3% yesterday.
The European markets declined yesterday due to the profit booking in the resources stocks. The FTSE and DAX closed lower by 0.71% and 0.74% respectively while CAC was down by 0.64% on Thursday, 27th August.
Back home in India, yesterday Nifty and Sensex closed marginally higher. Nifty was up by 0.08% and Sensex gained 0.10% on Thursday. FIIs were buyers and DIIs were sellers yesterday. FIIs bought Rs 1164.32 cr whereas DIIs sold Rs 809.27cr in the cash segment on Thursday, 27th August.
News that can influence share market live today 28th Aug
On 27th August, PM Modi announced 74% Foreign Direct Investment (FDI) in the defence sector through automatic route. This is done with the intention to push for ‘Aatmanirbhar Bharat’ in defecnce manufacturing.
In the US one million people made new claims for jobless benefits on the 22nd August ended week. There was a slight improvement in the data from the previous week and in line with expectations.
Today’s result- GP Petroleum, Inox Wind, Kohinoor foods, Archies, Khadim India, Industrial Investment Trust, Magnum Ventures, etc.
You can visit this page again for more live share market updates for 28th Aug.
You may also like to read, Nifty50 and Bank Nifty Index futures prediction for 28th Aug
Happy Investing!!
Editor’s Desk
