Market Live: Nifty and Sensex are trading lower, all sectors are trading in red

 

Indian markets opened gap down as indicated by the global cues. The Nifty opened at 11354.40 down 173.05 points while Sensex opened at 38325 and made a gap down of 665.94 points. Bank Nifty also opened a gap down of 411.7 points and at 23119.15.

At 10 AM, Nifty and Sensex are trading lower at 1.10% and 1.15% respectively while Bank Nifty down 1.45% 

Bharti Infratel, Maruti Suzuki, and Britannia are trading as the top gainers in the Nifty Index whereas Adani Ports, Wipro, and Hindalco are trading as top losers. The most active stocks at this moment are Vodafone Idea, Reliance, and Bharti Infratel.

Almost all sectors are trading lower except Healthcare and Retail sectors which are trading flat to positive. Banking & Finance, Capital Goods, FMCG, Metals, Oil & Gas, and Infrastructure all are down more than 1%

 

SGX Nifty is down 147 points, markets will open gap down today following the US markets

 

Good morning and welcome to market live for 4th Sept, at 8.50 AM

Asain markets are trading lower today while following the overnight losses from the US Markets. The Nikkei is trading 0.96% lower while Shanghai and Hang Seng are trading down by 1.38% and 1.90% respectively. The SGX Nifty is also trading lower by 147 points of 1.27% and indicating a gap down opening for the Indian markets.

The US markets fell sharply on Thursday after the heavy profit-taking on technology shares. The jobless benefit claim also fell and Service PMI data have slowed down. Traders were in doubt about the prospect of further fiscal stimulus from Congress may be one of the reasons for market fall

The US markets index Dow has declined 2.8% while S&P 500 and Nasdaq tanks 3.51% and 4.96% respectively on Thursday, 3rd September.

The European markets were trading higher after opening the market it turned negative while following the US markets. The weak retail sales and service sector data also fueled the market to trade in the negative zone. The European Index FTSE and DAX fell 1.52% and 1.40% respectively while the CAC was down by 0.44% yesterday.

Back home in India, yesterday the market closed in flat. Nifty was down by 0.07% while Sensex declined by 0.24% on Thursday. FIIs and DIIs both were buyers in the cash market. FIIs bought Rs 7.72 cr while DIIs also bought Rs 120.08 cr in the cash market yesterday.

The News that may influence the Live Market today

 

Yesterday in a review meeting with Banks and NBFCs through video conferencing Finance Minister Nirmala Sitharaman has asked to roll out a loan restructuring scheme for COVID-19 related stress by September 15. FM also asked to provide adequate support to the borrowers following the lifting of the moratorium on repayment of debts.

The trading volume in NSE and BSE has become down recently after the introduction of a new margin system for the cash market. Yesterday, NSE has decided to not to levy a penalty for client margin short/non-collection and reporting in cash and Derivatives segments both. This would be applicable for 15 days i.e from 1st September to 15th September 

Today’s result- National Aluminium Company, Goodyear India, Repco Home Finance, Future Retail, Jubilant Life Sciences, etc.

You can also visit this page after opening the market for more share market live updates for 4th Sept

 

You may also like to read, Nifty 50 share price closed flat, ICICI, Axis, Kotak are top losers

 

Happy Investing

Editor’s Desk