Market Sentiments: Nifty closed above 9250 levels and Sensex gained around 200 pts

 

Market Sentiments: Nifty & Sensex- Indian share market opened in a strong note and traded a range-bound session. The Nifty and Sensex closed in the positive note whereas the Bank Nifty ended in the red today. The market sentiments were positive after Finance Minister Nirmala Sitharaman announced that PSBs sanctioned loans worth Rs 5.66 lakh crores.

The market sentiments also boosted after the news that the government is working on the financial package not only for MSMEs but also for all sectors of the economy.  Also, the Chief economic adviser (CEA) Kirshnamurty Subramanian expressed optimism that the Indian economy will stage a better recovery after the Covid-19 pandemic subsidized and it will be a V-shaped recovery. 

 

Market sentiments today: Nifty &  Sensex

At close, the Nifty gained 52.45 points or 0.57% and at 9251.50 while Sensex was up by 199.32 points or 0.63% and at 31642.70. The Bank Nifty closed in negative it was down by 138.90 points or 0.71% and closed at 19352.90 levels.

The Nifty midcap and smallcap index are also closed in the red today. The midcap 100 index was down by 42.05 points or 0.33% and the smallcap 100 Index was declined by 33.45 points or 0.85%.

The top five gainers in the Nifty stocks for the day are HUL, Nestle, Tech Mahindra, Dr. Reddy’s Lad, and Sun Pharma. The losers in the Nifty stocks for the day are Axis Bank, NTPC, M&M, IndusInd Bank, and SBI.

On a sectoral front today, the gainers are FMCG, Healthcare, Insurance, Oil & Gas, and Retails. On the losing side today, the sectors like Banking & Finance, Power, Metal, Paper, Hospitality, and Consumer Durables are closed in the red.

The market sentiment remained positive throughout the day today in the hopes of financial stimulus and positive global cues. The global market sentiments are positive and trading higher due to the lessening of tension between China and the US.

 

Nifty and Bank Nifty futures share price  today:

The Nifty futures share price opened at 9348.90 in the morning. It was made a gap up opening of 144.65 points in the morning. The Nifty future has touched a day’s high at 9369 and an intraday low at 9215 levels.

During the day the Nifty future share price has given a movement of 154 points and in the end, it was up by 30.75 points or 0.33% and closed at 9235. 

The Bank Nifty futures share price in futures opened at 19825 in the morning. It was opened a gap up by 319.70 points in the morning. It has touched an intraday high at 19950 and a day’s low at 19210. 

During the day, the Bank Nifty future share price has given a movement of 740 points. In the end, it was down by 225.30 points or 1.16% and closed at 19280

 

Conclusions

The Indian share market sentiments were positive throughout the day. Nifty closed above 9250 levels and Sensex up around 200 points. The support from the global markets boosts the market sentiments and it closed in the positive zone. The FIIs today bought Rs 1724.71 crores and DIIs sold Rs 1503.14 crores in the cash segment today.

Traders and investors can follow our weekly market updates and key factors that would influence the market next week here tomorrow 9th May. 

 

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Editor Desk

 

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