Nifty and Sensex Index today- Morning Updates for 11 May
Indian Market Index Live 11 May- Nifty and Sensex are trading lower, Metals, IT, and Banking stocks are down
Nifty and Sensex Index Today 11 May: It was a gap down opening for the Indian stock market on Tuesday following the negative cues from the global market peers. Nifty and Sensex today opened in the deep red. The Nifty index opened at 14789.70 levels, down by 152.65 points while Sensex made a gap down opening of 435.96 points at 49066.45 levels. The Bank Nifty on the spot price opened at 32640.95 levels, down by 501.45 points.
At 9.50 am IST, Nifty and Sensex are trading lower by 0.73 percent and 0.76 percent respectively. The Bank Nifty on the spot price is trading 1.13 percent down at this moment.
Coal India, Sun Pharma, and IOC are trading as the top gainers in the Nifty 50 index whereas Hindalco, JSW Steel, and HDFC are trading as the top losers. The most active stocks in the Nifty 50 index at this moment are Tata Steel, Sun Pharma, and UPL.
On the sectoral front, Healthcare, Oil & Gas, Capital Goods, and Consumer Durable sectors are trading higher. On the losing side Metals, IT & Software, and Banking sectors are dragging lower at this moment.
Nifty and Sensex are likely to open gap-down today
Good morning and welcome to the Nifty and Sensex index today 11 May at 7.55 am IST
Asian markets are trading in the deep red on Tuesday morning tracking overnight negative cues from the US markets. Nikkei and Hang Seng are trading lower by 2.70 percent and 2.24 percent respectively. Shanghai is trading 0.77 percent at this moment. SGX Nifty is also down 213 points. The global cues are negative today, the key benchmark index Nifty and Sensex are expected to open gap-down today.
The US markets closed lower on Monday as traders are concerns that higher inflation may erode the value of future earnings. Investors booked profit in the technology shares ahead of the inflation data. The US market Indexes Nasdaq and S&P 500 fell 2.55 percent and 1.04 percent respectively whereas Dow closed lower by 0.10 percent on Monday.
European markets were mixed on Monday and closed seedy after hitting records as the pound moved higher for the first time since February and optimism for the reopening of the business. The European market indexes CAC and DAX closed absolutely flat while FTSE was slightly down by 0.08 percent on Monday.
Indian markets closed higher with the support of global market cues on the first day of the week. Nifty and Sensex index gained 0.80 percent and 0.60 percent respectively on Monday. FIIs were buyers and DIIs were the sellers in the cash market. FIIs bought Rs 583.69 crores and DIIs sold Rs 476.26 crores in the cash market on Monday.
News that may impact the Nifty and Sensex index today 11 May
The Indian rating agency Crisil on May 10 said that India’s GDP growth rate could drop to single digits. If the second wave of the Covid-19 reaches a peak number of cases by June-end then the GDP would be around 8.2% in 2021-22 and in the case, it reaches a peak in May-end GDP will fall to 9.8%. The rating agency had earlier projected India’s GDP to grow at 11% in FY 2021-22
According to India Rating’s report on Monday, partial to full lockdown imposed by various states due to the second wave are likely to have muted impact on the overall business environment, because of strong export demand and improved balance sheets in the past six months. Small businesses and retail borrowers are likely to see stress according to the report.
Today’s quarterly results-Siemens, BASF India, Andhra Paper, Granules India, Kalpaturu Power Transmission, KEC International, Firstsource Solutions, Savani Financials, etc
You can visit this page again to read more about the Nifty and Sensex Index today after the markets get open.
You may also like to read, Nifty | Bank Nifty Futures Prediction for Tomorrow 11 May
Share Market Books in Hindi | शेयर मार्किट हिन्दी बुक्स
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