Market Live 7 Dec: Sensex and Nifty are trading higher, HDFC bank down 1.4%

 

Sensex and Nifty Live Today 7 Dec: It was a flat start for the Indian stock market today amid mixed cues from the global markets. The Nifty opened at 13264.85 levels today, up by only 6.3 points while Sensex opened flat at 45099.92 levels just 20.37 points higher from the previous close. The Bank Nifty on the spot levels opened at 30062.60 levels up by only 10.2 points.

At 9.55 am IST, Sensex and Nifty are trading higher by 0.41% and 0.39% respectively while Bank Nifty on the spot levels trading 0.26% up.

Adani Ports, Gail, and ONGC are trading as top gainers in the Nifty Index whereas HDFC Bank, Kotak Mahindra, and Titan Company are trading as the top losers. ICICI Bank, SBI, and HDFC are trading as the most active stocks in the NSE.

Infra, FMCG, and Telecom sectors are trading higher whereas some profit booking is seen in the IT sector

 

SGX Nifty is trading 42 points lower, Sensex, Nifty may open in the red today

 

Good morning and welcome to the Sensex and Nifty live today 7 Dec at 8 am IST

Asian markets are mostly trading in the red today. Nikkei and Hang Seng are trading lower by 0.24% and 1.54% respectively while Shanghai is trading 0.33% down. The SGX Nifty is also trading in the red. It is trading 45 points down, indicates a negative opening for the Sensex and Nifty today.

The US markets gained on Friday 4 December with the hopes of a new fiscal stimulus package from Congress to combat the economic impact of the coronavirus pandemic. The market indices Dow and S&P 500 closed higher by 0.83% and 0.88% respectively while Nasdaq gained 0.70% on Friday 4 December.

The European markets closed higher on Friday as Energy stocks supported the market to trade higher after a compromise between OPEC and other production members to continue some production cut. The European market index FTSE and CAC closed higher by 0.92% and 0.62% respectively while DAX up by 0.35% last Friday.

The Indian equity benchmark closed at a record high on Friday. The Sensex and Nifty gained 1% and 0.95% respectively. FIIs were the buyers and DIIs were the seller in the cash market segment. FIIs bought Rs 2969.59 crore while DIIs sold Rs 1971.60 crore in the cash market on 4 December.

 

 

News that may influence the Sensex and Nifty live today, 7 Dec

 

According to the Reserve Bank of India’s (RBI) weekly statistical report, India’s foreign exchange reserves marginally fell by $469 million during the week ending 27 November to $574.821 billion. This is as compared to $575.290 billion in the previous week.

Pfizer seeks emergency use authorization for its coronavirus vaccine in India and submitter an application to the Drugs Controller General of India (DCGI) on 4 December. Pfizer India has become the first pharma company filed an application to DCGI for its approval.

You may visit this page again for more Sensex and Nifty live updates today, 7 Dec

 

You may also like to read,  Nifty & Bank Nifty futures for the week (7-11 Dec)

                                           Indian Stock Market updates- Week ended 4th Dec 2020

 

Happy Investing !!

Editor’s Desk