Share Market Live 1st Dec: Markets are trading in the green, Manufacturing, IT stocks in focus

 

Share market live today at 1.40 pm IST, Nifty and Sensex extended their morning gains and are trading higher by 0.1% and 1.13% respectively. The Bank Nifty on the spot level is also trading 0.70% up. The Nifty midcap and smallcap indices are trading positive by 0.65% and 1.10% respectively

Gail, Sun Pharma, and ONGC are trading as the top gainers in the Nifty index whereas Nestle, Kotak Mahindra, and Titan Company are trading as the top loser in the Nifty index. Bajaj Finance, Reliance, and Kotak Mahindra bank are the most active stocks in the NSE.

On the sectoral front, almost all major sectors are trading in the green today. Manufacturing, Capital Goods, IT & Software are trading as top gainers.

European markets are trading in the green today.

 

Markets are trading higher today

 

It was a positive start for the Indian share market today on the first day of the month. The Nifty opened at 13062 levels, up by 93.25 points while Sensex made a gap up opening of 286.11 points and opened at 44435.83 levels. The Bank Nifty on the spot levels also made a positive opening of 235.75 points at 29844.80 levels.

At 10 am IST, the Nifty and Sensex are trading higher by 0.39% and 0.43% respectively while Bank Nifty on the spot levels trading 0.10% up

 

Indian share market likely to open in positive today

 

Good morning and welcome to the share market live updates today, 1st Dec, 8 am IST

Asian markets are trading positive today. Nikkei and Hang Seng are trading higher by 1.45% and 0.59% respectively while Shanghai is trading 0.37% up. SGX Nifty is trading up by just 4 points. Indian share markets are expected to open in the green today as per Asian market cues

The US markets fell on Monday but closed as hefty gainers for the month of November on vaccine news. The US market indices Dow and S&P 500 closed lower by 0.91% and 0.46% respectively while Nasdaq closed marginally lower by 0.06% on Monday 30 November.

European markets closed lower on Monday as investors were worried about Brexit negotiations just five weeks ahead of the deadline. The market indices FTSE and CAC declined 1.59% and 1.42% respectively while DAX closed lower by 0.33% on Monday 30 November.

Indian share markets observed a holiday on Monday on account of Gurunanak Jayanti. On Friday Nifty and Sensex closed marginally lower by 0.14% and 0.25% respectively.FIIs were the buyers and DIIs were the seller on Friday. FIIs bought Rs 7712.98 crore while DIIs sold Rs 4968.90 crore in the cash market segment on 27 November.

 

 

News that may influence the share market live today

 

On Friday, post markets hours India’s second-quarter GDP number announced at 7.5% contraction. This is as compared to 23.9% contraction in the first quarter and 4.4% in the same period last year. Though officially Indian is in recession, the number announced better than expected by analysts and experts. Indian share market may react positively on Tuesday on GDP data.

On Tuesday, IHS Markit India Manufacturing PMI data will be announced during the market. The PMI data rose to 58.9 in October from 56.8 in September. A positive PMI number can uplift the market sentiments on Tuesday. 

Automobile sectors will be in focus on Tuesday due to the November month’s Auto sales number. Auto sales are likely to remain positive in November due to the demand in the festive season.

India’s eight core industries’ output growth for October month was at -2.5%. This is as compared to revised data of-0.1 in the month of September versus -0.8% earlier. For April-October the eight core industries’ output grew -13% versus 0.3% on YoY.

You can visit this page after the market gets open for more share market news for today.

 

You may also like to read, Global & Indian Stock Markets weekly updates (23-27 Nov)

                                          Nifty, Bank Nifty futures prediction for (1st-4th Dec) week  

 

Happy Investing!!

Editor’s Desk