Share Market live 2nd Dec: Markets are trading on a flat note today

 

Indian share market opened on a flat note today as expected. The Nifty opened at 13121.40 levels, up only 12.35 points while Sensex made a gap up opening of 74.08 points at 44729.52 levels. The Bank Nifty also opened positive today at 29876.70 levels, up by 58.85 points.

At 9.55 am IST, Nifty and Sensex are trading marginally lower by 0.09% and 0.19% respectively whereas Bank Nifty on the spot levels trading 0.10% down.

 

Indian markets may open on a flat note

 

Good morning and welcome to the share market live updates today, 2nd Dec, at 8 am IST

Asian markets are mostly trading in the red today, Nikkei and Hang Seng are trading lower by 0.14% and 0.40% respectively while Shanghai is trading 0.42% down. SGX Nifty is also trading 19 points down indicating a flat opening for the Indian share market today.

The US markets gained on Tuesday extended November months rally on the vaccine hopes. Nasdaq and S&P 500 touched a fresh record high on Tuesday. The US market indices Dow gained 0.63% while Nasdaq and S&P 500 jumped 1.28% and 1.13% respectively on the 1st day of December.

European markets on Tuesday closed in positive on the first day of the month after a record-breaking gain in November. The markets gained with the optimism around a coronavirus vaccine strengthening the case for an economic recovery. The European market indices FTSE and CAC gained 1.89% and 1.14% respectively while DAX closed higher by 0.69% on 1st December.

Indian benchmark indices jumped more than 1% on the first day of the month. Nifty gained 1.08% while Sensex closed higher by 1.15% on Tuesday. FIIs continue to buy in the cash market segment while DIIs were the seller on 1st December. FIIs bought Rs 3242 crore whereas DIIs sold Rs 1043.21 crore in the cash market segment on Tuesday.

 

 

News that may influence the share market live today

 

The GST collections for the month of November stood at 1,04,963 lakh crore, almost the same on a month-on-month basis. The GST collection for the month of October 2020 was 1,05155 lakh crore whereas it was 1,03,491 lakh crore in November 2019. On a yearly basis, the GST collection rose by 1.4%

Indian unemployment in the urban and rural areas saw a drop in unemployment in November. The overall unemployment rate falls to 6.51% during the month is compared to 6.98 in October as per the CMIE reports. The drop in unemployment hints at strengthening the economic activity in the country.

You can read more on Indian share market live updates for today 2nd Dec after the market gets open.

 

You may also read, Nifty and Bank Nifty futures prediction for 2nd Dec 2020

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

 

Happy Investing!!

Editor’s Desk