Share Market Today | Live Market updates 5 March
Share market today 5 March || Indices erased some early losses
Market live today 5 March: It was a negative start for the Indian share market today due to the global market weakness. Nifty opened at 14977.95 levels made a negative opening of 102.80 points while Sensex opened at 50517.36 levels, down by 328.72 points from the previous close. The Bank Nifty on the spot price opened at 35458.50 down by 344 points.
At 9.45 am IST the Sensex and Nifty are trading lower by 0.23% and 0.21% respectively while Bank Nifty on the spot price is trading 1.08% down.
ONGC, BPCL, Gail are trading as the top gainers in the Nifty50 index whereas IndusInd Bank, ICICI Bank, and SBI are trading as the top losers. The most active stocks in the Nifty50 index at this moment are Wipro, SBI, and Reliance.
On the sectoral front, Oil & Gas, Power, and IT & Software sectors are trading marginally higher whereas Banking, Metals, and Healthcare sectors are trading as top losers.
Indian share market will open in the red today
Good morning and welcome to the share market today, 5 March live updates at 8. am IST
Asian markets are trading in the red today tracking negative cues from Wall Street. Nikkei and Hang Seng are trading lower by % 1.97% and 1.71% respectively while Shanghai is trading 0.73 % down. SGX Nifty is also trading 162 points down. The indication getting from the global peers is negative for the Indian share market today.
The selloff in the US markets was seen on Thursday after Fed Chair Jerome Powell cautioned that inflation could rise as the American economy reopens. The US market indices Nasdaq slipped 2.1% as bond yields rise sharply after the Fed’s Chairman’s comment. Dow and S&P 500 also declined by 1.11% and 1.34% respectively on Thursday.
European markets closed mostly lower on Thursday due to the weakness in their Wall Street peers as rising yields turned the spotlight on frothy valuations. The European market indices FTSE and DAX closed lower by 0.37% and 0.17% respectively while CAC closed absolutely flat on Thursday.
Indian share market slipped on Thursday amid weak global cues. Sensex and Nifty fell 1.16% and 1.08% respectively. FIIs and DIIs both were sellers in the cash market segment. FIIs sold Rs 223.11 crores and DIIs sold Rs 788.19 crores in the cash market segment on Thursday.
News that may impact the share market today live
On Thursday, the Commerce and Industry Ministry said, India attracted the total FDI inflows of USD 67.54 billion from April to December 2020. It is the highest ever for the first nine months of a financial year and 22% higher as compared to the first nine months of 2019-20. FDI equity inflow increased by 40% in the first 9 months of FY 2020-21
Filings for the US unemployment benefits in the last week of February have reached nearly three months low. As per the Labour Department, the jobless claim rose slightly to 745000 for the week ended Feb 27 from a revised 736000 the prior week
Fed Chairman Jerome Powell expressed little worry about inflation and provided no indication of policy changes ahead. Inflation is not good for bonds as it causes rising yields and falling prices. The bond yields rose and the US market fell after the Fed Chairman’s comments overnight.
You can visit this page again to read more share market live updates today 5 March after the markets get open.
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