Share market updates today 8 Jan, top gainers and losers
Share market updates today- Nifty ends above 14300, Sensex gained 689 pts
Market updates: Indian share markets opened strong today as indicated by the Asian markets in the morning. The benchmark indices traded above their neutral line throughout the day due to positive global cues and hopes of additional stimulus in the United States. In the end, markets extended their early gains and closed in the positive zone.
The share market sentiments remain upbeat today as the Central Board of Indirect Taxes & Customs (CBIC) introduced a liberalized Authorised Economic Operator package for micro, small and medium enterprises (MSMEs) for swift custom clearances. In order to attract MSMEs to become Authorised Economic Operators (AEOs) and avail various benefits, the CBIC has relaxed the compliance criteria provided the MSMEs have a valid certificate from their line-ministry.
On the global front, Asian markets were closed positive on Friday while following the U.S markets overnight. Investors set their huge expectation for a large US stimulus aid after Democrats took control of the Senate. The European markets are trading higher at 4 pm IST. The U.S future markets are also trading marginally higher at this moment
Share markets updates: Nifty, Sensex, and Bank Nifty today
At the close, Nifty gained 209.90 points or 1.49% and at 14347.25 levels while Sensex jumped 689.19 points or 1.44% and at 48782.51 levels. The Bank Nifty on the spot levels also closed higher by 128.20 points or 0.41% and at 32084.20 levels.
The Nifty midcap and smallcap indices also closed higher today. The midcap index climbed 229.55 points or 1.05% and at 22194.10. The smallcap index also gained 44.45 points or 0.60% and closed at 7443 levels.
The top five gainers in the Nifty 50 index for the day were Maruti Suzuki, Wipro, Tech Mahindra, UPL, and Eicher Motors. The top five losers in the Nifty 50 index for the day were Hindalco, Tata Steel, IndusInd Bank, Bharti Airtel, and ITC. The most active stocks for the day in NSE were Reliance, Maruti Suzuki, and TCS.
On a sectoral basis, IT & Software, Automobiles, Capital Goods, Insurance, and Oil & Gas sectors closed as top gainers. On the losing side, Metals, Telecom, Electricals, and Aviation closed in the red today.
F&O market updates today: Nifty & Bank Nifty futures
The Nifty futures share price today opened at 14281, it made a positive opening of only 89.9 points. It has touched an intraday high at 14379.30 and a day’s low at 14249
The Nifty futures share price has given a movement of 130.3 points. In the end, it gained 183.8 points or 1.30% and closed at 14374.90 levels.
The Bank Nifty futures share price opened at 32305.1 It made a negative opening of 226.35 points today. It has touched an intraday high at 32337.95 and a day’s low at 32080.20
During the day, the Bank Nifty futures share price has given a movement of 257.75 points. In the end, it gained 85.2 points or 0.27% and closed at the 32163.95 levels.
Conclusions:
Indian share market bounced back after two days of pause. The market sentiments got boosted due to the positive global market sentiments. The Nifty and Sensex closed at a record high today. The midcap and smallcap sectors also participated in the rally today.
You can visit our website again to read “the key factors that may impact the market next week”, Nifty and Bank Nifty target for next week, articles, stocks news, and more.
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Indian Stock Market View for today 8 Jan 2021
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