Indian Stock market live for 2nd July

 

Stock Market live for 2nd July, at 1.15 pm: Indian benchmark indices are trading in a positive note. The Nifty futures extended its morning gains and are trading 1.25% higher. The Bank Nifty futures erased some early gains and are trading at 0.70% higher.

The Asian markets are in green and European markets also opened in a positive note today. The global cues are positive for the Indian market at this moment.

As per Fitch Rating, India’s non-banking financial institutions (NBFI) will continue to face elevated near term risk even as economic activity picks up with the easing of the country’s nationwide lockdown.

At 1.15 pm, the gaining stocks in the Nifty50 index are M&M, Heromotor corp, and Infosys while losing stocks are Axis Bank, Eicher Motors, and UPL. The most active stocks are Bajaj Finance, Reliance, and Axis Bank. 

The share price of Axis Bank fell 3% in the morning and now it is trading 1.70% lower. Today morning, the Board of Axis Bank has approved the proposal relating to the rising of funds not exceeding Rs 15000 crores through the issuance of various instruments.

 

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Nifty and Bank Nifty futures live recommendations

Stock Market Live for 2nd July, at 10.30 am- Nifty and Bank Nifty futures live recommendations

Nifty futures live recommendations

If Nifty futures Moves Above 10516 and sustain. Then you should Buy with 1st Target of 10535 during the day with a Stop Loss of 10438 FOR the Target of 10535- 10562- 10584

If Nifty futures Moves Below 10438 and sustain. Then you should Sell with 1st Target of 10416 during the day with a Stop Loss of 10516. FOR the Target of 10416- 10385- 10350

 

Bank Nifty futures live recommendations 

If Bank Nifty share price in futures  Moves Above 22080 and sustain. Then you should Buy with 1st Target of 22150 during the day with a Stop Loss of  21870. FOR the Target of 22150 – 22210- 22350

If Bank Nifty share price in futures Moves Below 21870 and sustained. Then you should Sell with 1st Target of 21810 during the day with a Stop Loss of 22080. FOR the Target of 21810 – 21740- 21620

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Stock Market Live for 2nd July, at 10 am: Nifty & Bank Nifty 

Indian benchmark indices opened higher as indicated SGX Nifty today. The Nifty futures opened at 10451.05 levels, it made a gap up opening of 42.75 points. The Bank Nifty futures opened at 22080.80, it was up by 150.35 points from the previous day’s close.

The Nifty and Bank Nifty futures are currently trading 0.74% and 1.25% higher respectively. Banking stocks are in focus today, HDFC Bank and IndusInd Bank are trading more than 2% higher today.

At 10 am, the top gainers in the Nifty50 index are ONGC, M&M, and IndusInd Bank whereas the losers are UPL, Maruti Suzuki, and Eicher Motors. Bajaj Finance, HDFC Bank, and Axis Bank are the most active stocks at this time. ONGC is trading more than 3% higher whereas the auto stocks like Maruti Suzuki and Eicher Motors are down by 0.63% and 0.34% respectively due to auto sales numbers.

Almost all major sectors are trading in the green. Banking &  Finance, IT & Software, and Infrastructure sectors are trading higher at this moment.

 

You may also like to read, Trading Nifty Futures For A Living: By ‘Chartless Trader’ 

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Good morning and welcome to Stock Market Live for 2nd July

 

Stock Market Live for 2nd July, at 8.30 am: Indian market will open in positive as indicated by the global cues. Asian markets are trading in the green today. Nikkei and Hang Seng are trading higher at 0.65% and 1.47% respectively. SGX Nifty is also up by 76 points or 0.73% giving a positive signal for the Indian markets. 

Yesterday, European markets closed marginally lower, FTSE and CAC were down by 0.19% and 0.18% and DAX declined 0.41%. The US markets closed in mixed, Dow closed 0.30% down whereas Nasdaq was up by 0.95% on 1st July.

 

Indian stock market outlook for today

On 1st July, the Nifty and Bank Nifty futures were closed at 10408.30 and 21930.40 respectively. Yesterday the market was positive due to improved PMI data, higher GST collection compared to the last two months, and World Bank’s loan approval for MSME news.

Indian market will open in the green today as the domestic and global sentiments are positive. But we feel the upside will remain capped as there are increasing cases of coronavirus infection, Extention of lockdown and the most important is FIIs are continuous selling in the cash market.

FIIs are selling consecutively for the 5th trading session in the Indian cash market segment. Yesterday, FIIs sold Rs 1696.45 cr and DIIs bought Rs 1377.13 cr in the cash market.

 

You can visit this page at 10 am for more updates and Nifty and Bank Nifty futures live recommendations.

 

Also read, Weekly Market Update: Nifty & Bank Nifty share price

 

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