Stock market live updates today 2 March 2021
Market live today 2 March: Indian stock markets are trading higher, IT stocks are in focus
Market live today 2 March: It was an optimistic start for the Indian stock markets today tracking the positive global market cues. Nifty opened at 14865.30 levels, made a positive opening of 103.75 points. Sensex made a gap up opening at 50258.09 levels, up by 408.25 points. The Bank Nifty on the spot price opened at 35458.15 levels made a gap up opening of 162.15 points.
At 9.50 am IST, Sensex and Nifty are trading higher by 0.80% and 0.83% respectively while Bank Nifty on the spot price trading 0.% up.
BPCL, NTPC, and Bajaj Finance are trading as the top gainers in the Nifty50 index whereas ONGC, HDFC, and Hindalco are trading as the top losers. The most active stocks in the Nifty50 index at this moment are BPCL, HDFC, and Bharti Airtel.
On a sectoral front, almost all major sectors are trading higher at this moment. The top gaining sectors are IT & Software, Capital Goods, and Consumer Durables.
Indian stock markets may open positive today
Good morning and welcome to the Indian stock market live updates today 2 March, at 7.55 am IST
Asian markets are mostly trading in the green today. Nikkei is trading lower by 0.12% whereas Hang Seng is trading higher by 0.57%. Shanghai is trading flat to positive at this moment. SGX Nifty is trading 108 points up. The SGX Nifty is indicating a positive opening for the Indian stock market today.
The US markets closed higher on Monday as last week’s advance in bond yields stalled and eased investors over rising interest rates. Some positive news from the stimulus package and vaccine front also boosted the market sentiments among investors on Monday. The US market indices Dow Jones and S&P 500 gained 1.95% and 2.38% respectively while Nasdaq closed higher by 3.01% on 1 March.
The European markets bounced back on Monday after the bond markets stabilized following a sharp sell-off last week. While data showed manufacturing activity picked up pace in major eurozone economies in February. The European market indices FTSE and CAC gained 1.62% and 1.57% respectively while DAX was up by 1.64% on Monday
Indian stock markets made a strong gain on Monday due to positive global cues and GDP growth data released post markets on Friday. Sensex and Nifty gained 1.53% and 1.60% respectively on 1 March. FIIs were the buyers and DIIs were the seller in the cash markets. FIIs bought Rs 125.15 crores while DIIs sold Rs 194.88 crores in the cash market segment on Monday.
News that may impact the Indian stock market live today, 2 March
As per the official data showed on 1 March, GST collection for February was 1.13 Lakh crores. The GST collection is 7% higher while comparing YoY basis but lower than the all-time high collection of Rs 1.20 lakh crores in January.
On Monday the Union communication minister Ravi Shankar Prasad said that on the first day of the spectrum auction, the government received winning bids worth Rs 77,146 crores as against its expectation of Rs 45000 crores.
You can visit this page again for more Indian stock market live updates today, 2 March after the markets get open.
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Happy Investing !!
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