Stock market live today: Sensex, Nifty trading 1% higher, Auto, Banks, Infra are gainers

 

Stock market Live Today 28th Sept at 10 am IST: Indian markets opened in positive notes as indicated by the global cues in the morning. The Sensex opened at 37756.25 levels made a gap up opening of 367.59 points while Nifty added 90.6 points and opened at 11140.85 levels. The Bank Nifty on the spot levels opened at 21152.05 levels and made a gap up opening of 169.7 points.

At 10 am IST, the Sensex and Nifty indices are trading almost 1 percent higher while Bank Nifty on spot levels is trading 1.70 percent up.

ONGC, Bajaj Finance, and Tata Motors are trading as top gainers while TCS, Infosys, and Cipla are trading as top losers. Reliance, Bajaj Finance, and TCS are the most active stocks in the NSE at this moment.

At 10 am IST, except IT & Software all sectors are trading in the positive notes. Infrastructure, Automobiles, Banking & Finance, and Metals are trading as top gaining sectors. The IT & Software sector is trading marginally lower at this moment.

 

Global cues are positive, the Indian stock market may open higher today

 

Good morning and welcome to the stock market live today 28th Sept at 8.30 am IST

Asian markets are trading in the green zone today. Nikkei and Hang Seng are trading higher at 0.72% and 0.35% while Shanghai is trading almost flat today. The SGX Nifty is also trading higher indicates a positive opening for the domestic market today.

The US markets last Friday closed higher last Friday. The Dow Jones and S&P 500 indices closed higher by 1.34% and 1.60% respectively while the tech-heavy index Nasdaq gained 2.26% on 25 September Friday.

The European markets on Friday closed mixed due to the fear of spreading coronavirus infection. CAC and DAX fell 0.69% and 1.09% respectively while the FTSE closed marginally higher by 0.34% last Friday.

The Indian markets closed in strong notes on Friday. Sensex and Nifty indices closed higher by 2.28% and 2.26% respectively. FIIs were the seller while DIIs were the buyers on the last day of the week. FIIs sold Rs 2080.21 crore while DIIs bought Rs 2070.63 crore in the cash market on 25th September.

 

News that can influence the stock market live today

 

India’s economy may experience a record contraction in the FY21 due to the coronavirus pandemic. According to the report by Global rating agency S&P, the real GDP growth is expected to recover from the next fiscal onwards.

India’s Foreign Exchange reserves up by $3.378 billion to record $545.038 billion in the 18 September end week as per the RBI data. India’s forex reserve has touched a lifetime high during the week.

You can read more stock market live updates today after the market gets open.

 

You may also like to read Weekly Global Stock Market news and its impact on Nifty & Sensex

RBI monetary policy, Auto sales likely to drive the market next week

Algo Trading Definition: Pros and Cons of Algorithmic trading

 

Happy Investing!!

Editor’s Desk