Market live 9 Nov: Markets are trading higher, Sensex and Nifty touched all-time high

 

Indian Stock Market Live Today 6 Nov at 9.40 am IST: Indian stock market opened gap up today as expected. The Nifty opened at 12399.40 levels, up 135.85 points while Sensex made a gap up opening of 380.91 points at 42273.97 levels. The Bank Nifty on the spot levels opened at 27088.95 levels, up by 290 points from the previous close.

At 9.40 am Sensex and Nifty index are trading higher by 1.33% and 1.30% respectively while Bank Nifty on the spot levels is trading 1.88% up.

Divis Lab, ICICI Bank, and BPCL are trading as the top gainers in the Nifty index whereas Coal India, Adani Ports, and Cipla are trading as the top loser in the Nifty index at this moment. Reliance, Divis Lab, and ICICI Bank are the most active stocks in the NSE

All major sectors are trading in the green zone today. IT& Software, Banking & Finance, and FMCG sectors are trading as a top gaining sector.

 

Indian Stock Market will open in a gap up today

 

Good morning and welcome to the stock market live updates today, 9 Nov 2020, at 8 am IST

Asian markets are trading on a strong note today. Nikkei and Hang Seng are trading higher by 1.93% and 1.20% respectively while Shanghai is trading 1.05% up. The SGX Nifty is also trading higher by 153 points or 1.25%. Indian markets will open in a gap up today as per the indication getting from other Asian markets.

The US markets closed almost flat on Friday just ahead of the election result clarity. On Monday market will react to the victory of Joe Biden as president of America. Last Friday the US market indices Dow and S&P 500 closed lower by 0.24% and 0.03% while Nasdaq closed flat to positive just 4.30 points higher on 6 November.

The European markets closed marginally lower on Friday after a sharp rally during the week. Investors were worried about the resurgence of fresh coronavirus cases and uncertainty around the US presidential election. The European equity indices CAC and DAX closed lower by 0.46% and 0.70% while FTSE closed marginally higher by 0.07% on 6 November.

The Indian stock market on Friday closed higher. The Nifty and Sensex gained 1.18% and 1.34% respectively. FIIs were the buyers whereas the DIIs were the seller in the cash market segment. FIIs bought Rs 4869.87 crore whereas DIIs sold Rs 2938.66 crores in the cash market segment on Friday.

 

 

News that can influence the stock market live today

 

According to RBI’s weekly statistical report, the Indian foreign exchange reserve rose by $183 million during the week ended 30 October. The Foreign Exchange reserve increased from $560.532 billion to $560.715 billion.

As per the official data released on 7 November China’s exports grew at the fastest pace in 19 months in October, imports also rose. In the month of October, Exports rose by 11.4% from a year earlier. The surge in exports pushed the trade surplus for October up to $58.44 billion as compared to a $37 billion surplus in September.

Today’s result- IndiaMART, Oil India, Delta Corp, Equitas Small Finance Bank, ADF Foods, PC Jeweller, PTC India, PSP Projects, SREI, JK Cement, Parag Milk Foods, etc.

You can visit again for more stock market live updates today after the markets get open.

 

You may also like to read, US Election 2020- Impact on Indian Stock Markets

                                          Nifty & Bank Nifty futures prediction for next week 9-13 Nov

 

Happy Investing !!

Editor’s Desk