Share Market Update: Domestic equity benchmark indices Sensex and Nifty closed with minor gains Friday, after a range-bound trade that continued since the opening bell.
After snapping two days losing streak, Sensex ended marginally higher in today’s volatile session, up by 86 points at, with 11 out of 30 components that traded on the positive, while the broader Nifty closed at 11,870, up by 26 points against previous close, with 20 out of 50 stocks trading in the green.
Sector wise, Nifty indices like Financial Services, Bank, IT, Service sector and Pvt Bank were the top gaining sectors, while worst fall was seen in Pharma, Realty and Auto.
The equity market indices opened lower on back of weak global cues and continued to trade negative with profit booking across sectors and stocks after logging worst single-day loss in 2019 yesterday. On Thursday, both benchmark indices posted their biggest one-day drop this year after the RBI delivered a rate cut on expected lines but failed to allay investor concerns regarding the non-banking financial company (NBFC) sector.
Here’s a look at live updates for the Indian share market today:
3: 45 pm
After snapping two days losing streak, Sensex closed 86 points up whereas Nifty closed 26 points in the green.
3 : 22 pm
US stocks gained over half a percent or 0.7% amid the trade tensions and mixed economic data, backed up on hopes of an interest rate cut from the Federal Reserve. Earlier in the day, Trump said he would decide on whether to levy more tariffs on China “probably right after the G20,” which is being held on June 28-29. That came after his overnight threat to put tariffs on “at least” another $300 billion worth of Chinese goods.
Forecasts are for U.S. jobs to rise in May, though doubts have grown after poor numbers on private hiring released earlier in the week. The closely watched monthly U.S. jobs report is to be released today.
European shares echoed an upbeat day in Asia, where indexes in Japan, Australia and South Korea all gained. Chinese and Hong Kong markets were closed for a public holiday. UK’s PM Theresa May is to resign today.