Sensex Today | Stock Market LIVE Updates: The Nifty index is trading with gains of over 100 points. The index has been volatile in the early hours of the day’s trade. The Sensex is trading below the 81,000 mark.
Sensex Today | Stock Market LIVE Updates: The Indian markets seem to be breaking the patterns, as the indices are trading in green. The Nifty index is trading with gains of close to 100 points, hovering around 24,670. The Sensex index has also surged, trading with gains of 300 points.
The surge in the markets is led by metal and auto stocks, that have been surging
When it comes to the post-result stock reaction, it is a mixed bag, as the shares of Federal bank slumped.
This progress in today’s trade comes at a time when the markets are keenly looking at the RBI for its monetary policy decision of the Reserve Bank of India, which will be announced on Wednesday, August 6, as a lot has changed on the ground from the previous central bank policy.
Growth concerns have also re-emerged after weaker-than-expected jobs data on Friday from the US, triggering a sell-off on Wall Street and other asset classes, barring gold.
While there are no Nifty stock reports today, broader market names like Aurobindo Pharma, DLF, and Godfrey Phillips will be coming out with numbers. Also watch for PNB Housing after Friday’s fall, with the stock entering the F&O ban.
Watch this space for all the live updates.