Stock market waiting for ‘Good News’ from America, a slight increase in Sensex-Nifty; Investor vigilant

Share Market Updates: Today, the stock market opened on the green mark on the first trading day of the week, but its move was sluggish. During this time, investors, waiting for the result of the American Fed Reserve, took a cautious stand. However, investors also increased to some extent with better inflation figures in India and the hope of cutting interest rates by the US Fed Reserve. At 9:30 in the morning, the Sensex was seen trading at 81,909 by climbing 4.5 points, while the Nifty was 4.15 points to 25,118. This edge was very low, but overall the atmosphere was stable.

These include top gainers and losquers

Despite the stability in the main index, small companies performed better. The Nifty Midcap 100 index took a lead of 0.26 percent and Nifty Smallcap 100. This shows that investors are more interested in companies of media and small range. The Nifty 50 included Jazz Finance, Tata Motors, Hero MotoCorp and Bajaj Finserv.

At the same time, shares of companies like Infosys, TCS, Sun Pharma, Dr. Reddy’s and Shriram Finance declined, which pulled down the Sensex. In the sectors, the Nifty Realty performed the best, which climbed up to 1.19 percent. Other sectors included Nifty PSU bank (0.39 percent above) and Nifty Auto (0.38 percent above). At the same time, the performance of Nifty Pharma was the worst, with a decline of up to 0.78 percent.

How much inflation was there in August?

In the month of August, inflation in the country has come down to 2.07 percent, which is much lower than the 3.1 percent estimate of the Reserve Bank of India (RBI). This decline is a good news for the country’s economy and this can reduce the interest rates in the future, which can support the market.

Global markets

This week remained strong for the global market. In the US stock market, Nasdaq took 2 percent, S&P 500 gained 1.6 percent and Dow Jones Industrial Index took a 1 percent lead. At the same time, most of the Asian markets also opened with an edge. The US market is now waiting for a cut of 25 basis points in interest rates on 17 September, which is expected to up to 96.4 percent. This can lead to further boils.

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