Sensex & Nifty Live Updates May 2: Benchmark Indices Close Nearly Unchanged Despite Global Market Strength

Indian equity markets closed on a muted note today, with the Sensex inching up 0.32% to 80,501.99 and the Nifty ending nearly flat at 24,346.70. Despite a lackluster domestic session, global sentiment remained upbeat—major Asian and European indices registered gains, and US futures traded higher.

Invest in Indian markets and unlock future potential with 5paisa!

Open Account Now

Stock Market Highlights, May 2:

• Indices Wrap Mixed Day: Indian benchmarks ended on a flat note with the Nifty 50 inching up 0.05% to 24,346.70 and Sensex gaining 0.32% to close at 80,501.99. 
• Top Movers: Adani Ports (+4.16%) led the gainers, followed by Bajaj Finance and IndusInd Bank. On the downside, JSW Steel plunged 5.5%, dragging down metal stocks, with Bajaj Auto and Eicher Motors also under pressure.
• Global Cues & Commodities: Asian and European markets posted strong gains, with DAX rising 1.54%. U.S. futures traded higher. Meanwhile, gold slipped slightly, and silver held firm at ₹98/gm.

Top Gainers:

Top Losers:

Indian Market Closing Cues:

Asian Markets: 

European Market Mid-Session Update:

US Market Live Today:

*As of 15:28 IST

Gold Price Today

Gold prices today have witnessed a slight decline. 22K gold is at ₹8,755 per gram and 24K gold is at ₹9,551 per gram.

Silver Price Today

Silver prices today have remained steady in India, at ₹98 per gram. 

Sensex & Nifty: Afternoon Update:

*As of 12:26 IST

Key Factors Impacting INR Today:

• Broad Weakness in Major Currencies: The Indian Rupee is strengthening as major global currencies like the Euro (-0.81%), Pound (-0.61%), and Yen (-1.32%) are all falling against the INR, indicating overall softness in the Dollar and cross-currency pairs.
• Decline in USD/INR Pair: The USD/INR pair is down 0.87%, suggesting increased demand for the Rupee or reduced dollar strength in the domestic market, may be influenced by inflows or RBI activity.
• Softening Dollar Index: The Dollar Index has slipped 0.31% to 99.88, reflecting a broad-based decline in the greenback, which is supporting emerging market currencies like the INR.
   

Currency Market Overview:

*As of 12:30 IST

Stock Market Outlook for Today:

• Positive Global Sentiment: Strong gains in U.S. markets, especially the Nasdaq (+1.52%), and a rally in Asian indices like Nikkei (+0.88%) and Hang Seng (+1.69%) may support a positive opening for Indian equities.
• Gift Nifty Signals Firm Start: Gift Nifty is trading 1.28% higher at 24,678, indicating a gap-up opening for Nifty amid improved risk sentiment.
• Options Data Suggests Support Near 24,200: Nifty Max Pain at 24,200 and a relatively high PCR of 1.11 indicate a potential bullish undertone, with traders expecting limited downside in the near term.

Indian Stock Market Recap: April 30

Indian stock markets closed lower in the last session, as both benchmark indices ended in the red. The Nifty fell by 0.01% to finish at 24,334.20, while the Sensex declined 0.06% to close at 80,242.24.

Indian Market Cues:

Global Market Cues (US Indices):

Asian Markets: 

Crude Oil Prices:

Bond Yields:

FII/DII Activity:

Foreign Institutional Investors (FIIs) Net Buy/Sell : 50.6
Domestic Institutional Investors (DIIs) Net Buy/Sell : 1792.2

*As of 09:41 IST
 
This content is for informational purposes only and not investment advice. Please do your own research before making any financial decisions.