Stock markets start the day on an upward trend: Nifty at 15,116, Sensex advances by 200 points

Market Round-up: 8th September

Japanese markets led the way in Asia, rising in the early trading hours, as the Nifty 50 in India saw several top gainers. Tata Motors, Wipro, and Tata Steel were among the top performers, while Kotak Mahindra Bank, Nestle India, and HDFC Life Insurance were key laggards.

The Asian Paints company also saw a dip in performance, mirroring the trend observed in the US stock market, which fell on Friday due to a weaker-than-expected jobs report that raised concerns about the economy slowing down.

The US-India trade relations remain tense, with President Trump imposing increased tariffs up to 50% on Indian goods as retaliation for India’s purchase of Russian oil. While Trump's recent statements suggest an improvement, concerns about potential trade restrictions and sanctions persist.

In domestic news, Prime Minister Shigeru Ishiba stepped down in Japan.

Indian equity indices opened higher on September 8, with the NSE Nifty 50 opening at 24,809 and the BSE Sensex at 80,945. Small and midcap stocks also opened higher, with the Nifty Midcap rising 0.37% to 57,284.

VK Vijayakumar, Chief Investment Strategist at Geojit Investments, believes that the market's morale was initially boosted by the GST reforms, but the euphoria was short-lived.

This week, several companies such as SAIL, Cochin Shipyard, Titagarh Rail, Everest, Kajaria Ceramics, and others will trade ex-dividend.

Key factors to watch out for in today's trading session remain unspecified. Mahindra & Mahindra emerged as a top gainer in the Nifty 50, providing a glimmer of optimism amidst the market's ongoing volatility.

Stock markets start the day on an upward trend: Nifty at 15,116, Sensex advances by 200 points