8th Jun 2020 : Nifty 50 Morning Gainers and Losers

Today (8th Jun 2020) Indian indices are trading strong with more than 1.6% gains in both Nifty and Sensex due to Friday’s strong close in the US markets after a better than expected US job report. Now Nifty 50 leads by Indusind bank with 7.6% gains in the morning trade followed by Titan, Axis Bank and Tata Motors with more than 5% gains. Bajaj Finance, IOC, ICICI Bank and SBI also trading with more than 4% gains. Only 5 stocks in the negative territory Infratel, Dr Reddy, Cipla,, Zee and Shree Cement. After a 2 months gap Sensex is about to regain 35k mark. In march due to the corona virus covid 19 spreading fear Indian markets crashed to below 30k levels following US and other major world markets. Now markets across the world recovered a lot but compared to global recovery especially in the US markets, Indian markets still way behind. So if US markets keep on holding to current levels more upside possible in the Indian markets too. But remember there is no respite to corona outbreak. Especially in India day by day cases are increasing. So be careful if you are investing for medium term.