On Tuesday, November 4, the second trading day of the week, the stock market opened with a slight decline. Investors remained cautious due to mixed global cues and fluctuations in various sectors in the domestic market. In early trade, the Sensex opened with a slight fall at 83,950, while the Nifty 50 index fell 55 points to close at 25,708. The market witnessed a weak trend in the morning session with most of the indices trading in the red. Investors focused on select stocks which witnessed volatility during early trade.
stake in these areas
The Nifty Auto index recorded the maximum decline of 0.74%. The Nifty FMCG index fell by 0.26% and the Nifty IT index also fell by more than 0.25%. Bank Nifty also saw pressure and was trading down 0.17%. Analysts say that the market remains sluggish due to weak global signals and profit-booking.
Strength in pharma index
Amid the fall in the market, Nifty Pharma index opened in the green and traded with slight gains. Mild positive sentiment was seen in mid-cap stocks of the pharma sector.
rise in these shares
Some blue-chip stocks saw gains in morning trade. Bharti Airtel shares gained the most by 2.75%. Shares of Titan Company were trading with a gain of 0.93%. Reliance Industries gained 0.31%, Adani Ports gained 0.30% and Kotak Mahindra Bank gained 0.16%.
stocks worth watching today
Today, investors will keep an eye on stocks like Titan, Bharti Airtel, Reliance Industries, Adani Ports and HDFC Bank. Apart from this, quarterly results of some pharma and FMCG companies are about to come, which may boost activities in these sectors also. Experts believe that the market is currently in a period of strength. The level of 25,700 will remain a major support for Nifty, while a level above 26,000 may increase bullish expectations.
