stock market
The stock market is open in red on the day of Diwali. BSE opened 136.22 points down at 79,805.96 points. At the same time, NSE Nifty is trading at 24,307.00 points with a fall of 33.85 points. Let us tell you that today there may be fluctuations in the market due to monthly expiry. So trade carefully. If we talk about falling stocks, then there is decline in KOTAKBANK, TATASTEEL, M&M, NESTLEIND, ADANIPORTS, TATAMOTORS, BHARTIARTL and SBI.
Let us tell you that the stock market closed in the red on Wednesday. The market closed with losses due to selling in bank and financial stocks amid weak trend in global markets. BSE Sensex fell by 426.85 points or 0.53 percent and closed at 79,942.18 points. National Stock Exchange’s Nifty also fell by 126 points or 0.51 percent and closed at 24,340.85 points. According to market experts, softening of selling by foreign investors and some improvement in valuation of domestic stocks are positive signs for the domestic market.
VK Vijayakumar, chief investment strategist, Geojit Financial Services, said in the near future the market will be influenced by two factors, positive and negative. The positive thing is the rapid decline in FII selling and it stood at Rs 548 crore on Tuesday. This is a sign that the trend of ‘Sell in India and Buy in China’ is going to end.” He said, ”Buying by domestic institutional investors (DIIs) and retail investors will continue and selling by FIIs will be moderate. The market is expected to gain momentum in the near future. Festivals are also expected to have a positive impact on the market.
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