Stock market opens with slight strength, Sensex rises 197 points, Nifty also rises

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Share Market

Stock Market Today is off to a strong start. In early trade, the Sensex is trading at 61,616.12 points, up 197.16 points. At the same time, the NSE Nifty has gained 61.05 points to reach 18,305.25 points. Bank Nifty has reached a new record high of 42,600 after the market bounced back. Out of 30 stocks included in the Sensex, 26 are seeing a boom. Whereas, only TECHM, HINDUNILVR, M&M and ITC declined. If we look at the mood of the global market, then there has been a good boom in the American market. In today’s early trade, defense stocks are seeing good growth.

Global market rebounded

The pace has also returned in the global market. The Dow Jones, Nasdaq and S&P closed with gains of more than one per cent yesterday. The Dow Jones closed at 34,098 on Tuesday with a gain of 1.18 percent or 397 points. At the same time, the S&P also managed to close at the level of 4003, up 1.36 percent or 53 points. On the other hand, looking at today’s business, Nifty auto, metal and media sectors are showing maximum speed. Nifty Midcap 100 and Smallcap 100 are also seeing a jump of 0.5 per cent.

The market was closed after climbing

On Tuesday, the decline that continued for the last three days was stopped. The BSE Sensex closed at 61,418.96 points, up 274.12 points, or 0.45 percent. The National Stock Exchange’s Nifty also closed at 18,244.20 points with a gain of 84.25 points, or 0.46 percent. Ajit Mishra, vice-president (technical research), Religare Broking, said that going forward, the local market will be guided by the US market. He said, for the month of November, sharp movements may be seen before expiry. We recommend that investors take a stock focused approach and focus on sectors which have shown strength in the recent decline.

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