The Nifty 50 rose 1.08 percent to 22,409.15 while the BSE Sensex gained 1 percent to 73,860.7 respectively, as of 10:22 AM, after initial rise of 1.9 percent in the morning.
Foreign institutional investors saw record net outflows of Rs 1.14 lakh crore in October. Yet domestic investors pumped in nearly that amount, preventing a further fall in the stock market.
Among sectors at the National Stock Exchange, Bank, Auto, Financial Services, Media, Metal, Pharma, Healthcare, Consumer Durables, and Oil and Gas opened in the green territory.
Adani Group companies experienced a decline of up to 4 percent Monday, with Adani Wilmar being the biggest loser, dropping by 4.1 percent to close at Rs 369.35.
Factors influencing the bearish trend in Indian markets include appreciation of Japanese Yen against US dollar, fears of a possible recession in US and rising geopolitical tensions.
Among the sectoral stocks Bank, Auto, Financial Services, IT, Pharma, Private Bank, Realty, and Healthcare traded in red during the initial hours of the trade.
The NSE Nifty 50 index fell by 30 points, to 24,300, while the BSE Sensex dropped 150 points to 79,841. Except Nifty 50, all other indices start trading with gain.
MoSPI proposes to remove closed factories from IIP sample, aiming for truer picture of India’s industrial health in upcoming 2022–23 base series. Plan open to public feedback until 25 November.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
COMMENTS