Tuesday, November 12, 2024
0

Become a member

Get the best offers and updates relating to Liberty Case News.

HomeBlogStock market today: BSE Sensex up over 250 points; Nifty50 near 25,100...

Stock market today: BSE Sensex up over 250 points; Nifty50 near 25,100 – Times of India

Stock market today: BSE Sensex up over 250 points; Nifty50 near 25,100
In the coming days, several significant data releases and events may impact market direction. (AI image)

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Monday. While BSE Sensex was near the 82,000 level, Nifty50 was close to 25,000. At 9:20 AM, BSE Sensex was trading at 81,968.13, up 280 points or 0.34%. Nifty50 was at 25,099.75, up 85 points or 0.34%.
Last week, after three straight weeks of gains, domestic markets experienced a sharp decline of 4.5%, primarily due to negative global sentiment.Escalating tensions in the Middle East drove the bearish outlook, causing crude prices to rise amid concerns over potential supply disruptions.
In the coming days, several significant data releases and events may impact market direction. Investors will be closely monitoring the geopolitical situation and its effect on crude prices.
“A decisive move below 25,000-24,950 levels could open the next downside of 24500 in the near term. Immediate resistance to be watched around 25,300,” said Nagaraj Shetti of HDFC Securities.
US stocks closed higher on Friday, with the Dow reaching a record high and the Nasdaq gaining over 1%, as a stronger-than-expected jobs report reassured investors who had been concerned about a weakening economy.
Asian stocks rose following the robust US jobs data, which highlighted the strength of the world’s largest economy and boosted optimism about a soft landing.
Oil prices pared gains in early Monday trading after recording their biggest weekly rise in over a year on Friday, as the threat of a region-wide war in the Middle East intensified.
The Japanese yen fell to its lowest level in nearly two months, while other major currencies also struggled with losses early on Monday as the dollar continued its rally, fueled by strong US jobs data and escalating tensions in the Middle East.
Several stocks are in the F&O ban period today, including BirlaSoft, Bandhan Bank, Hindustan Copper, RBL Bank, Granules, and Manappuram.
Foreign portfolio investors turned net sellers, offloading Rs 9,896 crore on Friday, while domestic institutional investors bought shares worth Rs 8,905 crore.
FII data showed that the net long position of foreign institutional investors reduced from Rs 1.62 lakh crore on Thursday to Rs 82,987 crore on Friday.

Source

#Stock #market #today #BSE #Sensex #points #Nifty50 #Times #India