The stock market closed marginally higher on Monday, the first trading day of the week, due to positive signals from global markets. For the third consecutive day, the domestic market closed up sharply. The Bombay Stock Exchange's flagship index Sensex gained 0.37 percent to close at 14,51 points at 38182.08. On the other hand, the National Stock Exchange Nifty closed up 0.54 percent at 11274.70 with a gain of 60.65 points.
This week, the market will be decided by these factors
This week, the direction of domestic stock markets will be determined by macroeconomic data, quarterly results of companies, and global trends. Analysts have expressed this opinion. Apart from this, investors will keep an eye on the latest developments related to the Kovid-19 epidemic and an increase in cases of infection. Siddharth Khemka, head of retail research, Motilal Oswal Financial Services, said, "The uncertainty is increasing due to increasing tensions between the US-China and the increase in the cases of Kovid-19. Any positive development on the vaccine front will reduce uncertainty. In such a situation, there will be ups and downs in the stock markets. Due to the quarterly results season, some stocks will see activity.
Such was the situation of veteran shares
Talking about the big stocks, today M&M, L&T, Cipla, Sun Pharma, NTPC, Tata Motors, UPL, Tech Mahindra, Doc Reddy, and JSW Steel closed on the green mark. Asian Paints, BPCL, Maruti, Bajaj Finance, Bajaj Finserv, Reliance, UltraTech Cement, Nestle India, and Grasim closed at the red mark.
Monitoring of sectoral index
If we look at the sectoral index, then all the sectors closed on the green mark today. These include pharma, IT, realty, media, PSU bank, FMCG, metal, private bank, finance service, auto, and bank.
The market was open on the green mark
Today the stock market started at the edge. The Sensex opened 167.74 points, or 0.44 percent, at 38208.31, and the Nifty opened 0.60 percent, or 67.65 points, at 11281.70.
The market was closed on a modest increase on the previous trading day
The stock market closed at a modest edge on the previous trading day. The Sensex closed at a level of 38040.57, up 15.12 points, with a slight gain of 0.04 percent. At the same time, the Nifty closed at the level of 11214.05 with a gain of 13.90 points, up 0.12 percent.