Today, on the first trading day of the week i.e. Monday, the stock market closed on the red mark. The Bombay Stock Exchange's major index Sensex closed 1.40 percent down at 40145.50, down 1.33 percent after day-to-day volatility due to selling pressure in some big stocks like Reliance Industries, ICICI Bank, and Tata Steel. At the same time, the National Stock Exchange's Nifty lost 1.36 percent (162.60 points) to close at 11767.75. According to analysts, further market volatility will continue. Hence investors should be cautious. During the day, major informants from Shanghai and Tokyo were walking down.
This week, the market will decide by these factors
The move of the domestic stock market is likely to be determined by the quarterly results and global developments of the companies being introduced this week. Analysts have predicted that investors will continue to focus on the presidential election process in the US. Various derivatives contracts will expire this week, due to which the market may see turmoil.
FPIs infuse Rs 17,749 crore in October
Foreign Portfolio Investors (FPIs) have netted Rs 17,749 crore in Indian markets so far in October amid better-than-expected quarterly results of companies. Apart from this, the opening of business has increased the confidence of foreign investors towards Indian markets. According to the depository data, from October 1 to 23, FPIs invested a net Rs 15,642 crore in the shares. During this, he infused Rs 2,107 crore in the debt or bond market. Thus his net investment stood at Rs 17,749 crore. In September, FPI had net sales of Rs 3,419 crore.
The rupee fell 23 paise to close at 73.84.
On Monday, the rupee depreciated by 23 paise against the US dollar amid softening in the domestic stock market. The strength of the dollar against major currencies also had an impact on the market. The exchange rate of the rupee at the time of market closing was 73.84 (provisional) per dollar, indicating a softening of 23 paise against the rupee on Friday. On Monday, the rupee opened marginally at 73.77 in the interbank foreign exchange market. The Indian currency further softened during trading.
Such was the situation of veteran shares
Talking about the big stocks, shares of HDFC Life, Nestle India, Kotak Bank, IndusInd Bank, and SBI Life closed on the green mark today. Hero MotoCorp, Bajaj Auto, Hindalco, M&M, and JSW Steel closed at the red mark.
Sectoral index tracking
If we look at the sectoral index, then all the sectors closed on the red mark. These include banks, private banks, realty, pharma, media, IT, FMCG, auto, financial services, metal, and PSU banks.
The market was open on the decline
Today the Sensex opened at 40630.24, down 55.26 points (0.14 percent). At the same time, the Nifty started at 11,911.10, with a slight decline of 19.25 points (0.16 percent).
The market had closed on the green mark on the previous trading day
The stock market closed on the green mark on the last trading day after a day of ups and downs. The Sensex was up 127.01 points to close at 40685.50, up 0.31 percent. The Nifty closed at the level of 11930.35 with a gain of 0.28 percent (33.90 points).