The positive sentiment of global markets and the inflow of foreign funds have strengthened the stock market sentiment on Monday, the first trading day of the week. The Bombay Stock Exchange's flagship index Sensex gained 0.44 percent to close at the level of 44077.15, up 194.90 points. At the same time, the National Stock Exchange's Nifty gained 0.52 percent (67.40 points) to close at 12926.45 level. The index has recovered the entire loss in the year 2020. It closed at 41,306.02 on January 1, 2020. However, according to analysts, further market volatility will continue. Hence investors should be cautious.
FPIs put in Rs 49,553 crore in November
Foreign Portfolio Investors (FPIs) have infused Rs 49,553 crore into Indian markets so far this month. Global indicators have improved after high liquidity conditions and confusion over US presidential elections, leading to increased FPI investment in Indian markets. FPIs have invested a net of Rs 44,378 crore in shares and Rs 5,175 crore in the debt or bond market during November 3–20.
The market will be affected by these factors this week
The stock market move this week will depend on the growing cases of coronavirus and settlement of derivatives contracts. Due to this, the stock markets will remain volatile this week. Experts said that apart from news related to the Kovid-19 vaccine, discussion of incentive measures in the US and the global trend will determine the direction of the market.
Such was the situation of veteran shares
Talking about the big stocks, today the shares of IndusInd Bank, ONGC, GAIL, Dr. Reddy, and Infosys closed on the green mark. On the other hand, Axis Bank, HDFC, ICICI Bank, SBI Life, and Titan's shares closed on the red mark.
Sectoral index tracking
If we look at the sectoral index, today all the sectors, except PSU bank, bank, private bank, and finance services closed on the green mark. These include pharma, media, FMCG, IT, realty, metal, and auto.
The market was open on the green mark
Today the stock market was open on the green mark. The Sensex opened up 350.09 points (0.80 percent) at the level of 44232.34. At the same time, the Nifty started with a gain of 95 points (0.74 percent) at 12954.
The market had gained momentum on the previous trading day
The stock market had closed higher on the previous trading day on positive global cues. The Sensex was up 282.29 points at 43882.25, up 0.65 percent. At the same time, the Nifty closed at 12859.05 with a gain of 0.68 percent (87.35 points).