Stock Market Update: The Indian stock market closed in the red mark for the third consecutive session on 11 October due to weak global cues. NSE’s Nifty 50 index fell over 250 points or 1.5 per cent to close at 16,983. The BSE Sensex closed down 843 points or 1.46 per cent at 57,147, while the Nifty Bank index fell 380 points to close at 38,712.
Condition of foreign markets
Dow Jones gained 0.1 percent or 36 points.
The S&P 500 lost 0.63 percent.
The Nasdaq Composite fell 1.1 percent.
Germany’s stock market DAX also fell by 0.46 percent.
According to the NSE website, on October 11, Foreign Institutional Investors (FIIs) sold Indian shares worth Rs 4,612 crore while Domestic Institutional Investors (DIIs) bought shares worth Rs 2,430 crore.
Asian stock market
Singapore’s SGX Nifty is trading in the green at 8 am today. It has made an increase of 18 points or 0.11 percent.
Japan’s Nikkei 225 index fell 0.12 per cent.
Taiwan’s stock market fell 0.59 percent.
China’s Shanghai Stock Exchange declined 0.83 percent.
South Korea’s Kospi index slipped 0.31 percent.
The opening of the Singapore Stock Exchange in the green is a good sign for the Indian stock market.
According to Moneycontrol, the support level of Nifty has been kept from 16,869 to 16,754 and the resistance level is from 17,180-17,377.
During trading today, you can keep an eye on these stocks which have been made in the news-
REC (Navratna Company), Axis Bank, IndusInd Bank, L&T Finance Holding, Asian Paints, Infosys, Bata, Genesis International Corporation.
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