Stock Market Update: Buying is still visible in the domestic stock market amidst mixed global signals. Both Sensex and Nifty indices have strengthened in today’s trading. Sensex is up by 250 points, while Nifty is trading beyond 18100. Today, buying is being seen in almost every major sector in business. Metal index is in red mark only on Nifty. There is good action in bank, financial, IT and pharma stocks. Auto, realty and FMCG indices are also in the green on Nifty. At present, the Sensex is up by 268 points and is trading at the level of 61,014.78. While Nifty is up 100 points at the level of 18112.
Buying is visible in heavyweight stocks. 28 stocks of Sensex 30 are in green mark. Today’s top gainers include MARUTI, ICICIBANK, RIL, M&M, HUL, INFY, BAJFINANCE, DRREDDY, TITAN. Global signals for the domestic stock market are looking mixed. Buying is being seen in major Asian markets in today’s business. At the same time, before this, weakness was seen in the US markets on Monday. Brent crude is again softening. Crude is trading at $94 per barrel. While US crude is at $87 per barrel. The 10-year bond yield in the US stands at 4.025 per cent.
Weakness is visible in Tata Steel, the metal share of Tata Group. Today the stock weakened more than 2.5 percent and came down to Rs 99. The company had released the September quarter results on Monday, which were weak. The company’s profit has declined by 90 percent on a year-on-year basis. Margins have also come down by more than 17 per cent.
There is no relief on the prices of petrol and diesel in the country today, on 1 November. Till yesterday there were reports that oil prices could be reduced by 40 paise per liter from today. But the oil companies have not made any changes. On the other hand, crude oil prices have seen a fall today. Brent crude is trading in the international market today around $ 93 per barrel.
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