The stock market began trading in the green on Tuesday amid a prolonged slowdown. The National Stock Exchange (NSE) benchmark index Nifty was trading at 24,175.55 with a gain of 34.25 points at 9.36 am. Similarly, the Bombay Stock Exchange (BSE) Sensex index was trading at the level of 79,605.74 with a gain of 109.59 points. After the market open, BSE Midcap and Smallcap indices are trading in green in the initial trend. Sun Pharma, Trent, ICICI Bank, Bharti Airtel, HCL Tech are the top Nifty gainers, while Britannia Industries, Asian Paints, Bharat Electronics, HDFC Bank and NTPC are the top losers. Previously, trading in the stock market had started with a decline for three consecutive sessions.
The results will come from these companies.
The financial results of many companies will be known today. These include 3M India Limited, Bombay Dyeing and Manufacturing Company Limited, Bosch Limited, CESC Limited, Hyundai Motor India Limited, FSN E-Commerce Ventures Limited (Nyaka), Religare Enterprises Limited and Sula Vineyards Limited will release their second quarter results.
Everyone’s eyes will be on the numbers.
The government will release retail inflation and industrial production data on Tuesday. Investors are paying attention to these figures. The movement of the market today will largely depend on these figures. In addition, wholesale inflation figures will be known on November 14. The US inflation report will also be released on November 13, which may affect the country’s economic policy.
world market condition
According to Business Standard, Asian benchmark stock indices rose marginally on Tuesday. This happened as the US stock market rose for the fifth consecutive session. The rise in Asian markets was led by Japan, while stocks in Australia and South Korea were slightly weaker. Hong Kong futures indicated a decline, as a result of disappointment over Chinese stimulus measures. A mixed trend was seen in the US stock market last night. The Dow Jones Industrial Average rose 0.7 percent.
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