The national stock market is on the path of a continued decline. On Monday the stock market also began trading in the red. The Sensex index of the Bombay Stock Exchange (BSE) was trading at the level of 77186.57 with a huge drop of 393.74 points at 9:59 am. Similarly, the National Stock Exchange (NSE) benchmark Nifty index was trading at the level of 23,400.70 with a drop of 132 points. However, in green was Nifty Bank, which was trading at the level of 50248.25 with a gain of 68.7 points.
Ingenious IT decline
According to Moneycontrol, among sectoral indices, Nifty IT fell the most, by 0.8%. Additionally, both BSE Media and Oil & Gas fell by 0.8%. However, Nifty Metal and Realty gained 1.3% each, while Nifty Consumer Durables and Nifty Financial gained 0.8% and 0.3% respectively.
Maharashtra election results will have an impact!
Experts say political and economic stability in Maharashtra is considered an important factor in deciding the direction of the market. Let us tell you that the Maharashtra Assembly elections will be held on November 20 and counting of votes will take place on November 23. Market watchers are awaiting the election results, which will be important for the markets.
update in progress…
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