stock market today, BSE Sensex On Monday, the Indian equity benchmark index Nifty 50 opened in the green. While the BSE Sensex was above 79,000 points, nifty 50 At 9:16 am, the BSE Sensex was trading 39 points or 0.049% higher at 79,071.24. The Nifty 50 was at 24,034.65, up 24 points or 0.10%.
Last week, the stock markets continued to rise for the third consecutive week and the Nifty hit new highs. However, the index faced some pressure at higher levels due to profit booking.
Siddhartha Khemka, Head of Retail Research, Motilal Oswal, said, “We expect this positive momentum to continue at a steady pace with stock-specific activity. However, the market will remain slightly volatile this week due to the release of economic data. Sectors like auto are expected to be in the spotlight as OEMs will release their monthly auto sales numbers.”
According to Nagaraj Shetti of HDFC Securities, Nifty is currently facing resistance at 24000-24100 levels, and any dip from here could be a buying opportunity, with immediate support found at 23800 levels.
US stocks fell after an early rally on Friday, as investors analyzed inflation data and assessed political uncertainty following the US presidential debate. Nike experienced its biggest one-day drop in more than two decades after issuing a disappointing forecast.
Asian stock markets were subdued on Monday as traders pondered U.S. interest rates, while the euro rose after the first round of France's snap election saw a far-right party win fewer votes than some polls had predicted.
India Cements and Indus Towers are under the restriction period under the F&O segment as they have crossed 95% of the market-wide position limit.
Foreign portfolio investors were net sellers of Rs 23 crore on Friday, while DIIs bought shares worth Rs 6,658 crore. The rupee closed 11 paise higher at 83.34 against the US dollar on Friday amid recent inflows of foreign funds. FIIs' net longs rose to Rs 3.46 lakh crore on Friday from Rs 3.19 lakh crore on Thursday.
Last week, the stock markets continued to rise for the third consecutive week and the Nifty hit new highs. However, the index faced some pressure at higher levels due to profit booking.
Siddhartha Khemka, Head of Retail Research, Motilal Oswal, said, “We expect this positive momentum to continue at a steady pace with stock-specific activity. However, the market will remain slightly volatile this week due to the release of economic data. Sectors like auto are expected to be in the spotlight as OEMs will release their monthly auto sales numbers.”
According to Nagaraj Shetti of HDFC Securities, Nifty is currently facing resistance at 24000-24100 levels, and any dip from here could be a buying opportunity, with immediate support found at 23800 levels.
US stocks fell after an early rally on Friday, as investors analyzed inflation data and assessed political uncertainty following the US presidential debate. Nike experienced its biggest one-day drop in more than two decades after issuing a disappointing forecast.
Asian stock markets were subdued on Monday as traders pondered U.S. interest rates, while the euro rose after the first round of France's snap election saw a far-right party win fewer votes than some polls had predicted.
India Cements and Indus Towers are under the restriction period under the F&O segment as they have crossed 95% of the market-wide position limit.
Foreign portfolio investors were net sellers of Rs 23 crore on Friday, while DIIs bought shares worth Rs 6,658 crore. The rupee closed 11 paise higher at 83.34 against the US dollar on Friday amid recent inflows of foreign funds. FIIs' net longs rose to Rs 3.46 lakh crore on Friday from Rs 3.19 lakh crore on Thursday.
