Amidst a long period of slowdown, the stock market started trading in the green on Tuesday. National Stock Exchange (NSE) benchmark Nifty was trading at 24,175.55 with a gain of 34.25 points at 9.36 am. Similarly, Bombay Stock Exchange (BSE) index Sensex was trading at the level of 79,605.74 with a gain of 109.59 points. After the opening of the market, BSE Midcap and Smallcap indices are trading in the green in the initial trend. Sun Pharma, Trent, ICICI Bank, Bharti Airtel, HCL Tech are the top gainers on Nifty, while Britannia Industries, Asian Paints, Bharat Electronics, HDFC Bank and NTPC are the top losers. Earlier, trading in the stock market had started with a decline for three consecutive sessions.
Results will come from these companies
Financial results of many companies will come 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, Sula Vineyards Limited will release their second quarter results.
Everyone’s eyes will be on the figures
The government will release retail inflation and industrial production data on Tuesday. Investors are keeping an eye on these figures. The movement of the market today will largely depend on these figures. Also, wholesale inflation figures will come on November 14. America’s inflation report will also come on November 13, which may affect the economic policy there.
condition of world market
According to Business Standard, Asian benchmark equity indices rose marginally on Tuesday. This happened due to the American stock market being on the rise 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, a result of disappointment over Chinese stimulus measures. A mixed trend was seen in the American stock market last night. The Dow Jones Industrial Average rose 0.7 percent.
