The domestic stock market is on the path of continuous decline. On Monday also the stock market started trading in the red. Bombay Stock Exchange (BSE) index Sensex was trading at the level of 77186.57 with a huge fall of 393.74 points at 9.59 am. Similarly, the benchmark Nifty of the National Stock Exchange (NSE) was trading at the level of 23,400.70 with a decline of 132 points. However, Nifty Bank was seen in green, which was trading at the level of 50248.25 with a gain of 68.7 points.
Nifty IT decline
According to Moneycontrol, among sectoral indices, Nifty IT fell the most by 0.8%. Apart from this, 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 that political and economic stability in Maharashtra is being seen as a major factor in deciding the direction of the market. Let us tell you, Maharashtra Assembly elections are on 20th November and counting of votes is to take place on 23rd November. Market observers are waiting for the election results which will prove important for the markets.
update in progress…
