Market will be affected by these factors this week
This week’s quarterly results of Infosys, Wipro and HCL Technologies, macroeconomic data and global trend will decide the direction of the stock markets. Stock markets will remain closed on Friday on ‘Dussehra’. Industrial production (IIP) and inflation data will come on Tuesday. Inflation data based on Wholesale Price Index will come on Thursday. Apart from this, according to analysts, the market will also get direction from the trend of foreign institutional investors, Brent crude oil prices and rupee volatility.
Such was the condition of giant stocks
Talking about the big stocks, after the day’s trading, the shares of Tata Motors, Coal India, Maruti, Power Grid and Grasim closed on the green mark. On the other hand, shares of Tech Mahindra, Infosys, TCS, HCL Tech and Britannia closed on the red mark.
Keeping an eye on the sectoral index
Looking at the sectoral index, today all the sectors except IT closed on the green mark. These include finance services, FMCG, realty, pharma, media, banks, private banks, auto, metal and PSU banks.
The market was open on the red mark in the early trade
In early trade, the Sensex opened at 59958.81, down 100.25 points or 0.17 per cent. At the same time, the Nifty opened at the level of 17872 with a fall of 23.20 points (0.13 percent).
The market closed on the edge in the last session
In the previous session, the stock market closed on the edge after day’s volatility. The Sensex closed at 60,059.06 with a gain of 381.23 points (0.64 per cent). On the other hand, Nifty closed at 17,895.20 with a gain of 104.85 points (0.59 per cent).