Mumbai15 minutes ago
- copy link
There is a fall of more than 600 points in Sensex today i.e. on Monday (4 November). It is trading at 79,100. Nifty has also fallen by 180 points and has come below the level of 24,120.
Nifty Media has fallen the most by 1.60%. There is also a decline of more than 1% in Oil & Gas and Consumer Durable Index. At the same time, there is a decline of more than half a percent in bank, auto, IT, metal and realty indices.
Foreign and domestic investors sold shares
- In the Asian market, Japan’s Nikkei is closed today, Korea’s Kospi is up 1.50% at 2,580, while China’s Shanghai Composite is up 0.50% at 3,289.
- On November 1, the US Dow Jones Industrial Average rose 0.69% to 42,052 and the S&P 500 index closed 0.41% to 5,728. At the same time, Nasdaq rose 0.80% to 18,239.
- According to NSE data, foreign investors (FIIs) sold shares worth ₹211.93 crore on November 1. During this period, domestic investors (DIIs) also sold shares worth ₹ 1377.33 crore.
Market may fall to 23,500 level
According to experts, Nifty is consolidating within the 24,000-24,500 range. Ajit Mishra, SVP, Research, Religare Broking said – If Nifty crosses 24,500, it can go up to the level of 24,800.
Whereas if it goes below 24,000, the index may see a level of 23,500. Harshubh Shah, founder of Wealth View Analytics, has also predicted a correction in the market. He has advised investors to avoid buying.
Sensex rose 335 points in Muhurta trading
On the occasion of Diwali, one hour Muhurta trading took place in the stock market on 1 November. Sensex closed at 79,724 with a gain of 335 points. At the same time, there was a jump of 99 points in Nifty and it closed at 24,304.
After trading, out of all 30 Sensex stocks, 26 were up, while 4 were down. At the same time, 42 out of 50 Nifty stocks saw a rise and only 8 saw a rise.
Also read this business related news…
There may be a big fall in the stock market: FIIs sold shares worth ₹ 1.2 lakh crore, 5 factors will decide the movement of the market.
There may be a decline in the stock market in the week starting from 4th November. This week, investors will keep an eye on companies’ quarterly results, global and domestic economic data and other factors.
According to market expert Harshubh Shah, there may be a market crash in the coming days, hence one should avoid buying now. Shah had advised investors to stay away from the market even on the day of Muhurat trading. Read the full news here…
