According to analysts, the Indian stock market's move this week will be determined by new trends, global cues and corporate earnings amid rising cases of corona virus in the country. The macro-economic data released last week indicate slow economic recovery and high inflation. In such a situation, analysts believe that the market will continue to fluctuate in the coming days and that the participants will expect the next round of relief measures to bring the growth back on track. Vinod Nair, head of research, Geojit Financial Services, said, “Markets will benefit if the government signs another stimulus package.” On the other hand, the income of the company of investors will remain monitored.
Such was the situation of veteran shares
Talking about the big stocks, today NTPC, G Ltd, Hindalco, Bajaj Auto, Hero MotoCorp, Tech Mahindra, Coal India, IOC and ONGC closed the green mark. SBI, Bharti Airtel, BPCL, Reliance, Tata Motors, Grasim, Sun Pharma, ICICI Bank, Cipla and HDFC Bank closed the red mark.
Monitoring of sectoral index
If we look at the sectoral index, then all sectors except Pharma and PSU bank closed on the green mark. These include banks, finance services, metals, private banks, IT, auto, media, realty and FMCG.
Market was open on green mark
Today the stock market started on the green mark. The Sensex opened 189.17 points, or 0.50 percent higher, at the level of 38066.51 and the Nifty opened 0.52 percent or 57.65 points at 11236.05.
The market had closed on a heavy decline on the previous trading day
The stock market closed on a heavy decline on the previous trading day. The Sensex was down 433.15 points to close at 37877.34, down 1.13 percent. The Nifty closed down 1.08 percent at 11178.40, down 122.05 points.