first trader of the week A good rise was recorded in the market on Monday. After a weak start, the market regained momentum in the last few hours, due to which the BSE Sensex rose 445.29 points to close at 80,248.08. In this way once again the Sensex crossed the level of 80 thousand. A good rise was also recorded in Nifty today. Nifty 50 recorded a rise of 146.15 points. Nifty closed at 24,277.25. Sensex stocks like UltraTech Cement, JSW, Adani Ports, Tech Mahindra, Mahindra, Maruti, Tata etc. registered good gains.
Let us tell you that domestic stock markets Sensex and Nifty registered a decline in early trading on Monday. Market sentiments were affected by continuous withdrawal of foreign investors. BSE Sensex fell by 493.84 points in early trade and reached 79,308.95 points. NSE Nifty slipped 122.45 points to reach 24,008.65. Disappointing economic data also had an impact on the market. According to data released on Friday, India’s economic growth rate declined to the lowest level in almost two years at 5.4 percent in the July-September quarter of the current financial year 2024-25 due to poor performance of manufacturing and mining sectors and weak consumption.
Major rising and falling stocks
Among the companies included in the Sensex group, UltraTech Cement, JSW Steel, Adani Ports, Tech Mahindra, Titan, Maruti, Mahindra & Mahindra, Tata Steel and Reliance Industries were the biggest gainers. On the other hand, shares of NTPC, Hindustan Unilever, Kotak Mahindra Bank, IndusInd Bank and Larsen & Toubro closed with losses. In this way, the domestic markets remained unaffected by the slowdown in GDP growth rate. According to government data announced after the end of the trading period on Friday, the economic growth rate in the July-September quarter stood at a two-year low of 5.4 percent. The slowdown in manufacturing, mining and consumption activities slowed the growth rate.
Foreign investors are continuously selling
In other markets of Asia, South Korea’s Kospi declined, while Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hang Seng rose. However, most of the European markets were trading with a decline. On Friday, US markets closed in positive territory. According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 4,383.55 crore on Friday while domestic institutional investors (DIIs) bought shares worth Rs 5,723.34 crore. Meanwhile, global oil standard Brent crude rose 0.85 percent to $ 72.45 per barrel. On Friday, Sensex rose 759.05 points to 79,802.79 and Nifty rose 216.95 points to close at 24,131.10.
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