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Stock Market News: The stock market did not get off to a good start on the first trading day of the week. BSE Sensex opened marginally higher at 66063.72 points. At the same time, the National Stock Exchange’s Nifty opened at 19,844.65 points. But after some time the stock market fell. Let us tell you that the stock market was closed on Monday.
Share prices of companies like Tata Motors, Tata Steel, Titan, TCS have seen an increase today. At the same time, shares of HCL Tech, Reliance, ICICI Bank saw declines during early trading.
Tata Technologies’ listing at Rs. Will be close to 1000, today is a big day
What is the expert opinion?
“Global flows are relatively low,” said Santosh Meena, head of research at Swastik Investsmart Ltd. “Market participants will closely monitor movements in crude oil prices, US bond yields and the dollar index.” On the domestic macroeconomic front, GDP data for the July-September quarter will be released on Thursday. Purchasing Managers Index (PMI) data for the manufacturing sector will be released on Friday.
Automobile companies will be in the headlines amid the announcement of monthly sales figures. “US GDP (gross domestic product) data, crude oil inventories, US PMI data and Eurozone core CPI (consumer price index) data will determine market direction,” said Arvinder Singh Nanda, senior vice-president at Master Capital Services Ltd. Last week, the BSE benchmark gained 175.31 points or 0.26 percent and the Nifty gained 62.9 points or 0.31 percent.