Stock market today: Indian stock markets got off to a good start on November 3 amid mixed global market signals. As soon as the market opened, investors’ faces lit up. Bombay Stock Exchange’s benchmark Sensex opened up 445.10 points, or 0.59 percent, at 76,137.88. While the Nifty of the National Stock Exchange opened 104.45 points or 0.45 percent higher at 23,545.25. The buying sped up within minutes of the market opening. Sensex crossed the 500-point mark in no time. With the same momentum, Nifty also crossed the important level of 23,550.
Action was seen in these shares
In early trading, the market trend appeared entirely in favor of buyers. If we look at the data, about 1601 shares have registered an increase. There were 753 shares which saw decline. Apart from this, there was no change in the price of 166 shares. The initial surge saw IndiGo (InterGlobe Aviation) share up to two per cent in Infosys.
List of losers along with top gainers of Nifty
Stocks of many major companies on Nifty today have given good profits to investors. Among the top gainers were Interglobe Aviation, Shriram Finance, HDFC Bank, Bajaj Finance and Asian Paints. On the other hand, even in this booming market, the shares of some big companies fell into the red mark. Among the big losers were NTPC, Cipla, Reliance Industries, Coal India and JSW Steel.
Global tensions have affected crude oil prices
After fluctuating international crude oil prices, there is some stability now. After a steep decline of seven percent in the last trading session, Brent crude was seen trading steady around $105 per barrel. In fact, Qatar’s mediation talks with Iran have given new hope. The talks are likely to end the ongoing US-Israeli war with Iran. However, the tension has not completely subsided. News of the US attack on Iran’s Qasem Island still kept geopolitical tensions high.
Foreign investors invested a lot
Foreign Portfolio Investors (FPIs) played a major role in the management of the Indian market. Foreign investors became net buyers of Indian stocks on Monday, according to NSE provisional data. He invested a whopping Rs 31,150 crore in the market in a single day. In contrast, domestic institutional investors (DIIs) adopted a profit-booking stance. During this period domestic investors invested Rs. 3,920 crore worth of shares were sold. This clearly shows that the confidence of foreign investors in the Indian market is strong.
