Sensex is seeing a decline of more than 600 points today i.e. Monday (November 4). 79,100 is being traded. The Nifty also fell 180 points to below the 24,120 level.
Nifty Media has fallen the most by 1.60%. Oil & Gas and Consumer Durables Index also declined by more than 1%. At the same time, Bank, Auto, IT, Metal and Realty indices are witnessing decline of more than half a percent.
Foreign and domestic investors sold shares
- In Asian markets, Japan's Nikkei closed higher today, Korea's Kospi rose 1.50% to 2,580, while China's Shanghai Composite rose 0.50% to 3,289.
- On November 1, the US Dow Jones Industrial Average closed up 0.69% at 42,052 and the S&P 500 index closed up 0.41% at 5,728. At the same time the Nasdaq rose 0.80% to 18,239.
- According to NSE data, foreign investors (FIIs) sold shares worth ₹211.93 crore on November 1. Domestic investors (DIIs) also sold shares worth ₹1377.33 crore during this period.
Market may fall to 23,500 level
According to experts Nifty is consolidating in the range of 24,000-24,500. Ajit Mishra, SVP, Research, Religare Broking said – If Nifty crosses 24,500, it can go towards 24,800 level. If it breaks below 24,000, the index may see 23,500 level. Harshubh Shah, founder of Wealth View Analytics, has also predicted a correction in the market. He has advised investors to avoid buying.
The Sensex rose 335 points in late trading
On the occasion of Diwali, on November 1, the stock market traded for one hour. The Sensex rose 335 points to close at 79,724. At the same time the Nifty jumped 99 points to close at 24,304.
Out of all 30 stocks in the Sensex after trading, 26 were up, while 4 were down. At the same time, 42 out of 50 Nifty stocks rose and only 8 stocks rose.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
