Share Market Today: Nifty 50 started the day lower on Monday amid negative trends in global stock markets. Although later it rose slightly. US stock market indices closed lower on Friday. Because the fear that the US Federal Reserve may raise interest rates further is controlling the stock market at the moment.
The Nasdaq Composite ended Friday in the red. That is, a decrease of 3.08%. The Dow Jones lost 1.34% and the S&P 500 lost 2.4%. Following this downward momentum, Asian stock markets also started the day weakly on Monday.
At 11:18 a.m. today, the Nifty 50 index was trading at 17,257 levels. That is, the index increased by 71.3 points (0.41%). Broader indices underperformed the major indices. The Nifty Mid Cap 100 index is trading down 0.12% and the Nifty Small Cap 100 index has gained 0.23%.
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Brent crude rose 0.51% to $92.1 a barrel and WTI futures settled at $85.03 a barrel. Natural Gas Futures, on the other hand, declined by 2.92%.
As of October 14 data, FIIs were net sellers and DIIs were net buyers. Foreign Institutional Investors (FII) sold shares worth around Rs 1,011.23 crore and Domestic Institutional Investors (DII) bought shares worth Rs 1,624.13 crore.
On this day, the domestic stock market overcame the initial weakness and gained in intra-day trading. Major companies like HDFC Twins, TCS, HUL, Bajaj Twins, Asian Paints saw profits.
Major indices like S&P BSE Sensex gained 200 points to touch 58,162 level. Whereas the Nifty50 is also trading at 17,249 with an increase of 50 points.
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More or less gains have been seen in almost all sectors. But Nifty PSU Bank has gained the most. About 2 percent. Nifty Media, Nifty Realty and Nifty Realty indices on the other hand dragged down the market.
Shares of Bajaj Auto gained 2 per cent. Because, the net profit of the company increased by 20 percent compared to the previous year to Rs 1,530 crore.
Apart from this, Dilip Buildcon shares rose by 2 per cent. Because, the company has recently received a remittance of Rs 702.02 crore.
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