Stock Market Opening On 4th November 2022: In the last trading session of the week, flat trading has started in the Indian stock market. Due to mixed global cues, the Sensex of the Mumbai Stock Exchange opened with a gain of 102 points at 60,936. So the Nifty of the National Stock Exchange opened at 18,090 points with a gain of 37 points.
Talking about the sectors, the shares of Nifty Bank, Nifty Auto, Metals, Real Estate Media, Energy Sector are seeing a rise. On the other hand, there is a sell-off in the shares of IT, Pharma, FMCG sector. Out of 30 shares of Sensex, 19 shares are trading with a gain, while out of 50 shares of Nifty, 33 shares are trading with a gain and 17 shares are trading with red mark.
If we look at the stocks which are rising, then Bajaj Finserv 2.65 percent, Bajaj Finance 1.05 percent, Mahindra & Mahindra 0.87 percent, Tata Steel 0.78 percent, SBI 0.70 percent, Larsen 0.55 percent, Maruti Suzuki 0.53 percent, IndusInd Bank 0.49 percent, ICICI Bank Is trading with a gain of 0.44 percent.
If we look at the falling stocks, then Infosys 1.13 percent, TCS 0.97 percent, Dr Reddy 0.88 percent, Tech Mahindra 0.83 percent, HCL Tech 0.78 percent, Sun Pharma 0.43 percent, HUL 0.35 percent, Asian Paints 0.33 percent, Bharti Airtel 0.23 percent, Wipro It is trading with a decline of 0.22 percent.
Market experts believe that banking stocks may remain bullish. According to Dr. Ravi Singh, Vice President, Head of Research, Share India, Bank Nifty can trade between 40800 to 41400 after opening between the range of 41150 to 41250 in today’s trading session. He has given buy advice for the target of 41500 with a stop loss of 41200.
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