The domestic stock market witnessed a rise on the first trading day of the week i.e. Monday. In the initial session around 9.19 am, the main index BSE Sensex was seen trading at the level of 86,022.80 with a gain of 316.13 points. At the same time, NSE Nifty was also seen trading at the level of 26,294.85 with a gain of 91.90 points. Due to investor interest, some major stocks have seen a rise, which is making the market even more encouraging. Following the big trend, Nifty Bank also opened with a gain of 0.58% at 60,102.10.
Movement in these major stocks
Some major stocks performed well in Nifty in the early session today. Shares of big companies like SBI, Trent, Shriram Finance, Tata Steel and Reliance Industries saw strong gains, which strengthened the Nifty. On the other hand, stocks like Tech Mahindra, Tata Consumer, Titan Company and Bajaj Finance declined and emerged as losers. These market fluctuations made investors cautious, but some stocks maintained enthusiasm.
Performance of BSE listed companies in early trading.
Stocks to keep an eye on
Today, stock specific movement may be seen amidst mixed effect of domestic signals. Auto sales figures for the month of November will prove to be an important indicator for the companies in the auto and its ancillary sector. Investors will see how the demand trends are in the last month of the year and whether the companies are able to meet their expectations. Additionally, market participants will also keep an eye on developments in companies related to stock changes, quarterly updates, fundraising plans and regulatory actions.
Companies that may see volatility in the coming days include Lenskart, HUL, HDFC Bank, Dalmia Bharat, ICICI Bank, IRFC, Tejas Networks and some other major stocks, which may win new projects or be part of operational changes. Therefore, investors can keep an eye on the stocks of these companies.
Rupee in limited range in early trade
According to PTI, the rupee traded in a narrow range against the US dollar in early trade on Monday as support from positive domestic equity markets was negated by higher crude oil prices and withdrawal of foreign investors. Forex traders say heavy demand for dollars by importers has put continued negative pressure on the local currency. Additionally, investors are taking a cautious stance given the ongoing trade tensions with the US, and an agreement is expected by the end of this year. The rupee opened at 89.45 in the interbank foreign exchange market. It fell to 89.46 in early trade, marking a decline of 1 paise from its previous close. On Friday, the rupee had fallen 9 paise to close at 89.45 against the US dollar.
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