By Admin 
Share Market Today: The Indian stock market started on a positive note on Thursday. The 30-share Sensex opened at 84525 with a jump of 59 points. At the same time, Nifty-50 increased by 30 points and started trading at the level of 25906. Meanwhile, Bank Nifty opened at 58200 with a fall of 74 points or 0.13 percent. Similarly, there was sluggishness in small and midcap stocks also. Nifty Midcap opened flat at 60910.
The biggest gainers in Nifty 50 in the morning trade included Asian Paints, Tata Steel, Hindalco, Bharti Airtel and Indigo. At the same time, there was a decline in the shares of Tata Motors CV, ONGC, BEL, Eternal (Zomato) and Grasim Industries.
Global market situation
Asian markets have seen a rise today after a volatile overnight session on Wall Street. Investors are keeping an eye on the developments here amidst expectations of lifting of the shutdown in America by the end of this week. Japan’s Nikkei 225 rose 0.4 percent, South Korea’s Kospi gained 0.3 percent, while Hong Kong’s Hang Seng fell 0.2 percent.
Whereas, if we talk about the American stock market, the S&P 500 index has remained on a flat note throughout the trading. At the same time, Nasdaq Composite fell by 0.26 percent, while Dow Jones Industrial Average gained 0.68 percent.
Market needs new trigger
VK Vijayakumar, Chief Investment Strategist, Geojit Investmentmate, says, new triggers are needed to take the market to new record high levels. The result of Bihar elections is also being underestimated to a great extent, hence there is no political trigger, but if the result of the election turns out to be different from the exit poll then the matter can be reversed.
He further said, apart from this, one has to keep an eye on the possible outcome of the trade deal between India and America, in which it has been said that penalties will be removed and reciprocal tariffs will be reduced. There has been a decline of 0.25 percent in retail inflation in India in October, there is a possibility of interest rate cut by the Federal Reserve in December, but in the meantime the weakening of monetary policy has become a challenge for the RBI.
Their quarterly results will come
Today Hero MotoCorp, Eicher Motors, LG Electronics India, Alkem Laboratories, IPCA Laboratories, National Securities Depository, Voltas, Apollo Tyres, Bharat Dynamics, Dilip Buildcon, GMR Airports, Jubilant Foodworks, Samvardhan Motherson International, Muthoot Finance, NBCC (India), New India Assurance Company, Orkla India, Page Industries, PG Companies like Electroplast, Titagarh Rail Systems and TVS Supply Chain Solutions will announce their September quarter results.
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