By Admin 
Stock Market Today: After two consecutive trading sessions of decline, there was some relief in the domestic stock market on Monday. There was a slight rise in the market due to buying in select auto and banking stocks. While BSE Sensex closed at 83,978.49 with a rise of 39.78 points (0.05%), NSE Nifty closed at 25,763.35 with a gain of 41.25 points (0.16%).
During the session, Sensex touched a high of 84,127 points and a low of 83,609.54 points. Out of 30 Sensex stocks, 14 were in the rise while 16 were in decline.
Rise in these shares
Major stocks contributing to the rise included Mahindra & Mahindra (up 1.7%) – Tata Motors Passenger Vehicles (TMPV) (up 1.69%), State Bank of India (SBI), Bharti Airtel, Kotak Mahindra Bank due to better October sales figures.
The decline was led by Maruti Suzuki, which fell 3.37%. Apart from this, there was weakness in ITC, Tata Consultancy Services (TCS), Larsen & Toubro (L&T), Bharat Electronics (BEL) and Titan. According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 6,769.34 crore on Friday, while domestic institutional investors (DIIs) bought shares worth Rs 7,068.44 crore.
global signal
Asian markets witnessed a positive trend – South Korea’s Kospi, China’s Shanghai Composite, Hong Kong’s Hang Seng – all remained in the green. European markets were also on the rise in afternoon trading, while US markets closed strong on Friday. Meanwhile, the price of Brent crude oil fell by 0.14% to $64.71 per barrel. Analysts say that the market remained in a limited range due to foreign capital withdrawal and lack of new domestic signals. However, buying in select auto and banking stocks supported the market.
Also read: Gadar is selling shares worth less than one rupee, making investors millionaires, double returns in just two and a half months.
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