Suspense Crime Sach Ka Dam
The domestic stock market is on a continuous decline. On Monday also the stock market started trading in the red mark. The Bombay Stock Exchange (BSE) index Sensex was trading at 77186.57 level with a huge decline of 393.74 points at 9:59 am. Similarly, the National Stock Exchange (NSE) benchmark Nifty was trading at 23,400.70 level with a decline of 132 points. However, Nifty Bank was seen in the green mark, which was trading at 50248.25 level with a gain of 68.7 points.
Nifty IT declines
Among sectoral indices, Nifty IT fell the most by 0.8%. BSE Media and Oil & Gas both fell by 0.8%, according to Moneycontrol. However, Nifty Metal and Realty gained 1.3%, while Nifty Consumer Durables and Nifty Financial gained 0.8% and 0.3%, respectively. There has been a massive sell-off of about Rs 50 lakh crore from the Indian stock market since the bull market ended less than two months ago.
Maharashtra election results will have an impact!
Experts say that political and economic stability in Maharashtra is being seen as a major factor in deciding the direction of the market. Let us tell you, Maharashtra Assembly elections are on November 20 and the counting of votes is to be held on November 23. Market observers are waiting for the election results which will prove to be important for the markets.
Asian market situation
Stocks in the Asia-Pacific region were mostly higher on Monday. Key data from Asia this week will include China’s loan prime rate, which is due to be released on Wednesday. No change is expected in China’s LPR, with the one-year rate currently at 3.1% and the five-year LPR at 3.6%. Japan will release trade data on Tuesday and October’s core inflation numbers on Friday, while Australia’s central bank will release minutes from its meeting earlier this month on Tuesday.
