Thursday, February 29th, 2024

Flat opening of domestic stock market, Sensex opens beyond 66000, Nifty positive, these shares are in focus


Photo:FILE Adani Enterprises, BPCL were the top gainers.

The domestic stock market had a flat opening on Tuesday. Bombay Stock Exchange’s benchmark Sensex started in the green and was seen trading at the level of 66001.66 with a slight gain of 31.62 points. Similarly, Nifty of National Stock Exchange was also seen trading at the level of 19816.70 with a slight gain of 22 points. According to Money Control news, as soon as the market opened, Adani Enterprises, BPCL, Adani Ports, Coal India and Power Grid Corp were the major gainers on Nifty, while M&M, Reliance Industries, ICICI Bank, L&T and Cipla were seen trading with losses.

Strong signal in pre-opening

The domestic stock market had shown signs of strength in the pre-opening session on Tuesday. Bombay Stock Exchange’s Sensex was seen trading at the level of 66144.43 with a gain of 174.39 points at 9 am. Similarly, NSE’s Nifty was also trading at the level of 19852.45 with a gain of 57.75 points. In the last trading session i.e. on November 24, the Sensex closed at 65,970 with a fall of 48 points. On November 24, foreign institutional investors (FPIs) purchased Rs 2625.21 crore in the domestic markets, while domestic institutional investors purchased Rs 134.46 crore.

crude oil and gold

According to Money Control news, there is pressure on the price of crude oil. Before the OPEC Plus meeting, its price is seen around $ 80 per barrel. On the other hand, due to weakness in the dollar, gold has reached a six-month high. The price of gold on COMEX is above 2015 dollars.

What is the possibility regarding the market?

Experts say that the bullish trend in Nifty will continue in the coming days. The results of the recently held assembly elections will be out on December 3, its impact will also be visible on the market. If Nifty goes above 19900 then its all time high can also be seen.

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