Stock Market Update: Where there was a boom in the stock market on Friday, on Monday, July 11, the Indian stock market has opened with a fall. Both the Sensex and Nifty indices have started in the red mark. At the same time, some foreign markets have also been seen trading with a decline.
Along with this, a lot of ups and downs are being seen in the Indian stock market. Today the Sensex has seen a fall of more than 200 points. At the same time, Nifty also broke more than 80 points. Along with this, almost all the indices have opened with a fall.
On Monday, the beginning of the Indian stock market was in the red mark. On the other hand, the Sensex saw a fall of 233.24 points (0.43%).
With this, the Sensex opened at the level of 54248.60. On the other hand, Nifty has also registered a decline. Nifty fell 84.45 points (0.52%) to open at 16136.15 level.
Earlier on Friday, July 8, there was a rally in the market. On Friday, the Sensex gained 303.38 points (0.56%). With this, the Sensex closed at the level of 54,481.84.
On the other hand, Nifty saw a rise of 87.70 points (0.54%). With this, Nifty closed at the level of 16,220.60.
At the same time, the direction of local stock markets will be decided this week by economic data and quarterly results of companies.
Apart from this, the global trend and the trend of foreign funds will also be important from the market point of view. Analysts say that the market participants will keep an eye on the volatility of the rupee and crude oil prices as well.
The quarterly results of Tata Consultancy Services (TCS) will be out this week. Apart from this, industrial production (IIP) and consumer price index based inflation (CPI) data are to come on July 12 as well as wholesale price index based inflation (WPI) on July 14.
At the same time, the process of withdrawal of foreign portfolio investors (FPIs) from the Indian stock markets continues in July as well.
However, now the pace of selling of FPIs has slowed down a bit. FPIs sold shares worth over Rs 4,000 crore in July amid a firming dollar and hike in interest rates in the US. According to depository data, during July 1-8, FPIs pulled out a net Rs 4,096 crore from the Indian stock exchanges.
Also Read – Stock Market Update Today: Today’s Top Gainers
Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER.
