The domestic stock market opened with a green sign on Thursday. The BSE Sensex was trading up 15.71 points at 66917.62 at 9.22 am. Similarly, the National Stock Exchange’s benchmark Nifty was also trading up 12.60 points at 20,109.20. According to Money Control news, Hero MotoCorp, Eicher Motors, BPCL, Dr. Reddy Laboratories, Grasom Industries were the top gainers on the Nifty at the time of stock market opening, while Asian Paints, NTPC, T.C. S, Hindalco Industries. And Wipro was in losses.
Market in pre-opening
The domestic stock market saw a pre-opening flat this morning. The Sensex was trading around 66877, down 25 points around 9.05 am. Similarly, the Nifty was trading down 89 points at 20,008. Later, the market moved towards the green mark in the pre-opening session. Tata Technology, Gandhar Oil are among the stocks that will be in focus today. They are listed today. Apart from this, investors are also eyeing Thomas Cook, JSW Infra, Zomato.
At a time when fears of a slowdown in global economic growth have not yet subsided, high inflation remains a threat. India’s gross domestic product (GDP) growth rate is expected to be 6.8 percent in the July-September quarter. The data is due to be released on Thursday.
The OPEC Plus meeting is being held today.
The global market has mixed signals. There is no news of any major shortage in the international market. In terms of production, today is the meeting of OPEC Plus, due to which support can be seen in crude oil. According to the news, the condition of US interest rate cut till March 2024 has boosted foreign inflows. Bank, auto, capital goods and FMCG stocks were bullish, while metals were under pressure.
Update in progress…
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