Maharashtra polls: Nifty, Sensex closed today, FPIs sold equities of Rs 3,411.73 crore on Nov. 19

Domestic banal markets connected November 19, 2024 showed immoderate bounce backmost aft accordant selling unit astatine the opening of this week. | Photo Credit: Reuters

Stock markets crossed the state remained closed connected Wednesday connected relationship of the assembly elections successful Maharashtra.

The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) observed a trading vacation to facilitate voting successful Mumbai and different parts of the State.

According to the BSE trading vacation list, markets were closed for each Equity Segment, Equity Derivative Segment, and SLB Segment.

The vacation was announced earlier successful accordance with the Maharashtra government’s declaration of a nationalist vacation for predetermination day. Normal trading volition resume connected Thursday, November 21.

Domestic banal markets yesterday showed immoderate bounce backmost aft accordant selling unit astatine the opening of this week.

Market experts noted that the Indian indices bounced backmost due to the fact that of the oversold conditions successful the market. However, overseas investors are inactive nett sellers. On Tuesday, the overseas investors sold stocks worthy ₹3,411.73 crores, portion home investors (DIIs) bought equities worthy ₹2,783.89 crores.

Ajay Bagga, Banking and Market Expert stated “The causes of the downtrend successful Indian stocks are inactive precise overmuch present...FPI selling (though astatine a reducing intensity), downgrades to firm earnings, slower economical maturation and precocious existent involvement rates which are proving a resistance connected maturation impulses. The bounce successful the Indian markets needs to beryllium seen arsenic a bounce from oversold zones. Maybe overseas selling is abating, we volition cognize that successful a fewer days’ time. We are going up successful consonance with Asian markets”.

In the Asian markets connected Wednesday, mixed trends were visible. Except for South Korea’s KOSPI scale and the Jakarta Composite, each different indices were trading with losses astatine the clip of filing this report. The markets of Japan, Hong Kong, and Taiwan were trading with a decline.

Indian banal indices returned to the greenish portion connected Tuesday aft having traded little for the past 7 consecutive sessions.

Sensex closed astatine 77,578.38 points, up 239.38 points oregon 0.31%, portion Nifty closed astatine 23,518.50 points, up 64.70 points oregon 0.28%.

Nifty Auto, Media, Realty, and Consumer Durables were the apical movers successful the sectoral space, portion Metal, PSU Bank, and Oil and Gas were the losers, NSE information showed.

Published - November 20, 2024 08:47 americium IST