Stock Market Today 11 Feb: The Indian stock market started flat. Sensex jumped 65.23 points to open at 84,339.15, while the Nifty opened at 25,997.45 with a gain of 62.3 points. This is the third consecutive session of this week when market started trading on a positive note. A decline was recorded shortly after the market opened, but after fluctuations, the stock market has again reached the green mark. At the time of writing this news, at around 9.25 am, 30-share BSE Sensex was up 102 points or 0.1 percent at 84,374, while NSE Nifty was trading at 25,979 with a gain of 44 points.
Stock Market Today 11 Feb
BSE Midcap index declined 0.2 percent, while Smallcap index rose 0.1 percent. Nifty Auto saw the biggest gain of 1.34 percent. Nifty FMCG gained 0.18 percent, while Nifty IT fell 0.45 percent and Nifty Bank fell 0.28 percent.
Top Gainers and Losers Shares
In Sensex pack, Mahindra & Mahindra, Titan, Maruti Suzuki, Tata Steel, SBI, and Sun Pharma were the biggest gainers. HCL Tech, Trent, TCS, Bharti Airtel, ITC, and Larsen & Toubro were among the top losers.
Market Expert on Stock Market
Experts said the market is likely to trade in a positive but narrow range, with the uptrend likely to persist. Investors are likely to focus on auto, metal, banking, and high-performance stocks. However, with the Nifty nearing the crucial 26,000 level, caution and better risk management will be necessary. According to market analysts, immediate support for the Nifty lies in the 25,700-25,800 zone, while resistance remains in the 26,000 zone. Analysts say continued optimism regarding the India-US interim trade framework and strong corporate earnings are providing short-term support to domestic stock markets.
Asian Market Today
In Asian markets, China’s Shanghai Stock Exchange rose 0.22 percent, the Shenzhen Stock Exchange fell 0.07 percent, Japan’s Nikkei gained 2.28 percent, and Hong Kong’s Hang Seng Index gained 0.33 percent. South Korea’s Kospi gained 0.87 percent. US markets closed mostly lower overnight, with the Nasdaq down 0.59 percent. The S&P 500 fell 0.33 percent, while the Dow Jones Industrial Average rose 0.1 percent.
