Stock Market Today 7 Nov: Indian benchmark indices opened in the red on the last trading day of the week. In the early trade, selling was seen in Nifty IT, Infra, Auto, PSU Bank, Financial Services and Pharma. At around 9:27 am, Sensex was trading at 82,739.75, down 571 points or 0.69 percent. At the same time, Nifty was trading at 25,340.60, down 169.10 points or 0.66 percent.
Stock Market Today 7 Nov
On the other hand, the Nifty Bank index was trading at 57,223.55, down 330.70 points, or 0.57 percent. The Nifty Midcap 100 index was trading at 58,930.20, down 538.40 points, or 0.91 percent. The Nifty Small cap 100 index was at 17,873.20, down 231.80 points, or 1.28 percent.
Share Market Experts
Market experts said that the Nifty index failed to rise above the 25630/50 level after an initial rally yesterday, and the 50-day simple moving average and Bollinger Bands have fallen to 25200 and 25088, respectively. However, the 25400 level could provide an opportunity for bulls to regroup. Market experts said that a significant feature of the current market trend is that DIIs are buying more than FIIs. Despite this, the market is moving downwards.
TCS Top Losers Stock
Meanwhile, Bharti Airtel, HCL Tech, NTPC, and TCS were the top losers in the Sensex pack. Sun Pharma, Eternal, ITC, Bajaj Finance, and ICICI Bank were the top gainers. In Asian markets, Japan, Seoul, China, and Hong Kong were all trading in the red. Only Jakarta was trading in the green.
FII & DII Trading
Foreign institutional investors (FIIs) were net sellers on November 6, selling Indian shares worth ₹3,263.21 crore. Meanwhile, domestic institutional investors (DIIs) were net buyers on the same trading day, purchasing shares worth ₹5,283.91 crore.
