Manufacturing activities at three-month low
The pace of growth in the country’s manufacturing activities has slowed down again. The country’s manufacturing activities have fallen to a three-month low in November due to a decrease in factory orders, exports and purchases. The Manufacturing Procurement Managers Index (PMI) of IHS Market India declined to 56.3 in November from 58.9 in October. This is its three-month low. These figures show that manufacturing activities in the country remain strong, undoubtedly their rate of decline in November.
Market will be affected by these factors this week
Investors will monitor the results of the RBI meeting, vehicle sales data, daily cases of Corona virus Kovid-19 infection and news related to the Corona vaccine before investing in the market this week. Analysts said that the trend of foreign institutional investors, crude oil prices, rupee move and economic data released on Friday will also have an impact on the stock market.
Such was the situation of veteran shares
Talking about the big stocks, today the shares of GAIL, Sun Pharma, IndusInd Bank, Tech Mahindra and UPL closed on the green mark. Nestle India, Kotak Bank, Titan, Bajaj Finance and HDFC Bank closed at the red mark.
Sectoral index tracking
If we look at the sectoral index, today all sectors except FMCG closed on the green mark. These include banks, PSU banks, private banks, finance services, pharma, media, realty, auto, IT and metals.
The stock market recorded a weekly gain last week. The Bombay Stock Exchange’s leading index Sensex gained 267.47 points, or 0.61 percent, to 44,149.72 points, and the National Stock Exchange’s Nifty jumped 109.90 points, or 0.85 percent, to 12,968.95 points. It is known that the index has recovered the entire loss in the year 2020. It closed at 41,306.02 on January 1, 2020. However according to analysts, further market volatility will continue. Hence investors should be cautious.
Five of the top 10 companies fall in market capitalization
The market capitalization (market cap) of five of the top 10 Sensex companies fell by Rs 91,699 crore collectively last week. Reliance Industries was the biggest loser. Apart from Reliance Industries, the market capitalization of Infosys, HDFC, ICICI Bank and Bharti Airtel also declined. On the other hand, market valuations of Tata Consultancy Services (TCS), HDFC Bank, Hindustan Unilever, Kotak Mahindra Bank and Bajaj Finance increased.
The market was open on a slight increase
Today the stock market opened with a slight uptrend. The Sensex was up 49.92 points (0.11 per cent) at 44199.64 level. The Nifty started with a gain of 17.10 points (0.13 per cent) at 12986.10.
Slowness came in the market on the last business day
There was a slowdown in the stock market on the last trading day. The Sensex was down 110.02 points to end at 44149.72, down 0.25 per cent. At the same time, the Nifty fell 0.31 per cent (40.65 points) to close at the level of 12946.35.