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Stock Market Opening On 11th November 2022: Due to the fall in the inflation rate in the US in the month of October, there is a tremendous boom in the stock markets around the world, due to which the Indian stock market has opened with great speed. Mumbai Stock Exchange’s index Sensex opened at 61,414 points with a jump of 800 points, while the National Stock Exchange gained 244 points to start trading at 18272. Sensex has again crossed the level of 61,000 points.
Sector’s condition
Due to the spectacular rise in the stock market, Bank Nifty has crossed 42000 for the first time. In today’s boom in the market, shares of all sectors are seeing an increase. Especially in the stocks of IT, FMCG, Energy, Auto sector, there is a tremendous rise. Midcap and small cap shares are also trading with a brisk pace. Out of 50 shares of Nifty, only one share is trading in red mark while 49 shares are trading in green mark. Of the 30 stocks of Sensex, 29 stocks are trading with a gain while one share is declining.
bullish stocks
Infosys 4.05 percent, Tech Mahindra 3.86 percent, Wipro 3.75 percent, HCL Tech 3.59 percent, TCS 3.52 percent Tata Steel is trading with a gain of 2.53 percent.
Why did the market rise
There has been a decline in the inflation rate figures in America for the month of October. Inflation rate stood at 7.7 per cent as against 8.2 per cent in September. After the fall in the inflation rate, there was a tremendous rise in the US stock market. Nasdaq closed at 11,114 points with a jump of 7.35 percent i.e. 760 points. The Dow Jones gained 1200 points. The market is heaving a sigh of relief that the Federal Reserve may put a brake on the interest rate hike.
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