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Stock Market Opening: Business started with a fall in the Indian market due to global cues

Stock Market Opening On 10th November 2022: Due to global signals, trading has started with a fall in the Indian stock market. Asian markets are down, due to which the Indian market has opened downwards. Sensex has slipped below 61,000 points. Mumbai Stock Exchange’s index Sensex opened with a fall of 323 points at 60,709 points, while Nifty started trading at 18,066 points down 90 points.

Sector’s condition
Due to the fall in the market, the pharma sector is the only sector whose shares are seeing a rise in the rest of the sector’s shares. Banking, IT, Auto, FMCG, Energy, Metals, Media, Real estate sector stocks are witnessing profit-booking. Out of the 50 stocks of Nifty, 19 stocks are trading in the green, while the remaining 31 stocks are in decline. Of the 30 stocks of Sensex, 9 stocks are trading only with a rise, the remaining 21 shares are trading with a fall.

rising stocks
If we look at the stocks which are rising, then Cipla 1.76 percent, Dr Reddy 1.17 percent, HUL 0.92 percent, Divi’s Lab 0.80 percent, Bharti Airtel 0.62 percent, Adani Enterprises 0.58 percent, UPL 0.57 percent, Kotak Mahindra 0.41 percent, Bajaj Auto 0.39 percent. doing business at a rapid pace.

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These shares are active
The government is going to sell its 1.55 percent stake in the giant private bank Axis Bank. Due to which this stock is going to be in focus, then investors investing in Nykaa shares during the pre-IPO placement will sell due to the end of the lock-in period, due to which the stock is going to be under pressure.

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