Market started positively in the weekend, Sensex opened with a gain of 328 points

Mumbai. After trading losses throughout the week except Monday, the Indian stock market has opened with positive gains in the weekend, making the possibility of ending the week with a positive note. However, the business has just started. So it is too early to say anything.

It is to be known that on the morning of Friday, November 12, the BSE (Bombay Stock Exchange) Sensex started today’s session at 60,248.04 with 328.35 points. At the same time, the Nifty of NSE (National Stock Exchange) opened today with a gain of 104 points at the level of 17,977.60. At the time of writing the news, the Sensex was trading 161.03 points and 0.27 per cent higher at 60,080.72, while the Nifty had gained 58.55 points and 0.33 per cent to reach the level of 17,932.15.

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It is to be known that today this positive business also had an impact on the rupee-dollar value equation. The Indian rupee opened higher by 13 paise at 74.38 per dollar against Thursday’s (74.51). The reason behind this is that US inflation has remained above 5% for the fifth consecutive month. Due to this the value of rupee against dollar is increasing.

Tata Steel, Sun Pharma, Tech Mahindra, Bajaj Finserv, Asian Paints, HDFC, Infosys, Kotak Mahindra Bank were the top gainers in Sensex in today’s opening session. The reason behind the rise in the shares of Tata Steel today is that the company yesterday on November 11 reported strong data for the quarter ended September. Its effect was seen in the form of an increase in the share prices of Tata Steel on 12th November this morning. Tata shares rose up to 3 per cent in today’s opening, though Tata Steel’s share price declined slightly later.

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It may be noted that yesterday on November 11, Tata Steel reported a profit after tax of Rs 12,548 crore, which was 7.5 times higher than Rs 1,665 crore in the corresponding quarter last year and 28 per cent higher than Rs 9,768 crore in the previous quarter.

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