After two consecutive days of decline, the stock market in green mark on Monday

New Delhi, Nov 25 (HS): The stock market is open in green on Monday. The Bombay Stock Exchange (BSE) Sensex opened 74 points higher at 40,434 at the start of trading. Experts believe that the events of Maharashtra will also have an impact on the stock market today. The National Stock Exchange (NSE) Nifty gained 7 points to open at 11,922. By 9.45 am, the Sensex rose by 220 points to reach 40,580.

At the start of the business, 592 stocks gained and 238 stocks declined. Among the rising stocks, Bharti Infratel, Bharti Airtel, Titan, Ultratech Cement, Infosys, RIL, Vedanta, Tata Steel, and JSW Steel were the leading stocks, while G Entertainment, ONGC, BPCL, and Tata Motors were the leading stocks. Apart from metal, infra and IT, all other sectors are in the green marks.

Significantly, on the last trading day of last week i.e. Friday, there was a big fall in the Indian stock. At the end of trading, the Sensex fell 215.76 points, or 0.53 percent, to the level of 40,360 points. Similarly, the Nifty closed at the level of 11,915 points, down 54 points, or 0.45 percent.

The shares of the IT sector was battered on Friday. The reason for the decline in the share of the IT sector is the news about American work visas. According to media reports, the US administration can change the work visa for migrants. If this happens, it will have an impact on India’s IT professionals. This is the reason that there was a sell-off in the stock of the IT sector.

Experts believe that the direction of the Indian stock market will be decided this week by foreign factors as well as domestic factors, especially investors will be watching the latest political developments in Maharashtra. However, there may be ups and downs regarding the expiry of the futures and options contracts for the month of November.

The Sensex and the Nifty closed almost flat due to weakness in the last two sessions due to profit-booking in the domestic stock market last week, while the Sensex again rose to a new high of 40,816.38 during the week.

In Maharashtra, the Bharatiya Janata Party has formed the government with the support of the Nationalist Congress Party (NCP), but proving the majority in the Assembly is a big challenge for the Chief Minister Devendra Fadnavis, who holds the reins of power, because NCP President Sharad Pawar did not support the BJP Have given.

Market experts said  that with the formation of a government in Maharashtra under the leadership of the BJP, there can be a positive trend in the market with the hopes of accelerating other infrastructure projects from the bullet train project.

According to the experts , there is a trend in the market as the trade talks between the US and China are in a positive direction, due to the signs of the boom from foreign markets and the uncertainty over the BJP-led government in Maharashtra.