Sensex Market: Sensex Opens 283 Pts Up, Nifty Gains 0.1% - Check Out Key Stocks

Stock Market Today:  domestic stock market bourses opened on a positive note on Monday amid mixed movements in Asian peers. BSE’s 30-share Sensitive Index opened 283 pts or 0.25 per cent higher led by gains in Tata Steel, L&T, Sun Pharma, and Mahindra & Mahindra. 

Where National Stock Exchange’s benchmark index Nifty 50 opened 70 pts or 0.25 higher on November 18. However, after a positive opening, both indexes flushed down gains to tre flat, marginally lower from ir previous closes. 

After consecutive losses over last few weeks, markets are trying to regain positive momentum, however, investors are awaiting strong global cues before making ir move. 

market move was buoyed down by Dr Reddy and Infosys which opened over 2 per cent lower, leing losers charts as of 09:20 am. Whereas, Wipro , Axis Bank , and Britannia were or losers during first few minutes of market opening. 

In terms of sectoral performance, Information & Technology was biggest loser with giants like Infosys, Wipro, and HCL tring in red, while Nifty Reality and Nifty Metal were among top performing sectors in early tre. 

Global Cues to Remain in Focus

This week focus is likely to remain on key market triggers in weeks to come. market participants will be closely monitoring assembly elections in state of Maharashtra which are scheduled for end of this month along with pace of foreign fund outflows. 

US dollar, crude oil prices, and domestic and global macroeconomic data will be or key focus areas for investors in coming weeks. 

Opportunity for Long Term Investors

key indices which are significantly down from ir all-time highs, also present lucrative opportunities for long-term positions, experts suggest. “Based on current valuation multiple of 19x (on FY26 basis), index offers a potential upside of up to 26.4 per cent with limited downside risk. This upside makes current levels an attractive entry point for long-term investors,” said Manish Goel, Founder & Director, Equentis Research and Ranking. 

FIIs Under Spotlight

FII activity will remain under spotlight for domestic investors as bourses have suffered more than Rs 1.4 lakh crore rout in FII outflows in last one and a half months which moved partly towards lucrative short-term opportunities in Chinese market led by economic stimulus and partly towards election-frenzy of US markets.

“Even after heavy selling, India still remains one of top destinations for foreign portfolio investment among Asian markets, holding around $930 billion, or 17.6 per cent of total market,” Goel ded.