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

Stock Market Today: The domestic stock market bourses opened on a positive note on Monday amid mixed movements in Asian peers. The BSE’s 30-share Sensitive Index opened 283 pts or 0.25 per cent higher led by gains in Tata Steel, L&amp;T, Sun Pharma, and Mahindra &amp; Mahindra. Where the National Stock Exchange’s benchmark index Nifty 50 opened 70 pts or 0.25 higher on November 18. However, after a positive opening, both the indexes flushed down the gains to trade flat, marginally lower from their previous closes. After consecutive losses over the last few weeks, markets are trying to regain positive momentum, however, investors are awaiting strong global cues before making their move. The market move was buoyed down by Dr Reddy and Infosys which opened over 2 per cent lower, leading the losers charts as of 09:20 am. Whereas, Wipro , Axis Bank , and Britannia were the other losers during the first few minutes of the market opening. In terms of sectoral performance, Information &amp; Technology was the biggest loser with giants like Infosys, Wipro, and HCL trading in red, while Nifty Reality and Nifty Metal were among the top performing sectors in the early trade. Global Cues to Remain in FocusThis week the focus is likely to remain on key market triggers in the weeks to come. The market participants will be closely monitoring the assembly elections in the state of Maharashtra which are scheduled for the end of this month along with the pace of foreign fund outflows. US dollar, crude oil prices, and domestic and global macroeconomic data will be other key focus areas for investors in the coming weeks. Opportunity for Long Term InvestorsThe key indices which are significantly down from their all-time highs, also present lucrative opportunities for long-term positions, experts suggest. “Based on the current valuation multiple of 19x (on FY26 basis), the 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 &amp; Director, Equentis Research and Ranking. FIIs Under SpotlightThe FII activity will remain under the spotlight for domestic investors as the bourses have suffered more than Rs 1.4 lakh crore rout in FII outflows in the last one and a half months which moved partly towards lucrative short-term opportunities in the Chinese market led by economic stimulus and partly towards election-frenzy of US markets.“Even after heavy selling, India still remains one of the top destinations for foreign portfolio investment among Asian markets, holding around $930 billion, or 17.6 per cent of the total market,” Goel added.

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

The market move was buoyed down by Dr Reddy and Infosys which opened over 2 per cent lower, leading the losers charts as of 09:20 am.

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