look news india
Indian benchmark indices Sensex and Nifty opened on a positive note in the first trading session of the week on Monday (January 6) amid a rise in US stocks. According to market experts, positive movement is expected in blue-chip stocks ahead of the company’s upcoming third quarter results this week.
Positive start of stock market
There was a rise in 11 out of 13 major sectors of the stock market in early trading. More locally concentrated smallcaps and midcaps also rose by about 0.3%. Last week on Friday, both Nifty and BSE Sensex fell due to financial and IT stocks. However, auto stocks posted weekly gains after a bounce in monthly sales data.
The stock market has started on a positive note on the first day of the trading week. At 9.30 am, the Sensex opened with a gain of 172 points at 79,395.67. While Nifty opened at 24,047.40 points with a gain of 42.65 points.
How will the market move this week?
The December quarter results are being declared this week. The results of Tata Consultancy Services (TCS), the top IT sector company, will be declared on January 9. Market experts say that this will play an important role in deciding the direction of the market in the short term.
He said that amid all the key triggers including US policy and Union Budget, quarterly results of companies will prove to be important in shaping the performance of domestic equities in the short term.
