The stock market gained for the fifth day in a row on November 6. The prospect of Joe Biden becoming the United States President has raised the prospects of a new stimulus plan. This is the reason why the market is booming. The Sensex was up by 552 points and the Nifty by 143 points. The market has been on a bullish trend since November 6 morning.

The trading day started with gains. The Sensex remained above 41,000 points. The Sensex closed at 41,893 points. The Nifty rose again to 12,250 points. Nifty gained 143 points to 11,280. The day’s low was 12,131 points. The Nifty closed at 12,263 points.

The majority of Nifty stocks traded higher on the day. Of the 50 stocks in the Nifty, 32 gained while 18 lost. Bajaj Finserv, Reliance Industries, Indus Ind Bank, HDFC Bank and Kotak Mahindra Bank were the top five gainers today. These stocks gained over 3 per cent.

Banking and IT stocks were the biggest gainers on the day. The Nifty Bank Index was up 1.99 per cent. The Nifty IT index gained 1.02 per cent.

Maruti Suzuki, GAIL, Bharti Airtel, Ultratech Cements and Asian Paints were the top five losers in the Nifty. Maruti Suzuki fell 2.63 per cent.

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The Nifty closed above 11,900 again. The market closed with a gain after strong fluctuations.

The Nifty, which had gained 11,974 points, had a strong resistance at 12,000 points. The stock traded lower by 11,908 points during the day. However, it rose to 11,930 points at the close of trading.

The majority of Nifty stocks traded higher on the day. Out of the 50 stocks in the Nifty, 29 stocks gained while 21 lost. Maruti Suzuki, Mahindra & Mahindra, Tata Steel, Powergrid and Bajaj Auto are the top five gainers in the Nifty on the day. Maruti Suzuki India gained 4.26 per cent. Shares of Mahindra & Mahindra, Tata Steel, Powergrid and Bajaj Auto gained over 2 per cent each.

Automobile stocks were the main gainers. The Nifty Automobile Index rose 2.93 per cent. Shares of Motherson Sumi, Bharat Forge and Maruti Suzuki gained over 4 per cent. At the same time, real estate stocks came under selling pressure.

Ultratech Cements, HCL Tech, Hindustan Unilever, GAIL and Hindalco were the top five losers in the Nifty. Ultratech Cement fell 2.44 per cent.

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The Sensex ended at 39,073 points on the day. It was up 39,111 points during trading. The day’s low was 38,765 points.

On August 25, the US stock market set a new all-time high. The stock market continues to jump. This was also reflected in the boom in the Indian market. Right now, global indicators are mainly driving the Indian market.

Similarly, the Nifty closed at 11,549 points. The stock ended the day at 11,462 points.
Thirty-two Nifty stocks gained while 18 stocks lost. Tata Motors, Hero Motors, IndusInd Bank, Zee Limited and Kotak Mahindra Bank were the top five gainers in the Nifty. Tata Motors was up 8.81 per cent and Hero Motors was up 6.49 per cent. IndusInd Bank and Zee Limited gained over 5 per cent.

The Nifty Bank Index was up 1.39 per cent and the Nifty Auto Index was up 1.46 per cent. The move to cut GST on two-wheelers has benefited companies in the sector. This is the main reason why Hero Motors jumped.

Bharti Airtel, Ultratech Cements, Asian Paints, Maruti Suzuki and HDFC Life were the top five losers in the Nifty. Bharti Airtel and Ultratech Cement fell more than two per cent.

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