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There is an increase in the stock market today i.e. on 2nd November. The Sensex is trading at the level of 75,400 with a rise of about 1,000 points. Nifty also has a gain of more than 250 points, it is trading at 23,300. There is more buying in auto, metal and banking shares today.
3 big reasons for the rise in the market…
1. Buying by foreign and domestic investors: Foreign investors (FIIs), who have been selling for a long time, bought shares worth Rs 871.83 crore on Wednesday. Domestic investors (DIIs) also invested Rs 643.35 crore. This purchase provided strong support to the market.
Foreign investors (FIIs) bought shares worth ₹7,767 crore in 7 days
| category | Latest | last 7 days | last 30 days |
| DII | -818 | +500 | +52,178 |
| FII/FPI | +3,599 | +7,767 | -35,678 |
Note: Net buying/selling figures of FIIs and DIIs are in crores of rupees.
2. Excellent results of big companies: Strong September quarter results attracted investors. Reliance’s profit increased by 34% to Rs 29,550 crore, due to which its share is up by more than 4%. Apart from this, good buying was also seen in shares of big companies like Tata Steel, NTPC, Maruti and SBI.
3. Some relief in crude oil prices: The price of Brent crude oil fell nearly 3% to $110 per barrel. India imports most of its crude oil from outside, hence this slight softening in oil prices was positive for the market.
Mixed trading in Asian markets today
| index | level | point change | percent change |
| Kospi (South Korea) | 5,826 | +97 | +1.90% |
| Nikkei (Japan) | 63,095 | -195 | -0.31% |
| Hang Seng (Hong Kong) | 23,426 | +131 | +0.28% |
The US market was falling on October 30
| index | level | point change | percent change |
| dow jones | 51770 | -572 | -1.09% |
| nasdaq | 25437 | -748 | -2.86% |
| S&P 500 | 7580 | -140 | -1.82% |
There was an increase in the market on Friday
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