Indian stock market opens in green amid US presidential elections, Sensex rises more than 300 points

Mumbai: The Indian stock market opened in the green on Wednesday amid the presidential elections being held in America. In the initial business, buying is taking place in sectors like realty, media, energy, private banks and infra. BSE Sensex is trading at 79,844.26 after rising 367.63 points or 0.46 per cent. At the same time, NSE's Nifty is trading at 24,308.60 after rising 95.30 points or 0.39 percent. The market trend remains positive. On the National Stock Exchange (NSE), 1,820 shares are trading in the green, while 449 shares are trading in the red.

Nifty Bank is at 52,289.75 after rising 82.50 points or 0.16 percent. Nifty Midcap 100 index is trading at 56,589.90 level after rising 474.45 points or 0.85 per cent. At the same time, Nifty Smallcap 100 index is at 18,651.70 after rising 148.25 points or 0.80 percent. HCL Tech, ICICI Bank, Infosys, Bajaj Finserv, Bajaj Finance, Tech Mahindra, Maruti, Sun Pharma and Axis Bank were the top gainers in the Sensex pack. Whereas, Titan, Tata Steel, Hindustan Unilever Limited, Kotak Mahindra Bank, Tata Motors and SBI were the top losers.

According to market watchers, “Recent options positions in Nifty and Bank Nifty suggest that traders' sentiment has turned positive. Near term resistance lies inside the 24,420 – 24,542 zone, while key and crucial support lies at 24,074 respectively. And are at 23,780.”

Talking about Asian markets, the markets of Jakarta, Shanghai and Tokyo are trading in the green. While the markets of Seoul, Bangkok and Hong Kong remain on the red mark. At the same time, amid the elections, the American stock markets closed on the green mark on the previous trading day. Foreign institutional investors (FIIs) sold equities worth Rs 2,569 crore on November 5, while domestic institutional investors bought equities worth Rs 3,030 crore on the same day.