Digital Desk, Lucknow : There are clear indications of the start of trading with strong momentum in the Indian stock market today. A big gain of about 280 points has been recorded in Gift Nifty in the morning, after which it is trading at the level of 25,324. Apart from this, based on the quarterly results (Q2 Results), good movement can also be seen in the shares of many selected companies.
Mixed signals from global markets: Profit booking in US market
Talking about international markets, investors booked profits on Tuesday after the strong rise in previous sessions on Wall Street. US benchmark index Dow Jones Industrial Average finally closed 160 points lower after slipping nearly 350 points during the session. Similarly, Nasdaq also recorded a decline of 0.7 percent. At the same time, a mixed trend is being seen in Asian markets today, where South Korea's Kospi and other regional markets are trading sluggishly.
Investors will keep a special eye on the shares of Kalyan Jewelers
On the domestic front, the quarterly performance of big companies will decide the market movement. Apart from this, investors will keep a special eye on the shares of Kalyan Jewellers, a major company in the retail sector. The company has released excellent financial results for the September quarter and has registered a huge increase of 63.6 percent in its net profit. Along with this, on the basis of strong business performance, the company's revenue has also increased by 31.4 percent to the level of ₹ 10,323 crore. Market analysts believe that with the help of strong domestic signals and GIFT Nifty, the Indian stock market can give a good start to investors by opening in the green today.
Also read: