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October 31, 2020
KhabriBaba
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Outside the stock market, the Sensex rose by over 600 points

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  • 27 of the top 30 stocks of SENSEX are trading in the Green Zone. Only 3 stocks are trading in the red zone
  • Tata Motors (16%), Yes Bank, Tata Steel, JSW Steel and Vedanta shining on Nifty
  • Better than expected results in the second quarter, market sentiment has changed and buying is increasing
  • There are reports that the government may announce some kind of tax level to boost the stock market.

 

On Tuesday, the stock market is seen to be very strong after opening. Around 1.25 pm, the Sensex is trading up by 612 points at 39,863 and the Nifty is trading at 11798 points with a gain of 171 points. 43 stocks of Nifty-50 are trading in the green zone.
Auto stocks are showing good buying.

Sensex rose by over 600 points after Diwali

After the quarterly results, Tata Motors’ shares rose up to 16%. All the shares of Auto Index are visible on the green mark. 27 of the top 30 stocks of SENSEX are trading in the Green Zone. Only 3 stocks are trading in the red zone. At the same time, shares of Tata Motors (16%), Yes Bank, Tata Steel, JSW Steel, and Vedanta Ltd. have gained significantly on the Nifty.

US-China trade deal

Investors seem positive about the US President’s statement about the first phase of the trade deal between the US and China. Trump said he could sign the first phase of the trade deal ahead of time.

Quarterly results improved

In the second quarter of the current financial year, the market sentiment has changed due to better than expected results and buying is increasing. Tata Motors shares are seeing good gains. The company’s second-quarter consolidated net loss has reduced significantly. The company on Friday announced the second-quarter results ended in September.

Expect a further improvement in the tax level?

There are reports that the government may announce some kind of tax level to boost the stock market. It is believed that discussions are being held on LTCG, STT, and DTT and an announcement can be made before the budget to be presented in February.

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