Indian Stock Market Today: Tuesday 11 November was a day of ups and downs in the Indian stock markets. The stock market started with green marks on both the major benchmark indices BSE and NSE. However, this momentum did not last long and immediately the stock market started trading in the red.
At around 10:45 am, the 30-share BSE Sensex index was trading at 83,136.74, down 398.61 points or 0.48 per cent. At the same time, Nifty 50 had slipped 119.65 points or 0.47 percent to the level of 25,454.70.
Market experts believe that the main reasons for this decline have been mainly selling by foreign investors, lack of liquidity and weak global signals. However, at the end of the trading day at 3 o’clock, both the indices were trading in the green.
condition of stock market
At around 3 o’clock in the Indian stock market, both the major benchmark indices were trading in the green. The BSE Sensex index was trading at 83,852.54, up 317.19 points or 0.38 percent. Whereas NSE Nifty 50 was trading at the level of 25,689.85 with a jump of 115.50 points or 0.45 percent.
From the BSE basket, 25 stocks were trading in the green and 5 stocks were seen declining. Talking about the top gainers, they were Mahindra & Mahindra, Adani Port, Eternal and Sun Pharma. There was a decline in the shares of Bajaj Finserv and Power Grid.
The decline occurred due to these reasons
According to market experts, the main reasons for this decline could be continuous selling by foreign institutional investors (FIIs), lack of liquidity, rise in volatility index and weak signals at the global level. On Monday’s trading day, foreign investors withdrew a total of Rs 4,114.85 crore from the Indian market.
On Tuesday, India VIX had increased by 5 percent to 12.90 points. Besides, the ongoing instability at the global level was also the main reason for this decline.
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