Market boom: Sensex hits new lows despite heavy selling

Ahmedabad, November 1, 2019, Friday

After the bullion movement at the Mumbai stock market moved behind the fresh takeover by foreign investors and funds, the boom in pressure from selling profit at higher headlines was becoming negative, though the Sensex closed at a new high.

New Sensex intra-day jumped more than 150 points after the start of the firm tone today. However, during the middle of the working hours, unemployment rate was rising and the PMI of the manufacturing sector saw a two-year bottom-up market boom.

Following the announcement of the aforementioned reports, high pressure led to heavy selling pressure in IT, auto, oil and consumer durable stocks. However, the Sensex bounced back, gaining 35.98 points to close at the new high of 40165.03 in the final phase of trading.

Amid a volatile environment, foreign investors today raised Rs. 533 crore was purchased. Local organizations against Rs. Conducted a sale of Rs 136 crore. At the end of the day, the Nifty rose 22 points to end at 1,900.