Stock Market Outlook: Greenery was seen in the stock market after a long time. On Tuesday, the second day of the trading week, Nifty closed positive after 7 days. Sensex also saw a rise after 4 days of decline.

Amid the return of the boom in the market, select sectors remained in focus. IT, metal and others are included in this. Will the ongoing boom in the stock market continue in the future? Which factors will be watched? Siddharth Khemka, Head of Research, Wealth Management, domestic brokerage firm Motilal Oswal Financial Services, has issued a note on all this.

Greenery returned to the market!

The stock market registered a rise on November 19. Nifty closed positive after 7 days of selling. However, this rise could not last long. The market slipped sharply in the last hour of the trading session. Nifty closed at the level of 23519. According to reports, there was talk of increasing tension between Russia and Ukraine. The market reacted to this. This tension increased when US President Joe Biden allowed Ukraine to target military sites in Russia. Ukraine used US long range weapons for the attack.

Siddhartha Khemka said that due to geo-political tensions, there was a jump in US bond yields, which had come down recently. Yesterday the broader market outperformed with midcap and smallcap gaining 1-1 per cent. Sectorally, metal, government banking and oil and gas indices also registered a rise.

He told that the shares of government companies were also in focus yesterday. Because there is a proposal of the Ministry of Finance, which can change the rules for dividend payment, share buyback and stock split. Actually, the purpose of this change is to improve the performance and capital management of equities. At the same time, selling continues from foreign institutional investors, who have sold shares worth Rs 31000 crore so far in November.

Stock market will be closed on Wednesday

The stock market is closed today on Wednesday. There is a holiday on the occasion of assembly elections in Maharashtra. Apart from Maharashtra, elections are also in Jharkhand on November 20. The impact of elections in the state can be seen on the market on Thursday. Its effect can be seen till the results are released by November 23. Siddharth Khemka said that the trend of fluctuations in the market may continue in the near term. Important triggers for this include increasing global geo-political tension and the current assembly elections.

Buying in the stock market on Tuesday

The stock market saw greenery on the second day of the trading week. The market's major index Nifty has closed positive after 7 days. Sensex also jumped 240 points to reach 77,578. Nifty closed at 23,518 with a gain of 64 points. Intraday, Nifty made a high of 23,780 and Sensex 78,451

The maximum buying in the market was done in the IT sector including auto, pharma. M&M's stock was the top gainer in Nifty with a gain of more than 3 percent. At the same time, stocks of SBI Life, RIL, Hindalco were the top losers, slipping by 2-3 percent.