Today, Friday, December 5, there is not much movement in the Indian stock market. Sensex is trading 464 points down at 85,729, while Nifty is up 152 points at 26,185. 15 out of 30 Sensex stocks are trading down, and 26 out of 50 Nifty stocks are also down. In today’s trading session, selling pressure is being seen in media, metals and pharma sectors, while strong buying is being seen in auto, IT and realty sectors.
South Korea (KOSPI) is up 0.62% at 4 thousand 53 points. Whereas Japan (Nikkei) is down by 1.10 percent at 50,465. Along with this, if we talk about Hong Kong, it has fallen by 0.50 percent to 25 thousand 805.
Dow Jones fell 0.067 percent and closed at 47 thousand 851. With this, Nasdaq increased by 0.22 percent to 23 thousand 505. Also, S&P 500 increased by 0.11 percent and closed at 6 thousand 857.
On December 4, Foreign Institutional Investors (FIIs) sold shares worth ₹1,944 crore, while Domestic Institutional Investors (DIIs) bought shares worth ₹3,661 crore. In the first four days of December, FIIs have sold shares worth ₹9,965 crore, while DIIs have bought shares worth ₹15,596 crore. This shows that the market is getting support from domestic investors.
Bank of America has set a target of 29,000 for Nifty by 2026, which is 11% more than the current level. The brokerage firm says that there is no possibility of a big increase in valuations, but growth in corporate earnings can lead to market recovery.
On Thursday, December 4, the Sensex closed 159 points higher at 85,265, and the Nifty also closed 48 points higher at 26,034. 20 out of 30 Sensex stocks and 34 out of 50 Nifty stocks closed in the green. Auto, IT and realty sectors performed particularly well, while media stocks fell 1.45%.

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