On Tuesday, the Indian stock market had a good start with both the Nifty 50 and Sensex indexes going up. This happened even though HCLTech’s stock dropped a lot about 9% after its Q3 results came out and didn’t meet expectations. A brokerage firm even lowered their rating for HCLTech stock because of these results.
The Nifty 50 opened at 23,199.55 which was up by 113 points and the Sensex opened at 76,700.22 up by 370 points. This shows that investors were generally feeling positive probably because of good news from around the world. It is interesting that even a big drop in one company’s stock couldn’t stop the overall market from having a positive start.
Some people are saying we might see a market correction soon. They think the market might be too high right now and could drop. This means that even with the good start and global news, there is some worry about what might happen. The stock market is always changing and lots of things can affect it.