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Mon Nov 11 07:23:26 UTC 2024: ## Indian Stock Market Opens Lower on November 11, 2024, Following Global Weakness

**Mumbai, India:** The Indian stock market opened lower on Monday, November 11, 2024, mirroring a negative trend in Asian markets. The benchmark indices, Sensex and Nifty, fell by 400 points and 118 points, respectively. The fall was anticipated after the Gift Nifty index indicated a downward opening.

Midcap and Smallcap indices also opened in the red. The fall was attributed to weak global signals, with Asian markets experiencing declines.

**Asian Paints** saw a steep fall, dropping by as much as 9%, after several brokerage houses lowered their target prices following the company’s disappointing quarterly earnings. The stock was trading at ₹2539, down by 8.34%.

**Maruti Suzuki** was another stock in focus, with the company launching a new model of its popular Dzire car.

**Sectoral performance:** Banking, FMCG, Energy, Consumer Durables, Oil & Gas, Healthcare, Real Estate, and Media sectors opened lower. However, the Auto, IT, and Pharma sectors saw some buying interest.

**Top Gainers:** Power Grid, Tata Motors, Maruti Suzuki, TCS, HCL Tech, Infosys, and NTPC were supporting the market with their gains.

**Asian Market Performance:** Nikkei was down 0.39%, Straits Times 0.47%, Hang Seng 2.35%, Taiwan 0.68%, KOSPI 1.27%, and Shanghai Composite also traded in the negative territory.