Mumbai: The stock market opened with an edge on Monday, the first trading day of the week. In early trade, the Bombay Stock Exchange (BSE) index Sensex gained 253.33 points, or 0.65 percent, to trade at 38950.38. The Nifty at the National Stock Exchange (NSE) was trading at 11487.80 with a strength of 0.62 percent or 70.85 points. The growth of the Bajar continues.

At 9.29 a.m., the Sensex gained 395.35 points (1.02 percent) to 39092.41 and the Nifty gained 109.50 points (0.96 percent) to trade at 11526.45. On October 2, Friday, the Indian stock market was closed due to Gandhi Jayanti. This week, investors will look at coronavirus infection data and developments related to the US presidential election. US President Donald Trump and his wife Melania Trump are suffering from coronavirus.

Some of the developments before the election are likely to affect Trump's election campaign.  According to Vinod Nair, research chief of Geojit Financial Services, "The market will take direction from the Supreme Court hearing on the announcement of stimulus measures in the US and the ban on debt payments. Today, the Supreme Court will hear an appeal for interest concession during the loan payment period. In addition, investors will be looking at the PMI data of the service sector, rupee fluctuations, and crude oil prices.

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