Poor Start Of The Stock Market, Sensex Opened In Red Mark
Poor start of the stock market, only select stocks including Maruti are on the green mark.
Sensex had a weak start again on Friday. While the main index of BSE opened lower at 57,488 points from the previous closed session, Nifty 50 opened slightly up at 17,236 points.
Sensex was trading down 105 points at 57786. Talking about the shares of the green mark, Maruti was at the top. At the same time, Wipro, Tech Mahindra was included in the loss.
There was day-long volatility in the stock market on Thursday.
Earlier on Thursday, after the day’s volatility, the domestic stock markets closed in the red mark.
Heavy selling pressure in the banking group remained on the market throughout the day and finally, the 30-share sensitive index Sensex of BSE closed at 57,892.01 points, down 0.18 percent or 104.67 points.
The Nifty of the National Stock Exchange also closed at 17,304.60, down 0.10 percent, or 17.60 points.
Poor start of the stock market: Sensex opened in red mark.
In the opening session, the Sensex opened in the red mark, but it came in the green mark in the afternoon on the basis of buying in big companies like HDFC and Reliance.
In the afternoon, the selling phase started again. The shares of ICICI Bank, which suffered a loss of crores in the ABG Shipyard case, fell the most. Selling was also seen in Axis Bank and UltraTech Cement.
19 out of 30 companies in red mark.
19 out of 30 companies of BSE remained in the red mark and 11 in the green mark. Investors were also indifferent towards small and medium companies in BSE, due to which their index also declined.
ICICI Bank and Axis Bank also suffered the most in NSE. Out of 50 Nifty companies, 23 closed in the red mark and 17 remained in the green mark.
GST on Petrol-Diesel, know what Nirmala Sitharaman said-
Finance Minister Nirmala Sitharaman has said that retail inflation is completely under control and as RBI has said that retail inflation will come down from next month, she also agrees.
She said that the ceiling of retail inflation is 4 percent and there is a flexibility to go up and down two percent in it.
In this sense, it is 6 percent and during the last 7 years of BJP’s rule, the retail inflation rate has gone above 6 percent only six times.
The Finance Minister said that petrol and diesel are already under the purview of GST.
Only the consent of the GST Council is required to fix the GST rate on them, which will be done in consultation with the states in the council meeting.
