Sensex Breaks Over 500 Points, Nifty Trading Below 11,200

Sensex breaks over 500 points, Nifty trading below 11,200. At 12:06 in the afternoon, the Sensex breaks 529.64 points to 37780.85 and the Nifty was down 145.30 to trade at 11155.15.

Today the last trading day of the week opened with the stock market rising. The Bombay Stock Exchange’s flagship index Sensex was up 110.97 points at 38421.46. At the same time, the National Stock Exchange’s Nifty opened with a gain of 34.85 points at 11335.30.

At 2:16 pm, the Sensex lost 529.64 points to 37,780.85 and the Nifty was down 145.30 to trade at 11,155.15. From 50 stocks of Nifty, 9 stocks were trading in green mark and 41 stocks in red mark.

All stocks except SUNPHARMA, INFY, TATASTEEL and NTPC were found to be trading in red mark in SENSEX.

The stock market closed down on the previous trading day. The Sensex was down 59.14 points at 38310.49 and the Nifty lost 7.95 points to close at 11300.45. At 10:15 in the morning, the Sensex was up by 169.55 points at 38,480.04 and the Nifty was up 44.70 points at 11,345.15.

Talking about the big stocks, today the shares of L&T, Infratel, GAIL, BPCL, TCS, Doc Reddy, Wipro, Adani Ports, SBI and Bharti Airtel opened on the green mark. Tech Mahindra, HCL Tech, HDFC Bank, Titan, Maruti, and Power Grid opened on the red mark.

Inflation

Despite the rise in prices of food and beverages, wholesale inflation declined by 0.58 percent in July. Wholesale inflation was at (-) 1.81 percent in June, while it was at (-) 3.37 percent in May and (-) 1.57 percent in April.

“The annual rate of inflation based on the monthly wholesale price index (WPI) stood at (-) 0.58 percent in July, compared to 1.17 percent in the same month last year,” said a statement issued by the Ministry of Commerce and Industry. Was.

In July, the wholesale food inflation stood at 4.08 percent, compared to 2.04 percent in June. However, the price of fuel and electricity declined by 9.84 percent in July. The figure stood at 13.60 percent in June.