Rudra Investment Free Share Market Tips expert report says, The impact of rising weakness in the Asian markets is also seen on the domestic stock market. Selling in mid-caps and small-caps increased during the business, due to which the market has lost the initial growth. During the turnover, BSE dropped 100 points from the upper levels to 35547 level.
At the same time, the Nifty has dropped 1 point to 10771 level. At the start of the business, the Sensex was more than 100 points stronger, while the Nifty was also trading across 10800. During the trading, Nifty 7 out of 11 Indexes went into the red mark. PSU bank and pharma stocks have seen a decline.
Global trade war erupted after the trade war between US-China. At the meeting on June 22, there is no consensus on the issue of increasing crude production. Some countries including Iran have indicated to oppose it.
There is a pressure in markets around the world. Domestic investors are cautious because there is no strong sentiment on global signals and domestic level. Midcaps and small Caps are sold out. Because of which the market has lost the initial edge.
What stocks fall, the boom in
During the business, ICICI Bank, Adani Ports, Tech Mahindra, HUL and IOC stocks are up 2.28 per cent in heavyweights. At the same time, stocks of InfraL, GAIL, Power Grid, UP and Dr Reddy dropped 1.88 per cent. On the BSE, PFS, Wakranagi, Indigo, CG Power have gained 5.54 per cent in the stock, while the quality, Avanti Feeds and Vaal Corp stock dropped by 3.65 per cent.
Sharp fall in bank and pharma index
According to the Free Share Market Tips expert, During trading, 6 out of 11 coolies in Nifty are doing business in red mark. PSU Bank Index is 0.64 per cent, Pharma Index is 0.44 per cent, Realty 0.18 per cent, FMCG 0.26 per cent and Auto 0.07 per cent. At the same time, the Nifty is 0.05% in the bank, 0.21% in the private bank index, 0.05% in the metal and 0.01% in IT.
Combined business in American-Asian markets
On Wednesday, mixed markets in the US markets were seen. In Wednesday's trading session, Dow Jones closed 42.41 points, i.e. 0.17 percent at 24657.80. On the other hand, the Nasdaq climbed 55.93 points, ie 0.72 per cent to 7,781.51. The S & P 500 index closed at 2767.32 with the strength of 4.73 points i.e. 0.17 percent.
At the same time, in the Asian markets, there is a mixed business. The SGX Nifty is trading in the red mark today. On Thursday, Nikkei was up 132 points and Taiwan Weighted up 34 points. At the same time, 8 points in the Straight Times, 187 points in Hong Kong, 8.43 points in KOSPI and 6 digits in Shanghai composite fall.
Rupee drops 13 paise to weaken
Due to the signs of the emergence of emerging market assets, rupee opening weakness in the Forex market on Thursday. Rupee drops 13 paise to 68.20 per dollar, compared to the dollar. According to dealers, the Indian currency is estimated to get registrations at $ 67.96 per dollar. He said that during the day's business the range of Indian currency could be 67.95-68.25 dollars. Earlier on Wednesday, the rupee closed at 68.08 level with a weakness of 30 paise.
At the same time, the Nifty has dropped 1 point to 10771 level. At the start of the business, the Sensex was more than 100 points stronger, while the Nifty was also trading across 10800. During the trading, Nifty 7 out of 11 Indexes went into the red mark. PSU bank and pharma stocks have seen a decline.
Global trade war erupted after the trade war between US-China. At the meeting on June 22, there is no consensus on the issue of increasing crude production. Some countries including Iran have indicated to oppose it.
There is a pressure in markets around the world. Domestic investors are cautious because there is no strong sentiment on global signals and domestic level. Midcaps and small Caps are sold out. Because of which the market has lost the initial edge.
What stocks fall, the boom in
During the business, ICICI Bank, Adani Ports, Tech Mahindra, HUL and IOC stocks are up 2.28 per cent in heavyweights. At the same time, stocks of InfraL, GAIL, Power Grid, UP and Dr Reddy dropped 1.88 per cent. On the BSE, PFS, Wakranagi, Indigo, CG Power have gained 5.54 per cent in the stock, while the quality, Avanti Feeds and Vaal Corp stock dropped by 3.65 per cent.
Sharp fall in bank and pharma index
According to the Free Share Market Tips expert, During trading, 6 out of 11 coolies in Nifty are doing business in red mark. PSU Bank Index is 0.64 per cent, Pharma Index is 0.44 per cent, Realty 0.18 per cent, FMCG 0.26 per cent and Auto 0.07 per cent. At the same time, the Nifty is 0.05% in the bank, 0.21% in the private bank index, 0.05% in the metal and 0.01% in IT.
Combined business in American-Asian markets
On Wednesday, mixed markets in the US markets were seen. In Wednesday's trading session, Dow Jones closed 42.41 points, i.e. 0.17 percent at 24657.80. On the other hand, the Nasdaq climbed 55.93 points, ie 0.72 per cent to 7,781.51. The S & P 500 index closed at 2767.32 with the strength of 4.73 points i.e. 0.17 percent.
At the same time, in the Asian markets, there is a mixed business. The SGX Nifty is trading in the red mark today. On Thursday, Nikkei was up 132 points and Taiwan Weighted up 34 points. At the same time, 8 points in the Straight Times, 187 points in Hong Kong, 8.43 points in KOSPI and 6 digits in Shanghai composite fall.
Rupee drops 13 paise to weaken
Due to the signs of the emergence of emerging market assets, rupee opening weakness in the Forex market on Thursday. Rupee drops 13 paise to 68.20 per dollar, compared to the dollar. According to dealers, the Indian currency is estimated to get registrations at $ 67.96 per dollar. He said that during the day's business the range of Indian currency could be 67.95-68.25 dollars. Earlier on Wednesday, the rupee closed at 68.08 level with a weakness of 30 paise.
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