Before the week The stock market has a weak start on the business day on Monday. The BSE Sensex has broken 217.28 points to 77,642.91 points. At the same time, NSE Nifty has fallen by 75.00 points to 23,484.95 points. If you look at the climbing shares, then there is a boom in Mahindra, SBI, ITC and Airtel. At the same time, there is a major decline in Tata Steel, Power Grid, NTPC and HDFC. 25 out of 30 shares in the Sensex are trading in red mark. Let us tell you that the impact of Donald Trump’s announcement of 25% duty on all steel and aluminum imports in the US is visible on the markets around the world including India today. Metal stocks are trading with a major decline. There is also a decline in pharma stocks after metal.
Let us tell you that the stock market closed in red mark on Friday even after the Reserve Bank of India (RBI) announced a 0.25 percent reduction in the repo rate. The 30-share index of BSE had fallen 197.97 points to close at 77,860.19 points in the Sensex fluctuating trading. The National Stock Exchange (NSE) standard index Nifty also fell 43.40 points to close at 23,559.95 points.
Global markets also decline
Among the 30 companies listed in the Sensex, Tata Steel, Power Grid, NTPC, Zomato, Sun Pharma and Bajaj Finance shares remained the biggest decline. Bharti Airtel, Hindustan Unilever, State Bank of India and Nestle were in profit. In the Asian markets, Japan’s Nikki, South Korea’s Capsy and Hong Kong’s Hangseng were in decline, while China’s Shanghai Composite was in profit. The American markets were closed with a negative attitude on Friday. International standard Brent crude rose 0.56 percent to $ 75.08 per barrel. According to the stock market data, foreign institutional investors (FIIs) were selling on Friday and purely sold shares worth Rs 470.39 crore.
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