Best Stock Research Advisory Company, On Monday, the domestic stock markets started the session with great speed, but soon they returned to the red mark. On Friday, Finance Minister Nirmala Sitharaman announced several reliefs. They energized the markets, but the global weakness prevailed only minutes after the start of the session. Despite the fall in crude oil prices, the rupee registered weakness. Foreign investors are constantly pulling money from the market. It is believed that the announcements made by the Finance Minister can give relief to the market in the short term, but it is difficult to get the basic strength of the economy.
At 9.30 am, the BSE Sensex gained 198 points or 0.51 per cent to record 36,890 levels. At the same time, the Nifty 50 index was also seen trading at 10,901 with a gain of 72 points or 0.66 per cent. But soon both indices slipped into the red mark.
On Friday, the US stock markets recorded a major decline. The Dow Jones tumbled by 2.37 percent, while the S&P 500 index lost 2.59 percent. The Nasdaq Composite finished the week trading with a dive of 3 per cent.
The BSE Midcap and Smallcap indices recorded a rise of half a percent to three-fourth percent. Most of the BSE sector indices were trading in the green mark. Realty, bankx and finance indices showed a rise of one to one and a half percent. The metal index dived up to 3 percent.
State Bank of India shares rose 3.39 percent to Rs 280.30 on the BSE Sensex. Mahindra & Mahindra shares rose 2.42 per cent to Rs 546. Shares of HDFC, HDFC Bank and Bajaj Finance rose to 2.31 per cent, 1.83 per cent and 1.59 per cent respectively.
On the other hand, Tata Steel shares fell 4.50 per cent to Rs 329.30. Shares of Vedanta plunged 4.35 per cent to Rs 131.50. IndusInd Bank, Sun Pharma and HCL Technologies lost 1.40 per cent, 1.33 per cent and 1.22 per cent, respectively.
The selling of foreign portfolio investors (FPIs) continued on Friday. During the last session, he pulled net worth Rs 1737.2 crore from the domestic stock market. However, domestic institutional investors (DII) made net purchases of Rs 1548.49 crore.
At 9.30 am, the BSE Sensex gained 198 points or 0.51 per cent to record 36,890 levels. At the same time, the Nifty 50 index was also seen trading at 10,901 with a gain of 72 points or 0.66 per cent. But soon both indices slipped into the red mark.
On Friday, the US stock markets recorded a major decline. The Dow Jones tumbled by 2.37 percent, while the S&P 500 index lost 2.59 percent. The Nasdaq Composite finished the week trading with a dive of 3 per cent.
The BSE Midcap and Smallcap indices recorded a rise of half a percent to three-fourth percent. Most of the BSE sector indices were trading in the green mark. Realty, bankx and finance indices showed a rise of one to one and a half percent. The metal index dived up to 3 percent.
State Bank of India shares rose 3.39 percent to Rs 280.30 on the BSE Sensex. Mahindra & Mahindra shares rose 2.42 per cent to Rs 546. Shares of HDFC, HDFC Bank and Bajaj Finance rose to 2.31 per cent, 1.83 per cent and 1.59 per cent respectively.
On the other hand, Tata Steel shares fell 4.50 per cent to Rs 329.30. Shares of Vedanta plunged 4.35 per cent to Rs 131.50. IndusInd Bank, Sun Pharma and HCL Technologies lost 1.40 per cent, 1.33 per cent and 1.22 per cent, respectively.
The selling of foreign portfolio investors (FPIs) continued on Friday. During the last session, he pulled net worth Rs 1737.2 crore from the domestic stock market. However, domestic institutional investors (DII) made net purchases of Rs 1548.49 crore.
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