Rudra Investment Stock Market Expert report says The signals from the global market started flat on the domestic stock market on Friday. Actually, there is a possibility of the trade war between the US and China. This led to the sale of metal, bank and IT stocks, which made pressure on the market. Heavyweight Infosys, SBI, TCS, HUL, Maruti have a downward trend. However, Reliance Industries, ONGC, HDFC, ITC and HDFC Bank are seeing an edge.
Earlier, the Sensex rose by 12 points to 33,609 points. On the other hand, the Nifty fell 2 points to 10,323 levels. US President Donald Trump has proposed to impose additional duty on imports of up to $ 100 billion from China. Let America know that China has already put up to $ 60 billion in duty. In response, China has also imposed a duty on an American product.
Midcap, Smallcap stocks also rolled
Even mid-caps and smallcap stocks are showing the decline. BSE's mid-cap index dropped 0.27 percent. BSE's Smallcap Index was down 0.18 percent.
Among the mid-cap stocks, RCom, UBL, IGL, Future Retail, Oberoi Realty, Godrej Industries, ABB, LTI, 3M India, Mfasis, Bajaj Holding, MRPL have increased 0.99-3.64%. However, Vikrami, Muthoot Finance, Ramco Cement, Bank of India, Canara Bank, IDBI, Torrent Power, JSW Energy, MRF dropped to 4.99-0.99 percent.
Metal index rises most, realty rises
Talking about the sectoral index, Pharma, IT and Realty are trading in all index red marks except for the index. The fastest is seen in the Realty Index. The Bank Nifty is trading 0.23% down at 24,703.65 level. The worst decline has been recorded at 1.05 percent in the Nifty metal.
US market closed with the edge
In China and the US, concerns of trade-war decreased due to Thursday's rally in the US markets. America has opened its doors to talk to China. In Thursday's turnover, Dao Jones closed 24150 with a strength of 241 points at 24,505. Nasdaq closed at 7,077 with a gain of 34 points. The S & P 500 Index climbed 18 points to 2,663 level.
Binani Industries up over 8%
Binani Industries's stock rose 8.17 percent to Rs 109.85 In fact, the company has filed an application for termination of the insolvency resolution process by its subsidiary company, Binani Cement. Stocks have risen from this news.
RCom stocks up 7%
Anil Ambani-owned Reliance Communications (RCOM) has been relieved by the Supreme Court. The Supreme Court has cancelled the March order of the Bombay High Court, in which the court had refused to grant RCOM permission to sell relay tower assets. From this news, RCom's stock shot up 7 percent in Friday's trade. The stock on BSE rose by 6.85 percent to reach a high of Rs 24.95.
Rupee up 4 paise to open
On the last trading day of the week, the rupee has a strong start on Friday. The rupee was 4 paise stronger at 64.93 against the dollar. The reduction of projections to increase inflation in the country by RBI has strengthened the rupee. IBI has not made any change in the monetary policy repo rate. The rupee had closed 19 paise higher at 64.97 against the dollar on Thursday.
For More Info Visit Here: http://rudrainvestment.com/stock_cash.php
Earlier, the Sensex rose by 12 points to 33,609 points. On the other hand, the Nifty fell 2 points to 10,323 levels. US President Donald Trump has proposed to impose additional duty on imports of up to $ 100 billion from China. Let America know that China has already put up to $ 60 billion in duty. In response, China has also imposed a duty on an American product.
Midcap, Smallcap stocks also rolled
Even mid-caps and smallcap stocks are showing the decline. BSE's mid-cap index dropped 0.27 percent. BSE's Smallcap Index was down 0.18 percent.
Among the mid-cap stocks, RCom, UBL, IGL, Future Retail, Oberoi Realty, Godrej Industries, ABB, LTI, 3M India, Mfasis, Bajaj Holding, MRPL have increased 0.99-3.64%. However, Vikrami, Muthoot Finance, Ramco Cement, Bank of India, Canara Bank, IDBI, Torrent Power, JSW Energy, MRF dropped to 4.99-0.99 percent.
Metal index rises most, realty rises
Talking about the sectoral index, Pharma, IT and Realty are trading in all index red marks except for the index. The fastest is seen in the Realty Index. The Bank Nifty is trading 0.23% down at 24,703.65 level. The worst decline has been recorded at 1.05 percent in the Nifty metal.
US market closed with the edge
In China and the US, concerns of trade-war decreased due to Thursday's rally in the US markets. America has opened its doors to talk to China. In Thursday's turnover, Dao Jones closed 24150 with a strength of 241 points at 24,505. Nasdaq closed at 7,077 with a gain of 34 points. The S & P 500 Index climbed 18 points to 2,663 level.
Binani Industries up over 8%
Binani Industries's stock rose 8.17 percent to Rs 109.85 In fact, the company has filed an application for termination of the insolvency resolution process by its subsidiary company, Binani Cement. Stocks have risen from this news.
RCom stocks up 7%
Anil Ambani-owned Reliance Communications (RCOM) has been relieved by the Supreme Court. The Supreme Court has cancelled the March order of the Bombay High Court, in which the court had refused to grant RCOM permission to sell relay tower assets. From this news, RCom's stock shot up 7 percent in Friday's trade. The stock on BSE rose by 6.85 percent to reach a high of Rs 24.95.
Rupee up 4 paise to open
On the last trading day of the week, the rupee has a strong start on Friday. The rupee was 4 paise stronger at 64.93 against the dollar. The reduction of projections to increase inflation in the country by RBI has strengthened the rupee. IBI has not made any change in the monetary policy repo rate. The rupee had closed 19 paise higher at 64.97 against the dollar on Thursday.
For More Info Visit Here: http://rudrainvestment.com/stock_cash.php
No comments:
Post a Comment