Categories: Business

After the initial decline, the market remained limited, the Sensex remained above 38000 and the Nifty 11200

Stock market today
Image Source: GOOGLE

new Delhi. The last trading session of the week saw recovery after the initial fall in the stock market. However, recovery was limited under pressure from foreign and domestic signals and major indices closed close to previous levels. The Sensex managed to stay above the 38,000 and Nifty 11200 levels at the end of the week with limited gains. In Friday trading, the Sensex gained 15 points to 38041 and the Nifty gained 14 points to close at 11214. After yesterday's fall, on Friday, the public sector banks were able to achieve the most gains.

There are indications today from markets around the world. There has been a sharp increase in exports from China. However, after the US indicated signs of banning Chinese tech companies, the Chinese market fell by nearly 2 per cent. At the same time, Japan's markets have also seen a decline. In the next few days, due to the possibility of a trade war between China and the US, China's business data did not have a significant impact on investors. At the same time, in India, the figure of corona patients has crossed the psychological level of 20 lakhs. Which showed the pressure in the market. However, the rise in Reliance Industries even today helped the index recover and the major indexes managed to close in the green mark after the initial decline.

Public sector banks saw the maximum increase in today's business. The index closed up 1.2 percent. At the same time, the index of metal and private sector banks increased by close to 0.85 per cent. The auto sector, FMCG and energy sector index rose about 0.6 percent. On the other hand, there has been a decline of 1.06 per cent in the IT sector, 0.66 per cent in the pharma sector and 0.34 per cent in the realty sector.

This post was published on August 7, 2020 4:25 pm

Content Team

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