Categories: Business

Stock market fall on weak global cues

Photo: GOOGLE

stock market today

new Delhi. After the uncertainty about recovery in economies across the world, the impact of the decline in foreign markets is also visible in Indian stock markets today. Uncertainty among investors about the domestic economy has increased as Corona's cases continue to grow. In Thursday's trade, the Sensex lost 394 points to end at 38220 and the Nifty fell by 96 points to end at 11312.

According to the working statement released yesterday of the US Federal Reserve meeting, the authorities have feared a fast recovery in the economy, while yesterday the World Bank has indicated that they are in anticipation of further decline in India's economy. Can review. Given all these signs, the domestic stock markets have seen a decline today. Indian markets were seeing an upward trend for the last three days. In these three days, the market has risen by more than 700 points, that is, despite today's decline, so far this week the market has remained in the lead.

Today, foreign markets have seen a downward trend following fears of the Federal Reserve. All major Asian markets closed down. China's Shanghai Composite closed down 1.3 percent, Hong Kong's Hang Seng 1.54 percent, Japan's Nikkei 1 percent and Taiwan's TSEC 50 index down 3.26 percent. At the same time, the European market has also recorded an initial decline. At the close of the domestic stock market, the markets of England, France and Germany were trading down by more than 1 per cent.

35 stocks in the Nifty closed today with a fall. Of this, the decline of 19 stocks was more than the day's fall (0.84%) of the Nifty. 4 stocks closed more than 2 percent while 17 stocks closed down by 1 percent. 8 stocks closed up more than 1 percent. Stocks with the highest gains in today's business included NTPC (6.87%), ONGC (3.33%), PowerGrid (2.59%). Among the stocks that fell, Tata Motors (-2.64%), HDFC (-2.28%) and Axis Bank (2.16%) were the biggest losers.

This post was published on August 20, 2020 4:34 pm

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