Categories: Business

Stock market ends in red ahead of GDP number


stock market today

new Delhi. The domestic stock market has seen a sharp decline before GDP figures. In the first trading session of the week, the Sensex closed down by 839 points at 38628 and the Nifty fell by 260 points at 11387. GDP numbers are to be released after the stock market closes. With today's decline, the process of continuous growth in the market for 6 consecutive days has also stopped. Investors today thought it better to exit the market, given the possibility of a sharp decline in the economy.

Today's trading in the stock market started with an edge. In early trade itself, the Sensex crossed the 40 thousand level and touched the highest level of 40010. During this period, the Sensex saw a gain of 547 points from the previous closed level. However, after this the stock market started to decline continuously. The Sensex closed down 1386 points from its highest levels.

Today's business has witnessed an all-round decline. The biggest decline has been in the stocks of public sector banks. The index closed 4.77 percent down. Reality sector index closed 4.44 percent, Pharma sector index 4.67 percent, Banking sector index 3.14 percent, Auto sector index fell 3.35 percent.

This post was published on August 31, 2020 4:27 pm

Content Team

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