Categories: Business

Stock market ends in red for second straight day


stock market today

new Delhi. Prior to the third part of the economic package, the stock market recorded a limited decline with recovery from lower levels. In today's business on the stock market, the Corona epidemic, the US China trade war, relief packages were affected by many things. For this reason, sector and stock spectrum trading was seen on the basis of news in the stock market. On the last day of the week, the Sensex fell 25 points to 31098 and the Nifty fell 6 points to 9137.

There is not much movement in the market regarding the first two economic packages. However, traders are still hoping for relief for the loss-making sector. MSMEs were announced in the first phase of the package and for the poor and laborers in the second phase. Looking at the direction of relief today, before the announcement of the third package, investors generally kept distance from the market and traded on the basis of stocks. The impact of foreign signals was seen on today's early trade. Uncertainty among investors has increased due to further escalation of tensions between China and the US, along with the Corona crisis. The US President has increased the possibility of increasing the US-China trade barrier by making the statement that he is not interested in talking to the President of China at present. However, after the lockdown opened on the other hand, China's economy figures have been positive. This also led to buying at lower levels in the stock markets across the world. At the same time, information related to the economic package in India is slowly coming out. In such a situation, the Indian stock market also saw trading on the basis of signals.

In today's business, the metal sector has closed with the biggest gains. The index has gained 1.4 percent. The FMCG sector closed with a slight increase. On the other hand, the banking sector index closed down 1.2 percent, auto sector 1 percent, financial services companies 0.75 percent, IT sector 0.54 percent, and pharma sector 1 percent.

This post was published on May 15, 2020 7:22 pm

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