new Delhi. The stock market is witnessing an early fall in the last session of the week. Today GDP figures are to be released. Along with this, signs of foreign markets are also weak. It is for these reasons that investors are taking a cautious approach to the market. In today's trade, the Sensex is down by 159 points at 32041 level and Nifty is down by 68 points at 9422 level.
The market is eyeing the GDP figures today. The government will announce the GDP figures for January-March today. Along with this, US President Trump will also hold a press conference today. It is speculated that Trump may make a statement on the issue of Hong Kong. The market is waiting for both these signals.
On the other hand, signals from foreign markets are currently negative. US markets closed with a fall on Thursday. At the same time, there is pressure in Asian markets due to ongoing concerns about Hong Kong. Japan's Nikkei has fallen by half a cent in early trade. Hong Kong's main index, Hangseng, has fallen more than 1.5 percent. China's markets are also seeing a decline.
In the opening trade, all other sectors except the FMCG sector are trading with a decline. The FMCG sector index is up about half a percent. On the other hand, banking sector index, IT and metal sector index are seeing a decline of more than 1 percent.
Today 3M India, Dilip Buildcon, Iquitas, Everest Industries, Jubilat Life Sciences, KEC, Lemon Tree, Shipping Corporation, RCF, V-Mart, and Voltas will release their results.
This post was published on May 29, 2020 11:21 am
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