Wednesday, August 21, 2019

Soft Start, CG Power 20% Broken

Best Equity Tips Provider says, the domestic stock markets got mixed on Wednesday, but the major indices slipped into the red mark. The economy, which is facing an economic crisis, is also awaiting concrete reforms. Investors' eyes are also fixed on when and what relief the government gives. According to Rudra Investment expert, "Investors are waiting for relief from the government. However, they are also taking care of market health in the near future. We recommend that investors use the market downward trend You should buy strong stocks. "


At 9.30 am, the BSE Sensex was trading at a level of 37,301 with a slight drop of 27 points or 0.07 per cent. At the same time, the Nifty 50 index was also recorded at 11,001 with a weakness of 16 points or 0.14 per cent.

US stock markets disappointed on Tuesday. The Dow Jones climbed 0.66 percent, while the S&P 500 index lost 0.79 percent. The Nasdaq Composite ended the session with a dive of 0.68 per cent.

The BSE Midcap and Smallcap indices declined by half a percent. Most of the BSE sector indices started the session with a red mark. Only the IT, Tech and Utilities indices registered rapid growth. Realty and metal indices were broken up by one percent each.

On the BSE Sensex, Yes Bank shares gained 4.07 per cent to Rs 68.35. Tata Motors shares fell 2.63 per cent to Rs 120.55. Shares of Vedanta, Tata Steel and ONGC lost 2.04 per cent, 1.12 per cent and 0.80 per cent, respectively.

On the other hand, Infosys shares rose 0.93 per cent to Rs 800.25. Shares of Hero Motocorp gained 0.89 per cent to Rs 2,693. The shares of Tech Mahindra, Sun Pharma and Tata Consultancy Services gained 0.82 per cent, 0.69 per cent and 0.66 per cent respectively.

The shares of CG Power, which were caught in allegations of financial disturbances, were again hit the lower circuit and the shares slipped down to 20 per cent. Oberoi Realty shares saw the weakness of up to 4%. The Income Tax Department has raided the company's vendor.

On Tuesday, Foreign Portfolio Investors (FPIs) made a significant investment in the Indian stock market. During the last session, he bought a net worth of Rs 373.23 crore in the domestic market. Domestic Institutional Investors (DII) also invested a net Rs 296.41 crore.