The Sensex opened at a level of 54422.44, down 70.40 points (0.13 per cent) in early trade. On the other hand, Nifty opened at 16283.50 with a decline of 11.10 points (0.07 per cent). Last week, the BSE 30-share Sensex fell 388.96 points or 0.73 per cent. In early trade, 1066 shares rose, 580 shares declined and 92 shares remained unchanged.
Major announcements of RBI
RBI has not made any change in the repo rate. It remains at 4 per cent. That is, customers have not got any new relief on EMI or loan interest rates. Along with this, the Marginal Standing Facility (MSF) rate and the bank rate are also stable at 4.25 per cent. In the current financial year, the country’s real GDP has been estimated to grow by 9.5 percent. It will be 21.4 per cent in the first quarter of this fiscal, 7.3 per cent in the second quarter, 6.3 per cent in the third quarter and 6.1 per cent in the fourth quarter. Whereas in the financial year 2022-23, the real GDP of the country can be 17.2 percent. On inflation, Das said that in the financial year 2021-2022, the CPI can be 5.7 percent. It was estimated at 5.1 per cent in the last meeting.
condition of big stocks
Talking about the big stocks, during the early trade today, Asian Paints, Reliance, UltraTech Cement, Hindustan Unilever, HDFC Bank, L&T, Bajaj Finserv, Bajaj Finance, HDFC, Tech Mahindra, Sun Pharma, SBI, M&M, Shares of ICICI Bank, NTPC, Maruti and IndusInd opened on the green mark. On the other hand, the shares of Bharti Airtel, Nestle India, Kotak Bank, ITC, HCL Tech, Dr Reddy’s and Titan opened on the red mark.
This was the condition of the stock market during the pre-open
During the pre-open at 9.02 am, the Sensex was up 98.29 points (0.18 per cent) at the level of 54591.13. While the Nifty was down 27.60 points (0.17 per cent) at 16267.00.
Market capitalization of six of the top 10 Sensex companies decreased
Last week, the market capitalization of six of the top 10 Sensex companies lost a total of Rs 96,642.51 crore. Mukesh Ambani-led Reliance Industries suffered the most. Reliance ranks first among the top 10 companies in terms of market capitalization. This is followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, HDFC, SBI, Bajaj Finance and Kotak Mahindra Bank respectively.
The market was open at a record level on the last trading day
The Sensex opened up 68.14 points (0.13 per cent) on the last trading day at 54,437.91. Nifty opened at 16,272.60 with a gain of 13.80 points (0.08 per cent).
Sensex-Nifty closed on the edge on Thursday
On Thursday, the stock market closed on the edge after the day’s ups and downs. The Sensex closed at 54,492.84, up 123.07 points (0.23 per cent). On the other hand, Nifty closed at 16,294.60 with a gain of 35.80 points (0.22 per cent).
Disclaimer: This post has been auto-published from an agency/news feed without any modifications to the text and has not been reviewed by an editor.