The stock market closed down today. The Sensex fell 166 points to close at 80,543. The Nifty fell 75 points to close at 24,574. The bank Nifty rose 50 points to close at 55,411. The rupee strengthened 7 paise to close at 87.69. The effect of this selling was seen the most on IT, media and pharma sector today. The Nifty index of these sectors closed down by more than one per cent. Today, only the Nifty PSU bank closed in the green mark in the entire market.
Nifty in 50 profit
Asian Paints 2.3%
HDFC Life 1.9%
Bell 0.8%
Adani Ports 0.6%
Effect of results
Concor -4%
Britania -4.1%
Godavari Power and Steel -4.4%
Evelyon Tech +3.7%
Sins
Estra Micro +4.6%
Force Motor +1.8%
Allied Digital +1.3%
Iinox wind -2.6%
Today’s listing
Mr. Lotus 31%
NSDL 17%
M&B engineering 6%
In the most damage
Anoop Engineering -6.7%
Transformer and rectifiers -6.4%
Ixigo -6%
Sharda Cropkem -6.3%
Top benefits
Zinka Logistics 15%
Transrel 12%
Godfrey Philips 10%
Sarada Energy 6.7%
Morning started with a decline
The business started with a slight decline in the stock market today. The Sensex opened 16 points to 80,694. The Nifty fell 8 points to open at 24,641. Bank Nifty fell 31 points to open at 55,329. The rupee opened at 87.78 as compared to 87.83.
Monetary policy impact on market
When the central bank announced the monetary policy at 10 am, it was announced that there would be no change in the repo rate. Investors hoped that there could be changes. This news shook the market twice. The market, which was struggling with fear of tariff, declined again after a little recovery. After the repo rate decision, the Sensex fell over 100 points. American President Donald Trump has once again furious on the purchase of oil from Russia by India. Trump has openly warned that if India does not stop purchasing crude oil from Russia, the US will increase the tariff within the next 24 hours. Not only this, Trump has threatened to increase tariffs on Indian pharma products by 250% in the next one year. Also, it is also said that tariffs will be announced on semiconductor and chip products next week.
Robbay in global markets
This sharp language of Trump has created restlessness in global markets. Heavy pressure was observed in the US markets. Nasdaq closed near the lowest level of the day with a decline of about 150 points, while Dow Jones closed down by 60 points. Businessmen feared that the impact of Indo-US trade tension will deepen on Tech and Pharma sector. It also saw the impact on Asian markets and domestic indicators. The gift Nifty fell 50 points to close to 24,650. Dow futures are currently stable, while Japan’s Nikkei is trading with a slight lead. There is also an atmosphere of instability in the domestic market.
What is the condition of gold and silver?
Meanwhile, gold and silver have once again set a record. Gold reached a new record level of ₹ 1,01,579, while silver gained ₹ 3,300 to close above ₹ 1,10,000. Gold and silver also increased in the international market. At the same time, crude oil fell 1.5% to below $ 68 per barrel. Today at 10 am, RBI’s monetary policy is coming. According to Zee Business Expert Poll, 60% of experts are expecting stability in interest rates, while 40% are looking at the possibility of deduction of 25 basis points. Its mega coverage will begin at 9:45 am on Zee business.
