The Sensex has fallen by about 1,300 points today.
Share Market Today: The Sensex has fallen by about 1,300 points today. The Sensex is currently present at $ 57,472. Whereas Nifty is currently close to 17,130 points on Friday. Both Kotak Bank and HDFC have seen a decline of 2 per cent. With this, today’s eyes are also on the shares of RIL. After the cancellation of Reliance’s deal with Aramco, all eyes are on the shares of the company.
Meanwhile, Asian stocks have reached their biggest fall in two months this week. At the same time, safe-haven assets such as bonds and yen have seen a rise. This is because of concerns about future growth due to the arrival of new virus variants and high interest rates in the US. At 10 o’clock in the morning, about 972 stocks have risen. There is a decline in 1830 shares, while there is no change in 93 shares.
Tarsons products listed with 3% premium
Large life sciences company Tarsons Products made its debut on the stock market on Friday. Its share is listed on NSE at a premium of 3 per cent to Rs 682 per stock. Its IPO issue price is Rs 662 per share. Shares of Tarsons Products were trading at Rs 708 per share on BSE.
According to stock market experts, Indian markets are giving their feedback on the new variant of Corona that surfaced in South Africa last day. The reason behind this is to create an environment of lockdown in some European Unions. Traders are selling high risk assets like equities out of fear, resulting in increasing equity outflow from FIIs.
According to experts, investors need not panic
According to experts, there is no need for investors to panic in the Indian stock market and investors should see this selloff as a buying opportunity. He said that the new variant should not be of great concern to Indian investors. Risk-averse investors should start investing more money in the markets if they had not done so earlier.
Stock market experts say that weak Asian markets are also behind the fall in the Indian stock market. Traders are worried after WHO alerted them about the variants of the new corona. There is some fear in them because bad debt has been talked about in the ICRA report. And the rules of gradation may increase the non-performing assets of non-banking finance companies (NBFCs) in the country.
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