After the ups and downs of the day, today is the last trading day of the week, i.e. Friday, the stock market is closed at the green mark. Earlier, the stock market closed at a red mark for five consecutive trading days. The Bombay Stock Exchange’s flagship index Sensex rose 6441.722 points, or 1.30 per cent, to 49858.24. At the same time, the Nifty on the National Stock Exchange rose 186.15 points, or 1.28 percent, to close at 14,744. Shares of 30 stocks on the BSE rose 3 in 38.76 points or 0.7878 percent in the previous week.
Investors have lost Rs 8 lakh crore due to the five-day decline
Equity investors have lost Rs 8 lakh crore in the last five days of capital decline. In the five days since the market slump, the market capitalization of BSE-listed companies has declined by Rs 8,04,216.71 crore to Rs 2,01,22,4366.755 crore. The US Federal Reserve, after its two-day meeting, has assured investors that it is optimistic that key interest rates will remain close to zero by 2023.
The same was true of older stocks
Speaking of large stocks, shares of Hindustan Unilever, NTPC, JSW Steel, UPL and Tata Steel closed at the green mark today. Tech Mahindra, Bajaj Auto, L&T, Coal India, and Titan stocks closed in the red.
Sectoral indicator tracking
If we look at the sectoral index, today, except for reality, all sectors are off the green mark. These include FMCG, Metal, IT, Auto, PSU Bank, Finance Services, Private Bank, Media, Banks and Pharma.
The Indian economy will grow by 12 percent in 2021: Moody
The country’s economy is projected to grow 12 percent in the 2021 calendar year, according to Moody’s Analytics. Moody’s says the near-term prospects for the Indian economy have become more favorable after a .1.1 percent decline last year. Moody’s analysts said on Friday that the country’s gross domestic product (GDP) growth rate for the quarter ended December 2020 was 0.4 percent. This performance is much better than expected. It was down 7.5 percent in the economy in the previous quarter, with Moody’s saying domestic and foreign demand has improved since the hooks were eased. It has also increased production output in recent months.
The market was open in red
The Sensex fell 244.16 points, or 0.50 per cent, to 48,972.36. At the same time, the Nifty opened 71.40 points or 0.49 percent lower at 14,486.50.
The stock market closed on Thursday
The stock market was closed in the red on Thursday. The Sensex fell 585.10 points, or 1.17 percent, to 49,216.52. At the same time, the Nifty closed 163.45 points or 1.11 percent lower at 14557.85.