Indian markets started the first day of the week with a slight decline. At present, the Bombay Stock Exchange Sensex is down 95 points at 40,590 and the Nifty is down 30 points at 11,899.
The Indian rupee also depreciated to 73.69 against the US dollar. It had initially fallen 17 paise to 73.77 against the dollar.
As the impact of corona on the United States and European countries begins to increase again, there is a growing sense of fear that it could be a second-degree outbreak. As a result, international markets are in some decline, regardless of the economy. Meanwhile, the speed of the corona in India has not slowed down.
Due to this some of the Indian stock markets and international stock markets are in decline.
Oil prices, which ended in a slump last week, are still plummeting today. While this is in favor of the rupee, the outflow of foreign investment and the pressure of international markets are also seen in the Indian stock market.
Also Read: Sensex, Nifty flat; Axis Bank up 2%, pharma stocks drag
Meanwhile, all the indices in the Nifty and all the indices in the Sensex are down.
Shares of Nestle, Indusind Bank, HDFC Life, Adani Ports and Larsen were among the top gainers in the Nifty index, while shares including JSW, Hero MotoCorp, UPL, Reliance and Coal India declined sharply.
Shares of Nestle, Indusind Bank, Larsen, Power Grid Corp and HCL Corp were the top gainers in the same Sensex, while shares of Reliance, Tata Steel, Asian Paints, Tech Mahindra and Bajaj Auto declined sharply.
ICICI Lampard General Insurance posted a profit of Rs 415.74 crore for the September quarter, up 35% from Rs. Meanwhile, the share price fell 0.4%.
JSW’s net profit fell 37% to Rs 1,595 crore in the September quarter. It had a net profit of Rs 2,536 crore last year. At this point, the company’s share price has fallen more than 3%.
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