Rudra Investment expert says Bank Nifty Share Price After the initial decline, recovery in the Indian stock market has come. Bank, auto, financial services, oil and gas, pharma stocks have recovered sharply from the market downturn. The Sensex has improved from the day's low of 604.45 points. The Nifty has also crossed 10,350. Earlier, the Sensex lost 345 points due to weakness in the rupee and pressure in the global market, while the Nifty fell 114.5 points to 10,201.95. At present, the Sensex is trading at 0.36 percent and the Nifty is rising 0.49 percent.
Midcap and Smallcap also fell
With large-cap stocks, midcap and smallcap stocks are also showing weakness. The BSE mid-cap index has fallen 1.50 percent, while the Nifty Midcap 100 index is down 1.60 percent. BSE's Smallcap Index fell 1.28 percent.
What stocks fall, the boom in
Yas Bank, ONGC, SBI, Coal India, Kotak Bank, Reliance Industries, ICICI Bank, Asian Paints, Axis Bank are on the rise during the business. However, Vedanta, Wipro, HDFC, TCS, ITC, HUL, Infosys, Sun Pharma, Bajaj Auto, and Maruti dropped.
Nifty sector index down 8 out of 11
Rudra Investment expert says Bank Nifty Share Price Selling in metal, auto, FMCG, IT and pharma stocks is showing market pressures. Nifty's metal index has broken 2.6 percent, while the Nifty index of IT index has declined by 1.18 percent and the auto index has declined 1.31 percent. However, the bank nifty is trading at a level of 24,524.50, with an increase of 0.33 percent. PSU bank index was up 0.43 percent and private bank index was up 0.31 percent.
FPI extracted Rs 9,300 crore in just 4 days
Foreign Portfolio Investors (FPIs) pulled out 9,300 crore rupees ($ 130 million) from the Indian Capital Market in the last four trading sessions. The key reason for the withdrawal of FPI is the rise in crude prices and rupee fall. Earlier, last month foreign investors withdrew more than Rs 21,000 crore from stock and debt markets. Earlier, during July-August, investors had invested Rs 7,400 crore.
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