Stock Future Trading Tips, Market Closing Update,The Indian equity indices Sensex & Nifty plunged heavily on weekend Friday on a possibility of North Korea that it may carry out another hydrogen bomb test this time in the Pacific Ocean. BSE Sensex fell 448 points to 31,922.44, while the Nifty fell 158 points to close at 9,964.40. The major drag to the indices came from the heavy weight stocks like Reliance Industries, ICICI Bank, and L&T.
The markets endured their most horrible setback on concern that the govt’s stimulus plan for the economy could disturb the fiscal sums, and hurt the rupee and interest rates.
The BSE Midcap declined 3 percent. Real estate, Metals, and realty were the worst performing sectors. Among Sensex stocks, Tata Steel plunged about 5 percent, after base metal prices fall down due to China downgrade. SBI and ICICI Bank fell about 2 percent each.
Reliance Industries, Infosys, ICICI Bank, L&T, HDFC Bank, SBI, Axis Bank, ITC, HDFC, Hero MotoCorp, Hindustan Unilever, Tata Steel, TCS, and Sun Pharma contributed the most to the Sensex decline.

 

Get Two Days Free Trial click here