The International Monetary Fund (IMF) has downgraded India’s economy. The impact of this news has also been felt on the Indian stock market. In the early trade, the Sensex fell below 52,300 points, or 280 points lower. At the same time, the Nifty traded at 15,650 points after breaking 100 points. During this period, the biggest fall in banking and IT stocks was recorded.
IndusInd Bank Top Gainer: Private sector private sector bank IndusInd Bank today reported strong quarterly results. Investors in the stock market are taking advantage of this news. Shares of IndusInd Bank gained more than three per cent in early trading on the third trading day of the week. It was the top gainer on the BSE index. The bank’s share price at the time of trading was Rs.
Explain that the bank’s profit more than doubled to Rs 1,016.11 crore for the April-June quarter of the current fiscal year 2021-22. The bank’s profits are higher due to lower provisions against retail lending and bad loans. The bank’s net profit for the first quarter of the financial year 2020-21 was Rs 510.39 crore.
Tuesday’s Market Status: The 30-share BSE index fell. After the initial gains, the Sensex closed at 52,578 points, down 273 points or 0.52 per cent. At the same time, the Nifty on the National Stock Exchange also closed at 15,746, down 78 points or 0.49 per cent. At this time, Dr. The biggest drop came in Reddys’ stock.
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The stock closed down 10.44% on the last trading day. Axis Bank, Sun Pharma, Kotak Bank, HDFC and ITC were down 3.23 per cent.
