Stock Market Update: Weakness is being seen in the domestic stock market amid weak global signals. In today’s trading, both the Sensex and Nifty indices have declined. If the Sensex has broken more than 150 points, then the Nifty has come down to 17100.
There is mixed trend in the market. Today there is a sell-off in bank, financial and IT stocks. All the indices on Nifty are in red mark. The metal index has gained 1 per cent. Auto and realty indices are also in the green. While there is also a decline in pharma and FMCG. At present, there is a fall of 156 points in the Sensex and it is trading at the level of 57470. While Nifty is down 31 points at the level of 17092. Heavyweight stocks are selling. More than 20 stocks of Sensex 30 are in red mark. Today’s top losers include WIPRO, HDFC, HDFCBANK, RELIANCE, ICICIBANK, TCS, ITC.
Global signals are looking weak for the domestic stock market. Selling is being seen in major Asian markets in today’s business. At the same time, before this, the US markets also closed on the decline. Softening has been seen in Brent crude. In the international market, it is trading at $ 92 per barrel. While US crude is at $87 per barrel. The 10-year bond yield in the US stands at 3.925 per cent.
CESC will consider the fund raising of Rs 300 crore on October 15. The company said that the board of directors will consider a proposal to issue secured non-convertible debentures up to Rs 300 crore on October 15.
Jubilant Ingravia has raised Rs 100 crore through commercial papers. The company has issued commercial papers worth Rs 100 crore with a tenure of 49 days. The coupon rate for these papers is 6.5% per annum.
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