Stock Market Update: There is also a possibility of lethargy in the Indian stock market on Friday. The impact of negative global cues is expected to continue on the domestic market. The stock market is witnessing a decline since the last two trading sessions. On Thursday, the Sensex closed at the level of 60,836 with a slight decline of 70 points. Nifty closed above 18 thousand with a fall of 30 points.
Market experts believe that at present the market seems to be deviating from the track. The current situation can also accelerate and the possibility of a fall cannot be ruled out.
What is the condition of foreign markets?
There are still weak signals from the global market. Selling was seen in the US market for the fourth consecutive day. The Federal Reserve’s decision to increase interest is clearly visible in the US market. Dow Jones slipped 150 points amid trading in the range of 450 points. The sP500 fell 1 percent, while the Nasdaq (NASDAQ) lost 1.7 percent. Apple shares have fallen 4 percent.
If we talk about Asian markets, there are ups and downs here too. Singapore Stock Exchange is trading on the red mark. On the other hand, Japan’s Nikkei is trading with a fall of 2 percent. Hong Kong market is trading on the green mark.
FIIS/DIIS data
In the last trading session on Thursday also, Foreign Institutional Investors (FIIs) bought shares worth 677.62 crores, while domestic institutional investors (DIIs) sold shares worth 732.11 crores during the same period. Despite this, the market was not affected much.
Keep an eye on these stocks
Cochin Shipyard: There is a tremendous rise in the shares of Cochin Shipyard Limited. In the last 4 months alone, the shares of this company have seen a rise of 93 percent. On Thursday, with a jump of about 5 percent, it reached Rs 617.00, which is the highest level in 5 years. In the last 2 days only, this stock has shown a rise of about 12 percent so far.
Hero MotoCorp: Hero MotoCorp’s results have come better than expected. Income has increased by 7.4 percent and it stood at 90745 crores. There has been a decline of 9.8 percent in profit and it was 716 crores. Margin has come down from 12.6 per cent to 11.4 per cent.
Adani Enterprises: The result of Adani Enterprises is also better than expected. There has been an increase of 117 percent in profit and it has been 461 crores. There has been an increase of 189 percent in income and it has been 38175 crores. However, margins have declined. It has come down from 6.68 per cent to 4.90 per cent.
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