Stock Market Updates: The third wave of corona virus is being feared and on the other hand there is a possibility of a jump in the inflation rate. Considering these potential dangers, investors have become cautious and today the sell-off is dominating the stock market.
After the result, the shares of HDFC Twin are showing pressure.
Stock Market Update: The stock market opened with a sharp decline today and continues to decline in early trading amid the possibility of a third wave of Corona and an increase in inflation. On the first day of the week this morning, the 30-share index Sensex opened at 52,624.52 after falling 515.54 points and the Nifty also fell 146.75 points to 15,776.65. At 9.45 in the morning, the Sensex was trading at 52,773 with a fall of 366 points and the Nifty was down by 101 points at the level of 15821.
At this time only eight out of 30 Sensex stocks were trading in the green mark and the remaining 22 stocks were trading in the red mark. NTPC, Titan, Nestle India and ITC are the top gainers at the moment. At the same time, HDFC Bank, HDFC, Bajaj Auto and IndusInd Bank are the top losers at the moment. HDFC Twin is witnessing a steep decline after the announcement of the results for the June quarter. Banking and financial stocks are seeing a lot of pressure today.
HDFC Bank, the country’s largest private sector bank, has announced the result for the June quarter. The consolidated net profit of the bank registered a growth of 14.36 percent on a yearly basis and stood at Rs 7922 crore. The bank had a consolidated net profit of Rs 6,927.24 crore in the April-June quarter a year ago. The bank’s net profit declined in the quarter ended June as compared to the March quarter. It was Rs 8,433.78 crore in the January-March quarter.
(This news has just been broken. We are updating this news. We try to reach you first. So you are requested to refresh this page to know all the big updates. Also Click here to read our other story.)