Package failed to woo investors, the stock market closed this week too

May 23 2020 12:45 PM
Package failed to woo investors, the stock market closed this week too

MUMBAI: The morale of investors broken by the economic challenges caused by the Corona outbreak did not rise even more than the Rs 20 lakh crore package brought by the central government and the Reserve Bank of India (RBI) measures and the domestic stock market declined for the third consecutive week. Closed with. In the last trading session of this week on Friday, the Bombay Stock Exchange (BSE) Sensitive Index Sensex based on 30 shares closed down 425.14 points or 1.37 per cent from the previous week at 30,672.59.

The National Stock Exchange (NSE) 50-share sensitive index Nifty was down 97.50 points or 1.07 percent to close at 9,039.25 from the previous week. The growing international tensions between the US and China, and the global epidemic corona wreaking havoc, did not provide any encouraging signal from the international market and the RBI's fears of slowing the country's economic growth in the market in the last session of the trading week There was an atmosphere of lethargy.

The BSE Midcap index closed at 11,270.02, down 230.30 points or two per cent from the previous week, while the small-cap index closed 164.53 points, or 1.54 per cent, down at 10,524.23 the previous week.

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