Stock market dwindles, PSU bank shares selling highest shares

Jun 26 2018 01:18 PM
Stock market dwindles, PSU bank shares selling highest shares

The Indian stock market is opened with a dwindle. The Bombay Stock Exchange's (BSE) index Sensex dropped 70 points to 35399 and the National Stock Exchange (NSE) index Nifty fell 22 points to close at 10740 level. The highest-selling Vedanta Limited and ICICI Bank's shares are. Vedanta Ltd is trading at a level of 227.60 with 1.15 percent weakness and ICICI Bank is trading at a level of 285.50 with a decline of 1.50 percent. On the National Stock Exchange, the midcap index is down 0.31 percent and the smallcap 0.27 percent is seen.

With the decline in the international market, many Asian markets are trading at the low level. Japan's Nikkei dropped 0.52 percent, at 22221 level, China's Shanghai fell 0.81 percent, at 2836, Hongsong fell by 0.88 percent to 28707 and Taiwan's Cospy decreased 0.88 percent to 2337 At the level of people are doing business.

Meanwhile, due to the rise in trade war worries between the US and China, the US market has also closed down due to the fall. The major index, Dao Jones, dropped by 328 points to 24252, S & P 500 fell by 37 points to 2717 and Nasdaq dropped 160 points to close at 7532 level.

In terms of sectoral index, all index except FMCG and IT are doing business in red marker. The highest-selling PSU shares (0.75 percent) are in. Bank (0.42 per cent), Auto (0.46 per cent), Financial Services (0.31 per cent), Metal (0.42 per cent), Pharma (0.50 per cent), Private Bank (0.38 per cent) and Realty (0.02 per cent) are low. The fastest is in the shares of Bajaj Finance, Coal India, ONGC, Asian point and Kotak Bank. At the same time, shares of Infratel, Vedanta Limited, Tata Motors, Cipla and ICICI Bank have declined.

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