Stock Market News in Hindi: The sell-off was witnessed after a strong rally in the domestic stock market amid mixed global signals on a trading day.
Stock Market News in Hindi: After four consecutive days of gains, Sensex and Nifty 50 are trading with a fall on the last day of this trading week. Trading around 49,300 on Sensex and 14800 on Nifty. Apart from this, the effect of the mixed trend of global markets can be seen on the market. The S&P 500 closed at a record high on Thursday in the US market. The main reason for the rise in S&P was the rise in its shares due to the strong financial result of Facebook. Apart from this, investors are also waiting for the financial results of Amazon. S&P gained 0.64 percent and Dow Jones rose 0.71 percent. The Asian markets Shanghai Composite, Hang Seng, Nikkei 225, Kospi and Kosdak declined.
Eyes will be on these stocks
The financial results of 25 companies listed on BSE, including Reliance Industries, Yes Bank and IndusInd Bank, will come today. These include Yes Bank, Reliance Industries Limited, IndusInd Bank, Marico, Indian Hotels, Ajanta Pharma, Trent, Can Finance Homes, Estec, Life Sciences, Atul, Shriram City Union Finance and RPG Life Sciences which will present quarterly financial results.
Reliance: Reliance Industries, owned by Mukesh Ambani, will announce the results for the last quarter of January-March 2021 for the last financial year 2021-21 today. Apart from this, the company will also announce dividend to the shareholders. Analysts believe that there will be double digit growth in Reliance’s revenue.
Future Retail: Rating agency S&P has reduced Future Retail’s long-term rating issue credit rating from CCC to selective default.
HUL: FMCG sector major HUL has delivered better than expected financial results in the March quarter. In the fourth quarter, HUL’s profit grew nearly 45 per cent year-on-year to Rs 2190 crore. During this period, the company’s revenue has grown by about 35 percent. At the same time, the board of HUL has announced a dividend of Rs 17 per share to the shareholders.
The market closed after losing great momentum a business day ago
Amid mixed global cues, the domestic stock market saw a sell-off after a strong rally on a trading day. In this ups and downs of the market, both the Sensex and Nifty index closed after losing their full lead. A trading day before the Nifty crossed the 15000 mark in intraday, the Sensex also crossed the 50350 level. However, both the indices were sold at the end of trading. The Sensex fell 610 points from the upper levels to close at 49,765.94. At the same time, the Nifty also closed down at the level of 14895 with a fall of 30 points. When metal stocks supported the market, there was pressure in auto, bank, FMCG and IT stocks. Before this, there was a boom in the stock market on all three days of this week.
