Source PTI: For the fourth consecutive session, domestic stock markets closed higher on Tuesday (October 12, 2021). With a gain of 148.53 points or 0.25 percent, the BSE Shares finished at a new high of 60,284.31 points. With a gain of 46 points or 0.26 percent, the NSE Nifty ended at 17,992.00. Nifty gainers were Titan, Bajaj Auto, Bajaj Finserv, SBI, and Hindalco. HCL Tech, HDFC Life, Coal India, Tech Mahindra, and Shree cement all suffered significant losses at the same time.
Automobile, FMCG, metal, and PSU Bank indices all saw a 1-3 percent increase in their respective sectors indexes. At the same time, the IT index dropped by 1%. The BSE Small cap and Midcap indices ended the day in the black.
The price of these stocks has risen:
Titan, Bajaj Auto, SBI, Bajaj Finserv, Nestle India, ITC, Axis Bank, Tata Steel, HUL, Kotak Mahindra Bank, IndusInd Bank, Reliance, Asian Paints, Bajaj Finance, etc… are some of the companies trading green on the Share Prices.
These stocks are falling in value:
On the Bharti Airtel, ICICI Bank, Infosys, Sun Pharma, HDFC Bank, NTPC, Powergrid, and Maruti Suzuki Shares, shares of HCL Tech, Tech Mahindra, Ultratech Cement, TCS, M&M, Bharti Airtel, ICICI Bank, Infosys, Sun Pharma, HDFC Bank, NTPC, Powergrid, and Maruti Suzuki closed the day with red marks.
“Selling in IT shares was aided by poor openings to quarterly results from businesses and a bearish trend in global markets,” said Vinod Nair, Head (Research), Geojit Financial Services. Stock markets, on the other hand, closed higher in hopes of privatization, with purchases of PSU bank equities, as well as consumer goods, metal, and auto firms.
According to him, rising commodity prices and the energy crises have raised the possibility of inflation, causing the worldwide market to decline.
In many other Asian markets, the stock markets in Shanghai, Hong Kong, Tokyo, and Seoul all closed lower. Early trade on European stock markets saw a drop as well.
Inflation rates have dropped sharply, falling much lower than the RBI’s forecast…
Source PTI: The numbers for inflation are now available. As compared to August, it fell in September. The percentage has now dropped to 4.45%. It was 5.3 percent in September. The rate of inflation has decreased, according to official data, as a result of decreased food prices.
Food inflation fell to 0.68 percent in September, down from 3.11 percent in August, as per the official data. The central bank reduced its inflation projection again for the current fiscal year to 5.3 percent in its most recent monetary policy review. It had been 5.7 percent previously.
Besides that, in August, the IIP (Index of Industrial Production) rose to 11.9 percent. In July, it was 11.5 percent.
Credit – Komal Sharma