Mumbai, First Published Apr 20, 2022, 10:08 AM IST
MUMBAI: National stock exchanges started trading higher today. Despite the ups and downs in the international stock market, the national and Mumbai stock exchanges started trading higher this morning.
Federal Bank
The Federal Reserve has decided to raise interest rates due to rising inflation in the United States. It is expected to come into effect from May. Despite the corona impact in China, the declining infection in Shanghai and the resumption of operations have given investors confidence.
Economic growth
Investors are eagerly awaiting the release of quarterly results of Indian companies this week. Despite the escalation of the Russia-Ukraine war, the International Monetary Fund has warned that a two-state war would slow global economic growth, but investors have not taken it seriously.
The trade started with a boom as it approached with the aim of making a profit in the morning by taking only the positive aspects. The Sensex was up 518 points at 56,981 in early trade on the Bombay Stock Exchange.
Trade with boom
At the National Stock Exchange, the Nifty was up 156 points at 17,115.
On the 30-company Mumbai Stock Exchange, only 10 stocks are down and the remaining 20 are up. Bajaj Accounting, HCLTech, Sunpharma, Tata Steel, Axis Bank, IndusInd Bank, PowerGrid, Hindustan Unilever and Kotak Bank are in decline.
Shares of Maruti, Reliance, HDFC, Wipro, Mahindra & Mahindra, Infosys and Ultrates Cement are moving higher.
Nifty
Shares of Acer Motors, Coal India, Tata Motors and Nestle are gaining ground in the Nifty. Shares of Kodak Bank, IndusInd Bank, HDL Tech, Bajaj Accounting, Axis Bank, Tata Steel, Apollo Hospital, HTCFC Life and ONGC were down.
Shares of automobile, FMCG, media, real estate, information technology, oil and gas sectors are up one per cent in the Nifty. Banking and financial services stocks are down
Last Updated Apr 20, 2022, 10:08 AM IST