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The stock index rose slightly at the start of trading and the Sensex rose about 150 points.

New Delhi [India]June 23 (ANI): The Domestic Equity Benchmark Index performed well on Thursday after a significant decline in the previous session.

Senssex fell 709 points in the previous session, dragging the sale of Reliance Industries’ heavyweight stock.

“Today, the market is likely to make a cautious start in the face of weak global clues. The Reserve Bank has announced that India will have a 1.2% GDP in 2021-22, compared to a 0.9% surplus in 2020-21. Traders may be concerned because the trade deficit has widened because they said they had witnessed a current account deficit. “

The minutes of the central bank meeting show that continued high inflation is a major concern for the economy, despite RBI Governor Shaktikanta Das voting to raise 50 basis points while economic activity is gaining momentum. Some caution is required as it indicates that it has warned that it is a matter. Major interest rates or repo rates for checking price increases.

At 9:24 am, Sensex rose 147.63 points (0.28%) to 51,970.16 points, while Nifty rose 79.10 points (0.51%) to 15,492.40 points.

Among the individual stocks, Apollo Hospital, ONGC, UPL, Titan, and Powergrid Corporation of India were the top five losers in the morning session, with Hero Motocorp, Bajaj Auto, Bharti Airtel, Tata Motors, and Wipro. He was the top 5 winner. , National Stock Exchange data showed.

In particular, the domestic index has been declining for most of the previous June sessions. The fall in the rupee also seems to have put pressure on the stock index.

Suganda Sakdeva, Vice President of Commodities and Monetary Research at Religare Broking, said:

“On the other hand, market participants have two days by Federal Reserve Chair Powell to get further clues as to whether the U.S. Central Bank is ready to raise rates even further at its July meeting. I’m looking forward to the testimony in Congress, “added Sakdeba. It provides further clues for future Indian Rupees.

The Indian rupee on Wednesday hit a new low of 78.29 per US dollar, primarily due to growing concerns about rising inflation. (ANI)

The stock index rose slightly at the start of trading and the Sensex rose about 150 points.

Source link The stock index rose slightly at the start of trading and the Sensex rose about 150 points.

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