Share Market : On the third trading day of the week, the stock market started trading with a green mark in the morning. Investors were also excited by the opening of LIC’s IPO during the trading day. But after noon, due to the increase in the repo rate by the RBI, the selling phase started in the market.
Share Market : Investors were also excited by the opening of LIC’s IPO during the trading day.
On the third trading day of the week, the stock market started trading with a green mark in the morning. Investors were also excited by the opening of LIC’s IPO during the trading day. But in the afternoon, due to the increase in the repo rate by the RBI, the market started selling. Soon the Sensex fell by 1500 points to a low of 55,501 points.
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After breaking up to 55500 points at one time, a slight recovery was seen in the Sensex.
At around 3 pm, 27 out of 30 Sensex stocks were seen trading with green marks. Similarly, Nifty is trading at 16,663.30 by breaking 405.80 points. After breaking up to 55500 points at one time, a slight recovery was seen in the Sensex. During the business, many big stocks including Bajaj Finserv, Titan, Bajaj Finance saw a fall of more than 3 percent. However, the stocks of Wipro, Kotak Bank, Infosys, Power Grid and NTPC are trading with green marks.
Share Market : Repo rate up to 4.40%
Earlier, at 2 pm, Reserve Bank of India Governor Shaktikanta Das announced an increase in the repo rate on Wednesday. Repo rate has been increased by 0.40% by RBI. With this, the repo rate increased from 4 percent to 4.40%.
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