Mukesh Ambani's Reliance Industries shares fell nearly 5% in the morning session.
Due to poor signals from the global markets, there is a huge decline in the domestic market. Over 400 points were seen in the Sensex. Nifty rolled to 10300 level Mukesh Ambani's Reliance Industries shares fell nearly 5% in the morning session. The results of Reliance Industries are being shown lower than expected. Shares of Infosys and TCS have dropped by 2%. In addition, shares of Yes Bank, Indusland Bank and Axis Bank fell 4%.
Investors' trust is not returning from weak rupees. The 30-share Sensex opened weak at 34,563.29 points. It closed at 34,779.58 on Wednesday. On Thursday, the market was closed in the form of a disease of Dussehra. There was pressure from the market since the beginning.
Falling trend in banking sector
Reliance Industries's stock continues to decline even after the conclusion of the results of the September quarter. In addition, there has been a decline in Yes Bank, Indiabulls Housing, HCL Tech, Infosys and Ultratech Cement.
Rupee down 12 paise
Rupee depreciation against the dollar continued on Friday also. Due to dollar demand by importers, the rupee lost 12 paise to 73.48 against the dollar in early trade. After January this year, the rupee has dropped 15%.
China's stock market deteriorating trouble
During the last two years, China has seen the biggest drop in the stock market in comparison to any part of the world. His moody youth is at the lower level of the last two years. Its effect is seen in the entire Asian markets.
Due to poor signals from the global markets, there is a huge decline in the domestic market. Over 400 points were seen in the Sensex. Nifty rolled to 10300 level Mukesh Ambani's Reliance Industries shares fell nearly 5% in the morning session. The results of Reliance Industries are being shown lower than expected. Shares of Infosys and TCS have dropped by 2%. In addition, shares of Yes Bank, Indusland Bank and Axis Bank fell 4%.
Investors' trust is not returning from weak rupees. The 30-share Sensex opened weak at 34,563.29 points. It closed at 34,779.58 on Wednesday. On Thursday, the market was closed in the form of a disease of Dussehra. There was pressure from the market since the beginning.
Falling trend in banking sector
Reliance Industries's stock continues to decline even after the conclusion of the results of the September quarter. In addition, there has been a decline in Yes Bank, Indiabulls Housing, HCL Tech, Infosys and Ultratech Cement.
Rupee down 12 paise
Rupee depreciation against the dollar continued on Friday also. Due to dollar demand by importers, the rupee lost 12 paise to 73.48 against the dollar in early trade. After January this year, the rupee has dropped 15%.
China's stock market deteriorating trouble
During the last two years, China has seen the biggest drop in the stock market in comparison to any part of the world. His moody youth is at the lower level of the last two years. Its effect is seen in the entire Asian markets.
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