The Research Team of Free Intraday Tips said The domestic stock markets started the last session of the week with great speed. The reduction of tension between India and Pakistan has strengthened the business sentiment. Indian stock markets also got support from Asian markets.
The Asian market grew sharply in the Chinese market The next week, the stock market will be closed on Monday, March 4, at the commemoration of Mahashivaratri. On Friday, the market eased the weak economic data.
The growth rate of the country’s GDP in the December quarter stood at 6.6 percent. This is the lowest growth rate in five quarters. The impact of the reduction in agriculture and industrial production was at an increasing rate. Also, there is no enthusiasm in consumer demand. These figures came on Thursday after the stock market was closed.
The growth rate of 8 major industries has been the weakest in the last 19 months in January. Crude oil, refinery, and weakness in power generation have had a major impact on these industries. Infrastructure sector grew by just 1.8 percent in January, the lowest since June 2017.
At 9.30 am, the BSE Sensex jumped 230 points or 0.64 percent and recorded at 36,097 level. On the other hand, the Nifty 50 Index was trading at 10,857 with an increase of 65 points or 0.60 percent.
There has been a weakness in the American stock markets on Thursday. Dow Jones dropped 0.27 percent, while the S & P 500 index fell to 0.28 percent. Nasdaq composites finished the business with a weakness of 0.29 percent.
The BSE Midcap and Smallcap index showed strong growth of 1 percent. In addition to the BSE Telecom Index, the index of all sectors was trading in the green mark. Metal and Basic Material Index jumped up to 1.5 percent.
In The Today Report Of Free Intraday Tips said Only two shares on the BSE Sensex were registered in the red mark. Bharti Airtel’s stock fell to Rs 311.60 with the weakness of up to 2 percent. Bajaj Auto’s share declined by 0.29 percent to Rs 2,888.
On the other hand, Vedanta’s share reached an increase of 2.83 percent to Rs 174.20. Yas Bank’s stock increased by 1.60 percent to Rs 234.90 The shares of Tata Motors, Sun Pharma and Infosys were up 1.24 percent, 1.17 percent, and 1.01 percent respectively.
According to the latest economic estimates, India’s growth rate has been reduced from 7.2 percent to 7 percent for the current financial year. This is the lowest growth rate in the past five years.
Pakistan will release Indian Air Force pilot Abhinandan Vardhaman today The market expects the Reserve Bank to reduce the interest rate in the next monetary review meeting, looking at weak economic data.
According to the NSE data, foreign portfolio investors bought net worth of Rs 3,210 crore on Thursday. Domestic institutional investors net sales of Rs 5,240.62 crore.