IRCTC shares did wonders, reached the high time of last two years, gained 12 percent
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The continuous rise in the stock market got a break on Monday, the very first day of the trading week. There was a boom in the local market during the last three trading sessions, which has now stopped. BSE Sensex fell 168.66 points and fell below its record high. During this period, both Sensex and Nifty indices closed in the red. The Sensex closed at the level of 71,315.09 and the Nifty index fell by 38.00 points to close at the level of 21,418.65.
The fall was due to profit-booking by investors amid weak trend in most of the Asian markets. BSE’s 30-share index Sensex closed at 71,315.09 points, down 168.66 points or 0.24 percent. At one time during trading it had fallen to 341.46 points. National Stock Exchange (NSE) index Nifty also closed at 21,418.65 points with a decline of 38 points or 0.18 percent.
Among Sensex companies, Power Grid, ITC, JSW Steel, ICICI Bank, Tech Mahindra, Infosys, IndusInd Bank and Mahindra & Mahindra Bank were major losers. On the other hand, the profitable stocks include Sun Pharma, Reliance Industries, HCL Tech, Hindustan Unilever, Bajaj Finance and Maruti. Vinod Nair, head of research, Geojit Financial Services, said, “The market started with a decline. Concerns over disruption of oil supplies through the Red Sea and high stock valuations weighed on investor sentiment.
Ajit Mishra, Senior Vice President (Technical Research), Religare Broking Limited, said, after the recent rise, there was a slight decline in the market. Nifty remained in a limited range after the initial fall. However, the BSE Smallcap index, which represents more stocks, was up 0.48 per cent while the Midcap index rose 0.28 per cent. The service sector index rose by 1.50 percent, the telecom segment rose by 0.81 percent and the capital products segment rose by 0.75 percent. In other markets of Asia, Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hang Seng were in loss while South Korea’s Kospi was in profit.
IRCTC did wonders
IRCTC shares have done wonders during this period. IRCTC shares have touched great heights for the third consecutive day. On Monday, December 18, an increase of 11.94 percent was seen in the stock of IRCTC. With this increase, the share closed at Rs 874.05 with a gain of Rs 93.20. Let us tell you that the increase in the stock of IRCTC is the highest level in the last two years. Due to the increase in IRCTC shares, investors are very happy and are busy buying the stock.
This glow has returned to IRCTC shares in recent times. Investors have again shown interest in IRCTC shares and started investing in them. IRCTC stock has seen a growth of 20 percent in the last one month alone. Its stocks have increased by 28 percent in the last six months.
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