Rudra Investment: Stocks Fall In Sensex, But Rupee Strengthen

Rudra Investment Market Expert Said The Sensex of the Bombay Stock Exchange fell 354 points on Wednesday after the sudden fall in the shares of HDFC and HDFC Bank. The 30-share Sensex of the Bombay Stock Exchange fell by 353.87 points or 0.91 percent to 38,585.35. On the National Stock Exchange, Nifty also lost 87.65 points or 0.75 percent to 11,584.30. HDFC Bank lost 2.07% and HDFC 1.96%. Nearly half of the losses in the Sensex's 354 points due to the decline in both the companies of the HDFC Group.

India's economic growth rate is expected to be 7.3 percent in 2019

Among other Sensex companies, shares of Bharti Airtel, Asian Paints, TCS, HCL Tech, Tata Steel, SBI, IndusInd Bank and Hero MotoCorp dropped to 3.28 percent. On the other hand, shares of Tata Motors, Hindustan Unilever, Kotak Bank, Coal India, Sun Pharma, Mahindra and Mahindra, Bajaj Auto and ONGC gained up to 4.68 percent. Traders said that the International Monetary Fund (IMF) has reduced the global growth rate for the year 2019 to 3.3 percent, which has affected market sentiment. IMF has estimated India's economic growth rate in 2019 and 7.5 percent next year.

Rupee rises 21 paise against dollar

Meanwhile, according to the temporary data of the stock exchanges, foreign institutional investors bought shares worth Rs 1,212.35 crore on Tuesday. Domestic institutional investors sold shares of Rs 688.65 crore. The rupee strengthened by 21 paise to the dollar, the rupee on Wednesday rose by 21 paise to 69.09 rupees against the dollar in early trade due to weakness in the US currency overseas. Currency traders said the rupee was supported by the sale of American currency on behalf of exporters.

The expertise of Rudra Investment Expert says that Apart from this, the positive impact of the Indian economy on the International Monetary Fund also strengthened the rupee. On Tuesday, the rupee strengthened by 37 paise to close at Rs 69.30 per dollar. According to the initial data available with the stock market, foreign investors (FIIs) bought a net Rs 1,212.35 crore on Tuesday in the capital market.

Rudra Investment: Stock Market's Flat Start, Sensex At 38,700 Level

Rudra Investment expert says Before the start of voting for the general elections in the country and the results of companies' quarterly results, the country's stock markets are witnessing fluctuations. On Monday, the Sensex closed on the red mark, while on Tuesday there was a flat movement in the initial business. In the initial minutes of the business, the Sensex has seen a modest 20-point gain and is at 38,700 level. At the same time, the Nifty is at the 11,620 level with a 25-point gain. After the initial upsurge, the Sensex closed at 38,700.53, after touching the day's high of 161.70 points, while the National Stock Exchange's Nifty also dropped 61.45 points to 11,604.50.

This factor will work

According to market analysts, after the results of quarterly results and polling for the general elections, a profit-booking in the market could be seen. TCS and Infosys will announce quarterly results on Friday by two of the country's leading software exporting companies. Apart from this, the first phase for the Lok Sabha elections will be held on April 11. After the polling in seven phases, the votes will be counted on May 23.

HDFC Bank plans to raise Rs 50,000 cr

According to Rudra Investment, expert Private sector HDFC Bank shares gained on Tuesday in the turnover of the business. The bank's plan is to raise Rs 50,000 crore by issuing bonds through a private placement in the current financial year. The bank said, "The board of directors of the bank will consider this proposal in the April 20 meeting." HDFC Bank's stock closed at Rs 2,288.90 at the Bombay Stock Exchange on Monday losing 0.56 percent.

Rudra Investment: Sensex Jumped 176 Points, Nifty Surpasses 11,650

Rudra Investment expert says The Indian stock markets, which were postponed after RBI cut interest rates on the next day, have a strong start on the next day. On Friday, the Sensex of the 30-share BSE Sensex rose 112 points, to 38,797, and the National Stock Exchange's 50-share sensitive index, Nifty, rose 36 points to 11,634 points. At 9.32 a.m., the Sensex is up 176 points, with 38,860 points and the Nifty is trading 62 points with a gain of 11,660 points.

The boom in the banking sector

Following the cut in interest rates, the investors have an atmosphere of enthusiasm after the business is expected to grow in the banking sector. For this reason, the banking sector has a bullish atmosphere in the market. In the Sensex, the banking sector stocks are trading 205 points higher at 33,827 points. The shares of IndusInd Bank are the fastest growing segment of 1.74 percent.

A bullish atmosphere in these stocks

The Sensex has a bullish environment in Godrej Properties, Lakshmi Vilas Bank, ZENSAR Technology Limited, PC Jewelers and Reliance Power. Nifty has a boom in IndusInd Bank, Yes Bank, Indiabulls Housing Finance, Mahindra & Mahindra and BPCL.

The slowdown in these stocks

According to Rudra investment expert the Sensex update, RCom, Shriram City Union Finance Limited, Whirlpool of India Limited, Jet Airways and Cox and Kings have a recessionary environment. The Nifty has a declining environment in Adani Ports, HCL Technologies, ITC, Asian Paints and Bharti Airtel.

Rudra Investment: Sensex Crosses 39,000 Level For The First Time

The Opening Day Of This week Report By Rudra Investment expert says The stock market has made a new record on April 1, the first day of the new financial year. The Sensex surged more than 348 points in Monday's trading, surpassing 39,000 level. This is the record level so far. Earlier on August 29, 2019, the Sensex made a new high. The Nifty also crossed the 11700 level.

Bank Nifty has made a new record again today. It reached the level of 30627 with a 200-point rally. PSU Bank is looking at the fastest growth in the auto and metal index. Tata Motors and Vedanta saw around 4 percent growth. ONGC and Coal India are seeing a 1% drop in the market.

The stock market closed on the last trading day of FY 2018-19 Friday. The Sensex rose 127.19 points to 38,672.91 and the Nifty climbed 53.90 points to close at 11,623.90. The Sensex was up nearly 500 points during the trade on Friday.