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.