The last three trading days – Monday, Tuesday and Wednesday saw a big fall in the Indian stock market. In these three days, the Sensex lost a total of 830 points, while the Nifty lost about 245 points.
However, now on the fourth business day of the week i.e. Thursday, this downward trend has taken a break. At the end of trading, the SENSEX closed at the level of 41,386.40 points with a gain of 271.02 points. Likewise, if you talk about Nifty, it was up by 73.45 points at 12,180.35 points.
The largest engineering firm Larsen & Toubro (L&T) was the stock. Its stock has gained 2.98 percent. In fact, the company reported a 15 percent profit in the third quarter of the current financial year and stood at Rs 2,560.32 crore. Talking about the total income, it was Rs 36,717.60 crore. During this period, the company has received new orders worth Rs 41,579 crore at the group level till 31 December 2019.
During this period, Yes Bank shares rose 6.50 percent. Actually, SBI Chairman Rajnish Kumar has given positive signals about Yes Bank. He said that it is an important bank with a balance sheet of about $ 40 billion (2.85 lakh crore rupees). Its failure will not be good for the Indian economy. According to Rajnish Kumar, some solution will definitely come out.
In the October-December quarter of the current financial year, Axis Bank's profit grew by 4.5 percent to Rs 1,757 crore. At the same time, the bank's NPA has also come down. The benefit of this was seen in the bank's stock and it was up by 2 percent. Explain that Axis Bank's non-performing assets, or NPAs, fell to 2.09 per cent, from 2.36 per cent in the same quarter a year ago.
