The second trading day of the week closed in the stock market scope The Sensex, which had gained 67 points, was at 39,750, while the Nifty also closed 4 points higher at 11,929 level. Nifty shows pressure on banks, financial, pharma and auto sectors. However, the purchase of metal and IT is going on. Let us tell you that on Monday, the stock market was closed at record highs after recording a record last week, indicating a permanent government formation at the Center.
Yes Bank's stock is up nearly 5 percent in Tuesday's turnover. At the end of the business, the shares of the bank remained at the price of Rs 153. The advantage of this accumulation came to investors and their wealth increased by Rs.1900 crores. There is a report that the bank is planning to withdraw from the asset management business. After this report the investors got better with the centimeter share and the purchases got faster.
IndiGo's share of operating air passenger services during the business reached the highest level of 52 weeks. Indigo shares were up 3 per cent on the Sensex and it came down to Rs 1,716. Indeed, in the fourth quarter of fiscal year 2018-19, IndiGo has increased 401.2% compared to the same period last year.
According to the airline company, IndiGo's profit was Rs 589 crore in the quarter ended March 31, 2019, compared to Rs 117 crore in the same period last year. In the last quarter, the company's revenues stood at Rs 7,883.3 crore as compared to Rs 5,799 crore in the fourth quarter of the previous year.
On Tuesday, the results of the Punjab National Bank (PNB) in the public sector came as a result. The deficit of the fourth quarter (January-March) of the last financial year has come down to Rs 4,750 crore. Due to the scam of thousands of crores, PNB had a loss of Rs 13,417 crore in the same quarter last fiscal.
Apart from this, the gross non-performing asset (NPA) of the bank has come down to 15.50 per cent, while the net NPA decreased from 11.24 percent to 6.56 per cent. After the PNB, the bank had a huge net loss of Rs 13,417 crore in the March quarter of 2017-18. In one quarter this was the biggest loss of PNB.
Meanwhile, the rupee fell 22 paise to close at an intra-day low of 69.73 against the dollar in early trade on Tuesday. Forex dealers said that the rupee was also pressurized with the dollar strengthening against other foreign currencies. Let us tell you that the rupee closed at 69.51 per dollar on Monday.
