Dalal Street on Red Mark, Sensex Open with a Fall to 40527 Point

Bombay Stock Exchange, Sensex opens with a fall of 48 points to the level of 40527in the early trading of the fifth day of the week, Friday. Likewise, NSE, Nifty opens at 11,967.30 points.
Dalal Street on Red Mark, Sensex Open with a Fall to 40527 Point

Stock markets open in red mark on the last trading day of the week. The Bombay Stock Exchange Sensex opened 48 points down at 40,527 at the start of trading. Similarly, the National Stock Exchange's Nifty opened at 11,967.30. Nifty was down by around 27 points at 11,941.10 at 10 am.

Among the major stocks growing at the beginning of the business were NTPC, Sun Pharma, ITC, Nestle, ICICI Bank, Coal India, Tata Motors etc. Similarly, G Entertainment, Bharti Airtel, Asian Paints, BPCL etc. were the major stocks with red marks. Except banks and IT, all the other sectors are visible at a height.

After the height of almost two months, now crude oil prices have slipped. Due to the ongoing uncertainty about the US-China trade deal, doubts have been raised about the demand for crude oil in future.

Sensex at 10 am

Significantly, the rating agency ICRA has reduced India's GDP growth estimate. ICRA has projected India's growth rate to be 4.7 percent in the second quarter of FY 2020. This will be due to weak industrial production. The rating agency has forecast a further decline in India's GDP growth rate.

On Thursday, the Indian stock market had also recorded a fall. At the end of trading on Thursday, the Sensex fell 76.47 points to close at 40,575. Talking about the Nifty, it dropped by 30 points to 11,968.40.

Airtel and Idea-Vodafone shares have fallen significantly on Thursday, despite the relief given by the government to the telecom industry. At the end of trading, Vodafone Idea shares closed down more than 6 per cent, while Airtel's stock slipped up to 2.50 per cent.

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