Sensex-Nifty has also started with weakness amid weak global cues. At present, Sensex is seen at around 43,980 with a weakness of 206 points, or 0.47 percent. At the same time, Nifty is seen around 12890 with a weakness of 50 points, i.e., 0.40 percent.
A Boom in Metal Stocks
The indices are currently trading on the red mark. Metal stocks are seen shining while bank stocks are seen falling. At the same time, Bajaj Finserv, Hero MotoCorp, Hindalco, Titan Company and Tata Steel these shares are trading with a boom in Nifty. The same midcap index rose for 14 consecutive days to an all-time high of 26 months.
Bank Nifty is Trading Below 1%
Talking about the sectoral index, banking stocks are trading with the decline, bank Nifty is trading below 1%. But auto shares are running again today. Light purchases are seen in pharma, metal and realty stocks. IT and FMCG stocks are sluggish. At present, 23 out of 50 stocks of Nifty are trading in the remaining 27, Sensex is trading with sluggishness, Sensex is trading 12 out of 30 stocks and the remaining 18 are trading with a red mark.
Decline in the U.S. Market
In yesterday’s trade, American markets saw a second day of decline. Increased cases of corona have increased anxiety. Schools in the city of NEW YORK have once again been closed. The DOW closed down 345 points in trading hours. Here the Asian market has also started weakly. SGX NIFTY is seen below 95 points.
HERO Moto Sold 1.4 Million Vehicles
HERO MOTO retail sales have been impressive over the festive season. The company sold 1.4 million two-wheelers in 32 days. Sales were 98% compared to the previous year. The company’s Inventory is at an all-time low. In the US, SPICEJET reached high due to the suspension of the BOEING 737 MAX aircraft, jumped over 12 percent in intraday, with the stock gaining 8 and a half months on a fast 4 days.