After the disappointing figures of retail inflation and industrial production in August, the Indian stock market Friday was a volatile one. Indeed, there have been signs of tensions between the US and China globally.
Due to this, the Asian market looked bright and the Indian stock market closed with recovery even after the domestic sentiment was weak. At the end of trading, the Sensex gained 280.71 points to close at 37,384.99. During the trade, the Sensex fell by more than 100 points. At the same time, if you talk about the Nifty, 37 points had fallen to 10,945.75 levels. At the end of trading, the Nifty rose 93.10 points to 11,075.90.
What about shares
After the day's ups and downs, the banking, metal and oil sector stocks gained momentum at the end of the business. ICICI Bank shares rose 2.88 percent. While shares of Vedanta and ONGC closed up over 2 per cent. Similarly, shares of Kotak Bank, SBI, Axis Bank, Mahindra, Infosys, Powergrid, HCL, Reliance, NTPC, Bajaj Finance and Hero MotoCorp closed up more than 1 per cent. Stocks trading on the red mark include Sun Pharma, Airtel, HDFC Bank, ITC and HUL.
Economic Data Remains Low
Let us know that the retail inflation in August month is at the highest level of 10 months. In this month, retail inflation has reached 3.21 percent. At the same time, the pace of increase in industrial production has also become slow. Industrial production growth was 4.3 percent in July. It is down compared to July a year ago. In July last year, the country's industrial production growth rate was 6.5 percent.