The impact of the latest data on core sector and GDP is being seen on the Indian stock market. The first trading day of the week started on Tuesday with a major fall of the Sensex and Nifty.
– At 11 o'clock in the morning, the fall of the sensex exceeded 400 points and it was shown to be trading at the level of 36 thousand 900. Similarly, Nifty was down 110 points to 10 thousand 900.
– Earlier in the early trade, the Sensex fell more than 300 points, while the Nifty also recorded a decline of more than 50 points.
Due to this, the SENSEX came down to 37 thousand in the first minutes of business. Similarly, the Nifty also lost the psychological level of 11 thousand.
Let us tell you that the last trade in the stock market was on Friday. After the market closed in the evening, the Central Statistics Office released GDP figures for the April-June quarter. These figures show that the country's rate of economic growth has come down to 5 percent. This is the fastest pace of India's growth rate in about 7 years. Earlier in the UPA government, India's quarterly GDP went below 5 percent.
On Monday, there was no trading in the stock market on the occasion of Ganesh Chaturthi. In this way, the stock market remained closed for three consecutive days – Saturday, Sunday and Monday. Let us know that at the end of trading on Friday, the Sensex gained 263.86 points to 37,332.79 and the Nifty gained 74.95 points to end at 11,023.25.
Apart from GDP, the growth rate of 8 core sectors has also shocked the economic growth of the country. The growth of 8 core sectors has come down to 2.1 percent in July. Whereas it was 7.3 per cent in the same period of last year i.e. in July 2018. Earlier, on the GST collection front too, the government has been disappointed. Let us know that in August the GST collection has come down to Rs 98,203 lakh crore.
