Share Market Today: Sensex Starts with a Slight Increase, HDFC Share Rises 3%

Share Market Today: The second trading day of the week saw fluctuations in the Indian stock market. The Sensex lost 458.07 points to close at 41,155.12 on Monday.
Share Market Today: Sensex Starts with a Slight Increase, HDFC Share Rises 3%

The stock market started flat on Tuesday after a major fall on Monday, the first trading day of the week. In the opening minute business, the index was up by 100 points and it was at the level of 41200. However, during this time the SENSEX also came on the red mark.

HDFC Shares up by 3 Percent
Housing finance bank HDFC shares rose 3 percent in early trade. In fact, HDFC's profit in the December quarter has increased four times. HDFC's profit rose to Rs 8,372.5 crore in the quarter. It had a profit of Rs 2,113.8 crore in the same quarter a year ago. The company said that its profit growth is projected. The company's profits have increased from its receipt of 9.9 percent stake in Bandhan Bank. Its value is Rs 9,020 crore.

IndiGo Aviation, which operates the country's largest airline company, saw a gain of more than 2 percent in its operations. However, after some time, due to selling, there was a decline of 1 percent. If we talk about that the net profit of Interglobe Aviation rose sharply to Rs 496 crore in the December 2019 quarter. Higher-income of the company was the reason for this. According to IndiGo, its total income jumped to Rs 10,330.2 crore during the period under review, from Rs 8,229.3 crore in the December quarter of 2018-19.

DHFL shares fall 5 Percent
Dewan Housing Finance Limited (DHFL) shares fell by 5 percent during the business. In fact, the Enforcement Directorate (ED) arrested DHFL CMD Kapil Wadhawan on Monday in connection with money laundering case against gangster Iqbal Mirchi and many others. is. The ED said that Wadhawan has been arrested under the Prevention of Money Laundering Act (PMLA) as he was allegedly not cooperating in the investigation.

Earlier on Monday, the market recorded a big drop. The major index Sensex lost 458.07 points at 41,155.12 and the Nifty fell 129.25 points to close at 12,119.00. In the day's trade, the Sensex touched an upper level of 41,516.27 and a low of 41,122.48.

Nine out of 30 stocks of the Sensex rose. Mahindra & Mahindra (1.85 percent), Ultra Cement (0.75 percent), Tech Mahindra (0.50 per cent), ICICI Bank (0.45 percent) and Axis Bank (0.37 percent) were the top gainers. The major losers of the Sensex were Tata Steel (4.31 percent), IndusInd Bank (3.37 per cent), HDFC Bank (2.51 per cent), State Bank of India (2.42 per cent) and HDFC (2.25 per cent).

Let us tell you that this week there will be trading in the stock market on Saturday. Actually, on Saturday, February 1, the country's general budget is going to be presented on this day. This is the reason why the stock market will be traded.

Related Stories

No stories found.
logo
Since independence
www.sinceindependence.com