On the economic front, the relationship between America and China seems to be decreasing. In the meantime, the Indian stock market has seen ups and downs on the last trading day of the week. In the initial trade, the Sensex was seen trading at a level of 38 thousand 950 by dropping more than 50 points.
At the same time, the Nifty dropped by 30 points to 11, 550. However, after a while there was a slight increase in the Sensex and Nifty. Tata Motors, Vedanta, ONGC, Tata Steel, Vedanta, Maruti and Sun Pharma were at the red mark during initial trading. The rising stocks include ITC, Bajaj Finance, Yes Bank and Reliance.
Let us know that China and America have started preparing for a high-level dialogue. According to the statement issued by China, representatives of the two countries met before the meeting. Chinese Commerce Ministry press spokesman Gao Feng said that both sides are preparing for a high-level dialogue.
Earlier on Thursday, due to the sign of a trade deal between the US and China, the Indian stock market got a glow. At the end of trading, the Sensex gained 396.22 points to 38,989.74 and the Nifty gained 133.10 points to end at 11,573.30. The Sensex touched a high of 39,158.07 and a low of 38,676.11 in day trading. Similarly, the Nifty was at the upper level of 11,610.85 and lower of 11,466.35. Let us tell you that US President Donald Trump has said that the trade agreement with China can be done earlier than expected.
Which shares gained momentum?
In Thursday's trade, 23 out of 30 stocks of the Sensex rose. The leading stocks were VEDL (6.47 per cent), Mahindra & Mahindra (6.00 per cent), ONGC (4.15 per cent), ICICI Bank (4.05 per cent) and Tata Steel (3.85 per cent). Similarly, the declining stocks include Yes Bank (4.93 per cent), Infosys (1.28 per cent), HCL Tech (0.86 per cent), Hindustan Unilever (0.67 per cent) and HDFC Mahindra (0.26 per cent).
