Today, the second trading day of the week i.e. on Tuesday, the stock market closed on a slight decline. The Sensex had reached the highest level of 53,129.37 during trading. But it declined due to profit-booking and after the day’s volatility, the Bombay Stock Exchange’s major index Sensex closed 18.82 points (0.04 per cent) down at 52,861.18. On the other hand, the Nifty of the National Stock Exchange closed at 15,818.25, down 16.10 points, or 0.10 percent. Last week, the BSE 30-share Sensex was down by 440.37 points or 0.83 per cent.
The stock of Avenue Supermarts, the company of veteran investor Radhakishan Damani, reached an all-time high today. The company’s stock rose 1.96 per cent to Rs 3,425 during trading on the BSE. It opened at the level of 3374.40 in early trade. It finally closed 5.05 points (+0.15%) up at 3365.00. Avenue Supermarts is the 18th most valuable company in the country with a market capitalization of Rs 2.19 lakh crore.
IT services major Tata Consultancy Services (TCS) on Tuesday said it has entered into a strategic partnership with Sony Liv to help make the OTT streaming platform an innovative business model and enhance customer experience. TCS said that with the help of this partnership, Sony Liv’s growth path will be smoother in future and it will be able to meet the challenges with the help of digital technology. After this, the stock of TCS closed down 59.20 points at the level of 3262.35 today.
The direction of the stock markets will be decided this week by macroeconomic data, first quarter results of companies and global trend. Analysts have expressed this opinion. Apart from this, volatility of rupee against dollar, crude oil prices and investment trend of foreign institutional investors will also give direction to the market.
Looking at the sectoral index, today Metal, FMCG, Auto, IT, Pharma, PSU Bank and Realty closed on the red mark. Whereas media, finance services, banks and private banks are on the green mark.
