After reaching the figure of 50 thousand, there is a continuous decline in the market.
Share Market Today: The domestic stock market has started with a decline today. The BSE Sensex is down 280 points, while the Nifty is trading below 14,200. Even in Asian markets, mixed business is seen today.
- January 27, 2021, 9:50 AM IST
On the sectoral front, mixed business is seen today. Today banking, auto, capital goods, consumer durables, FMCG, pharma and metal sectors are seen trading on the green mark. The most rapid gains are being seen in stocks of capital goods. Today, IT, Oil and Gas, PSU and Tech sectors are among the stocks traded on the red mark.
Quarterly results of 50 companies will be released today
Today a total of 50 companies including Axis Bank, Hindustan Unilever Limited, ICICI Prudential Life, Marico, Bank of Baroda, Canara Bank, PNB Housing are scheduled to release their October-quarter results today.Scrapage Policy Approved
The government has approved the new scrap policy. After this, vehicles older than 15 years will also be scrapped. This policy will be implemented from 1 April. From April 1, those government vehicles will be removed from service, which are more than 15 years old. Union Minister for Roads, Transport and Highways Nitin Gadkari had said in September last year that scrap policy is one of the major priorities for the government. This move of the government is expected to reduce air pollution and will also help in increasing demand in the automobile sector.
Mixed business in Asian market
US markets closed with slight weakness. Signs are visible from Asian markets. SGX NIFTY is getting more than 100 points strength. There is pressure on the Biden government to approve the relief package. There is pressure to approve the $ 1.9 trillion relief package. IMF estimates global growth this year to be 5.5%. Results of APPLE, TESLA, FACEBOOK will be awaited.