Nifty loses level of 11000: Sensex down 267 points to close at 37060

Mumbai, Ta. August 22, 2019, Wednesday

Delays in the announcement of measures by the Indian government to provide relief to the country's industries and the poor results of the first quarter of the current financial year of Indian companies have sparked disappointment in the market, amid analysts predicting an economic slowdown all over the world, including India. Indian stock markets have become directionless at present, amid uncertainty over the US-China global economy. The concerns of foreign investors in the context of Super Rich Tax have not been resolved yet. The BSE Sensex was down 5 points to 5.2, while the Nifty-1 index was down 5.1. The Nifty had lost the mental surface of 5. Investors in small caps and midcaps are also relaxing. In the intraday index, the Sensex was up 5.5, to 5.7, to a low of 5.7. The Nifty 1 Index intraday showed a rise of 5.2, 8.5 and lower 5.7. The BSE had gained 5 stocks while the 3 stocks fell. A total of 5 stocks remained unchanged. After the market closed, Sebi announced that it would simplify the registration process of foreign institutional investors.

Heavy erosion in bank stocks: BSE Bangkok breaks 4.1: YES Bank over 5% defaults

Yes Bank declined for the third consecutive trading session following future uncertainty over asset quality. Yes Bank closed at Rs 5.2, down 5.5 per cent or Rs 1.7 on the BSE. Bank of Baroda rupees 5.2 rupees 5.2, federal bank rupees 5.4 rupees 5.4, indusind bank rupees 5.4 rupees 5.2, PNB rupees 5.4 rupees 5, SBI rupees The decline was down to Rs 1.8. Investors' mood has been raised due to concern over the asset quality of public sector banks. In addition, pressure from the Reserve Bank to reduce interest rates is also likely to increase the pressure on banks' interest income. Any reduction in revenue will further aggravate the bank's balance sheets. Banks' credit growth is also likely to remain weak in the current fiscal year.

FMCG stocks including Britannia, Godrej, ITC, Dabur fall while HUL attracts

Stocks in the FMCG sector witnessed pressure due to falling demand. On the NSE, the Britannia rupee fell 5.3 to the rupee. Dabur India rupee fell 5.7 rupees to 5, Godrej ind. The rupee had dropped by 5.1 to close at Rs 1.8. A flowing report that the parole company will hire 10,000 employees has raised concerns in the FMCG sector. Demand for the company's products, especially from the countryside, has led to the move to cut down on the number of employees. IT is under consideration to buy some stake in Coffey. The share price of the company fell by Rs 1.8 to close at Rs 1.8.

Mixed flows in pharma stocks: Davis Labs, GlaxoSmithKline, Piramal Enter rose while Glenmark, Cadilla HealthRath dropped.

There was mixed flow in pharma stocks. Selected stocks were trading at lower prices. Davis Labs closed higher by Rs. GlaxoSmithKline was up 5.5 points to close at Rs 1.8. Glenmark rupee fell 5.7 rupees 5, Cadilla Health rupee 5.4 rupees 5.3, Cipla rupees 5.4 rupees 5.7. Reddys Labs was down by Rs. 5 to Rs. Aurobindo Pharma closed down Rs 1.8, down Rs 1.8. Sun Pharma closed down Rs 1.8, closing at Rs 5.

CG Power's lower circuit following poor financial scrutiny: Tata Power, Reliance Power, Bhal

CG Power and Ind. Following the alleged financial malpractice by Solutions, the corporate affairs ministry came under scrutiny after the company lost 20 per cent on BSE and closed at Rs 1.8. The investigation comes after the company's auditor left the company several months ago. Power stocks have seen a decline in the impact of the economic slowdown on the income of power companies in the country. Tata Power closed down Rs 1.8, Reliance Power fell by Rs 1.8, Suzlon Energy closed down Rs 1.8, and closed at Rs 1.8. Torrent Power closed down Rs 5.2 on the BSE, closing at Rs 1.8 on the back of optimistic withdrawal of investors in Thermex. While the country's power industry is already under pressure, the coming economic downturn is in danger of becoming a challenge for power companies.

Metal stocks under pressure from economic downturn: Sail, Jindal Steel, Tata Steel, Nelco

Concern about the impact of structural activity on the back of forecasts that the global economic downturn is coming, including in India. Structural activities may impact sales of diminished metal manufacturers. Sales on the NSE fell by 5 per cent or Rs 1.5 to Rs 1.7, Jindal Steel rupee fell 5.2 rupees 5, Tata Steel rupees 5.5, NMDC rupees 5.2 rupees 5.5, Nelco The rupee fell 5.7 to the rupee, while the JSW steel rupee fell 5.3 to the rupee. Exports of steel companies have also been volatile in the market to remain soft.

Auto stocks attracted in hopes of boosting auto sales figures following good monsoon progress in the country

Monsoon progress has been good in the country. The kharif sowing is also on the rise, which has led to hope for rural demand. Current stocks of select auto stocks at lower prices of long-term investors were spotted. Hero MotoCorp went up by Rs 1.8, Bajaj Auto was up by Rs 1.7, Rs 1.7, Eicher Motors was up by Rs 1.8, Maruti Suzuki rupee increased by Rs 5.5. TVS Motor closed down by Rs 1.8, Madhesi Sumi was down by Rs 1.8, Ashok Leyland by Rs 5.7, and Rs.

Heavyweight Reliance Ind. Asian Paints, TCS, Bajaj Phi. Decreased

In the June quarter, Nestlé India's share price, the company's share price, closed at a new high of 5 on the BSE. When followed by a profitable seller, Reliance Ind. The rupee fell 5.7 to the rupee, while the Bajaj finance rupee fell 5.3 to the rupee.