Shares fall by 1069 points, Sensex 30029 gaps in bank stocks

- US stock markets open higher: Dow Jones jumps 775 points: Crude rises sharply again

(Commercial Representative) Mumbai, 18 May 2020, Monday

The Rs 50 lakh crore stimulus-economic package announced by the central government to save the country from the economic crisis caused by the Corona epidemic has made the business-corporate world unhappy on the one hand and well-known economists-critics on the other hand with the view that the package cannot save the country's economy. Criticism of the Indian stock markets in the global downturn came again today Was gone.

With the government's decision to postpone new bankruptcy cases for a year and now Hurricane Amphan is intensifying, more catastrophes are brewing in the country as funds are being sold in caution. In banking-finance, automobile, consumer durables and oil and gas stocks, the Sensex fell by 106.5 points to close at 8,004.5 and the Nifty spot fell by 313.60 points to close at 8.5. Global markets were bullish today amid reports of good progress in the search for a vaccine for the coronavirus, despite strained US-China relations. U.S. markets were bullish on the opening.

Fearing that the Modi government would turn to indigenization through a self-reliant India mission, foreign fund-investors began taking the India exit. The migration of workers from industrial areas and cities across the country could lead to the collapse of many industries without workers and as a result these industries could default on billions of rupees in loan repayments. The decision to halt banks' loan recovery has led to a widening of the stock. Jack went on.

International prices of crude oil, which has cut off production in OPEC countries in anticipation of a slowdown in the global global downturn, rose by ૭૩ 6.5 a barrel to અને 4.5 a barrel and Nymex-New York. 4.5 was quoted. At the same time, the US dollar also rose by 3 paise to Rs 2.31 against the rupee, pushing up selling of funds in equities.

In banking-finance stocks, the BSE Bankex Index fell by 12.5 points to close at 2016.81. IndusInd Bank fell by Rs 20.50 to Rs 2.50, Federal Bank fell by Rs 3 to Rs 2.50, RBL Bank fell by Rs 11 to Rs 104.5, Citi Union Bank fell by Rs 10.50 to Rs 19. Axis Bank fell by Rs 2.50 to Rs 21.15, ICICI Bank fell by Rs 2.50 to Rs 200.5, State Bank of India fell by Rs 10.50 to Rs 19.50, HDFC Bank by Rs. Kotak Mahindra Bank fell by Rs 2.50 to Rs 1,150.5. Among the finance stocks, Mahindra & Mahindra Finance fell by Rs 4.5 to Rs 19.5, Chaula Fin fell by Rs 4.5 to Rs 19, LIC Housing Finance fell by Rs 4.5 to Rs 21 and Equitas fell by Rs 2.50. Rs 8.50, Indiabulls Housing Finance fell by Rs 12.5 to Rs 119.50, Shriram Transport Finance fell by Rs 21.50 to Rs 4.5, HDFC Ltd fell by Rs 121.5 to Rs 1913.5, Bajaj Finance fell by Rs 151.5 to Rs 15, a Rs .701.80 Rs .49.75 BI Life, ICICI Prudential declined by Rs 26 at Rs .358.70 Hanan opened with the global stock markets in the US stock markets sharply late in the evening. The Dow Jones index was up 3 points and the Nasdaq index was up 216 points. In European markets, the London Stock Exchange's Futsy 100 Index was up 12 points, Germany's Dex Index was up 6 points and France's Cake 20 Index was up 12 points. While the markets of Asian countries were moderately strong.