Daily Archives: Monday April 1st, 2019

Stock market crosses 39,000

stock market news

Mumbai: Good global cues led to good growth in the Indian market and the Sensex touched a high of 39,000 during the trade. However, due to the pressure on the bank stocks in the last hours, due to the pressure on the bank, there is a slight pressure from the upper level. At the turn of the end, the BSE 30-share index Sensex closed at a high of 38871.87, with an increase of 198.96 points, i.e. 0.51 percent. On the other hand, NSE’s 50-share index Nifty closed 31.70 points, ie 0.27 percent, at 11655.60 level.

Although today’s bank shares have done spoil the mood of the market, due to which the Bank Nifty has dropped 100 points to 30,327 at the end of the business. Midday and smallcap shares also saw good shopping along with legendary stocks. The BSE Mid-cap index closed at 15538.62, an increase of 0.38 per cent today. On the other hand, the smallcap index climbed 0.73 per cent to close at 15137.48 level. There was pressure in oil and gas stocks. BSE’s oil and gas index closed today with a weakness of 0.05 per cent.

In the hope of rate cuts from the RBI, a lot of buying has been seen in the public sector banks. Most of which Andhra Bank, UCO Bank and Corporation Bank have participated in the partnership However, the bank nifty closed 0.58 percent down at the level of 30250.90. Today, the Nifty’s PSU bank index closed at 1.05 per cent higher, while the private bank index closed with a weakness of 0.75 per cent.

The market’s mood got mixed together. In today’s business, IT, metal, pharma and auto stocks are witnessing strong growth. Nifty’s Auto index closed 0.91 percent, IT index 1.33 percent, Pharma index 0.44 percent, Metal index climbed 1.84 percent. Realty, financial services, and FMGC shares closed in the red mark. The Nifty’s realty index closed 0.87 percent, FMG index was up 0.46 percent, and the Finesiil services index was down 0.64 percent.

Axis Securities New Brokerage Scheme

stock market news

Axis Securities New Brokerage Scheme
There is a competition to attract customers between Mumbai-Brokerage Companies. Axis Securities has also stepped in this race. It has launched a new brokerage scheme called Indiatred 20. In which for any business, only a flat brokerage of Rs 20 will be available. These schemes will be applicable to all types of products.

Arun Thukral, managing director of Axis Securities, said that the advantage of those who are not customers of Axis Bank can also be picked up. Under the new scheme, every transaction will take only 20 rupees brokerage. The advantage of this scheme can be both the bank, non-bank customers, but to take advantage of it, it is necessary to have an account in Axis Direct. For the bank customers, the average quarterly balance of Rs 75,000 is necessary. Non-bank customers will have to open demat, trading account in Axis Direct. Demat account will open with 250 monthly fees.

Sleeping expensive

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Gold prices recovered by Rs 85 to Rs 32,820 per ten grams in the national capital on Monday on the back of falling in precious metals at the global level. Silver prices fell by Rs 20 to Rs 38,580 per kg

Due to the rally in the stock markets, gold in the international market remained soft. Gold spot dropped 0.2 percent to $ 1,290.01 an ounce At the previous trading day, it had dropped to three-week low of $ 1,286.35 an ounce. In June, the US gold futures also dropped by $ 2.90 to $ 1,295.60 an ounce.

There is also a decline in silver. Silver spot was 0.2 percent lower at $ 15.11 an ounce. Market analysts said that China’s industrial production in March rose for the first time in four months. This has led to an increase in the stock market globally and the brightness of gold has decreased. Generally there is an inverse manipulation relationship between stock market and yellow metal.

Gold prices recovered by Rs 85 to Rs 32,820 per 10 grams in the national capital. Being soft in silver Silver coins slumped by Rs 20 to Rs 38,580 per kg. Silver futures contracted by Rs 310 to Rs 37,450 per kg.

Strong start of Sensex in third financial year

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Mumbai: The first day of the new fiscal year (2019-20) has been strong for the stock market. The Sensex, for the first time, jumped more than 300 points and crossed 39,000 mark, which is the highest ever in the stock market history.

New financial year starts from April. For the third time in a row, the Sensex has started well on the first day of the financial year. First trading day of 2014 (April one), the Sensex’s move was flat and it closed at 22,446.44, with a modest 60.17 points. However, in terms of performance of the entire financial year (2014-15), the Sensex has gained 24.89% during this period, which is the strongest performance during the last five financial years.

In 2015, the first day of the new financial year has been strong for the stock market. On April 1, the Sensex climbed 302.65 points to end at 28,260. However, the move of the Sensex during the entire financial year is disappointing.

The beginning of the Sensex on the first day of the new fiscal year (2017-18) in 2017 On April 3, the Sensex closed with an increase of 289.72 points against the previous trading session. The finale of this financial year was also excellent. In 2017-18, the Sensex closed with a gain of 11.30 per cent.

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