Another bad day of the stock market, Nifty closed below 11, 500

The continuation of the decline in the Indian stock market since the general budget is still intact. On the third trading day of the week, the Sensex slipped 173 points to close at 38,557, while the Nifty also dropped 57 points to 11, 499 levels.
Nifty closes below 11, 500
During the turn of the business auto sector saw a major drop in the stock. In fact, the automobile companies' organization, Siam, released the vehicle sales figures of June on Wednesday. According to this data, sales of passenger vehicles in the country decreased by 17.54% in June to 2,25,732 vehicles. In June last year, the figure was 2,73,748.
At the end of the business, shares of Bajaj Finance, Tata Steel, Tata Motors, Axis Bank, L & T, Hero MotoCorp, Mahindra, Bajaj Auto and SBIIN were closed on the red mark. On the other hand, Yes Bank and Sun Pharma hold a green mark with a gain of more than 1 percent. In addition, shares of Kotak Bank, ICICI Bank, HDFC Bank, Power Grid and Infosys also increased. Meanwhile, rupee dropped 16 paise to 68.67 against the dollar due to the rise in crude oil prices. Let's say that the rupee was closed at 68.51 against the dollar on Tuesday.
Indigo falls, SpiceJet gets boost
At the end of the business, Interglob Aviation (Indigo) shares lost nearly 11 percent. During the turnover, the shares of the company fell to 19 per cent. Indeed, after the dispute of the promoters of the airline was exposed, the sale of the shares got faster.
According to the report, promoter Rakesh Gangwal has complained about the problems of SEBI by accusing Rahul Bhatia. On this matter, SEBI has asked the Indigo board to respond.Meanwhile, in the share of IndiGo's rival SpiceJet, there was an increase of about 10 percent during the business. However, SpiceJet shares closed at 2, 119.60, with a 2% gain.
Another bad day of the stock market, Nifty closed below 11, 500 Another bad day of the stock market, Nifty closed below 11, 500 Reviewed by ismail attar on July 10, 2019 Rating: 5

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