There was a shock due to successive share sales,

There was a shock due to successive share sales,

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In the stock market, there was a shock due to successive share sales, No regrets about America doing nothing yesterday;  RBI  Our markets panicked because the governor did nothing.  Already our banking sector is undercapitalized.  In this case, the governor did not cut the interest rate and said when he will cut it.  Didn’t say.  In addition, he said that inflation is still not under control.  That’s all, traders have started selling shares of private sector banks and exiting

There is no money circulation in rural areas as there is no increase in demand.  As a result, sales of consumer goods plummeted.  That was revealed in the third quarter results.  This was followed by consumer staples and auto stocks

To make matters worse, on February 7, foreign institutional investors sold our country’s shares to the tune of Rs 1,691 crore.

The National Asset Recovery Corporation, set up to recover the sunken assets of banks, has not made much progress, but plans to take in about Rs 2 lakh crore worth of bad loans by the end of the next financial year, said Financial Services Secretary Vivek Joshi.

Meanwhile, ITC  A ‘foreign’ company with a majority stake in the company said it would reduce its stake, sending shockwaves through traders.

At the end of market hours, oil, gas, power, IT, public sector stocks were bright, autos, banks, retail, capital goods, consumer goods sector stocks were subdued.

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