Sensex Points Are More Than 100 Points; Tata Steel Is A Company Of Reliance Industries.
According to data from the Munda government, the annual wholesale price inflation rate in July fell to 11.16% from 12.07% in the previous month, thanks to a small increase in fuel and food costs.
Trading in the domestic market was stable in the afternoon, ignoring global weak signals, mainly the rise of heavyweight indexes such as Tata Steel, Mahindra and Mahindra, and Reliance Industries. At 1:25 pm, BSE Sensex reported 55,617.50, up 178.50 points or 0.32%, and NSE Nifty reported 16.564.80, up 34.20 points or 0.21%.
With the exception of the China Stock Exchange, the Asian markets suffered losses across the board, and the European markets also suffered losses. This may be due to geopolitical concerns surrounding the development of the situation in Afghanistan.
Government data showed that the annual wholesale price inflation rate in July fell to 11.16% from 12.07% in the previous month, thanks to a small increase in fuel and food costs. Food prices rose by 4.46% in July, compared with 6.66% in the previous month, and fuel prices rose by 26.02% year-on-year, compared with 32.83% in June.
In terms of specific stocks, Tata Steel’s share price soared nearly 3%, ranking first on the BSE winners list. M&M, Bajaj Finance and Reliance Industries all have revenues of more than 2%.
Among the stocks in the news, the share price of Apollo Hospitals Enterprise rose 6.74% to a record BSE of US$4,333.90, after the company reported a consolidated net profit of 501 billion rupees for the quarter. In June, the loss was 225 million rupees. The same period last year.
On the other hand, Shree Cements, Bajaj Auto and Divi’s Lab each fell about 2% on BSE.
The breadth of the BSE market is weak. Among the 3,329 stocks traded on BSE, 1,122 stocks rose while 2,079 stocks fell.
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