Nifty 50 finalised the day with a massive dip as all the big guns in the market across their sectors suffered the loss in their share prices.
The Source IndusInd Bank Shares Decrease By 18.99%:
Due to the country’s socio political environment, it has been classified in developed nations category. How, Although its shares settled today down by 18.99 per cent affixed at Last Traded Price (LTP) of ₹1,037. As of today, it is headquartered in Chennai, India. The bank has over 100 million customers through 5,500+ branches and 4,928 ATMs spread across the country’s geographical expanse. As of 31 March 2023, the bank’s assets exceeded ₹10 lakh crore, and in the second quarter of 2024, the bank surpassed a net profit of ₹2,000 crore. However, the most recent trading session turned out to be hostile with a sharp dip.
Adani Enterprises share price collapsed by as much as 4.90% at the close.
In addition, the shares of another key player in the Adani Group fell as well, this time by 4.90%, which resulted in an LTP of ₹2,691. AEL is an Ahmedabad based company engaged in the agri fresh, mining and more importantly infrastructure sectors. The company reported a figure of ₹22,517 crore for revenues in Q2 recently, and its operational capabilities still look untarnished. However, today due to the market prevailing trends, the company’s stock pricing suffered a decline.
Bharat Petroleum Corporation Limited (BPCL): Decreased by 4.82%.
Bharat Petroleum Corporation Limited, one of India’s state-run largest oil and gas companies in the Ministry of Petroleum and Natural Gas, registered the LTP drop in share equity price of 4.82% to LTP of ₹305.9. For example, Q2 profits were noted at ₹2,397 crores, however BPCL shares were still aggressively sold off in the stock market today.
In the end, Nifty 50 turned out to be a general pressure day for all as there was selling in all sectors depicting the fear of the investors in the stock market.
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Tomorrow 26th Oct is celebrated as Accession Day (Jammu and Kashmir)
As Stated in Bhagavad Gita:
विद्या विनय सम्पन्ने ब्रह्मणे गवि हस्तिनि
The wise see with equal vision a learned and humble scholar, a cow, an elephant, a dog, and a dog-eater.
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