HDFC And IndusInd Bank Shares, Down In Open Market

November 12, 2020 daknewsnetwork

HDFC and IndusInd Bank shares break the most with an open market.

Indian stock markets opened on Thursday with a downward trend and early trade is also falling. The Bombay Stock Exchange Sensitive Index Sensex opened 301.78 points down at 43,291.89 on Thursday.

In early trade, it fell by 0.19 percent or 84.44 points to trade at 43,509.23 at 9.20 am. At this time, 14 of the 30 stocks of the Sensex were trending at the red mark and 16 stocks at the green mark.

Talking about the National Stock Exchange Index Nifty, it showed a decline of 0.34 percent or 43.70 points at 12,705.45 on Thursday morning at 9.23.

At this time, out of 50 stocks of Nifty, 24 stocks were seen trending on the green mark and 26 stocks on red mark.

Condition of sectoral indices

Among the sectoral indices, in early trade on Thursday, six indices were trending on the green mark and five in the red mark.

Among the indices, Nifty Auto gained 0.60 percent, Nifty FMCG 0.57 percent, Nifty IT 1.07 percent, Nifty Media 0.06 percent, Nifty Pharma 0.98 percent, and Nifty Realty gained 0.04 percent.

HDFC and IndusInd Bank shares were down. At the same time, it saw a fall of 1.05 percent in Nifty Private Bank, 0.79 percent in Nifty PSU Bank, 0.43 percent in Nifty Metal, 1.12 percent in Nifty Financial Services, and 1.07 percent in Nifty Bank.

Buy government gold bonds on this Dhanteras

Diwali is a good opportunity for people to buy gold. They can buy sovereign gold bonds. SGB is a much better means of investment in gold.

The eighth series of the Sovereign Gold Bond Scheme 2020-21 has begun. Subscriptions under this series started on 9 November and will close on 13 November.

The price of one gram of gold in this series has been fixed at Rs 5,177. Also, there is a provision of a discount of Rs 50 per gram on online subscriptions.

Investors who had invested in the first issue of Sovereign Gold Bonds in November 2015 have achieved a growth of around 93 percent in the last five years.

These bonds mature in eight years, but the investor has the option to exit after five years.