Despite The Pressure Of Metal Stocks, The Stock Market Recovered, Tata Steel Fell 5%

New Delhi:- Recently on Friday, the Nifty close at 15,293.50 with a loss of 67.10 points or 0.44 percent. The Sensex fell 135.67 points to close at 51,360.42 and 0.26 percent. Due to the intensification of fears of economic recession around the world. There is pressure on stock markets due to increase in interest rates.

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The domestic market started trading with a slight increase on Monday, after the big fall last week. Heavy selling was clearly visible in metal stocks today, due to which both the main indices went into the red zone several times.

However, in the end both were successful in recovery. From the pre-opening session the market was showing pressure itself. The Sensex was strong by about 100 points, before the start of the session. Similarly, before the start of the session Nifty was strong by about 0.20 percent.

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SGX Nifty in Singapore was also indicating that even today the pressure on the market may remain. The Sensex remained in the lead by more than 200 points. The BSE Sensex was trading below 51,400 points at 09:25 morning with a gain of less than 20 points.

Nifty had fallen below 15,300 points in the red zone. After that market recovered. Nifty climbed 56.65 points or 0.37 percent to end at 15,350.15. If we look at the Sensex companies, Tata Steel was the biggest loser of 5.03 percent. On the other hand, FMCG stock Hindustan Unilever gained nearly 4 percent. HDFC, Ultra Tech Cement also contributed in handling the market.

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Priyanka Yadav

An active reader and follower of news. A budding journalist tries to spread authentic news to people.

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