New Delhi:- The stock market showed enthusiasm after 3 days of decline and Sensex and Nifty closed in the green mark. FMCG and banking stocks saw a rise in today’s trading. However, metal, IT and pharma stocks remained under pressure. On the other hand, Nifty closed at 15,835.35 with a gain of 83.30 points or 0.53 percent.
The fall in stocks so far this year has given a lot of damage to American investors. However, this year is still half left and the movement of the market may remain volatile even further. Let us tell you that this is the first time since 1970 in America that so much selling has been seen in the first half of any year. Former RBI governor Raghuram Rajan said that at present there is a government trying to reform the country but unfortunately there is no broad consensus on these reforms.
He said that the government should do better reforms in the banking sector. According to Rajan, this is the right time for reforms in the banking sector. He said that instead of taking forward the economy, banks are seen standing in their way. On the other hand, Nifty closed at 15,835.35 with a gain of 83.30 points or 0.53 percent. On the other hand, Nifty closed at 15,752.05, down 28.20 points or 0.18 percent. Giving the example of agricultural laws, he said that after months of agitation, the government finally had to withdraw it.