Stock market slides after making all time high
Today, on May 3, the last trading day of the week, huge fluctuations are being seen in the stock market. During trading, Nifty made an all-time high of 22,794. However, now a decline is being seen in it. At 12 noon, Nifty was trading at 22,480 with a fall of 170 points.
At the same time, the Sensex fell by about 1200 points from the day’s high of 75,095. This is a fall of 700 points, it is trading at the level of 73,910. Out of its 30 shares, 26 are showing decline and 4 are seeing rise.
Bajaj Finance shares rose by more than 7%
Bajaj Finance shares rose 7% today. At 9:40 am, the stock was trading at 7,367 with a rise of 485 points. Actually, the Reserve Bank of India (RBI) has lifted the ban on two products of Bajaj Finance ‘eCOM’ and online digital ‘Insta EMI Card’. However, due to broader market sell off the stock was trading at 6,927 at around 3 P.M.
The company had given this information in its exchange filing yesterday. The company had said that it will now be able to resume loan approval and disbursal in these two business segments, including EMI card issuance.
